E-Retail Market Size, Share and Global Trend By Type (Marketplace, Third party e-retailers, Own website), By Products Category (Clothing and Footwear, Accessories and others) and Geography Forecast till 2023-2030

E-Retail also is known as e-tail or electronic retail allows customers to buy goods from a seller over the internet. E-Retailing can be availed through a website or mobile application and includes business to consumer (B2C) and business to business (B2B) for the sales of products and services. The Global e-retail sales accounted for around US$ 2,500 Bn in 2018 and are expected to achieve sales of around US$ 5000 Bn by 2022.

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Other factors such as easy returns policy, discounts, and bundling contribute heavily to the growth of the E-Retail market. Many firms have implemented the technology called augmented reality which is also responsible for the growth of online retail sales globally. More than 40% of customers prefer to buy a product if they could experience it through augmented reality beforehand.

KEY PLAYERS COVERED

The key players in the global e-retail market are Amazon, Target Corporation, Walmart Inc., Flipkart Pvt. Ltd, eBay Inc., JD.com, Alibaba group, Rakuten, Newegg, H&M, Ikea, Zalando SE etc.

SEGMENTATION

REGIONAL ANALYSIS

The global mobile internet penetration rate is likely to increase from 43% to 61%, during the year 2017-2025. In the North America region, the e-retail market would grow at a substantial rate during the forecast period. This is owing to the presence of Amazon which is one of the largest e-retailer in the region. Furthermore, it is estimated that 51% of Americans prefer online shopping which is backed by more than 73% of mobile internet penetration rate in 2018. The Asia Pacific is rapidly becoming the largest region for the online e-retail market especially in countries like China and India. The rapid growth of the e-retail market in India accounts to its size, tendency to adopt the western culture and government initiatives like 100% FDI.

In Europe, the mobile internet penetration rate accounts to more than 72% in 2018 with secured internet transactions. In this region, the UK forms the largest e-commerce market followed by France and Germany. In Latin America, Brazil is expected to remain one of the largest retail e-commerce markets as most consumers in the country are comfortable using credit cards and digital options for payments. The Middle East and Africa would experience low growth in the e-retail market owing to factors such as the preference of paying cash, unreliable shipping in the region, and lack of internet services.