Electronics market in Latvia
Market development
eCommerce revenue development in the Loudspeakers market in Latvia
The Latvian Loudspeakers eCommerce market is predicted to reach US$4.1 million by 2024 and accounts for 48.3% of the Audio eCommerce market in Latvia. It is expected to decrease over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be -8.0%, resulting in a projected market volume of US$2.9 million by 2028. The Loudspeakers eCommerce market is a sub-market of the Audio market. Further categories within the Audio market are: Headphones, Hifi Equipment, and Other Audio.
eCommerce revenue development in the Loudspeakers market in Latvia
eCommerce revenue growth in the Loudspeakers market in Latvia
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
|---|---|---|---|---|---|---|---|---|
| Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Growth (in %) | 95.0 | 13.9 | 37.3 | 13.2 | 87.2 | 63.5 | 10.2 | 5.6 |
Market definition
Definition of the Loudspeakers market within the Electronics market
Market definition: Electronics > Consumer Electronics > Audio > Loudspeakers The category Loudspeakers includes the online trade of home audio speakers (e.g. bookshelf speakers, soundbars, subwoofers), bluetooth speakers (e.g. portable bluetooth speakers, bluetooth stereo speakers, smart bluetooth speakers), record players, and more. This category does not cover car multimedia (e.g. car stereos, car audio systems) and headphones. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Home audio speakers (e.g. bookshelf speakers, soundbars, subwoofers)
- Bluetooth speakers (e.g. portable bluetooth speakers, bluetooth stereo speakers, smart bluetooth speakers)
- Record players
- CD players
Out-of-scope
- Car multimedia (e.g. car stereos, car audio systems)
- Headphones
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