PUBLISHER: Orion Market Research | PRODUCT CODE: 1078147
PUBLISHER: Orion Market Research | PRODUCT CODE: 1078147
North America E-commerce Retail Market Size, Share & Trends Analysis Report by Product Type (Electronics, Grocery, Fashion, Home Decor, Healthcare, Automobile, Sports, Beauty and Personal Care, Kitchenware, and Other), and by End User (Business to Business, Business to Customer, and Customer to Customer) Forecast Period (2022-2028)
The North Americae-commerce retail market is anticipated to grow at a significant CAGR of 11.7% during the forecast period. The e-commerce companies have significant opportunities to explore the e-commerce retail market due to high internet and smartphone penetration in the North American region. It also helps e-commerce companies in expanding their business through wider reach. However, the high cost of reverse logistics and expensive workforce will affect the growth of the e-commerce retail market. The cost of reverse logistics in major countries of North America is a concern for e-commerce companies. The companies operating in the region also have to deal with high expenditure on the workforce.
The North America e-commerce retail market is segmented based on the product type and end-user. Based on the product type, the market is segmented into electronics, grocery, fashion, home decor, healthcare, automobile, sports, beauty and personal care, kitchenware, and others. Based on the end-user, the market is sub-segmented into business to business, business to customer, and customer to customer. The above-mentioned segments can be customized as per the requirements. Based on the end-user,business to the customer is projected to grow significantly during the forecast period owing to the company sellingthe product directly to the customers which reduce the extra cost ofselling to the retailers. It reduces the price for the customer and increases the sales of the product.
Geographically, The North America e-commerce retail market is segmented into countries such as the US, Canada, and the Rest of North America. Canada is anticipating witnessing significant growth during the forecast period owing to the available infrastructure and resources to help the market.
The major companies serving the North Americae-commerce retail market include Apple Inc., Amazon.com Inc., Home Depot Product Authority Inc., Target Corp., Wal-Mart Stores Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in 2020 at the time of COVID-19 Walmart's e-commerce sales soared. In 2020, Walmart's US e-commerce sales grew 97% (pdf) in the second quarter compared to the same period in 2019, the fastest rate on record for the world's largest retailer.
Research Methodology
The market study of the North Americae-commerce retail market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
The report provides an in-depth analysis of the market size, andintended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers
Category- E-Commerce