Market Research Report
Asia-Pacific B2C E-Commerce Market 2017
|Published by||yStats.com GmbH & Co. KG||Product code||517575|
|Published||Content info||273 Pages/Charts
Delivery time: 1-2 business days
|Asia-Pacific B2C E-Commerce Market 2017|
|Published: June 14, 2017||Content info: 273 Pages/Charts||
"Asia-Pacific forecasted to take half of global online retail sales by 2021, reports yStats.com"
Asia-Pacific is the largest and one of the fastest growing online retail markets worldwide. The yStats.com report reveals that this region is predicted make up almost half of global B2C E-Commerce sales by 2021. It also maintains a share of more than 50% in terms of global sales when services and C2C sales are included. In the time period between 2016 and 2021, E-Commerce sales in Asia-Pacific are forecasted to experience hefty double-digit growth rates as well as an increase in the digital commerce share of retail.
In this same time frame, India ranks highest regarding growth rate in the region, exceeding even China, highlights the yStats.com report. Both countries are set to experience future growth stemming from rural areas due to rapidly rising Internet and online shopper penetration rates. Nations in Southeast Asia are also experiencing E-Commerce growth spurts.
Australia, Japan, and South Korea are forecasted to see moderate growth rates as they are advanced markets and the rate of online shopping penetration is already high. To give an example, the share of online retail sales compared with total retail sales is close to 20% in South Korea, highlights yStats.com's report. The amount of new online shoppers is beginning to stagnate and as a result, E-Commerce is making changes to stimulate more purchases by reducing delivery times, increasing number of products and making a shift to M-Commerce.
Mobile is the key trend found amongst the entire Asia-Pacific region. In many countries, M-Commerce's share of B2C E-Commerce sales is already more than one-third, and is as high as almost half in some markets. An increase to smartphone penetration rates underlines this pattern and leading marketplaces like Amazon, Alibaba, JD.com, Flipkart, Lazada and Rakuten see evidence towards increased mobile traffic and share of transactions.
aCommerce Co. Ltd., Alibaba Group Holding Ltd, Amazon.com Inc, Ascend Commerce Co. Ltd., Ayala Corporation, Central Group, Deutsche Post AG, Elevania ID, Facebook Inc., FPT Corporation, Giosis Pte. Ltd., Instagram Inc., Lazada Group SA, LINE Corporation, MasterCard Inc., MatahariMall.com, Mobile World JSC, Mudah.my, OLX Inc., Paypal Inc., RedMart Ltd., Tiki Corporation, Tokopedia PT, Visa Inc., VNG Corporation, Zalora Group, 11street Co. Ltd., JD.com Inc., Suning Commerce Group Co. Ltd., Wal-Mart Stores Inc., Vipshop Holdings Ltd., Flipkart Online Services Pvt. Ltd., Amazon Seller Services Pvt. Ltd., Jasper Infotech Pvt. Ltd., One97 Communications, eBay Korea Co. Ltd., SK Group, Forward Ventures Co. Ltd., Wemakeprice Inc.