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E-Commerce Global Market Report 2023

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    Report

  • 175 Pages
  • February 2023
  • Region: Global
  • The Business Research Company
  • ID: 5735260

Quick Summary:

In a rapidly evolving digital world, navigating the e-commerce market becomes increasingly critical for any business endeavor. With this comprehensive e-commerce market research report, senior executives can tap into invaluable insights that will guide strategic decision-making processes in a highly competitive industry. This report acquaints you with the ever-changing dynamics of the market, illuminating the future state of the industry.

You will discover a thorough analysis of the industry, shedding light on key trends, opportunities and challenges. The report extends an understanding of various models in e-commerce including B2B and B2C, as well as the different applications used across home appliances, clothing, footwear, books, cosmetics, baby goods and groceries, among other sectors. Additionally, the influence of rising internet penetration and smartphone usage on market growth is critically examined. Stay ahead in an industry impacted by stringent regulations, vertical restraints, and evolving government and company initiatives promoting e-commerce sales.

This comprehensive report, grounded in solid facts and extraordinary insight, is an essential tool for any business looking to strategically navigate the e-commerce market or seeking to enhance their existing e-commerce initiatives. Make informed decisions and equip your business for the future with this insightful report.

The global e-commerce market will grow from $2,837.76 billion in 2022 to $3,183.16 billion in 2023 at a compound annual growth rate (CAGR) of 12.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The e-commerce market is expected to grow to $4,902.06 billion in 2027 at a CAGR of 11.4%.

The e-commerce market consists of sales of merchandise such as apparel, electronics, furniture, books, cosmetics, and other products through online channels. This industry includes e-commerce and m-commerce companies that offer home delivery services. The sales transaction between the retailers and their customers is typically done through the use of information technology, including the telephone and the internet, and the delivery of merchandise is typically done through the mail or couriers. The e-commerce industry also includes direct mailers who are selling their merchandise and retail through online websites.

The main model types of e-commerce are business to business (B2B) and business to consumer (B2C). Business-to-business (B2B) refers to a form of transaction between businesses, like one involving a manufacturer and a wholesaler, or a wholesaler and a retailer. The various payment modes involved are card payments, bank transfers, digital wallets, cash payments, and other payment modes. The applications included are home appliances, clothing and footwear, books, cosmetics, baby goods, groceries, and other applications.

North America was the largest region in the e-commerce market in 2022. Asia Pacific was the second largest region in the e-commerce market. The regions covered in the e-commerce market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Rising internet penetration and the growing use of smartphones are predicted to contribute to the growth of the e-commerce market. The growing usage of the internet and smartphones is shifting consumer preferences towards online shopping. According to We Are Social’s special report on Digital 2020 published in January 2020, the total internet users across the globe in 2020 increased to 4.54 billion, with a growth of 298 million or 7% in comparison with January 2019. Moreover, the number of mobile users was 5.19 billion in 2020, which increased by 124 million, or 2.4%, in 2019. Therefore, increasing internet penetration coupled with the growing number of people using smartphones is projected to boost the demand for the e-commerce market over the forecast period.

Stringent regulations and vertical restraints imposed on the e-commerce sector are expected to limit the growth of the e-commerce industry in the near future. Vertical restraints such as platform parity agreements (APPA), geo-blocking, most favoured nation (MFN), geo-filtering, and advertising restrictions will pose a significant challenge to e-commerce players. For instance, in June 2020, the government of India issued draft rules to amend the consumer protection (E-Commerce) rules 2020. Therefore, the stringent regulation imposed on functioning and advertising makes it difficult for e-commerce players to manage their operations, thus adversely impacting the growth of the e-commerce industry over the forthcoming years.

Increasing government and companies’ initiatives to promote e-commerce sales is a leading trend in the e-commerce market. According to Entracker’s news published in April 2022, Indian government launched pilot phase of Open network for digital commerce (ONDC) to democratize e-commerce sector to facilitate e-commerce of small retailers. which is projected to boost the sector's growth in the country.

In April 2022, Flipkart, a Bengaluru-based e-commerce company, acquired ANS Commerce for an undisclosed amount. The acquisition would strengthen the online retail ecosystem of flipkart. ANS Commerce is an India-based e-commerce services provider.

The countries covered in the e-commerce market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.

The e-commerce market consists of revenues earned by entities by providing e-commerce services such as drop shipping, crowdfunding, and subscription. The market value includes the value of related goods sold by the service provider or included within the service offering. The e-commerce market also includes sales of as apparel, electronics, furniture, books, grocery and cosmetics. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).

The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.

The e-commerce market research report is one of a series of new reports that provides e-commerce market statistics, including e-commerce industry global market size, regional shares, competitors with an e-commerce market share, detailed e-commerce market segments, market trends and opportunities, and any further data you may need to thrive in the e-commerce industry. This e-commerce market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

Major players in the e-commerce market are Amazon.com Inc, JD.com Inc, Suning Commerce Group Co. Ltd, Apple Inc, Walmart Inc, Dell Technologies Inc, Vipshop Holdings Ltd, Gome Electrical Appliances Holding Ltd, Macy’s Inc, and Otto Group.



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Frequently Asked Questions about the Global E-Commerce Market

What is the estimated value of the Global E-Commerce Market?

The Global E-Commerce Market was estimated to be valued at $3183.16 billion in 2023.

What is the growth rate of the Global E-Commerce Market?

The growth rate of the Global E-Commerce Market is 11.4%, with an estimated value of $4902.06 billion by 2027.

What is the forecasted size of the Global E-Commerce Market?

The Global E-Commerce Market is estimated to be worth $4902.06 billion by 2027.

Who are the key companies in the Global E-Commerce Market?

Key companies in the Global E-Commerce Market include Amazon.com Inc., JD.com Inc., Suning Commerce Group Co. Ltd., Apple Inc., Walmart Inc., Dell Technologies Inc., Vipshop Holdings Ltd., Gome Electrical Appliances Holding Ltd., Macy’s Inc. and Otto Group.

Table of Contents

1. Executive Summary

2. E-commerce Market Characteristics

3. E-commerce Market Trends And Strategies

4. E-commerce Market - Macro Economic Scenario
4.1 COVID-19 Impact On E-commerce Market
4.2 Ukraine-Russia War Impact On E-commerce Market
4.3 Impact Of High Inflation On E-commerce Market

5. E-commerce Market Size And Growth
5.1. Global E-commerce Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global E-commerce Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market

6. E-commerce Market Segmentation
6.1. Global E-commerce Market, Segmentation By Model Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Business to Business (B2B)
  • Business to Consumer (B2C)
6.2. Global E-commerce Market, Segmentation By Payment Mode, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Card Payments
  • Bank Transfers
  • Digital Wallets
  • Cash Payments
  • Other Payment Modes
6.3. Global E-commerce Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Home Appliances
  • Clothing and footwear
  • Books
  • Cosmetics
  • Baby Goods
  • Groceries
  • Other Applications
7. E-commerce Market Regional And Country Analysis
7.1. Global E-commerce Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global E-commerce Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

8. Asia-Pacific E-commerce Market
8.1. Asia-Pacific E-commerce Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific E-commerce Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

9. China E-commerce Market
9.1. China E-commerce Market Overview
9.2. China E-commerce Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

10. India E-commerce Market
10.1. India E-commerce Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

11. Japan E-commerce Market
11.1. Japan E-commerce Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

12. Australia E-commerce Market
12.1. Australia E-commerce Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

13. Indonesia E-commerce Market
13.1. Indonesia E-commerce Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

14. South Korea E-commerce Market
14.1. South Korea E-commerce Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

15. Western Europe E-commerce Market
15.1. Western Europe E-commerce Market Overview
15.2. Western Europe E-commerce Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

16. UK E-commerce Market
16.1. UK E-commerce Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

17. Germany E-commerce Market
17.1. Germany E-commerce Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

18. France E-commerce Market
18.1. France E-commerce Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

19. Eastern Europe E-commerce Market
19.1. Eastern Europe E-commerce Market Overview
19.2. Eastern Europe E-commerce Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

20. Russia E-commerce Market
20.1. Russia E-commerce Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

21. North America E-commerce Market
21.1. North America E-commerce Market Overview
21.2. North America E-commerce Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

22. USA E-commerce Market
22.1. USA E-commerce Market Overview
22.2. USA E-commerce Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

23. South America E-commerce Market
23.1. South America E-commerce Market Overview
23.2. South America E-commerce Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

24. Brazil E-commerce Market
24.1. Brazil E-commerce Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

25. Middle East E-commerce Market
25.1. Middle East E-commerce Market Overview
25.2. Middle East E-commerce Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

26. Africa E-commerce Market
26.1. Africa E-commerce Market Overview
26.2. Africa E-commerce Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

27. E-commerce Market Competitive Landscape And Company Profiles
27.1. E-commerce Market Competitive Landscape
27.2. E-commerce Market Company Profiles
27.2.1. Amazon.com Inc.
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. JD.com Inc.
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Suning Commerce Group Co. Ltd.
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Apple Inc.
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Walmart Inc.
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance

29. Key Mergers And Acquisitions In The E-commerce Market

29. E-commerce Market Future Outlook and Potential Analysis

30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. About the Publisher
30.6. Copyright And Disclaimer

Executive Summary

E-Commerce Global Market Report 2023 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on e-commerce market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Where is the largest and fastest growing market for e-commerce? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The e-commerce market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

Scope

Markets Covered

1) By Model Type: Business to Business (B2B); Business to Consumer (B2C)
2) By Payment Mode: Card Payments; Bank Transfers; Digital Wallets; Cash Payments; Other Payment Modes
3) By Application: Home Appliances; Clothing and footwear; Books; Cosmetics; Baby Goods; Groceries; Other Applications

Companies Mentioned: Amazon.com Inc.; JD.com Inc.; Suning Commerce Group Co. Ltd.; Apple Inc.; Walmart Inc.

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery format: PDF, Word and Excel Data Dashboard.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Amazon.com Inc.
  • JD.com Inc.
  • Suning Commerce Group Co. Ltd.
  • Apple Inc.
  • Walmart Inc.
  • Dell Technologies Inc.
  • Vipshop Holdings Ltd.
  • Gome Electrical Appliances Holding Ltd.
  • Macy’s Inc.
  • Otto Group
  • Alibaba Group
  • PayPal
  • Apple
  • eBay
  • Google
  • PayPal
  • Myntra
  • Snapdeal
  • Flipkart
  • Lenskart

Methodology

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