France E-commerce Market Growing Massively by 2022-2026 Major Players: Amazon Services Europe S.a.r.l, Cdiscount S.A., eBay France SAS, La Redoute SA (Motier SAS)

Market Insights Reports has added new statistical data to its repository titled as, France E-commerce Market. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). Furthermore, the report also sheds light on technological platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries. The France E-commerce market report covers the post-COVID-19 impact on various regions and major countries and on the future development of the industry is pointed out.

The French e-commerce market was valued at USD 114.4 billion in 2020 and is expected to reach USD 203.57 billion by 2026, recording a CAGR of 10.04% over the forecast period from 2021 to 2026. 

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Top Key Players in the France E-commerce Market are Amazon Services Europe S.a.r.l, Cdiscount S.A., eBay France SAS, La Redoute SA (Motier SAS), PriceMinister SAS (Rakuten Group), Group Auchan SA, Groupe Fnac Darty, Vertbaudet SAS, Leroy Merlin SA, Carrefour S.A., and others.                                       

Industry News and Update:

- May 2020 - Amazon annouced to reopen its distribution centers in France after they were shut down more than a month ago due to a dispute with labor unions over the health and safety of workers. A labor union brought a court case complaining Amazon was not providing enough protection for its workers from contracting the coronavirus in its warehouses. The court ordered Amazon to limit itself to selling only "essential" goods in the country.

- April 2020 - Cdiscount announced the six months of free subscription without any cancellation fees for the new sellers who want to start selling on Cdiscount. To support the sellers in this situation, Cdiscount has also released to offer the Amount of April subscription to all the sellers who have switched their store to Vacation mode. Cdiscount will be the refunding amount of EUR 39.99 HT as a voucher during the next decade.

Key Market Trends:

Significant Growth in E-Commerce is Expected Due to the Outbreak of COVID-19

- The COVID-19 outbreak and the nationwide lockdown have massively affected the retail industry across the world, especially the brick and mortar model. However, e-commerce is one of the few sectors that have witnessed increased consumer interaction in many segments. And the same trend is also reflected in France. As non-essential shops have closed and nationwide lockdown orders were issued, it has forced many businesses in the country to adapt and respond quickly to the changing consumer priorities. As digital has become the new method in these circumstances, some segments of the French e-commerce sector witnessed significant growth.
- For instance, according to the US-based software company, Wedia, during March and April 2020, the internet traffic in France increased by 70% and the use of social networks increased by 61%, resulting in a boost in online conversions across online marketplaces and e-commerce websites, 18% of which have recorded a higher turnover. The country also witnessed 27% more traffic in the online market place, and the sites selling household goods saw 22% more traffic. The digital payment industry has also been witnessing a surge in the country, owing to the e-commerce growth due to COVID-19. Therefore, banks in many European countries have responded by raising the limit for contactless payments without a pin entry.
- Although France has eased its lockdown eases, the country is still witnessing an increase in infections, some for the first time in weeks. In April 2020, the President of France suggested that the Schengen area remain closed until September 2020. All these factors are expected to motivate the government to push consumers toward more online activities further, thereby fuelling the investments in the studied market. The France-based startup, Mirakl, has been working with e-commerce websites to help them build a marketplace with third-party sellers. In April 2020, the company developed a market called StopCOVID19.fr to centralize the supply and demand of essential products during COVID-19 crises. The French government has also been backing the project.
- The French organic food producer, Organic Alliance, has been investing increasingly to enhance its digital infrastructure and manage its way through the crisis, as the company has been witnessing a surge in demand from online channels. The company’s structure reacts to its commitment to accessibility and the development of an omnichannel offering. According to the company, the sector has witnessed the accelerated uptake of new digital solutions due to the COVID-19 crisis and subsequent national lockdowns.

Full Browse the report description and TOC:

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This France E-commerce Market report addresses:

– The Market size from 2016-2021

– Expected market growth until 2026

– Forecast of how market drivers, restraints, and future opportunities will affect

– Segment and regions that will drive or lead the market growth and why

– Comprehensive mapping of the competitive landscape

– In-depth analysis of key sustainability strategies adopted by market place.                              

Frequently Asked Questions about France E-commerce market:

– What are the recent developments and government policies?
– Why might we forecast a downturn in a particular economy next year?
– Why do we say the currency is set to appreciate?
– What countries and sectors offer the highest potential?
– Where are the greatest dangers?              

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides Global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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