Toys, Hobby & DIY market in Vietnam
The Vietnamese Toys, Hobby & DIY eCommerce market is predicted to reach US$1,865.8 million by 2023 and accounts for 14.0% of the total eCommerce market in Vietnam. 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 10.6%, resulting in a projected market volume of US$2,787.3 million by 2027. Within the Toys, Hobby & DIY market ecommerceDB considers the following four sub-markets: Toys & Baby, Hobby & Stationery, DIY, Garden & Pets, and Sports & Outdoor.
Market development
eCommerce revenue development in the String Instruments market in Vietnam
The Vietnamese String Instruments eCommerce market is predicted to reach US$10.9 million by 2023 and accounts for 13.2% of the Musical Instruments eCommerce market in Vietnam. 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 8.1%, resulting in a projected market volume of US$14.9 million by 2027. The String Instruments eCommerce market is a sub-market of the Musical Instruments market. Further categories within the Musical Instruments market are: Acoustic Pianos & Stringed Keyboard Instruments, Electronic & Electromechanical Musical Instruments, Parts & Accessories of Musical Instruments, Percussion Instruments, and Wind Instruments.
eCommerce revenue development in the String Instruments market in Vietnam
Note: Data shown is using current exchange rates and reflects market impacts of the Russia-Ukraine war
Source: Statista Market Insights, ecommerceDB
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 53.8 | 18.9 | 12.0 | 66.8 | 95.9 | 59.7 | 65.3 | 98.4 |
AOV (in US$) | 25.0 | 79.2 | 53.2 | 8.8 | 40.1 | 18.0 | 53.6 | 31.9 |
CVR (in %) | 53.8 | 18.9 | 12.0 | 66.8 | 95.9 | 59.7 | 65.3 | 98.4 |
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