The Cross-Border B2C E-Commerce Market size was valued at USD 948.27 Bn in 2022 and is expected to reach USD 6112 Bn by 2030 and grow at a CAGR of 26.23% over the forecast period 2023-2030.
B2C cross-border E-Commerce may be described as E-Commerce trading over international boundaries, which entails purchasing and selling things via online storefronts across international and national borders. A transaction organization that operates in two or more nations is involved. The enterprises do business and distribute items utilizing cross-border B2C logistics on the E-Commerce platform.
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Internet information technology underpins cross-border B2C E-Commerce. As a result, it expands enterprises' expanding networks, performs paperless transactions, and eliminates downtime obstacles. Increased international commerce across nations, along with an increase in industry mergers and acquisitions, is expected to create lucrative industry growth prospects. However, logistics-related challenges such as import rules, return logistics, long delivery times, and high shipping costs are projected to stymie the expansion of the cross-border B2C E-commerce business.
KEY DRIVERS
An increase in the number of young metropolitan residents who rely significantly on technology.
An increase in the number of young metropolitan residents who rely significantly on technology.
The availability of higher-quality items at lower prices is propelling the industry's expansion.
RESTRAINTS
Data safety is a concern.
A lack of awareness of digital adoption.
OPPORTUNITY
The growing worldwide digital adoption index is expected to generate enormous industrial growth prospects.
The region's digital adoption is measured across many sectors of the economy, including government, people, and industry.
The COVID-19 epidemic has had an impact on a variety of businesses throughout the world. To limit the pandemic's rapid spread, governments throughout the world enacted severe lockdown measures and social distance standards. During the early phases of the pandemic, manufacturing facilities throughout the world were shut down. Furthermore, the post-pandemic economic crisis may cause a major delay in the commercial roll-out of the Cross-Border B2C E-Commerce service business. Small and medium-sized businesses are the backbone of technology providers, and their income has dropped precipitously since the pandemic's appearance in 2020. As a result of supply chain interruptions, industry participants faced several hurdles. However, when additional supplies become available in the second half of 2022, things will improve.
Credit/debit cards are predicted to hold the largest share in 2021 and to dominate the cross-border B2C E-commerce sector in the next years. The acceptance of credit/debit card payments across all E-Commerce platforms accounts for a sizable part of the category. Furthermore, technical improvements such as the adoption of blockchain for improved security are expected to drive category expansion. The multitude of special privileges and bonuses earned by using credit cards is expected to increase the amount paid using this method.
The digital wallets category is expected to develop at the quickest rate in the coming years. The introduction of cross-border B2C payment platforms is expected to propel the segment's growth. Furthermore, the increasing number of non-bank competitors is expected to provide enormous cross-border B2C E-commerce industry development prospects.
On The Basis of Category
Entertainment & Education
Apparel & Accessories
Home Furnishing
Personal Care & Beauty
Healthcare & Nutrition
Footwear
Food & Beverage
Others
On The Basis of Payment Method
Digital Wallets
Credit/Debit Cards
Internet Banking
Others
On The Basis of Offering
In-House Brands
Assorted Brands
On The Basis of End-user
Adults
Teenagers/Millennials
Senior Citizens
Others
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In 2021, Asia Pacific will account for the greatest revenue share of the worldwide cross-border B2C E-commerce market. This massive industry share can be attributable to rising internet and smartphone usage in emerging markets. Furthermore, the industry's expansion is being fueled by increased urbanization, rising living standards, and rising disposable income. The existence of a huge customer base in the Asia Pacific is expected to fuel market expansion. Furthermore, the region's developing trade links are expected to provide substantial market growth potential. Furthermore, the North America Cross-Border B2C E-Commerce industry is expected to rise steadily in the next years. The rapidly expanding market in North America can be attributable to the rising demand for high-quality items at reasonable prices. The lack of items at lower prices in the domestic market is expected to boost market expansion. Furthermore, the region's massive internet-purchasing client base is likely to provide enormous market growth prospects. Because of the reduced prices, most US customers choose to buy from China.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The major players are Alibaba/AliExpres, Amazon, ASOS, eBay, iHerb, Joom, Lazada, Pinduoduo, Shein, Shopee & Other Players
Amazon-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 948.27 Billion |
| Market Size by 2030 | US$ 6112 Billion |
| CAGR | CAGR 26.23% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Category (Entertainment & Education, Apparel & Accessories, Consumer Electronics, Home Furnishing, Personal Care & Beauty, Healthcare & Nutrition, Footwear, Food & Beverage, Others) • by Payment Method (Digital Wallets, Credit/Debit Cards, Internet Banking, Others) • by Offering (In-House Brands and Assorted Brands) • by End-user (Adults, Teenagers/Millennials, Senior Citizens, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, +D11UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Alibaba/AliExpres, Amazon, ASOS, eBay, iHerb, Joom, Lazada, Pinduoduo, Shein, Shopee |
| Key Drivers | •An increase in the number of young metropolitan residents who rely significantly on technology. •The availability of higher-quality items at lower prices is propelling the industry's expansion. |
| Market Restraints | •Data safety is a concern. •A lack of awareness of digital adoption. |
Ans: - The estimated market size for the Cross-Border B2C E-Commerce market for the year 2028 is USD3853.33 Bn.
Ans: - Data safety is a concern and a lack of awareness of digital adoption.
Ans: - Asia Pacific will account for the greatest revenue share of the worldwide cross-border B2C E-commerce market.
Ans: - The major key players are Alibaba/AliExpres, Amazon, ASOS, eBay, iHerb, Joom, Lazada, Pinduoduo, Shein, Shopee.
Ans: - Key Stakeholders Considered in the study are Raw material vendors, Regulatory authorities, including government agencies and NGOs, Commercial research, and development (R&D) institutions, Importers and exporters, etc.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Cross-Border B2C E-Commerce Market Segmentation, by Category
8.1 Entertainment & Education
8.2 Apparel & Accessories
8.3 Consumer Electronics
8.4 Home Furnishing
8.5 Personal Care & Beauty
8.6 Healthcare & Nutrition
8.7 Footwear
8.8 Food & Beverage
8.9 Others
9. Cross-Border B2C E-Commerce Market Segmentation, by Payment Method
9.1Digital Wallets
9.2 Credit/Debit Cards
9.3 Internet Banking
9.4 Others
10. Cross-Border B2C E-Commerce Market Segmentation, by Offering
10.1 In-House Brands
10.2 Assorted Brands
11. Cross-Border B2C E-Commerce Market Segmentation, by End-user
11.1 Adults
11.2 Teenagers/Millennials
11.3 Senior Citizens
11.4 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4 Asia-Pacific
12.4.1 Japan
12.4.2 South Korea
12.4.3 China
12.4.4 India
12.4.5 Australia
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.1 Israel
12.5.2 UAE
12.5.3 South Africa
12.5.4 Rest
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Rest of Latin America
13. Company Profiles
13.1 Alibaba/AliExpres
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Amazon
13.3 ASOS
13.4 eBay
13.5 iHerb
13.6 Joom
13.7 Lazada
13.8 Pinduoduo
13.9 Shein
13.10 Shopee
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share analysis
14.3 Recent Developments
15. Conclusion
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