The "Europe B2C E-Commerce Market Insights & Forecasts 2024" report has been added to ResearchAndMarkets.com's offering. The European B2C E-Commerce market is projected to reach over EUR 500 billi...
DUBLIN: The "Europe B2C E-Commerce Market Insights & Forecasts 2024" report has been added to ResearchAndMarkets.com's offering.
The European B2C E-Commerce market is projected to reach over EUR 500 billion by 2025, positioning it after China and the U.S. The report also indicates that by 2027, retail E-Commerce sales in Western Europe are expected to significantly increase, making up a notable double-digit percentage of all retail sales. This growth reflects the increasing consumer preference for online shopping and digital transactions.
Regional Trends
In 2023, Norway led in online purchases, followed by Switzerland and Denmark. France and Germany reported significant figures, with France exceeding EUR 100 billion in turnover and Germany nearing that mark. The UK expects to surpass EUR 200 billion in retail E-Commerce sales by 2027. Other countries, including the Netherlands, Italy, Spain, Poland, Greece, Belgium, Turkey, and Hungary, exhibit diverse online shopping trends, presenting varied opportunities and challenges.
Cross-Border E-Commerce & Payment Evolution
Cross-border E-Commerce is rapidly gaining ground in Europe, driven by several key factors. First, there's a push for more consistent regulations across EU countries, making it easier for consumers to shop across borders. Secondly, advancements in shipping and customs processes are streamlining the delivery of products, cutting down both the time and costs involved.
For consumers, this translates to greater access to diverse products, often at more competitive prices than what's available domestically. Alongside this, there is a surge in digital wallet usage, which is reshaping how payments are made online. With digital wallets offering convenience and security, alongside emerging payment methods like Buy Now, Pay Later services, the landscape of online shopping is evolving to better cater to consumer preferences, ultimately boosting sales for retailers.
Key Questions Answered:
Key Topics Covered:
1. Key Takeaways
2. Management Summary
3. Europe
3.1 Regional
3.2 UK
3.3 Germany
3.4 France
3.5 Italy
3.6 Spain
3.7 Netherlands
3.8 Sweden
3.9 Switzerland
3.10 Poland
3.11 Austria
3.12 Norway
3.13 Denmark
3.14 Belgium
3.15 Finland
3.16 Turkey
3.17 Hungary
Company Coverage:
For more information about this report visit https://www.researchandmarkets.com/r/28ueka
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Fonte: Business Wire
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