Global B2C E-commerce Market By Type, By Application, and by Region and Companies Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032.

B2C e-commerce Market Overview:

The B2C eCommerce Market size is expected to be worth around USD 10.9 trillion by 2032 from USD 3.86 trillion in 2021, growing at a CAGR of 9.9% during the forecast period of 2022 to 2032.

Global B2C E-commerce Market

Type Analysis

B2C retailers’ segment had a 99.4% revenue share in 2021, and it is expected that it will continue to dominate the forecast period. The forecast period will see retailers’ segments grow due to an increase in internet banking and mobile transactions.

In developing countries, urbanization has led to a westernized lifestyle. The result is that shopping habits are shifting from traditional to online platforms. This is due to major growth factors like globalization, strong logistics infrastructure, and high cross-border demand.

The classifieds segment is expected to grow at an 11.7% CAGR over the forecast period. This is due to an increase in mobile advertising and lower costs of online advertising. It includes multiple classified services, including those for real estate, matrimony, recruitment, automotive, as well as auto-related services.

Application Analysis

In 2021, the clothing and footwear sector accounted for a significant revenue share. It is expected that it will continue to dominate the forecast period. This is due to the huge expansion of the online clothing marketplace through which manufacturers and retailers market their goods. Online shopping is beneficial because it offers multiple payment options, goods options, home delivery, and easy returns. An online payment platform is also being considered an addition to the market growth.

The website interface is simple and user-friendly, which allows easy navigation of many product categories using the search system. This increases the consumer’s indulgence.

Apparel websites helped reduce rush at shops, increase the reach of retailers and allow the consumer to “shop from wherever” even if they have a busy work schedule. Door-step delivery, Virtual changing rooms, and return have also helped to eliminate transportation or travel hassle while the websites are available 24*7 for your shopping.

Over the forecast period, the consumer clothing and footwear segment is expected to grow at a substantial rate. This market growth rate can be attributed to increased internet usage and consumers’ growing interest in the latest electronics products and trends.

Customers have the ability to shop in real-time with the consumer electronics segment, thanks to AI and in-app AR. This makes it easier for them to make informed decisions. Social media advertising, same-day shipping, custom packaging, and other major factors are all attracting more customers.

Key Market Segments

Type

• B2C Retailers
• footwear retailers
• online retailers
• Classifieds

Application

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

Market Dynamics

It can be attributed to increasing disposable income and expanding internet penetration, and rising global per-capita income. With the ease of access to smartphones, e-commerce has become easier and more accessible. Online shopping platforms for different products and services are also increasing in popularity due to the increased use of social networking.

Due to the digital dependency growing and the ease of shopping online, the market is expected to experience high growth. It developed amid a hectic lifestyle and a wide range of online shopping options.

The ease of e-commerce has encouraged the proliferation of technological advancements to understand the ongoing market trends and to foresee the market development and growth that has boosted the adoption of smartphones, which has allowed the e-commerce platforms to increase their reach across every corner of the world.

Convenience is the key factor behind the rise of the online shopping industry. Customers can browse the website to find the product they are looking for and gain additional information. The market is witnessing a shift to m-commerce as customers increasingly use their smartphones for online shopping. Globally, there is no organized offline retail sector. This is driving the global annual growth rate.

Despite being relatively stable, the industry continues to face intense competition from mergers and acquisitions. Amazon.com, Inc., ALIBABA GROUP HOLDING LIMITED, Flipkart.com, JD.com, Inc., and PayPal Holdings, Inc. are key players in B2C eCommerce. They continue to grow rapidly and attract major investors. Companies are also distinguishing themselves through offering niche products and innovative services.

B2C e-commerce platforms witnessed a strong demand for essential goods, such as groceries and personal care products, in the wake of the COVID-19 pandemic. However, during the initial phase (Q1&Q2), COVID-19 became more severe and forced many governments to put an end to supply chains, which in turn affected eCommerce sales. Additionally, the COVID-19 pandemic impacted the most U.S.-based e-commerce growth leaders China and U.S.

Regional Analysis

The Asia Pacific had 37.0% of the global revenue in 2021. This share is expected to remain dominant over the forecast period. The region is home to nearly two-thirds of the world’s population. Regional growth drivers such as China and India-where India are the most prominent-are Asia Pacific.

This growth can be attributed to second-tier cities and rural areas’ surging internet connectivity. This untapped market is a favorite destination for international brands as well as web shoppers from around the globe.

Over the forecast period, Europe and North America are expected to experience steady growth. North America has the highest internet penetration rate in the world. U.S. consumers have high standards for product quality, price, and composition.

This has helped them to adopt foreign brands and a huge variety of products. Over the forecast period, Latin America and MEA are expected to experience significant growth. The Middle East is home to a vibrant young population and one of the highest per-capita incomes in the world. It is also home to a growing number of internet users, which has fueled the growth of the eCommerce sector in the region.

Key Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
  • Latin America
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • North Africa
  • Israel
  • Rest of MEA

Market Share Analysis

B2C market players in e-commerce are involved with strategies such as partnerships and business expansions. Amazon.com Inc. announced in March 2018 a partnership agreement with FICCI, which is a non-governmental, not-for-profit organization.

The partnership was intended to allow Indian exporters the opportunity to increase their product sales abroad. The companies will hold workshops and training in India for manufacturers and exporters to learn more about B2C trade and help them sell products on Amazon Global Selling.

Market Key Players

These are just a few of the prominent players operating in the B2C eCommerce market.

• Alibaba Group Limited
• MakeMyTrip Pvt. Ltd.
• eBay Inc.
• Amazon.com Inc.
• Flipkart Internet Private Limited
• OLX
• Booking Holdings Inc.
• Rakuten Inc.
• Walmart Inc.
• ASOS eBay Inc.
• JD.com Inc.
• Craigslist Inc.
• PayPal Holdings Inc.
• Other major Players