Electronics market in Saudi Arabia
Market development
eCommerce revenue development in the Hifi Loudspeakers market in Saudi Arabia
The Saudi Arabian Hifi Loudspeakers eCommerce market is predicted to reach US$37.3 million by 2024 and accounts for 44.4% of the Loudspeakers eCommerce market in Saudi Arabia. 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$26.7 million by 2028. The Hifi Loudspeakers eCommerce market is a sub-market of the Loudspeakers market. Further categories within the Loudspeakers market are: Bluetooth Loudspeakers, and Other Loudspeakers.
eCommerce revenue development in the Hifi Loudspeakers market in Saudi Arabia
eCommerce revenue growth in the Hifi Loudspeakers market in Saudi Arabia
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
|---|---|---|---|---|---|---|---|---|
| Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Growth (in %) | 71.8 | 20.2 | 83.3 | 6.3 | 96.5 | 57.2 | 32.6 | 10.9 |
Market definition
Definition of the Hifi Loudspeakers market within the Electronics market
Market definition: Electronics > Consumer Electronics > Audio > Loudspeakers > Hifi Loudspeakers The category Hifi Loudspeakers includes the online trade of floorstanding hifi loudspeakers, bookshelf hifi loudspeakers, hifi tower speakers, and more. This category does not cover bluetooth loudspeakers, record players or cd players. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Floorstanding hifi loudspeakers
- Bookshelf hifi loudspeakers
- Hifi tower speakers
- Wireless hifi speakers
- Hifi surround sound systems
- Retro or vintage hifi speakers
Out-of-scope
- Bluetooth Loudspeakers
- Record players
- CD players
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