What is the market size of e-commerce industry?
What is the market size of e-commerce industry?
Growing at an exponential rate, the market value of the e-commerce industry in India was approximately 22 billion U.S dollars in 2018. This number was estimated to reach 200 billion U.S. dollars by 2027….
| Characteristic | Value in billion U.S. dollars |
|---|---|
| 2021 | 84 |
| 2020 | 30 |
| 2018 | 21.9 |
| 2017 | 39 |
How many people use e-commerce in Germany?
Industry experts expect this trend to continue, with expected turnover of EUR 84.6 billion in 2023. With 65 million people – 80% of the German population – purchasing online on a regular basis, Germany boasts not only the most internet users in Europe but also the greatest e-commerce customer potential.
What is e-commerce in Germany?
The top 10 online stores in Germany are: Amazon (€8.82 billion), Otto (€2.96 billion), Zalando (€1.3 billion), Notebooksbilliger (€752 million), MediaMarkt (€734 million), Lidl (€594 million), Bonprix (€591 million), Cyberport (€533 million), Conrad (€494 million) and Alternate (€472 million).
Which e-commerce is best in Germany?
Top 10 Ecommerce Sites in Germany
- Amazon Germany.
- eBay Germany.
- eBay Kleinanzeigen.
- Otto.
- Idealo.
- MediaMarkt.
- Lidl.
- Zalando.
How much is ecommerce market worth?
In 2021, retail e-commerce sales amounted to approximately 4.9 trillion U.S. dollars worldwide. This figure is forecast to grow by 50 percent over the next four years, reaching about 7.4 trillion dollars by 2025.
What is the largest sector of e-commerce?
According to the Census Bureau’s 2018 E-Commerce Statistics report, manufacturing e-commerce shipments made up 67.3% or nearly $4.0 trillion of the $6.0 trillion in total value of manufacturing shipments. By comparison, retail e-commerce sales were only 9.9% or $519.6 billion of the $5.3 trillion in total retail sales.
Do people shop online in Germany?
Online shopping is omnipresent and part of our everyday life in Germany. 94 percent of all Internet users shop online which equals about 55 million German citizens. 66 percent of retailers sell their products both stationary and online – 25 percent exclusively stationary and 6 percent exclusively online.
What do Germans buy the most online?
Clothing and accessories, shoes, books, electronics, as well as medicines and drugstore articles remain the most popular items for German online shoppers [3] .
What percentage of retail sales are online Germany?
German ecommerce grew from a share in 2019 of 14.2% to 21.9% in 2021, and France’s from 9.7% to 14.2% over the same period. Special mention should be made of The Netherlands, whose online market share rose from 15.3% in 2019 to 23.9%.
What is like Amazon in Germany?
OTTO is the second-largest e-commerce in Germany, after Amazon. OTTO is a giant in the fashion and lifestyle industry – it is visited by thousands of users every day.
What is the biggest online shop in Germany?
DE amazon.de
Top 30 German e-commerce (according to ecommerceDB)
| country | online store | |
|---|---|---|
| 1 | DE | amazon.de |
| 2 | DE | otto.de |
| 3 | DE | zalando.de |
| 4 | DE | mediamarkt.de |
Is online shopping popular in Germany?
With $73.6 billion in sales in 2020, Germany is the largest e-commerce market in Europe. Germany also ranks first in terms of the number of online shoppers and is among the international leaders in terms of annual spending per shopper.
How popular is e-commerce in Germany?
The leading online shops in Germany make up around 41 percent of the revenue share in total German e-commerce revenue. German consumers certainly love shopping online and the statistics reflect this.
How big is the e-commerce market in Europe?
The number of e-commerce consumers, internet penetration and average amount spent per year is above the European average. In 2020, total sales amounted to USD 83.1 billion, which is a 23 percent growth compared to 2019.
How big is the B2C eCommerce market in Germany?
While in the beginning of the twenty first century B2C online revenue in Germany grew from one to three million euros, by 2019 figures neared 60 billion euros. Forecasts predict that revenue will only remain stable in the following years.
Is Germany’s ecommerce market saturated?
Another indicator of market saturation is the online penetration of 72% in in Germany; in other words, 72% of the German population have bought at least one product online in 2020. Five categories are considered by ecommerceDB. Electronics & Media is the largest segment in in Germany and accounts for 27% of the eCommerce revenue in in Germany.
