Electronics market in the Philippines
The Philippine Electronics eCommerce market is predicted to reach US$4,186.4 million by 2024 and accounts for 24.5% of the total eCommerce market in the Philippines. 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 12.8%, resulting in a projected market volume of US$6,779.7 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 Personal Care Appliances market in the Philippines
The Philippine Personal Care Appliances eCommerce market is predicted to reach US$167.4 million by 2024 and accounts for 13.1% of the Electrical Appliances eCommerce market in the Philippines. 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 22.3%, resulting in a projected market volume of US$374.1 million by 2028. The Personal Care Appliances eCommerce market is a sub-market of the Electrical Appliances market. Further categories within the Electrical Appliances market are: Household Appliances.
eCommerce revenue development in the Personal Care Appliances market in the Philippines
eCommerce revenue growth in the Personal Care Appliances market in the Philippines
Net eCommerce revenue split by sub-category
2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ||||
Growth (in %) | 90.5 | 19.9 | 66.7 | 3.0 | 71.4 | 87.8 | 47.0 | 49.8 | ||||
as of Electrical Appliances (in %) | 12.5 | 12.8 | 12.2 | 11.5 | 11.9 | 12.1 | 12.0 | 11.9 | 11.8 | 11.6 | 11.5 | 11.4 |
Market definition
Definition of the Personal Care Appliances market within the Electronics market
Market definition: Electronics > Electrical Appliances > Personal Care Appliances The category Personal Care Appliances includes the online trade of hair care appliances, electric shavers and razors, electric toothbrushes, and more. This category does not cover make-up brushes. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Hair care Appliances
- Electric shavers and razors
- Electric toothbrushes
- Epilators and hair removal devices
Out-of-scope
- Make-up brushes
Market comparison
The Philippine Personal Care Appliances market in a global comparison
Market comparison by growth, online share, and revenue in 2023
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