Global Retail E-Commerce Market is valued approximately at USD 4250 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 9.4% over the forecast period 2020-2027.. Ability to engage with larger audience on geographic scale, reduced marketing expenses, automated checkout procedures which eliminate the use of personnel and increasing investments by big players are expected to fuel the demand. For Instance: in 2018, Walmart acquired Flipkart to expand customer base and its reach in the market, by keeping Flipkart separate from Walmart. Also, in June 2018, IKEA partnered with Lego, Sonos and Adidas for expansion of its product portfolio. However, concern regarding the collection and usage of personal data by online shopping sites impedes the growth of the market over the forecast period of 2020-2027. Also, increasing penetration of smartphones and spread of internet in small countries and towns is likely to increase the market growth during the forecast period.
The regional analysis of global Retail E-Commerce market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to secured internet connection, changing pattern of purchase and increasing consumer awareness. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as changing lifestyle and increase in use of mobile internet would create lucrative growth prospects for the Retail E-Commerce market across Asia-Pacific region.
Major market player included in this report are:
Alibaba Group Holding Ltd
Ebates Inc. dba Rakuten
Inter IKEA Systems B.V.
Otto (GmbH & Co KG)
The Kroger Co.
Albertsons Companies, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Apparels and Accessories
Personal and Beauty Care
Furniture and Household Decor
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year 2017, 2018
Base year 2019
Forecast period 2020 to 2027
Target Audience of the Global Retail E-Commerce Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers