Instruments Industry in Singapore

Top Online Store
sweelee.com.sgsweelee.com.sg
Online Share
15-20%

eCommerce Revenue

US$54m
2024

Growth

10-15%
2024

Growth Forecast

10-15%
24/25

Average Order Value

2024

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Singapore Musical Instruments eCommerce: Market Size & Growth

eCommerce Revenue by Year & Annual Growth Rate

The Singapore Musical Instruments eCommerce Market generated an eCommerce revenue of US$54m in 2024, reflecting an eCommerce growth rate of 10-15% compared to the previous year. Projections for 2025 see the eCommerce market trending toward a change of 10-15%.

Annual Revenue

US$54m
2024

Annual Growth Forecast

10-15%
24/25

eCommerce Market Size by Annual Revenue (in Million US$)

2022
2023
54
2024
2025
2026

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Monthly eCommerce Revenue & Growth

Online sales are subject to changes throughout a year that are determined by broader consumer habits, cultural preferences, and the general state of the economy. In the Singapore Musical Instruments eCommerce Market, monthly revenues in April of 2025 were US$5m. This represents a change of <0% from the previous month.

Revenue Current Month

US$5m
04/25

Growth from Previous Month

<0%
03/25-04/25

Monthly Revenue (in Million US$)

12/2024
01/2025
02/2025
03/2025
5
04/2025

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Biggest Online Retailers in Singapore Musical Instruments eCommerce

The largest eCommerce retailer in the Singapore Musical Instruments eCommerce Market is sweelee.com.sg, with an online revenue of US$20m in 2024. Its revenue changed by 10-15% in 2024. Following in second place is amazon.sg, followed by aftershockpc.com in third place.

# 1
sweelee.com.sgsweelee.com.sg
Biggest Category

Biggest Country

Growth 24/25

Revenue

US$20m

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Singapore Musical Instruments eCommerce Penetration: Online Market Share

The Singapore Musical Instruments eCommerce Market reached an online share of 15-20% in 2024. This eCommerce market share measures what percentage of revenues are generated through online channels. The online share is expected to reach 15-20% in 2025.

Online Share

15-20%
2024

Online Share Forecast

15-20%
2025

Online Share/eCommerce Market Share

2022
2023
15-20%
2024
15-20%
2025
2026

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Singapore Musical Instruments eCommerce: Conversion Funnel KPIs

In 2024, the add-to-cart rate for the Singapore Musical Instruments eCommerce Market was 9.0-9.5%, while the cart abandonment rate was 80.5-81.0%,. The eCommerce shopping statistics of consumers buying are used to benchmark performance for eCommerce retailers in the market.

9.0-9.5%2024
80.5-81.0%
2024

Conversion Rate

2024

Discount Rate

2024

Return Rate

2024

Averager Order Value

2024

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