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The global B2C e-commerce market was valued at US$ 4.1 Trillion in 2021.
We expect the global B2C e-commerce market to exhibit a CAGR of 9.02% during 2022-2027.
The sudden outbreak of the COVID-19 pandemic has led to the growing adoption of B2C e-commerce services, owing to the temporary closure of various brick-and-mortar stores, during the lockdown scenario.
The rising consumer awareness towards the benefits of B2C e-commerce services, such as convenience, 24/7 delivery, easy return policies, multiple payment options, etc., is primarily driving the global B2C e-commerce market.
Based on the type, the global B2C e-commerce market has been segregated into B2C retailers and classifieds, where B2C retailers currently hold the largest market share.
Based on the application, the global B2C e-commerce market can be bifurcated into automotive, beauty and personal care, consumer electronics, clothing and footwear, books and stationery, home decor and electronics, travel and tourism, and others. Currently, clothing and footwear exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major 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., and Walmart Inc.
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