Global Electronics market

The global Electronics eCommerce market is expected to increase over the next years. It is predicted to reach US$1,097,823.2 million by 2024 and the expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 7.4%. 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 60.6% of the global Electronics 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 Electronics retail market, the online share is 41.7% and will increase by an average of 6.0% to 52.7% by 2028.

With sales in the global Electronics market, jd.com generated a revenue of US$52,125.4 million in 2023, which means it is the leading online store in this market. The global Electronics ranking is based on all online stores that generated sales in this market in 2023. Due to a country- and category-dependent approach, both national and international online stores can be part of the ranking. The ranking shows a filtered revenue. It only includes sales within the market Electronics.

With 87.5% VISA the most commonly offered payment method of all online stores in the worldwide Electronics eCommerce market in 2023. Like VISA Mastercard with a share of 87.4% and American Express with a share of 44.0% the payment type Cards is the most common used by online retailers in in the worldwide Electronics eCommerce market in 2023. Other commonly used payment methods in that market are PayPal (E-wallets) with 56.3% and Bank transfer/cash in advance (Bank transfer) with 53.3% of stores offering that payment method to the clients.

In the worldwide Electronics eCommerce market, there is a high level of competition among numerous shipping service providers, resulting in a highly fragmented landscape in 2023. Notably, no single shipping service provider, including DHL, UPS (United Parcel Service), and DPD, has been able to achieve a market share of over 20.0% among online retailers, indicating a dispersed market with many players holding smaller shares.

In the worldwide Electronics eCommerce market, there is intense competition among various shop software solutions, leading to a highly fragmented landscape in 2023. None of the major shop software solution, including Magento, WooCommerce, and Shopify, have been able to secure a market share exceeding 9.8%, suggesting a diversified market with numerous players holding smaller stakes.