Ecommerce can be defined as a transaction conducted commercially via the internet for purchasing of goods and services. This includes online goods & services (software, media streaming, e-books), market place services (e-wallet, comparison shopping), retail services (ordering food, travel, mail deliveries, footwear, apparel), and customer support (help desks, live support). Global eCommerce market has grown significantly over the last few decades. According to the analysis, Global eCommerce Market is forecasted to be USD 39.51 Trillion by the year 2026.
Impact of COVID-19 on Global eCommerce Market
Due to COVID-19, the world has witnessed unprecedented wealth destruction. The governments around the globe have taken unprecedented measures to contain the infection rate, such as lockdowns and border restrictions. All these measures severely restricted the economic activities and thousands of traditional-style businesses and companies were severely affected, and a lot of them has even gone bankrupt.
However, in these times of distress, ecommerce appeared to be promising support in the fight against coronavirus as it supported to lessen the rate of infection by offering online delivery of commodities and services. By looking at the growth opportunity of eCommerce is offering, even supermarkets started online shipment of groceries by providing door-to-door services to their consumers, preventing risks from in-store visits. This has further given rise to online payments and obviated in-person cash transactions. This research report has covered Coronavirus impact on global eCommerce market.
Market Drivers for Global eCommerce Market
Global eCommerce market is growing due to high internet penetration, the decline in internet prices, increasing number of smartphones, product localization, advancement in technology such as big data, artificial intelligence, product localization and personalization, market stability, product innovation, and surging disposable income. Millennials and Gen Xers are the biggest online shoppers in terms of time and money on eCommerce sites. Millennials and Gen Xers spend more than 50 percent time in online shopping, 6 hours versus 4 hours relative to their older counterparts.
eCommerce websites have certain advantages over the traditional book and mortar stores such as 24/7 shopping, ability to compare prices, time-savings from physical visiting of stores, more variety of products. Few other factors such as avoiding crowd, checkout lanes, products can be purchased without physical barrier; and helpful for old and disabled customers these facilities push consumers to buy the products online.
This report titled “Global eCommerce Market by (B2B, B2C), Product Categories [Fashion (Apparel, Footwear, Bags & Accessories), Electronics & Media (Consumer Electronics, Books, Movies, Music & Games), Toys, Hobby & DIY (Toys & Baby, Sports & Outdoor, Hobby & Stationery, DIY, Garden & Pets), Furniture & Appliances (Furniture & Homeware, Household Appliances), Food & Personal Care, (Food & Beverages, Personal Care)], Number of Internet Users, E-Commerce Market by Countries (United States, China, India, Japan, Germany, United Kingdom, France, Italy, Canada, South Korea) Companies (Rakuten, Inc, Amazon.com, Inc., Alibaba Group Holding Limited, Walmart Inc., eBay Inc., Zalando SE, Otto Group and JD.com, Inc.)” captures a detailed analysis of Global eCommerce Market and gives an all-encompassing study of the key growth drivers and restraints.
Segment: This report covers the ecommerce market in 5 segments and then its sub-segments
1. Fashion
2. Electronics & Media
3. Toys, Hobby & DIY
4. Furniture & Appliances
5. Food & Personal Care
Fashion - Global eCommerce Market & Users by Sub-segments
1. Apparel
2. Footwear
3. Bags & Accessories
Electronics & Media - Global e-commerce Market, Users by Sub-segments
1. Consumer Electronics
2. Books, Movies, Music & Games
Toys, Hobby & DIY - Global eCommerce Market & Users by Sub-segments
1. Toys & Baby
2. Sports & Outdoor
3. Hobby & Stationery
4. DIY, Garden & Pets
Furniture & Appliances - Global eCommerce Market & Users by Sub-segments
1. Furniture & Homeware
2. Household Appliances
Food & Personal Care - Global Ecommerce Market & Users by Sub-segments
1. Food & Beverages
2. Personal Care
Country: 10 Countries ecommerce Market is Covered in the Report
1. United States
2. China
3. India
4. Japan
5. Germany
6. United Kingdom
7. France
8. Italy
9. Canada
10. South Korea
All the company analysis has been covered in the report from 3 viewpoints
- Overview
- Recent Developments
- Sales Analysis
Key Companies Covered
- Rakuten, Inc
- Amazon.com, Inc.
- Alibaba Group Holding Limited
- Walmart Inc.
- eBay Inc.
- Zalando SE
- Otto Group
- JD.com, Inc.
Table of Contents
1. Introduction2. Research Methodology3. Executive Summary
Companies Mentioned
- Rakuten, Inc
- Amazon.com, Inc.
- Alibaba Group Holding Limited
- Walmart Inc.
- eBay Inc.
- Zalando SE
- Otto Group
- JD.com, Inc.
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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