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Global B2C E-commerce Market to Reach USD 6.40 Trillion by 2027, Aided by the Rapid Urbanisation

According to a new report by EMR titled, ‘Global B2C E-commerce Market Report and Forecast 2022-2027’, the global industry reached a value of about USD 3.7 trillion in 2021. The industry is expected to grow at a CAGR of about 9.8% in the forecast period of 2022-2027 to reach a value of around USD 6.40 trillion by 2027.

The increasing trend of digital media is proliferating the demand for the B2C e-commerce market. Rapid urbanisation, logistic infrastructure, and smart city projects are projected to support the growth of the e-commerce industry. Consumers are mostly attracted to online shopping because of its ease of use and convenience. Online merchants offer a variety of services, including home delivery, simple payment methods, and discounts. As a result, consumers prefer to buy fashion, style products, gadgets, groceries, and other items online. Also, these platforms provide a virtual and user-friendly interface and services that are available 24*7.  These key aspects are expected to increase the demand for e-commerce channels. The rising adoption of internet banking and mobile transactions are mainly spurring the market growth. The increasing trend of classified advertisements through mobile devices and low-cost services is expected to foster growth. The COVID-19 pandemic has impacted positively on e-commerce market since people are staying and working from home. Due to this, consumers are buying personal care, groceries, and other products from e-commerce platforms, thus driving the growth of the industry. Retailers are also utilising digital sales funnels using landing page optimisation, SEO, and email marketing for growing their sales, thus boosting the growth of the industry.

Leading players in the market are focusing on strategic mergers and acquisitions, product innovations, and partnerships to expand their business across the world. For example, in 2018, (NASDAQ: AMZN) has partnered with the Federation of Indian Chambers of Commerce & Industry (FICCI) to enhance the Indian export business across the international market.

Market Analysis by Type, Application, and Regions:

  • Based on type, the market is categorised into B2C retailers and classifieds.
  • The leading applications of the global B2C E-commerce industry are automotive, beauty and personal care, books and stationery, consumer electronics, clothing and footwear, home décor and electronics, sports and leisure, travel and tourism, media and entertainment, and information technology (software), among others.
  • The regional markets for B2C e-commerce include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The increasing disposable incomes and improved living standards of the consumers are contributing to the growth of the market.
  • The growing population, especially youth population, is further accelerating the growth of B2C e-commerce industry.
  • A rising number of smartphone users is also enabling the growth of the market.
  • Growing internet networks across the rural and urban areas are proliferating the growth of the market.
  • Governments in various regions are providing financial and regulatory support to boost the industry growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global B2C e-commerce market for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecasted (2022-2027) markets for the type, applications, and major regions of B2C e-commerce.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global B2C e-commerce industry include Alibaba Group Holding Limited, Inc., eBay Inc., Flipkart Group, and Myntra, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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