The European online consumer electronics market is valued at 90 billion euros in 2023. It is anticipated to extend 19 percent by 2025, reaching 107 billion euros. Retailers and C2C marketplaces selling used and refurbished electronics are driving this growth.
These data come from the first edition of the ‘Top 100 Consumer Electronics Retail Europe’ rating by Cross-Border Commerce Europe. The report lists the 100 biggest sellers of consumer electronics, while also giving insight into the market.
The buyer electronics retail market in Europe was price 202 billion euros in 2023 and is anticipated to grow 1.25 percent annually. It is anticipated to achieve 210 billion euros by 2025. That signifies that half of that revenue might be generated by online sales. And 52 percent (55.5 billion euros) will come from cross-border trade.
11% of the entire online retail sales
In 2023, the net consumer electronics market represented 11 percent of all online retail sales. That makes it the second-largest market share, after fashion. That market accounts for 15 percent.
Amazon had an 18% share of total online consumer electronics market
In accordance with the report, sellers within the Top 100 had a median share of 0.43 percent of the entire online consumer electronics trade. Amazon has the very best share, with 18 percent. This marketplace made 16.2 billion euros in revenue from sales in electronics across Europe by in 2023.
Recommerce share was 8.6%
Recommerce, which entails the refurbishment and selling of used items, can also be growing its share in the net consumer electronics trade. In 2023, 7.7 billion euros of this market got here from second-hand sales. This can be a share of 8.6 percent.
As much as 11.5 billion euros is anticipated to be generated from online sales of used electronics by 2025
Online sales of used consumer electronics are expected to account for 11.5 billion euros by 2025. Recommerce will then account for 11 percent of the entire online consumer electronics trade.
