B2C E-COMMERCE MARKET

B2C E-commerce Market registered a revenue of USD 5,321 billion in 2023 and is projected to reach USD 21,112 billion in 2031, growing at a very high CAGR of 18.8% during the forecast period from 2024-2031.

Major B2C E-Commerce Market Drivers

The factors driving the global B2C E-commerce market include:

• • Growing awareness among consumers for B2C E-commerce websites due to rising mobile internet penetration
  • Rising adoption of e-commerce websites across the globe

For instance, according to the GSMA Report in 2020, globally, more than 3.8 people use mobile internet that uses online platforms. Also, increasing population coupled with the growing E-commerce sale of consumer goods, clothes, etc., will increase the B2C E-commerce market demand. For instance, according to UNCTAD, in 2020, the global E-commerce market was valued at USD 26 Trillion, increasing rapidly. It created a massive demand for the growth of the B2C E-commerce market growth. Also, other significant factors driving the growth of the global B2C E-commerce market are increasing adoption of the developing technology infrastructure, globalization, telecommunication, improving supply chain network, and growing urban population along with an increasing number of interested global players in the regional operations.

Restraint in the B2C E-commerce Market

However, high competition and acquire highest share by some of the leading players along with antitrust government strict rules and regulations laws may hamper the global B2C E-commerce market.

Type – Segment Analysis

Based on the type, B2C retailers expected to grow at the fastest rate in the global B2C E-commerce market during the forecast period owing to increasing E-commerce sales in developing countries. Also, the payment in data worldwide e-commerce, excluding traveled, has been increased by more than 20% year over year in 2020. In the meanwhile, during the previous three quarters in 2020, e-commerce payments in India and Singapore have surged by more than 30% on average. The expansion of e-commerce continues to be impressive.

Application – Segment Analysis

Based on the Application, insect control is projected to capture the largest market share over the forecast period in the global B2C E-commerce market due to the rising sale of consumer electronics in the developing highest population countries like India, China, etc. For instance, according to the India Brand Equity Foundation Organization, in 2019, the global consumer electronics industry was valued at USD 2.1 Trillion due to an increase in adoption of the B2C e-commerce platforms.

Regional – Segment Analysis:

Based on the region, Asia Pacific region is expected to capture a significant market share in the global B2C E-commerce market in 2020 due to the rising adoption of B2C E-commerce among the growing population with surge in internet penetration. The changes in the climate along with agricultural intensification are also some factors propelling the market as a new way of life for customers. E-Commerce is becoming vital. Huge E-Commerce platforms have also exploded in the Chinese consumer sector, spawning behemoths such as Alibaba and Tencent. Taking another look at other Asia countries’ consumer goods, the E-Commerce market is still modest, and it is going to grow as foreign-affiliated enterprises buy tiny businesses to acquire market share.

Top Market Players

Various notable players operating in the market, includes Amazon.com, Inc., Alibaba Group Holding Limited, ASOS, eBay Inc., Flipkart.com, FirstCry.com, FARFETCH UK Limited, Mercado Libre SRL, Rakuten Group, Inc., Shopee., and among others.

Key Developments:

• • In 2018, Amazon.com, Inc. made a partnership with FICCI, a non-government, not-for-profit organization that enables Indian exporters to expand their product sales internationally.
  • In 2021, AWS launched Amazon Digital Suite for helping to digitalize small and medium businesses in India for purchase exclusively on Amazon.in and Amazon.in/business for both B2C and B2B customers.

Segments covered in the Report:

The Global B2C E-commerce Market has been segmented on the basis of Product Category and Regions. Based on the Product Category, the market is segmented into Automotive, Beauty & Personal Care, Consumer Electronics, Clothing & Footwear, Home Décor & Electronics, Sports & Leisure, Travel & Tourism, Media & Entertainment, Information Technology (Software), Others.

Market Segmentation

Global B2C E-commerce Market by Product Category

• • Automotive
  • Beauty & Personal Care
  • Consumer Electronics
  • Clothing & Footwear
  • Home Décor & Electronics
  • Sports & Leisure
  • Travel & Tourism
  • Media & Entertainment
  • Information Technology (Software)
  • Others

Global B2C E-commerce Market by Region

• • North America B2C E-commerce Market (Option 1: As a part of the free 25% customization)

    • By Product Category
    • US Market All-Up
    • Canada Market All-Up

  • Europe B2C E-commerce Market (Option 2: As a part of the free 25% customization)

    • By Product Category
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific B2C E-commerce Market (Option 3: As a part of the free 25% customization)

    • • By Product Category
      • China Market All-Up
      • India Market All-Up
      • Japan Market All-Up
      • Rest of APAC Market All-Up

  • RoW B2C E-commerce Market (Option 4: As a part of the free 25% customization)

    • By Product Category
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the B2C E-commerce (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)