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 Washing Machines market in Hungary

The Hungarian Washing Machines eCommerce market is predicted to reach US$63.4 million by 2024 and accounts for 21.7% 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 7.7%, resulting in a projected market volume of US$85.4 million by 2028. The Washing Machines eCommerce market is a sub-market of the Household Appliances market. Further categories within the Household Appliances market are: Cookers & Ovens, Dishwashers, Other Household Appliances, Refrigerators, Small Kitchen Appliances, and Vacuum Cleaners.

eCommerce revenue development in the Washing Machines 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 Washing Machines 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 %)56.339.864.688.163.56.618.175.6

Market definition

Definition of the Washing Machines market within the Electronics market

Market definition: Electronics > Electrical Appliances > Household Appliances > Washing Machines The category Washing Machines includes the online trade of front-loading washing machines, top-loading washing machines, washer-dryer combos, and more. This category does not cover dryers and commercial and industrial washing machines. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.

In-scope

  • Front-loading washing machines
  • Top-loading washing machines
  • Washer-dryer combos
  • Steam washing machines

Out-of-scope

  • Dryers
  • Commercial and industrial washing machines

Market comparison

The Hungarian Washing Machines market in a global comparison

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

in %

Source: ECDB analysis

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