DUBLIN--(BUSINESS WIRE)--The "Global E-Commerce (Online Shopping) Market: Insights & Forecast with Potential Impact of COVID-19 (2020-2024)" report has been added to ResearchAndMarkets.com's offering.
The global e-commerce market is expected to reach US$6.07 trillion in 2024, growing at a CAGR of 11.34%, for the period 2020-2024.
Factors such as growth in third-party logistics, rise in use of mobile wallets, high preference of online shopping among millennials, increasing number of smartphone users, rapid urbanization, upsurge in disposable income and rising usage of the internet would drive the growth of the market. However, the market growth would be challenged by trouble in choosing a right logistic partner, problem of customers' data security and various legal issues. A few notable trends may include, rising penetration of e-commerce, incorporation of augmented reality into e-commerce and expansion of online fashion industry.
The e-commerce industry has been evolving over years with the rising penetration of internet, which managed to attract a large pool of consumers towards online shopping. The infiltration of technology into consumers' lives has also made e-commerce highly preferable among them. Use of smartphones and social media platforms have brought customers to latest trends in terms of fashion, travel, dining, etc. which encouraged them to use online shopping frequently. Favourable changes in the consumers' mind sets towards online shopping have led to its increased adoption rates, which contributed to the e-commerce market globally.
The fastest regional market was Asia Pacific, with China as the dominant player. Rapid urbanization has led to the increased consumers' awareness about the online availability of a broad spectrum of products, which encouraged online shopping among them. North America and Europe have also contributed significantly to the global market, due to the strong logistic networks as well as customer base. Further, the outbreak of COVID-19 has shifted consumers' preferences towards online shopping due to the factor of social distancing, which is playing as a pivotal factor in the growth of the e-commerce market across the world.
- Alibaba Group
Scope of the report:
- The report provides a comprehensive analysis of the global e-commerce market.
- The major regional markets (Asia-Pacific, North America, Europe and ROW), along with the country coverage of China, Japan, South Korea, the U.S., the U.K., Germany, France, Spain and Italy have been analyzed.
- The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
- The competitive landscape of the market, along with the company profiles of leading players (Walmart, Amazon.com, JD.com, Alibaba Group, eBay and Zalando) are also presented in detail.
Key Topics Covered:
2. Impact of COVID-19
2.1 Upsurge in Retail E-commerce Website Traffic
2.2 Rise in Adoption of Internet of Thing (IoT)
2.3 Growth in Use of Social Media Platforms
2.4 Regional Impact
3. Global Market Analysis
3.1 Global E-Commerce Market by Value
3.2 Global E-Commerce Market Forecast by Value
3.3 Global E-Commerce Market by Product Type
3.3.1 Global Online Apparels & Accessories Market by Value
3.3.2 Global Online Apparels & Accessories Market Forecast by Value
3.3.3 Global Online Electronic Goods Market by Value
3.3.4 Global Online Electronic Goods Market Forecast by Value
3.3.5 Global Online Footwear Market by Value
3.3.6 Global Online Footwear Market Forecast by Value
3.3.7 Global Online Beauty & Personal Care Market by Value
3.3.8 Global Online Beauty & Personal Care Market Forecast by Value
3.3.9 Global Online Furniture & Home Decor Market by Value
3.3.10 Global Online Furniture & Home Decor Market Forecast by Value
3.3.11 Global Online Grocery Market by Value
3.3.12 Global Online Grocery Market Forecast by Value
3.4 Global E-Commerce Market by Region
4. Regional Market Analysis
4.1 Asia Pacific
4.2 North America
5. Market Dynamics
5.1 Growth Drivers
5.1.1 Growth in Third Party Logistics (3PLs)
5.1.2 Rise in Use of Mobile Wallets
5.1.3 High Preference of Online Shopping Among Millennials
5.1.4 Increasing Number of Smartphone Users
5.1.5 Rapid Urbanization
5.1.6 Upsurge in Disposable Income
5.1.7 Rising Usage of the Internet
5.2 Key Trends and Developments
5.2.1 Rising Penetration of E-Commerce
5.2.2 Incorporation of Augmented Reality (AR) in E-commerce
5.2.3 Expansion of Online Fashion Industry
5.2.4 Growth in Product Customization in E-retailing
5.2.5 Emergence of Omni-channel Shopping
5.3.1 Trouble in Choosing a Right Logistic Partner
5.3.2 Problem of Customers' Data Security
5.3.3 Various Legal Issues
6. Competitive Landscape
6.1 Global Market
6.1.1 Key Players - Revenue Comparison
6.1.2 Key Players - Product Development Expenditure Comparison
6.1.3 Key Players - Market Capitalization Comparison
7. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/tqaawv