Electronics market in Norway
The Norwegian Electronics eCommerce market is predicted to reach US$2,427.7 million by 2023 and accounts for 21.6% of the total eCommerce market in Norway. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2023-2027) will be 2.4%, resulting in a projected market volume of US$2,668.6 million by 2027. Within the Electronics market ECDB considers the following two sub-markets: Consumer Electronics and Electrical Appliances.
Market development
eCommerce revenue development in the Shavers market in Norway
The Norwegian Shavers eCommerce market is predicted to reach US$29.0 million by 2023 and accounts for 36.2% of the Personal Care Appliances eCommerce market in Norway. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2023-2027) will be 7.9%, resulting in a projected market volume of US$39.4 million by 2027. The Shavers eCommerce market is a sub-market of the Personal Care Appliances market. Further categories within the Personal Care Appliances market are: Electric Toothbrushes, Hair Dryers, and Other Personal Care Appliances.
eCommerce revenue development in the Shavers market in Norway
Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.
Source: ECDB analysis
eCommerce revenue growth in the Shavers market in Norway
Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.
Source: ECDB analysis
Net eCommerce revenue split by sub-category
Note: Data shown is using current exchange rates.
Source: ECDB analysis
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
|---|---|---|---|---|---|---|---|---|
| Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Growth (in %) | 67.1 | 63.0 | 20.1 | 16.6 | 43.6 | 51.3 | 42.9 | 36.8 |
| AOV (in US$) | 28.9 | 61.9 | 84.6 | 10.2 | 35.2 | 58.6 | 53.1 | 8.3 |
| CVR (in %) | 67.1 | 63.0 | 20.1 | 16.6 | 43.6 | 51.3 | 42.9 | 36.8 |
Market definition
Definition of the Shavers market within the Electronics market
Market definition: Electronics > Electrical Appliances > Personal Care Appliances > Shavers The category Shavers includes the online trade of electric razors (e.g. foil shavers, rotary shavers, wet and dry shavers) and trimmers. This category does not cover non-electric razors (e.g. safety razors, straight razors, disposable razors, cartridge razors, razor blades). All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Electric razors (e.g. foil shavers, rotary shavers, wet and dry shavers)
- Trimmers
Out-of-scope
- Non-electric razors (e.g. safety razors, straight razors, disposable razors, cartridge razors, razor blades)
Select sub-category