The European on-line client electronics market is valued at 90 billion euros in 2023. It’s anticipated to extend 19 % by 2025, reaching 107 billion euros. Retailers and C2C marketplaces promoting used and refurbished electronics are driving this development.
These information come from the first version of the ‘Prime 100 Shopper Electronics Retail Europe’ rating by Cross-Border Commerce Europe. The report lists the 100 greatest sellers of client electronics, whereas additionally giving perception into the market.
The buyer electronics retail market in Europe was price 202 billion euros in 2023 and is anticipated to develop 1.25 % yearly. It’s anticipated to succeed in 210 billion euros by 2025. That signifies that half of that income might be generated by on-line gross sales. And 52 % (55.5 billion euros) will come from cross-border commerce.
11% of the full on-line retail gross sales
In 2023, the web client electronics market represented 11 % of all on-line retail gross sales. That makes it the second-largest market share, after style. That market accounts for 15 %.
Amazon had an 18% share of complete on-line client electronics market
In accordance with the report, sellers within the Prime 100 had a mean share of 0.43 % of the full on-line client electronics commerce. Amazon has the very best share, with 18 %. This market made 16.2 billion euros in income from gross sales in electronics throughout Europe by in 2023.
Recommerce share was 8.6%
Recommerce, which entails the refurbishment and promoting of used gadgets, can also be rising its share within the on-line client electronics commerce. In 2023, 7.7 billion euros of this market got here from second-hand gross sales. This can be a share of 8.6 %.
As a lot as 11.5 billion euros is anticipated to be generated from on-line gross sales of used electronics by 2025
On-line gross sales of used client electronics are anticipated to account for 11.5 billion euros by 2025. Recommerce will then account for 11 % of the full on-line client electronics commerce.
