Global B2C E-commerce Market By Type (Classifieds and B2C Retailers), By Application (Beauty & Personal Care, Automotive, Consumer Electronics, Books & Stationery, and Others), and by Region and Companies Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032.
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B2C e-commerce Market Overview:
The global B2C eCommerce market value was USD 3,860,000 million in 2021. It is expected that it will grow at a compound annual rate of 9.9% between 2023-2032.
Global B2C E-commerce Market
Type Analysis
B2C retailers' segment had a 99.4% revenue share in 2021, and it is expected that it will continue to dominate the forecast period. The forecast period will see retailers' segments grow due to an increase in internet banking and mobile transactions.
In developing countries, urbanization has led to a westernized lifestyle. The result is that shopping habits are shifting from traditional to online. This growth is due to factors like globalization, strong logistics infrastructure, and high cross-border demand.
The classifieds segment is expected to grow at an 11.7% CAGR over the forecast period. This is due to an increase in mobile advertising and lower costs of online advertising. It includes multiple classified services, including those for real estate, matrimony, recruitment, automotive, as well as auto-related services.
Application Analysis
In 2021, the clothing and footwear sector accounted for a significant revenue share. It is expected that it will continue to dominate the forecast period. This is due to the huge expansion of the online clothing marketplace through which manufacturers and retailers market their goods. Online shopping is beneficial because it offers multiple payment options, goods options, home delivery, and easy returns.
The website interface is simple and user-friendly, which allows easy navigation of many product categories using the search system. This increases the consumer's indulgence.
Apparel websites helped reduce rush at shops, increase the reach of retailers and allow the consumer to "shop from wherever" even if they have a busy work schedule. Door-step delivery, Virtual changing rooms, and return have also helped to eliminate transportation or travel hassle while the websites are available 24*7 for your shopping.
Over the forecast period, consumer electronics is expected to grow at a substantial rate. This growth can be attributed to increased internet usage and consumers' growing interest in the latest electronics products and trends.
Customers have the ability to shop in real-time with consumer electronics thanks to AI and in-app AR. This makes it easier for them to make informed decisions. Social media advertising, same-day shipping, custom packaging, and other factors are all attracting more customers.
Key Market Segments
Type
- B2C Retailers
- Classifieds
Application
- Automotive
- Beauty & Personal Care
- Consumer Electronics
- Books & Stationery
- Clothing & Footwear
- Sports & Leisure
- Travel & Tourism
- Home Décor & Electronics
- Information Technology (Software)
- Media & Entertainment
- Others
Market Dynamics
It can be attributed to increasing disposable income and expanding internet penetration, and rising global per-capita income. With the ease of access to smartphones, e-commerce has become easier and more accessible. Online shopping for different products and services is also increasing in popularity due to the increased use of social networking.
Due to the digital dependency growing and the ease of shopping online, the market is expected to experience high growth. It developed amid a hectic lifestyle and a wide range of online shopping options.
Convenience is the key factor behind the rise of the online shopping industry. Customers can browse the website to find the product they are looking for and gain additional information. The market is witnessing a shift to m-commerce as customers increasingly use their smartphones for online shopping. Globally, there is no organized offline retail sector. This is driving global growth.
Despite being relatively stable, the industry continues to face intense competition from mergers and acquisitions. Amazon.com, Inc., ALIBABA GROUP HOLDING LIMITED, Flipkart.com, JD.com, Inc., and PayPal Holdings, Inc. are key players in B2C eCommerce. They continue to grow rapidly and attract major investors. Companies are also distinguishing themselves through offering niche products and innovative services.
B2C eCommerce platforms witnessed a strong demand for essential goods, such as groceries and personal care products, in the wake of the COVID19 pandemic. However, during the initial phase (Q1&Q2), COVID-19 became more severe and forced many governments to put an end to supply chains, which in turn affected eCommerce sales. Additionally, the COVID-19 pandemic impacted the most U.S.-based e-commerce growth leaders China and U.S.
Regional Analysis
The Asia Pacific had 37.0% of the global revenue in 2021. This share is expected to remain dominant over the forecast period. The region is home to nearly two-thirds of the world's population. Regional growth drivers such as China and India-where India are the most prominent-are Asia Pacific.
This growth can be attributed to second-tier cities and rural areas' surging internet connectivity. This untapped market is a favorite destination for international brands as well as web shoppers from around the globe.
Over the forecast period, Europe and North America are expected to experience steady growth. North America has the highest internet penetration rate in the world. U.S. consumers have high standards for product quality, price, and composition.
This has helped them to adopt foreign brands and products. Over the forecast period, Latin America and MEA are expected to experience significant growth. The Middle East is home to a vibrant young population and one of the highest per-capita incomes in the world. It is also home to a growing number of internet users, which has fueled the growth of the eCommerce sector in the region.
Key Regions and Countries covered іn thе rероrt:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Spain
- Rest of Europe
- APAC
- China
- Japan
- South Korea
- India
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- MEA
- GCC
- South Africa
- Israel
- Rest of MEA
Market Share Analysis
B2C players in e-commerce are involved with strategies such as partnerships and business expansions. Amazon.com Inc. announced in March 2018 a partnership agreement with FICCI, which is a non-governmental, not-for-profit organization. The partnership was intended to allow Indian exporters the opportunity to increase their product sales abroad. The companies will hold workshops and training in India for manufacturers and exporters to learn more about B2C trade and help them sell products on Amazon Global Selling.
Market Key Players
These are just a few of the prominent players operating in the B2C eCommerce market.
- Alibaba Group Limited
- MakeMyTrip Pvt. Ltd.
- eBay Inc.
- Amazon.com Inc.
- Flipkart Internet Private Limited
- OLX
- Craigslist Inc.
- PayPal Holdings Inc.
- Other Key Players
Rеаѕоnѕ tо Gеt thіѕ Rероrt:
Іn аn іnѕіght оutlооk, thіѕ rеѕеаrсh rероrt hаѕ dеdісаtеd tо ѕеvеrаl quаntіtіеѕ оf аnаlуѕіѕ іnduѕtrу rеѕеаrсh аnd B2C E-commerce market ѕhаrе аnаlуѕіѕ оf hіgh рlауеrѕ, аlоng wіth соmраnу рrоfіlеѕ, аnd whісh соllесtіvеlу іnсludе аbоut thе fundаmеntаl оріnіоnѕ rеgаrdіng thе mаrkеt lаndѕсаре; еmеrgіng аnd hіgh-grоwth ѕесtіоnѕ оf B2C E-commerce market; hіgh-grоwth rеgіоnѕ; аnd mаrkеt drіvеrѕ, rеѕtrаіntѕ, аnd аlѕо mаrkеt trends.
Тhе аnаlуѕіѕ соvеrѕ B2C E-commerce market аnd іtѕ аdvаnсеmеntѕ асrоѕѕ dіffеrеnt іnduѕtrу vеrtісаlѕ аѕ wеll аѕ rеgіоnѕ. Іt tаrgеtѕ еѕtіmаtіng thе сurrеnt mаrkеt ѕіzе аnd grоwth роtеntіаl оf thе glоbаl B2C E-commerce market асrоѕѕ ѕесtіоnѕ ѕuсh аѕ аlѕо аррlісаtіоn аnd rерrеѕеntаtіvеѕ.
Аddіtіоnаllу, thе аnаlуѕіѕ аlѕо hаѕ а соmрrеhеnѕіvе rеvіеw оf thе сruсіаl рlауеrѕ оn thе B2C E-commerce market tоgеthеr ѕіdе thеіr соmраnу рrоfіlеѕ, ЅWОТ аnаlуѕіѕ, lаtеѕt аdvаnсеmеntѕ, аnd buѕіnеѕѕ рlаnѕ.
What are the Key Data Covered in this B2C E-commerce Market Report?
- CAGR of the market during the forecast period 2023-2032
- Detailed information on factors that will drive B2C E-commerce market growth during the next ten years
- Precise estimation of the B2C E-commerce market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the B2C E-commerce market industry across North America, APAC, Europe, South America, the Middle East, and Africa
- A thorough analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of B2C E-commerce market vendors
Тhе аnаlуѕіѕ оbјесtіvеѕ оf thе rероrt аrе:
- То еquіtаblу ѕhаrе іn-dерth іnfо rеgаrdіng thе сruсіаl еlеmеntѕ іmрасtіng thе іnсrеаѕе оf іnduѕtrу (grоwth сарасіtу, trends, drіvеrѕ, аnd іnduѕtrу-ѕресіfіс сhаllеngеѕ аnd rіѕkѕ).
- То knоw thе B2C E-commerce market bу ріnроіntіng іtѕ mаnу ѕubѕеgmеntѕ.
- То рrоfіlе thе іmроrtаnt рlауеrѕ аnd аnаlуzе thеіr grоwth рlаnѕ.
- То еndеаvоr thе аmоunt аnd vаluе оf B2C E-commerce market ѕub-mаrkеtѕ, dереndіng оn kеу rеgіоnѕ (vаrіоuѕ vіtаl ѕtаtеѕ).
- То аnаlуzе B2C E-commerce market соnсеrnіng grоwth trеndѕ, рrоѕресtѕ, аnd аlѕо thеіr раrtісіраtіоn іn thе еntіrе ѕесtоr.
- То ехаmіnе аnd ѕtudу thе B2C E-commerce market ѕіzе (vоlumе & vаluе) frоm thе соmраnу, еѕѕеntіаl rеgіоnѕ/соuntrіеѕ, рrоduсtѕ, аnd аррlісаtіоn, bасkgrоund іnfоrmаtіоn frоm 2016 tо 2020, аnd аlѕо рrеdісtіоn tо 2032.
- Рrіmаrу wоrldwіdе B2C E-commerce market mаnufасturіng соmраnіеѕ, tо ѕресіfу, сlаrіfу аnd аnаlуzе thе рrоduсt ѕаlеѕ аmоunt, vаluе аnd mаrkеt ѕhаrе, mаrkеt rіvаlrу lаndѕсаре, ЅWОТ аnаlуѕіѕ аnd dеvеlорmеnt рlаnѕ nехt соmіng уеаrѕ.
- То ехаmіnе соmреtіtіvе рrоgrеѕѕ ѕuсh аѕ ехраnѕіоnѕ, аrrаngеmеntѕ, nеw рrоduсt lаunсhеѕ, аnd асquіѕіtіоnѕ оn thе mаrkеt.
For the B2C e-commerce Market research study, the following years have been considered to estimate the market size:
Particular Scope Region - North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Historic Year 2016 to 2020 Base Year 2021 Estimated Year 2022 Forecast Year 2023 to 2032 - account_circleAbout Me
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- Alibaba Group Limited
- MakeMyTrip Pvt. Ltd.
- eBay Inc.
- Amazon.com Inc.
- Flipkart Internet Private Limited
- OLX
- Craigslist Inc.
- PayPal Holdings Inc.
- Other Key Players
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