B2C E-commerce Market Size is Likely to Reach a Valuation of Around US$ 7.0 Trillion by 2028

PRESS RELEASE

Published October 3, 2023

How
Big is the B2C E-commerce Market
 ? :

IMARC
Group’s latest report, titled “B2C E-commerce Market: Global Industry Trends, Share, Size,
Growth, Opportunity and Forecast 2023-2028
”, the global B2C e-commerce
market size reached US$ 4.4 Trillion in 2022. Looking forward, IMARC Group
expects the market to reach US$ 7.0 Trillion by 2028, exhibiting a growth rate
(CAGR) of 8.1% during 2023-2028.

What
is B2C E-commerce
 ?
:

Business-to-Consumer
(B2C) E-commerce encompasses a vast array of online transactions where
businesses directly sell products or services to individual consumers. B2C
E-commerce spans a diverse spectrum, ranging from online retail stores offering
fashion, electronics, and everyday essentials to digital platforms delivering
streaming services, digital content, and subscription-based offerings. This
digital retail revolution empowers consumers to explore, choose, and buy goods
while remaining at home, promoting comfort and choice. The variety of B2C
E-commerce platforms is as expansive as their products and services, catering
to a global audience. It introduces advantages such as accessibility, 24/7
availability, and the ability to compare prices and reviews swiftly.

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Who
are the key Players Operating in the Industry ? :

  • Alibaba Group Holding
    Limited
  • Amazon.com Inc
  • ASOS plc
  • Booking Holdings Inc
  • eBay Inc
  • JD.com Inc
  • Macy’s Inc
  • Makemytrip Limited
  • Otto GmbH & Co KG
  • Rakuten Inc
  • Walmart Inc

What
are the Growth Prospects and Trends in the B2C
E-commerce Industry ? :

The
global B2C E-commerce market is majorly driven by the proliferation of internet
and smartphone penetration. This has expanded the digital shopping universe,
reaching consumers in even the most remote corners of the globe. Along with
this, the COVID-19 pandemic accelerated the shift towards online shopping, with
consumers embracing the convenience and safety of digital retail experiences.
As a result, businesses are increasingly investing in robust online storefronts
and enhancing their logistics and last-mile delivery capabilities to meet
soaring demand. In addition, personalization and customer-centric approaches
are gaining prominence, with AI-driven recommendation engines and data
analytics offering tailored shopping experiences. Apart from this,
sustainability and eco-conscious shopping are emerging as significant trends,
with consumers seeking environmentally friendly products and practices. Some of
the other factors driving the market include rapid urbanization, changing
consumer preferences, technological advancements, and inflating disposable
income levels of individuals.

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Figure: 
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Key
Market Segmentation:

Breakup
by Type:

  • B2C Retailers
  • Classifieds

Breakup
by Application:

  • Automotive
  • Beauty and Personal
    Care
  • Consumer Electronics
  • Clothing and Footwear
  • Books and Stationery
  • Home Decor and
    Electronics
  • Travel and Tourism
  • Others

Breakup
by Region:

  • North America (United
    States, Canada)
  • Asia Pacific (China,
    Japan, India, Australia, Indonesia, Korea, Others)
  • Europe (Germany,
    France, United Kingdom, Italy, Spain, Others)
  • Latin America (Brazil,
    Mexico, Others)
  • Middle East and Africa
    (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key
Highlights of the Report:
 

  • Market Performance
    (2017-2022)
  • Market Outlook (2023-2028)
  • Porter’s Five Forces
    Analysis
  • Market Drivers and
    Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping
    of the Competitive Landscape 

Related
Report By IMARC Group:

About
Us:
 

IMARC
Group is a leading market research company that offers management strategy and
market research worldwide. We partner with clients in all sectors and regions
to identify their highest-value opportunities, address their most critical
challenges, and transform their businesses. 

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and high technology organizations. Market forecasts and industry analysis for
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and tourism, nanotechnology and novel processing methods are at the top of the
company’s expertise.

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