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 Loudspeakers market

The global Loudspeakers eCommerce market is expected to increase over the next years. It is predicted to reach US$28,757.6 million by 2023 and the expected compound annual growth rate for the next four years (CAGR 2023-2027) will be 2.6%. The Loudspeakers eCommerce market is a sub-market of the Audio market and accounts for 54.3% within this market. Further categories within the Audio market are: Headphones, Hifi Equipment, and Other Audio.

eCommerce revenue development in the global Loudspeakers market

in million US$

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 Loudspeakers market

in %

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

in %

Note: Data shown is using current exchange rates.

Source: ECDB analysis

2020 2021 2022 2023 2024 2025 2026 2027
Revenue (in mUS$) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Growth (in %) 60.1 75.1 81.4 25.3 2.6 79.1 57.9 5.5
AOV (in US$) 0.5 0.5 0.3 0.5 1.0 0.4 0.3 0.4
CVR (in %) 60.1 3.0 22.6 29.7 69.1 61.1 80.6 81.9
AOV: Average Order Value CVR: Conversion Rate

Online share

eCommerce online share of the total Loudspeakers market

The online share refers to the proportion of the retail volume that is transacted via the Internet. It includes purchases via desktop PC, tablet or smartphone, both via website or app. Only retail of physical goods is taken into account. In the global Loudspeakers retail market, the online share is 37.7% and will increase by an average of 6.9% to 49.2% by 2027.

eCommerce online share of the total Loudspeakers market

in %

Note: Data shown is using current exchange rates.

Source: Statista Market Insights , ECDB analysis

2020 2021 2022 2023 2024 2025 2026 2027
Online share (in %) 64.2% 11.8% 78.1% 97.0% 6.8% 27.6% 76.4% 92.2%

Market definition

Definition of the Loudspeakers market within the Electronics market

Market definition: Electronics > Consumer Electronics > Audio > Loudspeakers The category Loudspeakers includes the online trade of home audio speakers (e.g. bookshelf speakers, soundbars, subwoofers), bluetooth speakers (e.g. portable bluetooth speakers, bluetooth stereo speakers, smart bluetooth speakers), record players, and more. This category does not cover car multimedia (e.g. car stereos, car audio systems) and headphones. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.

In-scope

  • Home audio speakers (e.g. bookshelf speakers, soundbars, subwoofers)
  • Bluetooth speakers (e.g. portable bluetooth speakers, bluetooth stereo speakers, smart bluetooth speakers)
  • Record players
  • CD players

Out-of-scope

  • Car multimedia (e.g. car stereos, car audio systems)
  • Headphones