Press release
B2C e-commerce Market expected to grow at CAGR of +7% During 2023-2032 | Alibaba Group Holding Limited, Amazon.com Inc., ASOS plc, Booking Holdings Inc., eBay Inc., JD.com Inc.
The widespread availability of high-speed internet and the growing use of smartphones have revolutionized internet accessibility, enabling consumers to browse and shop online from anywhere at any time. This has led to a surge in online purchasing activity across various sectors. Mobile applications have emerged as a dominant platform for business-to-consumer (B2C) e-commerce, offering users a convenient and seamless shopping experience on-the-go. The integration of social media platforms with e-commerce has further fueled market growth, allowing users not only to communicate but also to discover and purchase products directly through social media channels. The rise of influencer culture has also played a significant role in driving market expansion, with individuals with large internet followings endorsing products and influencing consumer purchase decisions.The global B2C e-commerce market size reached US$ 4.8 Trillion in 2023. Looking forward, IMARC Group expects the market to reach US$ 9.0 Trillion by 2032, exhibiting a growth rate (CAGR) of 7% during 2024-2032.
Some of the Major Key players profiled in the study are 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., Flipkart.com, FirstCry.com, FARFETCH UK Limited, Jumia, MercadoLibre SRL, Rakuten Group, Inc., Rappi Inc., Shopee, Walmart, Zalando
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The B2C e-commerce market is currently in a moderate growth stage, with momentum picking up. Competition is fierce, as global e-commerce giants, professional systems, and traditional merchants vie for market share and consumer attention. Rapid expansion is driven by factors such as increasing internet penetration, smartphone usage, and digital literacy worldwide. Strong B2C e-commerce penetration is observed in regions like North America, Europe, and Asia-Pacific, where online shopping is prevalent among a significant portion of the population. The development of these markets is supported by robust infrastructure, reliable digital payment methods, and widespread internet access. Market growth is further propelled by the proliferation of e-commerce platforms, marketplaces, and online retailers offering diverse product categories, competitive pricing, and value-added services, attracting a broad customer base.
Various factors are responsible for the market's growth trajectory, which are studied at length in the report. In addition, the report lists down the restraints that are posing threat to the global B2C e-commerce market. This report is a consolidation of primary and secondary research, which provides market size, share, dynamics, and forecast for various segments and sub-segments considering the macro and micro environmental factors. It also gauges the bargaining power of suppliers and buyers, threat from new entrants and product substitutes, and the degree of competition prevailing in the market.
Global B2C e-commerce Market Segmentation:
Market Segmentation: By Type
• B2C Retailers
• Classifieds
Market Segmentation: By Application
• Automotive
• Beauty and Personal Care
• Consumer Electronics
• Clothing and Footwear
• Books and Stationery
• Home Decor and Electronics
• Travel and Tourism
• Others
Key market aspects are illuminated in the report:
Executive Summary: Provides a concise overview of key findings, including the growth rate of the Global B2C e-commerce market, current market conditions, trends, drivers, challenges, and macroeconomic indicators.
Study Analysis: Examines prominent companies, essential market segments, product offerings in the Global B2C e-commerce market, study duration, and focal points.
Company Profile: Profiles each company featured in this section, evaluating their products, value proposition, SWOT analysis, capabilities, and other significant attributes.
Manufacture by region: Offers insights into imports and exports, sales, production, and key companies operating in all examined regional markets within the Global B2C e-commerce industry.
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One of the latest advancements in this regard is the Internet of Things (IoT), which enables interconnected devices to communicate over the internet, facilitating more efficient operations for retailers and e-commerce businesses. This innovative technology has revolutionized the online shopping experience, introducing IoT devices such as smart mirrors for virtual garment try-ons and Amazon dash buttons for seamless product restocking. The growing adoption of IoT in B2C e-commerce offers numerous advantages over traditional models, including improved management of distribution networks, inventory, warehouses, and overall customer experience.
Highlighting points of Global B2C e-commerce Market Report:
The B2C e-commerce global market report provides an exhaustive qualitative and quantitative analysis that will provide insight into the industry.
This B2C e-commerce market insight includes data from significant participants such as marketers, industry experts, and investors.
The B2C e-commerce market report's objective is to provide an exhaustive perspective from all stakeholders for young marketers and entrepreneurs.
Trends and drivers are discussed in the B2C e-commerce Market Report
The global B2C e-commerce market report delivers an overview of the global competitive environment.
It provides details about the market, its share, and revenue.
The B2C e-commerce Market research study recognizes the major growth regions, with the Asia Pacific leading during the forecast period.
Table of Contents
Global B2C e-commerce Market Research Report 2023 - 2030
Chapter 1 B2C e-commerce Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global B2C e-commerce Market Forecast
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About Research Cognizance:
Research Cognizance is an India-based market research Company, registered in Pune. Research Cognizance aims to provide meticulously researched insights into the market. We offer high-quality consulting services to our clients and help them understand prevailing market opportunities. Our database presents ample statistics and thoroughly analyzed explanations at an affordable price.
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