Industry Background:
The global B2C E-commerce market is expected to witness a surge in demand, owing to the rising disposable income, global per capita income, and expanding internet penetration. B2C e-commerce refers to the online platform for providing services and products to the consumer directly from the business owners. At present, e-commerce is common, owing to its wide range in households globally. The Digital revolution has helped the B2C services to become an intrinsic part of the everyday lives of people globally. Global e-commerce sales grew 13% in 2017, hitting an estimated USD 29 trillion, according to the latest numbers released today by UNCTAD. A similar surge was seen in the number of online shoppers, which jumped by 12% and stood at 1.3 billion people, or one-quarter of the world’s population. Convenience as well as The increase in shipping and distribution organizations is the major factor driving the growth of the overall online shopping industry.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | ALIBABA GROUP HOLDING LIMITED (China), Amazon.com, Inc. (United States), eBay. Inc. (United States), ASOS (United Kingdom), Flipkart Internet Private Limited (India), macys.com (United States), Walmart Stores, Inc. (United States), Apple Inc. (United States), priceline.com LLC. (United States), Rakuten, Inc. (Japan) and Otto Group (Germany) |
According to AMA, the market for B2C E-commerce is expected to register a CAGR of 7.9% during the forecast period to 2028. This growth is primarily driven by The transparent deals before and after buying as well as rapid urbanization and The growing demand due to flexibility in buying products and cheap prices due to direct contact between sellers and buyers.
Globally, a noticeable market trend is evident The B2C e-commerce market has outperformed local manufacturers
The Business Services sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as ALIBABA GROUP HOLDING LIMITED (China), Amazon.com, Inc. (United States), eBay. Inc. (United States), ASOS (United Kingdom), Flipkart Internet Private Limited (India), macys.com (United States), Walmart Stores, Inc. (United States), Apple Inc. (United States), priceline.com LLC. (United States), Rakuten, Inc. (Japan) and Otto Group (Germany), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 20th May 2020, Flipkart, India’s homegrown e-commerce marketplace, and Bajaj Allianz General Insurance Company, India’s leading private general insurer have come together to offer digital motor insurance policy to Flipkart customers. In these times of lockdown, vehicle-owners constantly worry about their vehicle health and functionality. and May 19, 2020: To facilitate the delivery of essentials at consumers' doorstep in the fastest & safest manner possible, Flipkart, India's homegrown e-commerce marketplace has announced its partnership with the modern retail store chain Vishal Mega Mart.
Influencing Trend:
The B2C e-commerce market has outperformed local manufacturers and The increasing use of social networks is further aggravating the demand for online purchasing of various products and services.
Market Growth Drivers:
The transparent deals before and after buying as well as rapid urbanization and The growing demand due to flexibility in buying products and cheap prices due to direct contact between sellers and buyers
Challenges:
The growing concern regarding less reliability, and different tax system
Restraints:
The increasing issues of online fraud attacks
Opportunities:
The increase in penetration of internet services in untapped regions and The growing digital dependency and convenience of shopping on online platforms
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in B2C E-commerce Market
- Analysis about New Entrants in B2C E-commerce Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, B2C E-commerce Study Sheds Light on
The B2C E-commerce Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the B2C E-commerce industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where B2C E-commerce industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.