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Wednesday, October 25, 2023

Global B2C E-Commerce Market is Anticipated to Grow at a CAGR of 8.2% during 2024 to 2030

The future of the global B2C E-commerce market looks promising with opportunities in the automotive, beauty & personal care, books & stationery, consumer electronic, clothing & footwear, home decor & electronic, sports & leisure, travel & tourism, and media & entertainment markets. The global B2C E-commerce market is expected to reach an estimated $6988.1 billion by 2030 with a CAGR of 8.2% from 2024 to 2030. The major drivers for this market are increasing popularity of social commerce, increasing availability and affordability of the internet, and proliferation of smartphones and mobile devices.

Some of the key questions answered in this exclusive report are:

Q.1. What are some of the most promising, high-growth opportunities for the B2C E-commerce market by type (B2C retailers and classifieds), application (automotive, beauty & personal care, books & stationery, consumer electronics, clothing & footwear, home decor & electronics, sports & leisure, travel & tourism, and media & entertainment), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3.  Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6.  What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Market Segmentation:

In this market, B2C retailer and classified are the major segments of B2C E-commerce market by type. Lucintel forecasts that B2C retailer will remain the larger segment over the forecast period due to rising mobile transactions and internet banking, rapid urbanization and smart city development in developing countries, as well as, growing demand across the border.

Within this market, clothing & footwear will remain the largest segment over the forecast period due to rise of the athleisure trend, growth of the online fashion industry, and increasing popularity of social media. 

APAC will remain the largest region over the forecast period due to the rapid economic growth, increasing urbanization, and growing internet connectivity in second-tier cities & rural areas in this region.

ALIBABA, Amazon.com, ASOS, eBay, Flipkart, JD.com, and MakeMytrip are the major suppliers in the B2C E-commerce market.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email:
roy.almaguer@lucintel.com
Tel. 972.636.5056

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