Business-to-Consumer (B2C) E-commerce Market to Reach Valuation of 6.38 USD Trillion by 2028

Vantage Market Research

Mar 16, 2022

In terms of revenue, the Global Business-to-Consumer (B2C) E-commerce Market is expected to reach 6.38 USD Trillion by 2028, growing at a CAGR of 8.97% from 2022 to 2028. B2C E-commerce platform is booming rapidly in the market owing to the factors such as the rising use of smartphones, growing social framework, increasing digital dependencies, and convenient solutions to shopping online in these busy schedules. In addition, rising per capita income enhanced internet penetration and growing disposable income are some other factors that bolstered the growth of Business-to-Consumer (B2C) E-commerce Market over a projected time period.

Key Findings:

  • The clothing and footwear application segment is accounted for the potential growth of Business-to-Consumer (B2C) E-commerce Market in 2021. The huge expansion of online apparel in the marketplace is augmenting the segmental growth of Business-to-Consumer (B2C) E-commerce Market in coming years.
  • The B2C Retailers sub-segment of type segment is accounted for substantial growth for Business-to-Consumer (B2C) E-commerce Market in 2021. This growth is largely attributed to the growing number of mobile transactions and easy online banking transaction facilities.
  • Asia Pacific is accounted to dominate the regional growth for Business-to-Consumer (B2C) E-commerce market during the forecast period. Factors such as high internet penetration, rising adoption of foreign brands & products, and technological advancement have accelerated the growth of Business-to-Consumer (B2C) E-commerce Market in this region.

Some of key players in Business-to-Consumer (B2C) E-commerce Market include, ALIBABA GROUP HOLDING LIMITED, Amazon.com, Inc., ASOS, eBay Inc., Flipkart Internet Private Limited, JD.com, Inc., MakeMytrip Pvt.Ltd., OLX, PayPal Holdings, Inc., Craigslist, Inc..

The rising technological advancement with the smart utilization of smartphones has influenced the e-commerce platform more efficient and reachable. Also, growing social networks increases the demand for online purchasing of various products. This platform sells various types of products such as books & stationery, automobile, cosmetics, clothes, beauty care, home decor, and many other products. Thus, many consumers are shifting towards e-commerce websites and further propelling the growth of Business-to-Consumer (B2C) E-commerce Market in recent years. However, the emergence of fraudulent websites, data security, and delivery of the wrong or defective product by many eCommerce sites are some factors that impede the growth of Business-to-Consumer (B2C) E-commerce market during the forecast period. Whereas, high technological advancement in the eCommerce industry will create lucrative growth opportunities for Business-to-Consumer (B2C) E-commerce Market in near future.

Asia Pacific is incorporated to be the fastest-growing region for Business-to-Consumer (B2C) E-commerce Market in 2021. This growth is majorly accounted for owing to the increasing popularity of international brands, increasing web shoppers, changing lifestyle trends, increasing use of social media networks, and growing internet networks in this region. In addition, the presence of the major world's population in the countries such as India and China and the availability of large economic development are some other parameters that bolster the growth of Business-to-Consumer (B2C) E-commerce Market over projected years in this region.