E-Retail Market Size, Share and Global Trend By Type (Marketplace, Third party e-retailers, Own website), By Products Category (Clothing and Footwear, Accessories and others) and Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
E-Retail also is known as e-tail or electronic retail allows customers to buy goods from a seller over the internet. E-Retailing can be availed through a website or mobile application and includes business to consumer (B2C) and business to business (B2B) for the sales of products and services. The Global e-retail sales accounted for around US$ 2,500 Bn in 2018 and are expected to achieve sales of around US$ 5000 Bn by 2022.
To gain extensive insights into the market, Request for Customization
Other factors such as easy returns policy, discounts, and bundling contribute heavily to the growth of the E-Retail market. Many firms have implemented the technology called augmented reality which is also responsible for the growth of online retail sales globally. More than 40% of customers prefer to buy a product if they could experience it through augmented reality beforehand.
KEY PLAYERS COVERED
The key players in the global e-retail market are Amazon, Target Corporation, Walmart Inc., Flipkart Pvt. Ltd, eBay Inc., JD.com, Alibaba group, Rakuten, Newegg, H&M, Ikea, Zalando SE etc.
SEGMENTATION
Segmentation | Details |
By Type | · Marketplace · Third party e-retailers · Own website |
By Products Category | · Clothing and Footwear · Accessories · Home Appliances · Food and Personal Care · Furniture and Home Decor |
By Geography | · North America (the USA and Canada) · Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe) · Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific) · Latin America (Brazil, Mexico and Rest of Latin America) · Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa) |
REGIONAL ANALYSIS
The global mobile internet penetration rate is likely to increase from 43% to 61%, during the year 2017-2025. In the North America region, the e-retail market would grow at a substantial rate during the forecast period. This is owing to the presence of Amazon which is one of the largest e-retailer in the region. Furthermore, it is estimated that 51% of Americans prefer online shopping which is backed by more than 73% of mobile internet penetration rate in 2018. The Asia Pacific is rapidly becoming the largest region for the online e-retail market especially in countries like China and India. The rapid growth of the e-retail market in India accounts to its size, tendency to adopt the western culture and government initiatives like 100% FDI.
In Europe, the mobile internet penetration rate accounts to more than 72% in 2018 with secured internet transactions. In this region, the UK forms the largest e-commerce market followed by France and Germany. In Latin America, Brazil is expected to remain one of the largest retail e-commerce markets as most consumers in the country are comfortable using credit cards and digital options for payments. The Middle East and Africa would experience low growth in the e-retail market owing to factors such as the preference of paying cash, unreliable shipping in the region, and lack of internet services.
Key Industry Developments |
· December 2016- Walmart acquired the largest Indian e-commerce company called Flipkart for US$ 16 Bn in 2018. · 2017: Time of free shipping was dropped from 5.5 days in 2012 to 4.5 days on average backed by programs like Amazon Prime making two-day shipping the standard time increasing customer satisfaction. |
- Ongoing
- 2023
- 2019-2022
-
Get in Touch with Us
-
US +1 833 909 2966 ( Toll Free )
-
