B2C E-Commerce Market Size to Hit Around US$ 7.45 Trn By 2030

The globla B2C e-commerce market size exceeded 3.86 trillion in 2021, grew to US$ 4.14 trillion USD in 2022, and is projected to reach US$ 7.45 trillion by 2030, growing at a CAGR of 7.6% every year, according to a 2021 study by Precedence Research, the Canada-based market Insight Company.

The proliferation of digital technologies, globalization of businesses, ease of doing business, favorable government policies, improved logistics infrastructure, and improved telecommunications and IT infrastructure are several prominent factors that has boosted the growth of the global b2c e-commerce market. The rising disposable income, increasing adoption of smartphones, increased demand for the convenient shopping, availability of almost all products of all brands on the e-commerce platforms, and growing penetration of the different e-commerce platforms across the globe is augmenting the market growth.

The aggressive marketing strategies adopted by the payers and increased investments in the social media marketing and digital marketing in the recent years has significantly driven the growth of the global b2c e-commerce market. Moreover, the easy and convenient payment options, 24/7 customer support, door step home delivery to almost every locations, and convenient refund and replacement policies of the e-commerce platforms has augmented the demand for the b2c e-commerce channels among the global customers.

The base year for the study has been considered 2021, the historic year 2017 and 2020, the forecast period considered is from 2022 to 2030. The B2C e-commerce market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit). 

B2C E-Commerce Market Report Highlights

• Based on the type, the b2c retailer segment dominated the market, garnering a market share of over 99% in 2020. This is attributed to the increased adoption of the online/e-commerce platforms for shopping among the urban consumers. The rising penetration of internet and smartphones along with the presence of all the products on the e-commerce platforms has attracted a huge customer bases.
• Based on the application, the consumer electronics is estimated to be the most opportunistic market. The integration of latest technologies like AI, IoT, and wireless connectivity in the various consumer electronics is fueling the demand for the electronic products. The increased preferences for buying the consumer electronic through the e-commerce channels are propelling the growth of this segment.

B2C E-Commerce Market Regional Snapshot

Asia Pacific dominated the global b2c e-commerce market, garnering a market share of around 37% in 2020. Asia Pacific has a huge customer base owing to the presence of almost 60% of the global population. Moreover, the increased adoption of smartphones and improved access to the internet are the most important growth drivers. The busy and hectic life schedules of the customers has resulted in the increased demand for the convenient shopping.

The b2c e-commerce platforms offers wide variety of products and different brands and the shoppers can easily shop from the convenience of their homes. The rising urban population, rising investments in the development of infrastructure, and growing awareness regarding the benefits of e-commerce is accelerating the growth of the b2c e-commerce market in Asia Pacific. Moreover, the rising popularity of the second hand online market place like OLX and Quikr in the developing countries is boosting the e-commerce market growth.

North America was the second leading market in 2020. North America is characterized by the presence of several top e-commerce platforms and the increased adoption rate of the digital technologies. The higher penetration of the e-commerce and the presence of strong, developed, and fast logistics infrastructure has facilitated the market growth in North America.

B2C E-Commerce Market Dynamics

Driver

Rapidly growing number of internet users

The proliferation of the digital technologies has boosted the adoption of smartphones and access to the internet across the globe. Most of the internet users access through their smartphones. Therefore, the combination of the smartphone and access to the internet has significantly boosted the growth of the b2c e-commerce market.According to the International Telecommunication Union, there were around 4.9 billion (63% of the global population) internet users by the end of 2021. This number was 4.1 billion in 2019 and it grew rapidly by 782 million in 2 years.

Restraint

Lack of knowledge in the rural areas

The illiteracy rate is significantly high in the rural areas of the developing and the underdeveloped countries. The population lacks the knowledge about the operating the smartphones and internet. Furthermore, the majority of the population lives in the rural areas. This is a major restraining factor that may hinder the market growth.

Read Also: Healthcare Reimbursement Market Size to Touch US$ 17.63 Trillion By 2030

Opportunity

Rising investments in the development of infrastructure

The governments in the underdeveloped and the developing nations are heavily investing in improving the connectivity by building networks of road, airways, and railways that can efficiently boost the growth of the logistics. The improved logistics will boost the delivery activities of the e-commerce platforms.

Some of the prominent players in the global B2C e-commerce market include:

• 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.

Segments Covered in the Report

By Type

• Classifieds
• B2C Retailers

By Application

• Consumer Electronics
• Automotive
• Books & Stationery
• Clothing & Footwear
• Beauty & Personal Care
• Media & Entertainment
• Home Décor & Electronics
• Travel & Tourism
• Sports & Leisure
• Information & Technology
• Others

By Brand Type

• Single Brand
• Multi Brand

By Device

• PCs
• Smart Phone
• Tablet
• Others

By Geography

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • France
• Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Malaysia
  • Philippines
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East & Africa (MEA)
  • GCC
  • North Africa
  • South Africa
  • Rest of the Middle East & Africa

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on B2C E-Commerce Market 

5.1. COVID-19 Landscape: B2C E-Commerce Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global B2C E-Commerce Market, By Type

8.1. B2C E-Commerce Market, by Type, 2022-2030

8.1.1. Classifieds

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. B2C Retailers

8.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global B2C E-Commerce Market, By Application

9.1. B2C E-Commerce Market, by Application, 2022-2030

9.1.1. Consumer Electronics

9.1.1.1. Market Revenue and Forecast (2017-2030)

9.1.2. Automotive

9.1.2.1. Market Revenue and Forecast (2017-2030)

9.1.3. Books & Stationery

9.1.3.1. Market Revenue and Forecast (2017-2030)

9.1.4. Clothing & Footwear

9.1.4.1. Market Revenue and Forecast (2017-2030)

9.1.5. Beauty & Personal Care

9.1.5.1. Market Revenue and Forecast (2017-2030)

9.1.6. Media & Entertainment

9.1.6.1. Market Revenue and Forecast (2017-2030)

9.1.7. Home Décor & Electronics

9.1.7.1. Market Revenue and Forecast (2017-2030)

9.1.8. Travel & Tourism

9.1.8.1. Market Revenue and Forecast (2017-2030)

9.1.9. Sports & Leisure

9.1.9.1. Market Revenue and Forecast (2017-2030)

9.1.10. Information & Technology

9.1.10.1. Market Revenue and Forecast (2017-2030)

9.1.11. Others

9.1.11.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global B2C E-Commerce Market, By Brand Type 

10.1. B2C E-Commerce Market, by Brand Type, 2022-2030

10.1.1. Single Brand

10.1.1.1. Market Revenue and Forecast (2017-2030)

10.1.2. Multi Brand

10.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 11. Global B2C E-Commerce Market, By Device Type 

11.1. B2C E-Commerce Market, by Device Type, 2022-2030

11.1.1. PCs

11.1.1.1. Market Revenue and Forecast (2017-2030)

11.1.2. Smart Phone

11.1.2.1. Market Revenue and Forecast (2017-2030)

11.1.3. Tablet

11.1.3.1. Market Revenue and Forecast (2017-2030)

11.1.4. Others

11.1.4.1. Market Revenue and Forecast (2017-2030)

Chapter 12. Global B2C E-Commerce Market, Regional Estimates and Trend Forecast

12.1. North America

12.1.1. Market Revenue and Forecast, by Type (2017-2030)

12.1.2. Market Revenue and Forecast, by Application (2017-2030)

12.1.3. Market Revenue and Forecast, by Brand Type (2017-2030)

12.1.4. Market Revenue and Forecast, by Device Type (2017-2030)

12.1.5. U.S.

12.1.5.1. Market Revenue and Forecast, by Type (2017-2030)

12.1.5.2. Market Revenue and Forecast, by Application (2017-2030)

12.1.5.3. Market Revenue and Forecast, by Brand Type (2017-2030)

12.1.5.4. Market Revenue and Forecast, by Device Type (2017-2030)

12.1.6. Rest of North America

12.1.6.1. Market Revenue and Forecast, by Type (2017-2030)

12.1.6.2. Market Revenue and Forecast, by Application (2017-2030)

12.1.6.3. Market Revenue and Forecast, by Brand Type (2017-2030)

12.1.6.4. Market Revenue and Forecast, by Device Type (2017-2030)

12.2. Europe

12.2.1. Market Revenue and Forecast, by Type (2017-2030)

12.2.2. Market Revenue and Forecast, by Application (2017-2030)

12.2.3. Market Revenue and Forecast, by Brand Type (2017-2030)

12.2.4. Market Revenue and Forecast, by Device Type (2017-2030)

12.2.5. UK

12.2.5.1. Market Revenue and Forecast, by Type (2017-2030)

12.2.5.2. Market Revenue and Forecast, by Application (2017-2030)

12.2.5.3. Market Revenue and Forecast, by Brand Type (2017-2030)

12.2.5.4. Market Revenue and Forecast, by Device Type (2017-2030)

12.2.6. Germany

12.2.6.1. Market Revenue and Forecast, by Type (2017-2030)

12.2.6.2. Market Revenue and Forecast, by Application (2017-2030)

12.2.6.3. Market Revenue and Forecast, by Brand Type (2017-2030)

12.2.6.4. Market Revenue and Forecast, by Device Type (2017-2030)

12.2.7. France

12.2.7.1. Market Revenue and Forecast, by Type (2017-2030)

12.2.7.2. Market Revenue and Forecast, by Application (2017-2030)

12.2.7.3. Market Revenue and Forecast, by Brand Type (2017-2030)

12.2.7.4. Market Revenue and Forecast, by Device Type (2017-2030)

12.2.8. Rest of Europe

12.2.8.1. Market Revenue and Forecast, by Type (2017-2030)

12.2.8.2. Market Revenue and Forecast, by Application (2017-2030)

12.2.8.3. Market Revenue and Forecast, by Brand Type (2017-2030)

12.2.8.4. Market Revenue and Forecast, by Device Type (2017-2030)

12.3. APAC

12.3.1. Market Revenue and Forecast, by Type (2017-2030)

12.3.2. Market Revenue and Forecast, by Application (2017-2030)

12.3.3. Market Revenue and Forecast, by Brand Type (2017-2030)

12.3.4. Market Revenue and Forecast, by Device Type (2017-2030)

12.3.5. India

12.3.5.1. Market Revenue and Forecast, by Type (2017-2030)

12.3.5.2. Market Revenue and Forecast, by Application (2017-2030)

12.3.5.3. Market Revenue and Forecast, by Brand Type (2017-2030)

12.3.5.4. Market Revenue and Forecast, by Device Type (2017-2030)

12.3.6. China

12.3.6.1. Market Revenue and Forecast, by Type (2017-2030)

12.3.6.2. Market Revenue and Forecast, by Application (2017-2030)

12.3.6.3. Market Revenue and Forecast, by Brand Type (2017-2030)

12.3.6.4. Market Revenue and Forecast, by Device Type (2017-2030)

12.3.7. Japan

12.3.7.1. Market Revenue and Forecast, by Type (2017-2030)

12.3.7.2. Market Revenue and Forecast, by Application (2017-2030)

12.3.7.3. Market Revenue and Forecast, by Brand Type (2017-2030)

12.3.7.4. Market Revenue and Forecast, by Device Type (2017-2030)

12.3.8. Rest of APAC

12.3.8.1. Market Revenue and Forecast, by Type (2017-2030)

12.3.8.2. Market Revenue and Forecast, by Application (2017-2030)

12.3.8.3. Market Revenue and Forecast, by Brand Type (2017-2030)

12.3.8.4. Market Revenue and Forecast, by Device Type (2017-2030)

12.4. MEA

12.4.1. Market Revenue and Forecast, by Type (2017-2030)

12.4.2. Market Revenue and Forecast, by Application (2017-2030)

12.4.3. Market Revenue and Forecast, by Brand Type (2017-2030)

12.4.4. Market Revenue and Forecast, by Device Type (2017-2030)

12.4.5. GCC

12.4.5.1. Market Revenue and Forecast, by Type (2017-2030)

12.4.5.2. Market Revenue and Forecast, by Application (2017-2030)

12.4.5.3. Market Revenue and Forecast, by Brand Type (2017-2030)

12.4.5.4. Market Revenue and Forecast, by Device Type (2017-2030)

12.4.6. North Africa

12.4.6.1. Market Revenue and Forecast, by Type (2017-2030)

12.4.6.2. Market Revenue and Forecast, by Application (2017-2030)

12.4.6.3. Market Revenue and Forecast, by Brand Type (2017-2030)

12.4.6.4. Market Revenue and Forecast, by Device Type (2017-2030)

12.4.7. South Africa

12.4.7.1. Market Revenue and Forecast, by Type (2017-2030)

12.4.7.2. Market Revenue and Forecast, by Application (2017-2030)

12.4.7.3. Market Revenue and Forecast, by Brand Type (2017-2030)

12.4.7.4. Market Revenue and Forecast, by Device Type (2017-2030)

12.4.8. Rest of MEA

12.4.8.1. Market Revenue and Forecast, by Type (2017-2030)

12.4.8.2. Market Revenue and Forecast, by Application (2017-2030)

12.4.8.3. Market Revenue and Forecast, by Brand Type (2017-2030)

12.4.8.4. Market Revenue and Forecast, by Device Type (2017-2030)

12.5. Latin America

12.5.1. Market Revenue and Forecast, by Type (2017-2030)

12.5.2. Market Revenue and Forecast, by Application (2017-2030)

12.5.3. Market Revenue and Forecast, by Brand Type (2017-2030)

12.5.4. Market Revenue and Forecast, by Device Type (2017-2030)

12.5.5. Brazil

12.5.5.1. Market Revenue and Forecast, by Type (2017-2030)

12.5.5.2. Market Revenue and Forecast, by Application (2017-2030)

12.5.5.3. Market Revenue and Forecast, by Brand Type (2017-2030)

12.5.5.4. Market Revenue and Forecast, by Device Type (2017-2030)

12.5.6. Rest of LATAM

12.5.6.1. Market Revenue and Forecast, by Type (2017-2030)

12.5.6.2. Market Revenue and Forecast, by Application (2017-2030)

12.5.6.3. Market Revenue and Forecast, by Brand Type (2017-2030)

12.5.6.4. Market Revenue and Forecast, by Device Type (2017-2030)

Chapter 13. Company Profiles

13.1. Alibaba Group Holding Limited

13.1.1. Company Overview

13.1.2. Product Offerings

13.1.3. Financial Performance

13.1.4. Recent Initiatives

13.2. Amazon.com Inc.

13.2.1. Company Overview

13.2.2. Product Offerings

13.2.3. Financial Performance

13.2.4. Recent Initiatives

13.3. ASOS plc

13.3.1. Company Overview

13.3.2. Product Offerings

13.3.3. Financial Performance

13.3.4. Recent Initiatives

13.4. Booking Holdings Inc.

13.4.1. Company Overview

13.4.2. Product Offerings

13.4.3. Financial Performance

13.4.4. Recent Initiatives

13.5. eBay Inc.

13.5.1. Company Overview

13.5.2. Product Offerings

13.5.3. Financial Performance

13.5.4. Recent Initiatives

13.6. JD.com Inc.

13.6.1. Company Overview

13.6.2. Product Offerings

13.6.3. Financial Performance

13.6.4. Recent Initiatives

13.7. Macy’s Inc.

13.7.1. Company Overview

13.7.2. Product Offerings

13.7.3. Financial Performance

13.7.4. Recent Initiatives

13.8. Makemytrip Limited

13.8.1. Company Overview

13.8.2. Product Offerings

13.8.3. Financial Performance

13.8.4. Recent Initiatives

13.9. Otto GmbH & Co KG

13.9.1. Company Overview

13.9.2. Product Offerings

13.9.3. Financial Performance

13.9.4. Recent Initiatives

13.10. Rakuten Inc.

13.10.1. Company Overview

13.10.2. Product Offerings

13.10.3. Financial Performance

13.10.4. Recent Initiatives

13.11. Walmart Inc.

13.11.1. Company Overview

13.11.2. Product Offerings

13.11.3. Financial Performance

13.11.4. Recent Initiatives

Chapter 14. Research Methodology

14.1. Primary Research

14.2. Secondary Research

14.3. Assumptions

Chapter 15. Appendix

15.1. About Us

15.2. Glossary of Terms

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Frequently Asked Questions:

[sc_fs_multi_faq headline-0=”h6″ question-0=”What is the current size of B2C e-commerce market?” answer-0=”According to Precedence Research, the global B2C e-commerce market size was reached at US$ 3.86 trillion in 2021 and is anticipated to surpass US$ 7.45 trillion by 2030. ” image-0=”” headline-1=”h6″ question-1=”What will be the CAGR of global B2C e-commerce market?” answer-1=”The global B2C e-commerce market is expected to drive growth at a CAGR of 7.6% over the forecast period 2022 to 2030. ” image-1=”” headline-2=”h6″ question-2=”Who are the major players operating in the B2C e-commerce market?” answer-2=”The major players operating in the B2C e-commerce market are 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., and Walmart Inc. ” image-2=”” headline-3=”h6″ question-3=”Which are the driving factors of the B2C e-commerce market?” answer-3=”The proliferation of digital technologies, globalization of businesses, ease of doing business, favorable government policies, improved logistics infrastructure, and improved telecommunications and IT infrastructure are several prominent factors that has boosted the growth of the global b2c e-commerce market. ” image-3=”” headline-4=”h6″ question-4=”Which region will lead the global B2C e-commerce market?” answer-4=”Asia Pacific dominated the global b2c e-commerce market in 2021 and will remains its dominance over the forecast period 2022 to 2030. ” image-4=”” count=”5″ html=”true” css_class=””]