Business-to-Consumer (B2C) E-commerce Market Report Up to 2031
Business-to-Consumer (B2C) e-commerce is the online sale of a product & service from a business to an end-consumer. It offers ab inside the store product lines, provide an instant payment options, and real-time product awareness in the market. Moreover, B2C customers usually make smaller orders & quicker buying decisions on the B2B e-commerce platforms. In addition, B2C e-commerce involves transaction through a company website featured with online catalog via e-commerce platforms.
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Factors such as major benefits offered by e-commerce platform and surge in adoption of online channel for purchases are driving the market growth. On the contrary, rapid growth in digital dependency & convenience of online shopping and untapped potential in emerging economies are some of the major factors expected to create an immense opportunity to the market in the upcoming years.
COVID-19 Impact on B2C E-commerce Market
In the wake of COVID-19 pandemic which has affected several industrial verticals globally. The B2C e-commerce market has a significant growth during COVID-19 health crisis. As to maintain physical distancing and lower usage of cash, consumers have switched towards online purchases & payments. Therefore, this increased digitalized options are boosting the growth of B2C e-commerce platforms in the market.
Major benefits offered by e-commerce platforms.
Benefits such as faster buying process, product & price comparison, reduced returns of products, effective purchasing decision ability, among others are propelling the market growth. Therefore, with these major benefits & solutions for end consumers via B2C e-commerce platform is expected to maintain its dominance during the forecast period.
Surge in adoption of online channel for purchases.
Consumers in their day-to-day lives are experiencing advance technologies for executing payments and are continuing to adopt online e-commerce channels for shopping. Moreover, as coronavirus pandemic has accelerated the growth of adoption of smart phones & tablets, and other devices for conducting payments and therefore, increased adoption of online channels for purchases are driving the market growth.
Rapid growth in digital dependency & convenience of online shopping
With having huge access to online shopping via smartphones, easier availability of internet, consumers are heavily depending on online shopping. Therefore, continuing dependency on online shopping is expected to provide an immense opportunity to the market in the upcoming years.
Untapped potential in emerging economies
Rising awareness for online B2C e-commerce shopping platforms, growing disposable income, increasing demand for beauty & cosmetics, home goods & furniture, grocery shopping, and others in the emerging economies are expected to boost the growth of B2C e-commerce market in the coming years.
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How the B2C E-commerce Market report helps you
In summary, our 400+ page report provides you with the following knowledge:
Revenue forecasts to 2031 for B2C E-commerce market, with forecasts for Type and Application, each forecasted at a global and regional level- discover the industry’s prospects, finding the most lucrative places for investments and revenues Revenue forecasts to 2031 for 5 regional and 16 key national markets – See forecasts for the B2C E-commerce market in North America, Europe, Asia-Pacific and Rest of the World. Also forecasted is the market in the US, Canada, Argentina, Brazil, Germany, France, UK, Italy, Spain, China, India, Japan, and Australia among other prominent economies.
Some of the companies profiled in the report include ALIBABA GROUP HOLDING LIMITED, Aliexpress.com, Amazon.com, Inc., Craigslist, Inc., eBay Inc., Flipkart Internet Private Limited, JD.com, Inc., PayPal Holdings, Inc., Rakuten, Inc, and Walmart.
In December 2020, CEVA Logistics, which is a global logistics & supply chain company has signed a contract with one of the leading companies in the publishing sector, Mondadori Group. In addition, extending partnership with Mondadori Group for another five years and covers a wide range of activities, including warehouse management, transport, order picking for ecommerce and returns.
In November 2020, Tacton, which is a global leader in Smart Commerce solutions for manufacturers has announced a partnership with an e-commerce solution platform provider, Intershop. Moreover, Tacton CPQ will be selling highly customizable product portfolio through an unprecedented enterprise-grade customer portal by offering a 100% self-serve e-commerce experience.
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With our newly report title, you are less likely to fall behind in knowledge or miss out on opportunities. See how our work could benefit your research, analyses, and decisions. Visiongain’s study is for everybody needing commercial analyses for the B2C E-commerce Market and leading companies. You will find data, trends and predictions.
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Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.
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