Press release
Latin America e-commerce Retail Market Growth, Size, Share and Forecast 2018-2023
The Latin America e-commerce retail market is expected to grow significantly during the forecast period (2018-2023). There are many factors that motivate the e-commerce retailers in the market such as over rising internet users, cost efficiency, growing online sales and so forth. Large number of internet users makes it easy for e-commerce retail market players to reach target customers. It provides opportunities to the e-commerce market companies since online sales are increasing. The direct channel of distribution enables the e-commerce companies to cut cost compared to local retailor which results in increasing sales. Rising exclusive launch of the products and promotion through online stores such as Amazon, Flipkart and Snapdeal boosts online sales across the globe. The e-commerce companies have significant consumer base to serve, that allows the market players to purchase the goods in bulk quantity to provide cost effective products to customers from across the globe. It also helps the e-commerce companies to increase their profit margin on goods even after passing the price benefit to the customers.A full report of Latin America e-commerce Retail Market is available at: https://www.omrglobal.com/industry-reports/latin-america-e-commerce-retail-market
However, high cost for logistics, shortage of payment options, inefficient road connectivity and cost for reverse logistics may hamper the e-commerce retail market. Latin America lacks quality road connectivity which restricts the e-commerce companies to cover large part of Latin America. Furthermore, most of the logistics companies charge high for shipping and lacks tracking facilities. The region also lacks in providing different payment options as large number of people still does not have access to proper banking system. The reverse logistics issues also affect the growth of e-commerce retail market. Brazil has the largest e-commerce retail share in the Latin America region and has around 50% of the internet users that provides large target market to the e-commerce companies in the region. Around 40% of the Mexican populations have internet access followed by Argentina.
To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/latin-america-e-commerce-retail-market
The Latin America e-commerce market players contributing into the market growth includes Amazon.com Inc., B2W Digital, WalMart Inc., Shoptime, MercadoLibre, Inc., Pontofrio, Fast Shop, Cnova N.V. and Lojas Americanas. E-commerce companies are currently focusing on improving the payment options in the region. As cash payment is still the primary method for payment in majority of the countries. Companies are focusing to improve payment option for customers by providing various online and digitalized payment gateways.
Latin America e-commerce Retail Market- Segmentation
By End Users
• Business to Consumer
• Business to Business
• Customer to Customer
By Products
• Electronics
• Fashion
• Books And Magazines
• Home Decor
• Healthcare
• Automobile
• Sports
• Beauty and Personal Care
• Kitchenware
• Others
By Device Used
• Smartphone
• Tablets
• Personal Computer
For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/latin-america-e-commerce-retail-market
Latin America e-commerce Retail Market– Segment by Region
North America
• United States
• Canada
Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
• Middle East & Africa
• Latin America
Company Profiles
• SUBMARINO
• AMAZON.COM, INCORPORATION
• LOJAS AMERICANAS
• ALIBABA GROUP HOLDING LIMITED
• MERCADO LIVRE
• CASAS BAHIA
• PONTO FRIO
• EXTRA.COM
• SHOPTIME
• FAST SHOP
• ELBAZAR
• BOLETIA
• SAINTPAGO.COM
• B2W DIGITAL
• WAL-MART
• CNOVA N.V
• APPLE INCORPORATION
• DHL EXPRESS
• FEDEX CORPORATION
• TROQUER
• BONPRIX
• (MUDANZA) TRAMUSA
• LINIO
• YOOX NET-A-PORTER GROUP S.P.A
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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