Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Retail E-Commerce Market Size is Expected to Grow from USD 5849.09 Billion in 2023 to USD 17392.05 Billion by 2033, at a CAGR 11.51% during the forecast period 2023-2033.
Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Retail E-Commerce Market Size, Share, and COVID-19 Impact Analysis, By Product (Groceries, Apparels and Accessories, Footwear, Personal and Beauty Care, Furniture and Home Decor, Electronic Goods, and Others), By Model (Business to Business (B2B), Business to Consumer (B2C), and Consumer to Consumer (C2C)), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
Retail e-commerce is an online sale of goods and services, which is a specific type of retail. E-commerce refers to the buying and selling of goods and services over an electronic network, which is mostly the Internet. There are many factors that have contributed to the growth of the retail e-commerce market. One of the main factors contributing to this growth is the digital transformation of the retail industry. The adoption of mobile devices is also on the rise, which really accelerates the growth of e-commerce. It is also important to have improved logistics and delivery systems to enhance the e-commerce experience. Payments innovations, such as safe payment gateways and multiple payment options, further facilitate online transactions. Personalization has emerged as an important aspect of e-commerce, helping to make shopping experiences more personalized according to individual preferences. Trust and security are also very important factors that affect consumer confidence in online shopping. However, there are major challenges that may limit the retail e-commerce market. These include consumer distrust due to online fraud, lack of physical contact with products, complicated logistics and delivery problems, lack of internet in some regions, strict regulations on international e-commerce, and data privacy issues, among others. All these factors can hamper consumer confidence and adoption of online shopping.
The apparels and accessories segment is predicted to hold the largest market share through the forecast period.
Based on the product, the retail e-commerce market is classified into groceries, apparels and accessories, footwear, personal and beauty care, furniture and home decor, electronic goods, and others. Among these, the apparels and accessories segment is predicted to hold the largest market share through the forecast period. The fashion industry is experiencing significant growth due to a combination of factors, including rising consumer demand for trendy items, increased convenience in online shopping, and the influence of social media on purchasing behaviours. As consumers seek to express their individuality and stay updated with the latest trends, brands are expanding their offerings to enhance product variety and availability. The resilience of this segment is further supported by continuous innovations in e-commerce platforms and marketing strategies that effectively target fashion-conscious consumers.
The business to business (B2B) segment is anticipated to hold the highest market share during the projected timeframe.
Based on the model, the retail e-commerce market is divided into business to business (B2B), business to consumer (B2C), and consumer to consumer (C2C). Among these, the business to business (B2B) segment is anticipated to hold the highest market share during the projected timeframe, In the B2B sector, there is an increasing reliance on digital platforms for procurement and supply chain management. Businesses are seeking greater efficiency, cost reduction, and improved collaboration, leading to a rise in the adoption of e-commerce solutions tailored for B2B transactions. This segment is characterized by larger transaction volumes and longer-term contracts, contributing to its substantial market presence. Furthermore, technological advancements, such as automation and data analytics, are enhancing the B2B buying experience and fostering growth.
North America is estimated to hold the largest share of the retail e-commerce market over the forecast period.
North America is estimated to hold the largest share of the retail e-commerce market over the forecast period, In North America, the e-commerce market thrives primarily due to its advanced technological infrastructure, high internet penetration, and a strong consumer base that favors online shopping. The region benefits from a mature e-commerce ecosystem, featuring a wide range of retailers, efficient logistics, and a growing preference for convenience-driven shopping experiences. Additionally, the increasing adoption of mobile commerce and personalized marketing strategies is expected to bolster online sales, reinforcing North America’s dominant position in the retail e-commerce landscape.
Europe is expected to grow the fastest during the forecast period, In Europe, the growth of the e-commerce sector is driven by a surge in online shopping adoption across various demographics, coupled with an expanding digital infrastructure. Factors such as the rise of mobile commerce, enhanced payment solutions, and a growing emphasis on sustainability are driving this growth. Moreover, European consumers are increasingly seeking diverse product offerings and competitive pricing, which prompts retailers to optimize their online presence. This dynamic environment, along with favourable regulatory frameworks and increased investment in e-commerce technologies, positions Europe as a rapidly evolving market in the retail sector.
Company Profiling
Major key players in the retail e-commerce market includes Etsy, Inc., E Bay Inc., Dba Rakuten, Wayfair Inc., Amazon. com Inc., ALIBABA GROUP HOLDING LIMITED, Otto GmbH & Co KG., The Kroger Co., Coupang Corp, Walmart Inc., and others.
Recent Developments
Key Target Audience
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the retail e-commerce market based on the below-mentioned segments:
Global Retail E-Commerce Market, By Distribution Channel
Global Retail E-Commerce Market, By Model
Global Retail E-Commerce Market, By Regional Analysis
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