Market Research Future (MRFR) has published a Half cooked research report on the “Global Cross-border B2C E-commerce Market” that contains information from 2018 to 2032. The Cross-border B2C E-commerce market is estimated to register a CAGR of 27.30% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Cross-border B2C E-commerce market— Pinduoduo, BoxMe, Alibaba Group, Joom, DHL Group, JD.com (JingDong), Shein, Paypal, Anchanto, Fruugo
Cross-border B2C E-commerce Market Highlights
The global Cross-border B2C E-commerce market is accounted to register a CAGR of 27.30% during the forecast period and is estimated to reach USD 6585.3 Billion by 2032.
The cross-border business-to-consumer (B2C) e-commerce market consists of online transactions between businesses and customers in several countries. It is driven by improved payment and logistics systems and increased consumer demand for imported goods.
Segment Analysis
The global Cross-border B2C E-commerce market has been segmented based Category, End User, Offering and Payment Method
On the basis of Category, the market is segmented into Apparel and Accessories, Personal Care and Beauty, Entertainment and Education, Healthcare and Nutrition, Food and Beverage, and Others. Apparel and Accessories segment dominated the global market in 2022. The expansion of global trade has increased the need for online clothing and accessory buying through e-commerce platforms, which is anticipated to spur category growth.
Based on End User, the global Cross-border B2C E-commerce market has been segmented into Adults, Teenagers/Millennial, Senior Citizens, and Others. Adults segment dominated the global Cross-border B2C E-commerce market in 2022. This might be a result of people's growing discretionary incomes globally.
Based on Offering, the global Cross-border B2C E-commerce market has been segmented into Assorted Brands and In-House Brands. Assorted Brands segment dominated the global Cross-border B2C E-commerce market in 2022. This growth can be ascribed to the extensive selection of products available through international e-commerce.
Based on Payment Method, the global Cross-border B2C E-commerce market has been segmented into Digital Wallets, Internet Banking, Credit/Debit Cards, and Others. Credit/Debit Cards segment dominated the global market in 2022. Due to the widespread acceptance of credit/debit card payments across all e-commerce platforms, a sizable market share has been attained.
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Regional Analysis
The global Cross-border B2C E-commerce market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Cross-border B2C E-commerce market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Cross-border B2C E-commerce market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Cross-border B2C E-commerce market comprises of Middle East, Africa, and Latin America.
The North America Cross-Border B2C E-commerce Market had the number one position in this market in 2022 (45.6%). This increase is due to consumers' rising need for products that are both reasonably priced and of great quality. Furthermore, the high Price Level Index (PLI) in this area encourages the growth of the local market by allowing people to shop for goods at reasonable prices. For instance, China's PLI is 59 while the U.S.'s is 113, enabling domestic customers to save money on goods.
Moreover, the cross-border B2C e-commerce market in Europe has a substantial market share in 2022. During the global pandemic, Germany's share of recent sales from foreign clients climbed by 14%. This represents a 12% increase over 2019 figures. On the other hand, the United Kingdom observed a decline from 13% in 2019 to 10% in 2022. Future years should see rapid growth in the Middle East, Africa, and Latin America due to a burgeoning younger population and a rapidly increasing e-commerce sector.
Additionally, the Asia Pacific Cross-Border B2C E-commerce market is expected to grow significantly between 2023 and 2032. The vast consumer base in the area accounts for the supremacy. The region's expanding international business linkages are also expected to support regional development. For instance, the conditions of China's free trade deal with New Zealand were strengthened as a result of its productive business partnerships abroad. This trade agreement opens the door for more extensive tariff-free programmes, quicker export processes, and better market access. These trade agreements will therefore have an impact on the expected period of industrial expansion.
Furthermore, the rest of the world's Cross-border B2C E-commerce market is divided into the Middle East, Africa, and Latin America. The cross-border B2C e-commerce market in Latin America is rapidly growing as a result of rising internet usage and consumer trust in online purchases. An enhanced logistics infrastructure and increased disposable incomes are driving cross-border transactions, and key players are expanding their operations and offering services that are specially adapted to the needs of the Latin American market.
Key Findings of the Study
- The global Cross-border B2C E-commerce market is expected to reach USD 6585.3 Billion by 2032, at a CAGR of 27.30% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market. The dominance is due to the area's enormous consumer base. Regional development is also predicted to be aided by the region's developing international commercial connections.
- Based on Offering, the Assorted Brands segment was attributed to holding the largest market in 2022,
- Pinduoduo, BoxMe, Alibaba Group, Joom, DHL Group, JD.com (JingDong), Shein, Paypal, Anchanto, Fruugo
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Companies Covered | 15 |
Pages | 128 |
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