Global Electronics market
The global Electronics eCommerce market is expected to increase over the next years. It is predicted to reach US$1,123,803.2 million by 2023 and the expected compound annual growth rate for the next four years (CAGR 2023-2027) will be 5.1%. ECDB considers the following two sub-markets within the Electronics market: Consumer Electronics and Electrical Appliances. Consumer Electronics is the largest sub-market and accounts for 69.5% of the global Electronics market.
Market development
eCommerce revenue development in the global Hifi Equipment market
The global Hifi Equipment eCommerce market is expected to increase over the next years. It is predicted to reach US$3,694.7 million by 2023 and the expected compound annual growth rate for the next four years (CAGR 2023-2027) will be 5.5%. The Hifi Equipment eCommerce market is a sub-market of the Audio market and accounts for 7.0% within this market. Further categories within the Audio market are: Headphones, Loudspeakers, and Other Audio.
eCommerce revenue development in the global Hifi Equipment market
Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.
Source: ECDB analysis
eCommerce revenue growth in the global Hifi Equipment market
Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.
Source: ECDB analysis
Net eCommerce revenue split by sub-category
Note: Data shown is using current exchange rates.
Source: ECDB analysis
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
|---|---|---|---|---|---|---|---|---|
| Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Growth (in %) | 39.0 | 97.6 | 82.1 | 31.6 | 37.9 | 38.1 | 36.4 | 58.1 |
| AOV (in US$) | 0.4 | 0.9 | 0.2 | 0.4 | 0.5 | 0.3 | 0.0 | 0.6 |
| CVR (in %) | 33.3 | 26.4 | 60.8 | 57.6 | 54.0 | 86.5 | 79.2 | 25.3 |
Market definition
Definition of the Hifi Equipment market within the Electronics market
Market definition: Electronics > Consumer Electronics > Audio > Hifi Equipment The category Hifi Equipment includes the online trade of stereo systems, compact systems, audio home systems, and more. This category does not cover hifi loudspeakers and car hifi. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Stereo systems
- Compact systems
- Audio home systems
- All-in-one-systems
- Wifi radios
- Amplifiers
- Digital-to-analog converters (DACs)
- Hifi receivers
- Turntables
Out-of-scope
- Hifi Loudspeakers
- Car Hifi
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