Electronics market in Mongolia
The Mongolian Electronics eCommerce market is predicted to reach US$56.4 million by 2024 and accounts for 23.1% of the total eCommerce market in Mongolia. 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 24.4%, resulting in a projected market volume of US$135.3 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 Household Appliances market in Mongolia
The Mongolian Household Appliances eCommerce market is predicted to reach US$15.7 million by 2024 and accounts for 87.2% of the Electrical Appliances eCommerce market in Mongolia. 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 23.6%, resulting in a projected market volume of US$36.8 million by 2028. The Household Appliances eCommerce market is a sub-market of the Electrical Appliances market. Further categories within the Electrical Appliances market are: Personal Care Appliances.
eCommerce revenue development in the Household Appliances market in Mongolia
eCommerce revenue growth in the Household Appliances market in Mongolia
Net eCommerce revenue split by sub-category
2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ||||
Growth (in %) | 65.8 | 74.4 | 9.6 | 75.8 | 34.3 | 100.0 | 78.6 | 91.7 | ||||
as of Electrical Appliances (in %) | 9.0 | 9.1 | 9.7 | 9.6 | 9.7 | 9.8 | 9.8 | 9.7 | 9.6 | 9.5 | 9.4 | 9.4 |
Market definition
Definition of the Household Appliances market within the Electronics market
Market definition: Electronics > Electrical Appliances > Household Appliances The category Household Appliances includes the online trade of kitchen appliances, laundry appliances, cleaning appliances, and more. This category does not cover consumer electronics and personal care appliances. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Kitchen appliances
- Laundry appliances
- Cleaning appliances
- Heating and cooling appliances
- Small appliances
- Smart home appliances
Out-of-scope
- Consumer electronics
- Personal care appliances
Market comparison
The Mongolian Household Appliances market in a global comparison
Market comparison by growth, online share, and revenue in 2023
Select sub-category
- Headphones *
- Hifi Equipment *
- Bluetooth Loudspeakers *
- Other Loudspeakers *
- Other Audio *
- Action Cameras *
- Other Cameras *
- Other Computing *
- Fitness Trackers *
- Game Consoles *
- Game Console Accessories *
- Game Console Devices *
- Cartridges & Toners *
- Scanners *
- Other Printers & Scanners *
- Cases & Accessories *
- Smartwatches *
- Other Telecommunications *
- Media Boxes & Sticks *
- Other TV & Video *
- Other Household Appliances *
- Electric Toothbrushes *
- Hair Dryers *
- Shavers *
- Other Personal Care Appliances *
* Not available for the selected country