C2C E-Commerce Market Scope
C2C E-Commerce stands consumer to consumer electronic commerce. It is the transaction through online mode between two end-users with an intention to purchase and sale of products and services. These transactions are operated through online marketplaces. C2C E-Commerce is very popular for the fashion industry among the millennial. The main benefit of C2C E-Commerce is the sellers and buyers are reachable without any effort and without taking much time. Also, it allows one customer to be a seller as well as a buyer by providing a social linking. However, the disadvantage of this is that it is not the safest place and is generally associated with fraud and deceit with always the danger of identity theft. Therefore, C2C E-Commerce is an emerging and quickly developing way of trading that simplifies the sell and buy transaction with a fact that it cannot be ignored even if it may be dangerous and create fraud.
The C2C E-Commerce market study is segmented by Type (Classified (Products, Services) and Auctions), by Application (Clothing and Footwear, Home Decoration, Industrial and Science, Sports and Leisure, Travel and Tourism, Beauty and Personal Care, Food and Consumer Electronics) and major geographies with country level break-up.
The leading companies in the market know the level of competition in the market regarding the C2C E-Commerce platforms. The organization to deliver high quality makes new acquisitions and collaborations with the other organizations. Also, companies are trying to increase the user experience by offering new opportunities. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global C2C E-Commerce market throughout the predicted period.
Amazon.com, Inc. (United States), Auctions.com (United States), Alibaba (China), Craigslist, Inc. (United States), uBid.com (United States), Airbnb, Inc. (United States, eBay Inc. (United States), Taobao.com (China), OLX, Inc. (Netherlands) and Quikr India Private Limited (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Poshmark (United States) and Depop (United Kingdom).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
AMA Research has segmented the market of Global C2C E-Commerce market by Type, Application and Region.
On the basis of geography, the market of C2C E-Commerce has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On 25 Feb 2021. OLX Group, a leading global network of trading platforms, has acquired Obidos, an innovative real estate platform connecting housing developers and clients in Poland. The transaction will allow OLX Group to develop its real estate offering, by reaching home seekers and developers in new and even more effective ways in the primary market. For Obidos, the deal offers new development opportunities as part of a global network.
On 13 August 2019, OLX, a global product, and Tech Company and India’s classifieds business, has announced that it has partnered with Cyber Peace Foundation, a civil society organization and think tank of cybersecurity. Under this partnership, Cyber Peace Foundation will conduct workshops with users on how to stay safe on the Internet, including on C2C platforms so that they can get the most from their Internet experience.
Market Trend
- The high popularity of online buying and selling among youth across the globe
- Increase in the popularity of online business in order to save capital expenditure
Market Drivers
- Significant increase in the use of smartphones and internet services across the world
- The increasing popularity of online payment systems
Opportunities
- Increase the online market in emerging countries
- Development of technology infrastructure in developing countries
Restraints
- Internet frauds and identity threats, absence of payment guarantees are rising
- C2C E-Commerce websites have no control over the quality of goods being sold
Challenges
- Reduce the online frauds, identity threats
- Formulation of standard guidelines regarding online transactions
Key Target Audience
Industrial Associations, Government Regulatory Bodies, Online Retailers, IT Firms and Research and Development Organizations