B2C E-commerce Market Size, Top Companies Share, Industry Trends, Growth Analysis, Demand and Report 2022-2027

According to the latest report by IMARC Group, titled "B2C E-commerce Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global B2C e-commerce market reached a value of US$ 4.1 Trillion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.8 Trillion by 2027, exhibiting a CAGR of 9.02% during 2022-2027. Business-to-consumer (B2C) e-commerce refers to a business model that involves selling products and services from businesses to customers directly over the internet. Some of the common types of B2C e-commerce businesses include direct sellers, online intermediaries and advertisement-, fee- and community-based. In comparison to the traditional business model, this method reaches more customers by eliminating geographical boundaries, gaining new customers with search engine visibility, offering a comparison-based shopping experience, and creating markets for niche products. Its utilization also provides abundant information regarding the product and service and enables deals, bargains, coupons, and group buying while reducing overhead costs.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally-our estimates about the latest market trends and forecast values after considering the impact of this pandemic.

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Global B2C E-commerce Market Trends:

The global market is primarily driven by the penetration of high-speed internet connectivity. This is further supported by rapid digitization, the increasing adoption of smartphones and the inflating disposable income levels of the masses. Along with this, the rising preference for online shopping due to the enhanced convenience offered by online platforms and the shifting lifestyle preferences of individuals is creating a positive market outlook. Since B2C e-commerce offers seamless purchase and returns options and easy availability of a wide range of product variants, this is providing a boost to the market growth. In addition to this, several leading players are heavily investing in providing monetary benefits to customers in the form of referrals, discount coupons, giveaways and contests, and loyalty points, which are gaining widespread prominence among the masses. Furthermore, the lockdown restrictions implemented on account of the rapid outbreak of coronavirus disease (COVID-19) have impacted the market favorably. Other factors, including rapid urbanization and continuous improvements across the supply chain distribution channels, are also positively influencing the market.

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Global B2C E-commerce Market 2022-2027 Analysis and Segmentation:

Competitive Landscape with Key Players:

• Alibaba Group Holding Limited
• Amazon.com Inc.
• ASOS plc
• Booking Holdings Inc.
• eBay Inc.
• JD.com Inc.
• Macy's Inc.
• Makemytrip Limited
• Otto GmbH & Co KG
• Rakuten Inc.
• Walmart Inc.

Breakup by Type:

• B2C Retailers
• Classifieds

Breakup by Application:

• Automotive
• Beauty and Personal Care
• Consumer Electronics
• Clothing and Footwear
• Books and Stationery
• Home Decor and Electronics
• Travel and Tourism
• Others

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.