Global B2C E-commerce Market
The GMI Research forecasts that the B2C E-commerce Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the mounting disposable income and expanding internet penetration.
Introduction of the B2C E-commerce Market
B2C e-commerce defines a commercial exchange between a business and an end customer or business-to-market transactions. The term is mainly applied to describe the method of direct marketing goods to customers, including mall shopping, infomercials, pay-per-view, or eating out at restaurants.
Key Players of the Global B2C E-commerce Market:
- eBay Inc.
- MakeMytrip Pvt.Ltd.
- Craigslist, Inc
- ALIBABA GROUP HOLDING LIMITED
- Flipkart Internet Private Limited
- com, Inc.
- ASOS
- PayPal Holdings, Inc.
- OLX
B2C E-commerce Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The augmenting adoption of e-commerce websites, rapid urbanization, and globalization are some of the prominent drivers responsible for the growth of the global B2C E-commerce market. In addition, the mounting population along with the aggravating commerce sales of consumer goods and clothes via this platform and the enhancing supply chain network are strengthening the market size. In accordance with the UNCTAD, in 2020, the market was evaluated at USD 26 Trillion, rising rapidly. Furthermore, the growing consciousness among these websites due to the accelerating penetration of the internet has strengthened the B2C E-commerce market size. According to the GSMA Report, in 2020, over 3.8 people use mobile internet using online platforms. However, excessive competition and the large share by key players, along with rigorous rules and regulations laws by the government, will hinder the market growth.
Type Segment Drivers
Based on the type, B2C retailers are expected to expand faster during the forecast period. This is because of the amplifying sales in emerging countries. Also, the payment in data worldwide e-commerce, excluding traveled, has been increased by more than 20% year over year in 2020. In the meanwhile, during the previous three quarters in 2020, e-commerce payments in India and Singapore have surged by more than 30% on average. The expansion of e-commerce continues to be impressive.
Application Segment Drivers
Based on the Application, insect control is forecasted to dominate the market growth over the coming years due to the aggravating sales of consumer electronics in developing countries like India and China. As per the India Brand Equity Foundation Organization, in 2019, the global consumer electronics industry was estimated at USD 2.1 Trillion.
Regional Drivers
Based on the regional coverage, Asia Pacific is contemplated to account for a significant share. This is due to the growing endorsement of this platform owing to the amplifying population with increasing internet penetration. The changing climatic conditions and the agricultural intensification will propel the market size. The E-Commerce platforms have also entered the Chinese consumer sector, spawning behemoths such as Alibaba and Tencent. Furthermore, the growing procurement of tiny businesses by foreign-affiliated enterprises will supplement the B2C E-commerce market share.
B2C E-commerce Market Segmentation:
Segmentation by Type
- Classifieds
- B2C Retailers
Segmentation by Application
- Media & Entertainment
- Clothing & Footwear
- Books & Stationery
- Consumer Electronics
- Sports & Leisure
- Travel & Tourism
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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