PUBLISHER: Allied Market Research | PRODUCT CODE: 1193242
PUBLISHER: Allied Market Research | PRODUCT CODE: 1193242
Cross-border B2C e-commerce generally refers to buying and selling of goods through online stores across international and national borders. A transaction entity that conducts business in two or more nations is involved here. Moreover, with cross-border e-commerce, buyers and sellers get the opportunity to expand their reach to various countries rather than just trading in their own country.
Cross-border B2C E-commerce helps both buyer and seller to increase their market reach as consumers have more purchasing options at good price and simultaneously the seller has a big consumer reach. Therefore, this is one of the major driving factors for the market. In addition, cross-border B2C e-commerce helps to increase sales and revenue for e-commerce websites as they get international traffic in their websites, which helps them to make their brand visible. Moreover, with increase in smartphone users and penetration of internet, it has become easier for both businesses and consumers to locate each other to buy and sell products through e-commerce websites. Therefore, these are some of the major factors that propel growth of the cross-border B2C E-commerce market. However, in case of a cross border e-commerce purchase, seller charges a hefty amount for delivering products to customers as it involves various taxes, which increases the overall cost of the product. Therefore, this is a major drawback for the cross-border B2C E-commerce market growth. Furthermore, there are high chances of receiving faulty or damaged products, and if this situation arises, then it is very difficult for the customer to return back the product to seller. Thus, these are some of the major restraints in the cross-border B2C E-commerce market. On the contrary, growing trade relations among various countries and improvement in cross border channels for transportation of products from one country to another, along with government support for execution of trade among countries is expected to provide lucrative growth opportunities for the market in the coming years.
The cross-border B2C E-commerce market is segmented on the basis of offering, payment method, category, end user, and region. By offering, it is segmented into assorted brands and in-house brands. By payment method, it is bifurcated into credit/debit cards, digital wallets, internet banking, and others. By category, it is segregated into apparel and accessories, personal care & beauty, entertainment & education, healthcare & nutrition, foods & beverages, and others. On the basis of end user, it is divided into adults, teenagers/millennials, senior citizens, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report analyzes profiles of key players operating in the cross-border B2C E-commerce market such as Alibaba Group Holding Limited, Anchanto Pte. Ltd., BoxMe, Deutsche Post DHL Group, Fruugo.com Ltd., Joybuy.com, SIA Joom, Paypal, pinduoduo.com, and Shein. These players have adopted various strategies to increase their market penetration and strengthen their position in the cross-border B2C E-commerce industry.
Key benefits for stakeholders
By Category
By End User
By Offering
By Payment Method
By Region