B2C E-commerce Market Definition
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.
The market study is broken down by Type (B2C Retailers and Classifieds), by Application (Automotive, Beauty & Personal Care, Books & Stationery, Consumer Electronics, Clothing & Footwear, Home Décor & Electronics, Sports & Leisure, Travel & Tourism, Media & Entertainment, Information Technology (Software) and Others) and major geographies with country level splits. According to AMA, the Global B2C E-commerce market is expected to see growth rate of 7.9%
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global B2C E-commerce market throughout the predicted period.
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) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are JD.com (China).
AdvanceMarketAnalytics has segmented the market of Global B2C E-commerce market by Type, Application and Region.
On the basis of geography, the market of B2C 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). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Brand Type, the sub-segment i.e. Single Brand will boost the B2C E-commerce market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product , the sub-segment i.e. Electronics will boost the B2C E-commerce market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
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.
- The B2C e-commerce market has outperformed local manufacturers
- The increasing use of social networks is further aggravating the demand for online purchasing of various products and services.
- The transparent deals before and after buying as well as rapid urbanization
- The growing demand due to flexibility in buying products and cheap prices due to direct contact between sellers and buyers
- The increase in penetration of internet services in untapped regions
- The growing digital dependency and convenience of shopping on online platforms
- The increasing issues of online fraud attacks
- The growing concern regarding less reliability, and different tax system
Key Target AudienceB2C E-commerce Providers, Government Regulatory Bodies, Private Research Organization, Government Research Organization and Others
About ApproachThe 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.
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