Electronics market in Nigeria
The Nigerian Electronics eCommerce market is predicted to reach US$589.8 million by 2024 and accounts for 23.2% of the total eCommerce market in Nigeria. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 8.3%, resulting in a projected market volume of US$810.1 million by 2028. Within the Electronics market ECDB considers the following two sub-markets: Consumer Electronics and Electrical Appliances.
Market development
eCommerce revenue development in the Monitors market in Nigeria
The Nigerian Monitors eCommerce market is predicted to reach US$16.9 million by 2024 and accounts for 19.1% of the Computing eCommerce market in Nigeria. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 12.9%, resulting in a projected market volume of US$27.5 million by 2028. The Monitors eCommerce market is a sub-market of the Computing market. Further categories within the Computing market are: Desktop PCs, Notebooks & Laptops, Other Computing, and Tablets.
eCommerce revenue development in the Monitors market in Nigeria
eCommerce revenue growth in the Monitors market in Nigeria
Net eCommerce revenue split by sub-category
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 27.9 | 4.9 | 70.0 | 35.7 | 2.6 | 53.9 | 37.7 | 13.5 |
Market definition
Definition of the Monitors market within the Electronics market
Market definition: Electronics > Consumer Electronics > Computing > Monitors The category Monitors includes the online trade of computer monitors (e.g. ultra-wide monitors, curved monitors, touchscreen monitors) and portable monitors. This category does not cover medical and healthcare monitors, projectors or monitor accessories (e.g. monitor stands and mounts). All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Computer monitors (e.g. ultra-wide monitors, curved monitors, touchscreen monitors)
- Portable monitors
Out-of-scope
- Medical and healthcare monitors
- Projectors
- Monitor accessories (e.g. monitor stands and mounts)
Market comparison
The Nigerian Monitors market in a global comparison
Market comparison by growth, online share, and revenue in 2023
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