SAN FRANCISCO, Oct. 12, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “B2C E-commerce – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 9; Released: April 2021
Executive Pool: 3173
Companies: 12 – Players covered include Alibaba Group Holding Ltd.; Amazon.com, Inc.; Best Buy Company, Inc.; Cnova N.V.; eBay Inc.; Jd.com, Inc.; Otto GmbH & Co. KG; Tesco PLC; Wal-Mart Stores, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Application (Automotive, Beauty & Personal Care, Consumer Electronics, Clothing & Footwear, Home Decor, Other Applications); Type (B2C Retailers, Classifieds)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global B2C E-commerce Market to Reach $7.3 Billion by 2026
Amid the COVID-19 crisis, the global market for B2C E-commerce estimated at US$4 Billion in the year 2020, is projected to reach a revised size of US$7.3 Billion by 2026, growing at a CAGR of 10.4% over the analysis period. B2C Retailers, one of the segments analyzed in the report, is projected to record a 12.3% CAGR and reach US$5.6 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Classifieds segment is readjusted to a revised 6.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.2 Billion in 2021, While China is Forecast to Reach $1.5 Billion by 2026
The B2C E-commerce market in the U.S. is estimated at US$1.2 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2026 trailing a CAGR of 14.1% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7% and 9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 8.1% CAGR. More
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SOURCE Global Industry Analysts, Inc.