E-Commerce Shipping Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
The e-commerce market consists of sales of merchandise such as apparel, electronics, furniture, books, cosmetics, and other products through online channels. This industry includes e-commerce and m-commerce companies that offer home delivery services. The sales transaction between the retailers and their customers is typically done through the use of information technology, including the telephone and the internet, and the delivery of merchandise is typically done through the mail or couriers. The e-commerce industry also includes direct mailers who are selling their merchandise and retail through online websites.

Sizing and Forecast
The e-commerce market size has grown rapidly in recent years. It will grow from $3774.71 billion in 2023 to $4223.44 billion in 2024 at a compound annual growth rate (CAGR) of 11.9%.  The  growth in the historic period can be attributed to internet penetration, evolving consumer behavior, secure payment solutions, mobile adoption and apps, globalization and cross-border trade.

The e-commerce market size is expected to see rapid growth in the next few years. It will grow to $6656.29 billion in 2028 at a compound annual growth rate (CAGR) of 12.0%.  The growth in the forecast period can be attributed to marketplace diversification, subscription economy growth, evolving payment solutions, sustainable and ethical consumerism, expansion of ar and vr integration. Major trends in the forecast period include social commerce integration, mobile commerce dominance, personalized shopping experiences, subscription-based models, omnichannel retailing.

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Segmentation & Regional Insights
The e-commerce market covered in this report is segmented –

1) By Model Type: Business to Business (B2B), Business to Consumer (B2C)
2) By Payment Mode: Card Payments, Bank Transfers, Digital Wallets, Cash Payments, Other Payment Modes
3) By Application: Home Appliances, Clothing and footwear, Books, Cosmetics, Baby Goods, Groceries, Other Applications

North America was the largest region in the e-commerce market in 2023. Asia-Pacific was the second largest region in the global e-commerce market share. The regions covered in the e-commerce market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
Rising internet penetration and the growing use of smartphones are predicted to contribute to the growth of the e-commerce market. The growing usage of the internet and smartphones is shifting consumer preferences towards online shopping. For instance, in February 2023, according to Uswitch Limited, a UK-based price comparison and switching service company, there were 71.8 million mobile connections in the UK, a 3.8% (or around 2.6 million) increase over 2021. Moreover, 95% of the 68.3 million UK population, which is 65 million individuals, are expected to own a smartphone by 2025.

Key Industry Players
Major companies operating in the e-commerce market report are Walmart Inc., Amazon.com Inc., Apple Inc., Google LLC, JD.com Inc., Target Brands Inc., Dell Technologies Inc., PayPal Holdings Inc., Macy’s Inc., Pinduoduo Inc., Vipshop Holdings Ltd., Carvana Co., Wayfair LLC, Zalando SE, MercadoLibre Inc., Suning Commerce Group Co. Ltd., eBay Inc., Chewy Inc., Flipkart Private Limited, Shopify Inc., Etsy Inc., Best Buy Canada Ltd., Gome Electrical Appliances Holding Ltd., Farfetch Limited, Otto Group, Myntra Fashion Technologies Private Limited, BigCommerce Pty. Ltd., Lenskart Solutions Private Limited, Alibaba Group, Snapdeal Limited, VTEX Commerce, Magento Commerce Inc., PrestaShop S.A., Big Cartel LLC, Volusion LLC, Squarespace Inc., Weebly Inc., Shift4Shop Inc., Miva Inc.

The e-commerce market report table of contents includes:

1. Executive Summary
2. E-Commerce Shipping Market Characteristics
3. E-Commerce Shipping Market Trends And Strategies
4. E-Commerce Shipping Market - Macro Economic Scenario
5. Global E-Commerce Shipping Market Size and Growth
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31. Global E-Commerce Shipping   Market Competitive Benchmarking
32. Globa E-Commerce Shipping   Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Fat Replacers Market
34. E-Commerce Shipping   Market Future Outlook and Potential Analysis
35. Appendix

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