North-America e-commerce Retail Market 2021-2027

North America E-commerce Retail Market Size, Share & Trends Analysis Report by Product Type (Electronics, Grocery, Fashion, Home Decor, Healthcare, Automobile, Sports, Beauty and Personal Care, Kitchenware, and Other), By End User (Business to Business, Business to Customer, and Customer to Customer) Forecast Period (2021-2027).

The North American e-commerce retail market is anticipated to grow at a substantial CAGR of 11.7% during the forecast period. The triangular continent, North America, gives strength to the global economy besides having only 5% of the global population. The e-commerce retail market is one of them which is enjoying huge growth in the North American region. According to an estimate of the US Census Bureau, the total sales of e-commerce retail in North America increased by 7.8% in the first quarter of 2021 as compared with the first quarter of 2020 and reached $1,581.4 billion. The discounted rates of products are attracting customers to choose them over in-store purchases. Amazon occupies the major market share, although its share has been reduced recently due to increased direct brand sales. The fashion product sales contribute more to the market which includes apparel and footwear.

The North American e-commerce retail market is segmented based on product type, and end-user. Based on the product type, the market is segmented into electronics, grocery, fashion, home decor, healthcare, automobile, sports, beauty and personal care, kitchenware, and others. Apart from this, by the end-user, the market is segmented into business to business, business to customer, and customer to customer.

Geographically North America e-commerce retail market is further segmented into the United States, Canada, Mexico, and rest of the North America. The US contributes the highest to the growth of the e-commerce retail market and also creates significant opportunities for e-commerce retail market players followed by Mexico. The US has a significant infrastructure coupled with rising smartphone users and increasing online stores and other online shopping destinations. The US and Canada provide opportunities to the e-commerce retail companies for growth and expansion. Canadian e-commerce retail market is the second-largest market in the region with well-developed infrastructure and road connectivity.

The major companies serving the North American e-commerce market include Apple Inc., Amazon.com Inc., Best Buy Co. Inc., eBay Inc., Home Depot Product Authority Inc., Wal-Mart Stores Inc., Nike Inc., Shop.com, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. These market players are focused on providing more payment options such as PayPal, Alipay, Debit cards, Credit cards, and so on; still, payment through credit card was the most preferred method during COVID-19 lockdown. FedEx and DHL are the major shipping service provider to these market players.

Research Methodology

The market study of the North America e-commerce retail market is incorporated by extensive primary and secondary research.  Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. North America E-commerce Retail Market Research and Analysis by Product Type
2. North America E-commerce Retail Market Research and Analysis by End-user

The Report Covers

• Comprehensive Research Methodology of the North America e-commerce retail market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the North America e-commerce retail market.
• Insights about market determinants that are stimulating the North America e-commerce retail market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.