Business to Consumer or B2C E-Commerce is an Online platform where retailers can sell their products directly to the customers. The biggest advantage in the Global B2C E-Commerce Market, there are no middlemen or any kind of intermediaries are involved and there is a high number of customers with high demand in the E-Commerce Platform. The E-Commerce platform is a simple platform where a retailer has an anE-Commerce website where the retailer posts his product catalog and customers can directly pay to the retailer and order what they want. Europe B2C E-commerce market reached $272.5 billion in 2019 and will grow by 7.2% annually over 2020-2030 owing to the growing adoption of mobile technology and online shopping amid COVID-19 pandemic. The major factor driving the growth of the Global B2C E-Commerce Market is the paradigm shift from offline shopping to online shopping platforms. Wide product availability, easy purchase and return, larger product discount due to absence of retailers, whole-sellers and agents are some of the factors, favoring the market growth. In European markets, consumers’ preferences for online purchase in 2020 mostly were for “Fashion, shoes & accessories” and “Consumer electronics”. Overall, home goods, food/beverages and health/beauty were among the fastest-growing online product categories in Europe in 2020, according to a survey in a new yStats.com report. However, when examining the markets more deeply individually, the pattern differs in each. For example, in the U.K., more than 50% of respondents in 2020, on average, bought clothes, shoes and accessories online, which was the leading product category. In Germany, however, the fashion and accessories segment ranked second, following consumer electronics, which accounted for nearly a quarter of total online sales in 2020. Among the important trends spreading throughout the region is the development of mobile shopping. M-Commerce is driven by growing smartphone and mobile Internet penetration. In countries such as Ukraine and Turkey over 40% of smartphone owners already have experience with mobile shopping. Another important movement is cross-border B2C E-Commerce. For example, in Slovenia and the Czech Republic close to half of all online shoppers made purchases from foreign online stores. Looking at payment methods, the report finds that cash on delivery still predominates in the majority of B2C E-Commerce markets in the region, as it is the most used payment method in Russia, Greece, Czech Republic, Ukraine, Hungary, Romania, Slovakia and Belarus. However, for cross-border purchases, credit cards are often used. The fast-growing markets of Eastern Europe have attracted the attention of international B2C E-Commerce players and investors. The region's largest market, Russia, drew hundreds of millions of dollars in B2C E-Commerce investment over the past several years from companies such as JP Morgan, Kering, IFC, Tiger Global Management, Naspers and others. As the competition has risen in the B2C E-Commerce Market many E-commerce companies have shifted from basic to intense forms of marketing which have made many people move to E-commerce websites. These intense marketing techniques include showing big templates on-road billboards, newspapers, televisions, pop-up ads, etc. these techniques have opened up the Europe B2C E-Commerce Market to great opportunities. According to the Payper, digital skills and literacy are also on the rise in Europe, as internet users grew from 87% to 89% in 2020. In Western and Northern Europe, over 95% of the population uses the internet, while even in Eastern Europe, where internet use is the lowest in the continent, 77% were online. Perhaps most importantly for ecommerce, the share of European e-shoppers grew at an unprecedented rate in 2020.
Due to the COVID-19 pandemic and enforced restrictions in Europe, the retail market experienced significant changes, namely, digitization of operations in 2020. Many businesses/retailers in the region decided to invest in E-Commerce. So, in 2020, the revenue of top European online retailers witnessed a considerable growth of about 40% from 2019, among which were specialist merchants VanMoof and Fenton, the fastest-growing online retailers in 2020. The major markets in the region as well have seen tremendous developments in the online retail market, meaning the UK still remained the leader in Europe in terms of B2C E-Commerce market and it saw over a 30% of y-o-y growth in 2020.
Highlighted with 34 tables and 54 figures, this 121-page report “Europe B2C E-commerce Market 2020-2030 by Device, Product Type, Payment Method, Channel Type, Business Model, and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire Europe B2C E-commerce market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain.
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of Europe market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify Europe B2C E-commerce market in every aspect of the classification from perspectives of Device, Product Type, Payment Method, Channel Type, Business Model, and Country.
• Other Devices
By Product Type
• Consumer Electronics
• Apparels and Footwear
• Travel and Leisure
• Food and Beverage
• Home Appliances and Furniture
• Health and Beauty
• Automotive Parts
• Other Product Types
By Payment Method
• Net Banking
• Credit Card
• Debit Card
• Other Payment Methods
By Channel Type
• B2C Retailers
By Business Model
• Pure Click
• Rest of Europe (further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
For each aforementioned country, detailed analysis and data for annual revenue are available for 2019-2030. The breakdown of key national markets by Device, Product Type, and Payment Method over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Specifically, potential risks associated with investing in Europe B2C E-commerce market are assayed quantitatively and qualitatively through GMD’s Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders identify emerging opportunities, manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions.
Key Players (this may not be a complete list and extra companies can be added upon request):
Alibaba Group Holding Ltd, Amazon.com, Inc., ASOS, ChinaAseanTrade.com, Craigslist, Inc., DIYTrade.com, eBay Inc., eworldtrade.com, Flipkart Internet Private Limited, Groupon, IndiaMart InterMesh Ltd, JD.com Inc., KellySearch.com, Macy’s Inc.,MakeMytrip Pvt. Ltd., Mercateo AG, Newegg Business Inc, OLX, ThomasNet Inc, Walmart Inc.
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
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