eCommerce market in Luxembourg
Luxembourg is the 64th largest market for eCommerce with a predicted revenue of US$1,205.0 million by 2024, placing it ahead of Panama. Revenue is expected to show a compound annual growth rate (CAGR 2024-2028) of 3.9%, resulting in a projected market volume of US$1,402.1 million by 2028. With an expected increase of 1.6% in 2024, the Luxembourg eCommerce market contributed to the worldwide growth rate of 7.4% in 2024. Like in Luxembourg, global eCommerce sales are expected to increase over the next years. Seven markets are considered by ECDB within the Luxembourg eCommerce market. Hobby & Leisure is the largest market and accounts for 25.5% of the Luxembourg eCommerce revenue. It is followed by Electronics with 21.6%, Fashion with 18.3%, Furniture & Homeware with 11.7%, DIY with 8.9%, Care Products with 8.2%, and Grocery with the remaining 5.8%.
Market development
eCommerce revenue development in Luxembourg
Luxembourg is the 64th largest market for eCommerce with a predicted revenue of US$1,205.0 million by 2024, placing it ahead of Panama. Revenue is expected to show a compound annual growth rate (CAGR 2024-2028) of 3.9%, resulting in a projected market volume of US$1,402.1 million by 2028. With an expected increase of 1.6% in 2024, the Luxembourg eCommerce market contributed to the worldwide growth rate of 7.4% in 2024. Like in Luxembourg, global eCommerce sales are expected to increase over the next years. Seven markets are considered by ECDB within the Luxembourg eCommerce market. Hobby & Leisure is the largest market and accounts for 25.5% of the Luxembourg eCommerce revenue. It is followed by Electronics with 21.6%, Fashion with 18.3%, Furniture & Homeware with 11.7%, DIY with 8.9%, Care Products with 8.2%, and Grocery with the remaining 5.8%.
eCommerce revenue development in Luxembourg
eCommerce revenue growth in Luxembourg
Net eCommerce revenue split by sub-category
2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ||||
Growth (in %) | 46.6 | 90.6 | 48.6 | 41.3 | 61.4 | 50.5 | 54.8 | 30.9 |
Market comparison
The Luxembourg eCommerce market in a global comparison
Market comparison by growth, online share, and revenue in 2023
Select main category