Global cross-border B2C e-commerce market expected to reach around USD 4,856.1 billion by 2027, growing at a CAGR of 27.4% between 2019 and 2027
— Zion Market Research has published a new report titled “Cross-Border B2C E-Commerce Market By Category (Apparel and Accessories, Entertainment and Education, Consumer Electronics, Home Furnishing, Personal Care and Beauty, Healthcare and Nutrition, Footwear, Food and Beverage, and Others), By Payment Method (Credit/Debit Cards, Digital Wallets, Internet Banking, and Others), By Offering (Assorted Brands and In-House Brands), and By End-User (Teenagers/Millennials, Adults, Senior Citizens, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2027”. According to the report, the global cross-border B2C e-commerce market was USD 562.1 billion in 2018 and is expected to reach around USD 4,856.1 billion by 2027, growing at a CAGR of 27.4% between 2019 and 2027.
The term cross-border e-commerce is nothing but international online trade, in simple words. It entails selling and purchasing of products via online shops across national and international borders. Cross-border e-commerce refers to the online trade between a retailer/business/brand and customer (B2C); it can also take place between two businesses, across two countries.
Trade liberalization has raised the export volume of products and services and made it reach newer and farther markets, for example, the establishment of the China Free Trade Area and the European Free Trade Agreement. Globalization has accelerated the variety and volume of cross-border transactions in products and services via widespread and rapid diffusion of technology. This is the primary factor driving the cross-border B2C e-commerce market globally. Advanced e-commerce technologies deduct administration expenditures and marketing costs, thereby enabling organizations to reach dispersed markets. The fast-paced internet technologies have tremendously boosted the online shopping customer base and expanded the international business market. Therefore, the rising demand for cross border online shopping and various policies are majorly contributing to the cross-border B2C e-commerce market globally.
On the basis of category, the cross-border B2C e-commerce market includes entertainment and education, apparel and accessories, home furnishing, consumer electronics, healthcare and nutrition, personal care and beauty, food and beverage, footwear, and others. The apparel and accessories segment is expected to hold the highest market share, whereas the healthcare and nutrition segment is expected to grow faster in the upcoming years. By payment method, the market includes internet banking, digital wallets, credit/debit cards, and others. The digital wallets segment is projected to hold the highest share and internet banking segment is anticipated to grow significantly over the estimated time period. By offering, the market includes assorted brands and in-house brands. The assorted brands segment is expected to hold the largest market share while the in-house brands segment is projected to grow rapidly in the future. Based on end-user, the market is classified into senior citizens, adults, teenagers/millennials, and others. The adults segment is expected to hold the highest market share and senior citizens segment is expected to grow notably in the years ahead.
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Europe is expected to hold a considerable share of the cross-border B2C e-commerce market globally, owing to the rising number of online buyers. The UK is expected to make notable contributions to the cross-border B2C e-commerce market in Europe in the years ahead. The Asia Pacific -border B2C e-commerce market is anticipated to grow at the highest rate over the forecast timeframe, owing to the growing demand in India and China.
Some noticeable players in the cross-border B2C e-commerce market are ACES, AirBridgeCargo Airlines, AliExpress.com, Amazon.com, ASOS, BigCommerce, eBay, Eunimart Multichannel, Jagged Peak, JD.com, Pitney Bowes, Tmall, Vipshop, and Zalando.
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This report segments the global cross-border B2C e-commerce market into:
Global Cross-Border B2C E-Commerce Market: By Category
Apparel and Accessories
Entertainment and Education
Personal Care and Beauty
Healthcare and Nutrition
Food and Beverage
Global Cross-Border B2C E-Commerce Market: By Payment Method
Global Cross-Border B2C E-Commerce Market: By Offering
Global Cross-Border B2C E-Commerce Market: By End-User
Global Cross-Border B2C E-Commerce Market: By Region
The Middle East and Africa
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