Electronics market in Hungary

The Hungarian Electronics eCommerce market is predicted to reach US$937.4 million by 2024 and accounts for 20.9% of the total eCommerce market in Hungary. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 5.3%, resulting in a projected market volume of US$1,151.3 million by 2028. Within the Electronics market ECDB considers the following two sub-markets: Consumer Electronics and Electrical Appliances.

Market development

eCommerce revenue development in the Cookers & Ovens market in Hungary

The Hungarian Cookers & Ovens eCommerce market is predicted to reach US$29.8 million by 2024 and accounts for 10.2% of the Household Appliances eCommerce market in Hungary. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 3.8%, resulting in a projected market volume of US$34.6 million by 2028. The Cookers & Ovens eCommerce market is a sub-market of the Household Appliances market. Further categories within the Household Appliances market are: Dishwashers, Other Household Appliances, Refrigerators, Small Kitchen Appliances, Vacuum Cleaners, and Washing Machines.

eCommerce revenue development in the Cookers & Ovens market in Hungary

in million US$

Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.

Source: ECDB analysis

eCommerce revenue growth in the Cookers & Ovens market in Hungary

in %

Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.

Source: ECDB analysis

Net eCommerce revenue split by sub-category

in %

Note: Data shown is using current exchange rates.

Source: ECDB analysis

20202021202220232024202520262027
Revenue (in mUS$)0.00.00.00.00.00.00.00.0
Growth (in %)46.470.44.193.779.810.523.764.9

Market definition

Definition of the Cookers & Ovens market within the Electronics market

Market definition: Electronics > Electrical Appliances > Household Appliances > Cookers & Ovens The category Cookers & Ovens includes the online trade of gas ovens, electric ovens, double ovens, and more. This category does not cover range hoods and outdoor cooking appliances (e.g. grills, smokers, outdoor ovens). All monetary figures refer to the annual gross revenue and do not factor in shipping costs.

In-scope

  • Gas ovens
  • Electric ovens
  • Double ovens
  • Freestanding cookers
  • Built-in cookers
  • Cooking tops (e.g. ceran cooktops, induction cooktops)

Out-of-scope

  • Range hoods
  • Outdoor cooking appliances (e.g. grills, smokers, outdoor ovens)

Market comparison

The Hungarian Cookers & Ovens market in a global comparison

Market comparison by growth, online share, and revenue in 2023

in %

Source: ECDB analysis

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