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The global B2C E-Commerce market is expected to double from 2022 to 2025: New report from yStats.com | |
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September 18, 2023 The latest release from Hamburg-based market research company yStats.com, titled "Global B2C E-Commerce Market 2023," provides an overview of global trends in the B2C E-Commerce market and insights into the growth potential of various markets through key figures, forecasts, and trends. The global B2C E-Commerce market initially experiences strong growth followed by a moderate growth outlook. While the world witnessed a boom in online shopping during the years of the pandemic, with E-Commerce adoption reaching historic highs, the global B2C E-Commerce market reported single-digit decline in 2022, as reported by yStats.com. This was the lowest growth figure in many years. Nevertheless, forecasts indicate that the B2C E-Commerce market will steadily grow until 2026, albeit with a single-digit annual growth rate. A similar trend is expected in Western Europe, as this market is projected to have an average annual growth rate of less than 5% between 2022 and 2026. This indicates limited growth potential following the previous "pandemic boom." However, it is worth noting that several European countries, including Norway, Denmark, the Netherlands, and Sweden, have maintained their high online shopping penetration. The Asia-Pacific and Latin America regions are expected to be the drivers of B2C E-Commerce growth in the coming years. Southeast Asia is expected to maintain a double-digit annual growth rate between 2022 and 2026. In 2022, the Asia-Pacific region surpassed North America and Western Europe, reaching the highest value of B2C E-Commerce sales worldwide. China is expected to reach a B2C E-Commerce sales value of nearly $1 trillion by 2025, significantly surpassing the United States and Europe. Latin America also shows significant growth potential in the B2C E-Commerce market, with forecasts expecting an average annual growth rate in the mid-double digits until 2025. This will result in nearly doubling the market value between 2022 and 2025. In 2022, Brazil led the region in terms of market size, followed by Mexico and Argentina. Argentina is expected to lead in terms of market CAGR by 2025, followed by Colombia and Mexico, all experiencing mid-double-digit percentage growth. yStats.com's "Global B2C E-Commerce Market 2023" report offers valuable insights for companies operating in this dynamic market and highlights that despite the challenges of the past year, exciting opportunities await in new regions. For further information, see: https://ystats.com/shop/global-b2c-e-commerce-market-2023/ Press Contact: yStats.com GmbH & Co. KG E-Mail: press@ystats.com Website: www.ystats.com Twitter: www.twitter.com/ystats LinkedIn: www.linkedin.com/company/ystats Source: https://www.1888pressrelease.com/the-global-b2c-e-commerce-market-is-expected-to-double-from-pr-726214.html |
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