Market Research Future (MRFR) has published a cooked research report on the "Global B2C eCommerce Market" that contains information from 2018 to 2032. The B2C eCommerce market is estimated to register a CAGR of 9.80% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global B2C eCommerce market— Alibaba Group Holding Limited, Amazon.com Inc., ASOS, eBay Inc., Flipkart Internet Private Limited, JD.com, Inc., MAKEMYTRIP PVT. LTD., OLX, PAYPAL, Inc., Craigslist, Inc.
Market Highlights
The global B2C eCommerce market is accounted to register a CAGR of 9.80% during the forecast period. It is estimated to reach USD 13489.18 billion by 2032.
The rising technological advancement is due to increased demand for retailers to provide a personalized experience for every consumer. Rising disposable income is another factor that drives the growth of the B2C eCommerce market. Online fraud, different tax systems, and less reliability are the factors that restrain market growth. Additionally, the rising penetration of internet services is anticipated to promote the growth of the global B2C eCommerce market.
Segment Analysis
The global B2C eCommerce market has been segmented based on type and application.
On the basis of type, the market is segmented into B2C retailers and classifieds. The B2C retailers segment was attributed to holding the largest market share in 2022 due to the rise in mobile transactions and internet banking.
Based on application, the global B2C eCommerce market has been segmented into automotive, beauty & personal care, books & stationery, consumer electronics, clothing & footwear, home décor & electronics, sports & leisure, media & entertainment, information technology, and others. The clothing & footwear segment was expected to hold the largest market share in 2022 due to the tremendous growth of the online clothing industry.
Regional Analysis
The global B2C eCommerce market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe B2C eCommerce market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The B2C eCommerce market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World B2C eCommerce market comprises of Middle East, Africa, and Latin America.
The largest market share for B2C eCommerce was maintained by the North American regional sector. This increase is attributed to several online platforms. Additional factors promoting market growth include increased investor investments, government support, and the viability of the technology in the area. The implementation of stringent rules, the growing disposable income, rising awareness regarding several online platforms, and the considerable presence of significant technology providers and major production companies all have an impact on the U.S. market.
Moreover, the Europe market has been persistently growing over the forecast period. Rising internet penetration proportions drive the demand for B2C eCommerce.
Additionally, due to the increasing emphasis placed on economic development and rising disposable income, Asia Pacific is anticipated to experience the quickest growth over the forecast period. The Asia Pacific market will benefit from a growing emphasis on technological advancement.
Furthermore, the rest of the world's B2C eCommerce market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's rising use of internet and smartphones. Government support, a rise in investor interest, and the viability of technology in the sector are all contributing factors to the expansion of the market.
Key Findings of the Study
- The global B2C eCommerce market is expected to reach USD 324.7 billion by 2032, at a CAGR of 9.80% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market due to the increasing emphasis placed on economic development.
- Based on application, the clothing & footwear segment was attributed to holding the largest market in 2022, with an approximate market share of X–X%.
- Alibaba Group Holding Limited, Amazon.com, Inc., ASOS, eBay Inc., Flipkart Internet Private Limited, JD.COM, Inc., MAKEMYTRIP PVT. LTD., OLX, PayPal, Inc., Craigslist, Inc.
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Companies Covered | 15 |
Pages | 128 |
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