Electronics market in South Korea

The South Korean Electronics eCommerce market is predicted to reach US$29,626.3 million by 2024 and accounts for 19.7% of the total eCommerce market in South Korea. 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 3.5%, resulting in a projected market volume of US$34,020.6 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 Printers market in South Korea

The South Korean Printers eCommerce market is predicted to reach US$491.5 million by 2024 and accounts for 53.7% of the Printers & Scanners eCommerce market in South Korea. 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 3.6%, resulting in a projected market volume of US$565.6 million by 2028. The Printers eCommerce market is a sub-market of the Printers & Scanners market. Further categories within the Printers & Scanners market are: Cartridges & Toners, Other Printers & Scanners, and Scanners.

eCommerce revenue development in the Printers market in South Korea

in million US$

eCommerce revenue growth in the Printers market in South Korea

in %

Net eCommerce revenue split by sub-category

in %
2020 2021 2022 2023 2024 2025 2026 2027
Revenue (in mUS$) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Growth (in %) 70.7 46.7 45.7 79.3 85.6 48.9 84.1 19.3

Online share

eCommerce online share of the total Printers market in South Korea

The online share refers to the proportion of the retail volume that is transacted via the Internet. It includes purchases via desktop PC, tablet or smartphone, both via website or app. Only retail of physical goods is taken into account. In the South Korean Printers retail market, the online share is 36.6% and will decrease by an average of 29.8% to 8.9% by 2027.

eCommerce online share of the total Printers market in South Korea

in %
2020 2021 2022 2023 2024 2025 2026 2027
Online share (in %) 40.3% 17.1% 96.9% 94.0% 21.5% 27.5% 38.2% 0.0%

Market definition

Definition of the Printers market within the Electronics market

Market definition: Electronics > Consumer Electronics > Printers & Scanners > Printers The category Printers includes the online trade of printers (e.g. inkjet printers, laser printers, all-in-one printers, photo printers, wireless printers, label printers) and multifunction devices. This category does not cover scanners, cartridges and toners or printer and scanner accessories. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.

In-scope

  • Printers (e.g. inkjet printers, laser printers, all-in-one printers, Photo printers, wireless printers, label printers)
  • Multifunction devices

Out-of-scope

  • Scanners
  • Cartridges and toners
  • Printer and scanner accessories