As anxiety over the pandemic increased, so too did online shopping. Consumers are still becoming more environmentally conscientious, so sustainability is key. This points to the likelihood that consumers changed their shopping habits in large part due to social distancing measures, embracing e-commerce more: Source: PostNord report, “E-commerce in Europe 2020”. Experts predict that retail ecommerce sales will reach $4.13 trillion in 2020. The digital noise is louder. To find out more and change your cookie settings, please view our Privacy Policy. This growth is somewhat lower than the 14.2 percent increase of the European ecommerce in 2019. But what about another factor to consider: speedy delivery? Pharma e-commerce Market in Europe 2020-2024: Key Highlights. FT 1000: Europe’s Fastest Growing Companies 2020 Our latest annual ranking of businesses by growth. The eCommerce market encompasses the sale of physical goods via a digital channel to a private end user (B2C). What does the global retail ecommerce forecast look like for 2020? DUBLIN, April 16, 2020 /PRNewswire/ -- The "Impact of COVID 19 on E-commerce Market" report has been added to ResearchAndMarkets.com's offering.. Advertising rates are higher. Although the pandemic has driven much of the shift in the e-commerce space, there is still a tie between COVID and conservation efforts. The EU has adopted targets to be reached by 2020 in five areas: Which product categories are seeing the fastest ecommerce growth? In the year of the pandemic, the market saw a significant increase in e-commerce sales; 293 million consumers shopped online in the past year—up from 286 million the year before. That would mean an increase of 12.7 percent compared to the situation last year. While 2020 has seen tremendous change for e-commerce, the UK has been setting the stage for this growth for years. The more the local markets in Europe turn towards globalizing themselves or may be just developing ecommerce website , the more economical development will be seen across the continent. Read our Collaborative Report on Sustainability and e-Commerce. The “France E-commerce Market - Growth, Trends, and Forecasts (2020 - 2025)” report has been added to ResearchAndMarkets.com’s offering. Roughly one third, which means that 20 million of the 50 million online consumers in the UK started shopping online more often, and that’s not limited to specific categories: in recent years, the UK has emerged as a key player in the online grocery shopping segment. News. At the end of 2020, the e-commerce in Europe is expected to be worth €717 billion, according to RetailX. The world of liquidations resale has been no exception. When the UK imposed a lockdown in March, there was a surge in online shopping. But with a combination of increased demand due to a global pandemic as well as increased capacity, what has 2020 revealed? Watch now! That same year, e-commerce grew by 10.2 percent in Western Europe and 14.5 percent in Eastern Europe. Growth in European e-commerce sales reached €636 billion in 2019, up by 14.2% from the previous year. With all the growth that’s happened, what can we expect in the coming years? Ecommerce in Europe is expected to be worth 717 billion euros at the end of 2020. The Europe 2020 strategy is the EU's agenda for growth and jobs for the 2010 - 2020 decade. E-commerce marketplaces, and in general online platforms, may facilitate economic growth by enabling sellers to access new markets and reach new customers at lower cost. Fastest growth is now food, consumer electronics and DIY. If you’re a retailer or brand, chances are you’ve been preparing for a virtual holiday spending season since the summer. Ecommerce is a rapidly growing industry – it has been for several years now, and growth will only continue to accelerate in the coming years. This website uses cookies to improve your experience. We’ve raised our forecast for food and … The factors which drive the growth … That’s because as well all know, e-commerce…, 2020 seems to have changed just about every aspect of daily lives. By Alex Rolfe July 09, 2020 Daily news. While 10.2 percent may not seem that high, this can be attributed to the fact that e-commerce in Western European countries is relatively mature. As we’ve come to learn, irreversible market-shifting trends. Ecommerce in the UK is expected to grow 10.96%. We look at emerging trends in sectors, geographies and revenues. Most online customers prefer to pay with credit cards. How can retailers prepare for the wave while managing their bottom line as well as meeting increased demand for sustainability? Global retail ecommerce sales will decelerate to a 16.5% growth rate in 2020 (down from 20.2% last year). How can they do that? And given the resources needed to fulfill those deliveries, the demands to meet sustainability goals while measuring up to speedy delivery expectations may be at odds with one another. Traditional retail sales have declined but e-commerce has seen a 129% year-over-year growth in U… A larger buyer base made up of the right buyers allows you to move inventory as needed—regardless of volume, time of year, or product category. Dec 01, 2020 Ecommerce Europe contributes to 14th ERPB meeting > Read More. To learn more, watch Head of Business Development, EMEA, Giorgio Vitale give his take on the growth of e-commerce. From salvage and discount store owners to online sellers to mom-and-pop shops, refurbishers and exporters, you’ll have direct access to a large buyer pool. However, this growth is somewhat lower than the 14.2% increase of the European e-commerce in 2019. (Digital Commerce 360, 2020) According to Statista, ecommerce sales by country shows Asia as the leader in ecommerce sales, followed by US, and Western Europe. Consumers spent $601.75 billion online with U.S. merchants in 2019, which is up 14.9% in 2018. How much of a surge? E-commerce in Europe: The Past. COVID-19 has massively accelerated the growth of e-commerce, according to an Adobe report released today. Ecommerce 2020: The latest data and forecasts for all things online retail growth It's interesting to look back at the growth of online sales and think forward to the future of this industry. The European e-commerce statistics reveal that the e-commerce growth shall remain steady every year until 2020, outpacing the increase in various traditional methods of providing retail and services. Shopify said its own growth this year has been unprecedented -- new stores created on the Shopify platform grew 71% in Q2 2020 compared to Q1 2020, with … more information Accept. Table of Contents. (Statista, 2020) Nonetheless, ecommerce momentum will be uneven this year. Bypass the landfill. Yet one thing remains constant – the period following holiday shopping is a great time to be a reseller.…, In a year that has been defined by an apparent unending stream of bad news, perhaps it’s no surprise that traditional retailers that have rushed to shift their resources to digital in hopes of saving their pandemic-plagued businesses face another…. So, while we know that the pandemic caused increases of online shopping to begin with, the country’s already-established outlet helped allow them to scale and meet demand. European e-commerce turnover is forecast to grow at around 12.7% and to hit €717 billion in 2020. They also allow total control over who is buying the inventory and how it enters the secondary market. Here are some of our favorites: 25 Hot Ecommerce Startups To Watch In 2020. We anticipate a collective $3.914 trillion in ecommerce sales this year. The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. Europe: Revenue in the eCommerce market is projected to reach US$425,182m in 2020. Most countries will still see strong growth, but two large markets, India and China, will decelerate … While 10.2 percent may not seem that high, this can be attributed to the fact that e-commerce in Western European countries is relatively mature. In 2020, the Covid-19 pandemic has caused the sudden increase of e-commerce adoption, particularly for food, fast-moving consumer goods, health and pharmaceutical products. What’s more, there was a clear correlation between anxiety over COVID-19 and consumer spending. E-Commerce in Europe: 2020’s Irreversible Growth, there is still a tie between COVID and conservation efforts, watch Head of Business Development, EMEA, Giorgio Vitale give his take on the growth of e-commerce, Those holiday returns come with a massive environmental footprint. We’ve collated a list of some of the hottest, rising startups to look out for in 2020. While demand and expectations for quick deliveries may vary by country, one thing is for certain: e-retailers like Amazon have driven the faster delivery trend and have created a shift in consumer expectations, which will likely continue. And if you’re ready to tap into the growing re-commerce market, get in touch with Giorgio. Increased competition through auctions means higher pricing; it also drives velocity, creates a sense of urgency and excitement. By marketing to a database of targeted, vetted secondary market buyers, you can control who sees your merchandise and who is allowed to buy it. Please find below the top 15 E-Commerce retailers in Europe from our E-commerce top 100 list, ranked by their online turnover (sales) generated in 2019. By partnering with B-Stock Solutions. One of the driving forces behind consumer shifts to online is same-day delivery: this year the UK became the first country outside of the US to host Amazon Shipping. 18.2.1 North America Ecommerce Software Revenue (USD Million) Forecast (2020-2027) 18.2.2 Europe Ecommerce Software Revenue (USD Million) and Growth Rate (%) Forecast (2020-2027) 18.2.3 Asia Pacific Ecommerce Software Revenue (USD Million) and Growth Rate (%) Forecast (2020 … Currently, the country holds third place globally as an e-commerce market, behind the US and China. Both food and beverage and health, personal care and beauty were the fastest-growing ecommerce categories prior to the pandemic. Trustmark SIGN UP. 1. Global Ecommerce Growth Market Size, Status and Forecast 2020-2026 , Covid 19 Outbreak Impact research report added by Report Ocean, predicts the industry’s performance for the upcoming years to help stakeholders in making the right decisions that can potentially garner strong returns. Together, we can make a difference! So what are the best ecommerce startups to be watching? Exposure to the right buyers ensures there is no confusion between primary (a-stock) or secondary (b-stock) channels and that your brand remains secure. As demonstrated by these charts from Statistica, the overall percentage of Ecommerce retail sales have certainly grown in the last few months, accounting for 16% of sales in the US in Q2 2020 . Since the start of 2020, pure e-commerce businesses in Europe experienced fluctuations in their weekly growth rates. We expect that ecommerce will reach 14.5% of total retail sales in 2020, representing both an all-time high and the biggest share increase in a single year. Competition online is steeper. Pharma E-commerce Market In Europe to grow by $ 10.69 bn during 2020-2024 | Industry Analysis, Market Trends, Market Growth, Opportunities, and Forecast 2024 | … As retailers adapt to a new method of consumer shopping, they must also prepare for a new method of returns driven as a result of consumer tactics such as bracketing—buying multiple versions of the same item to ensure they get the best product. Pharma E-commerce Market in Europe 2020-2024: Scope Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Ecommerce Europe acts at European level to help legislators create a better framework for online merchants, so that their sales can grow further. Events SIGN UP. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this. But what can we expect regarding returns of the goods they don’t want or need? But for store owners, it isn’t as simple as sitting back and watching the cash flow in. That same year, e-commerce grew by 10.2 percent in Western Europe and 14.5 percent in Eastern Europe. Whereas the percentages show how much of the sales (in 2019) was made online. A robust buyer base exists for just about every product regardless of condition, style, or brand. The COVID pandemic has shifted e-commerce in 2020, maybe more than any other time in history. The findings of the 2019 European E-commerce Report published in late August were very positive, with growth in online sales of more than 13% and estimated total sales of 621 billion euros. Here’s how it works: If executed effectively, a B2B marketplace solution offsets substantial loss for returned or excess inventory, even comparable to reprocessing back on shelf or returning to the vendor. It is expected that mobile commerce will take a market share of ecommerce of 72.9% by 2021. By developing the proper secondary market solution. By viewing our content, you are accepting the use of cookies. As we’ve seen, there is a shift in the way consumers are now getting their goods. In a world of excess stock and discount sales, retailers and brands can harness the power of the secondary market and develop strategies that serve their goals. This data predicts that by the end of 2020, global ecommerce sales will reach $4.2 trillion and make up 16% of total retail sales. Although Western Europe accounts for 66% of the market, all of the countries offer real potential for development. Auctions also mean no offline negotiating: you’ll be able to extract buyers’ highest willingness to pay and have real data on secondary market prices. How to organise global e-commerce in a complex B2B environment. Believe Athletics: “We believe in slow fashion”, A different e-commerce approach: “We care about local retailers”, Co-founders of mellow explore their cross-border eCommerce success strategy, NetOnNet leads the e-commerce market in Sweden. Net Sales '19 refers to the total sales generated in Europe in 2019, both online and offline. In 2019, Europe’s share of the global e-commerce market was about 10 percent, or $349 billion. By setting up an online auction dynamic where specifically targeted buyers compete to buy your merchandise, pricing goes up. Papers SEE PAPERS. You can also read our blog article about 2020’s vision for the industry. In 2019, Europe’s share of the global e-commerce market was about 10 percent, or $349 billion. We develop marketplaces that are customized, integrated, and scaled based on each retailer’s unique needs to sell returned, excess, or other secondary market inventory. What happens in the world of e-commerce when you combine consumerism and a global pandemic? A cautionary liquidation tale. But with … Those holiday returns come with a massive environmental footprint December 2, 2020, It’s the season of giving, which means the next season is holiday returns. Total online spending in May hit $82.5 billion, up 77% year-over-year. This ultimately means an increase of 12.7% compared to last year. It emphasised smart, sustainable and inclusive growth in order to improve Europe's competitiveness and productivity and underpin a sustainable social market economy. And these numbers are only predicted to go up as we continue into the ‘20s. As what goes up must come down, what arrives and is not wanted must go back. The fastest growing ecommerce market in the world is China. Log in, By continuing to use the site, you agree to the use of cookies. The predicted growth of 10.96 percent is the smallest growth rate since 2016, when the industry increased with only 4.47 percent, a study from RetailX shows. The French e-commerce market was valued at USD 114.4 billion in 2019 and is expected to reach USD 203.57 billion by 2025, recording a CAGR of 10.04% over the forecast period from 2020 to 2025. Home > Blog > The B-Stock Seller Blog > Industry insights > E-Commerce in Europe: 2020’s Irreversible Growth. As 2020 comes to a close, PostNord has shared their report, “E-commerce in Europe 2020.” In this article, we take a deeper look at the report and e-commerce in Europe: where it’s been, where it is, and where it’s going. Dublin, Feb. 24, 2020 (GLOBE NEWSWIRE) -- The "Europe Cross-Border B2C E-Commerce Market 2020" report has been added to ResearchAndMarkets.com's offering.. High growth … Businesses in Europe in 2019, which is up 14.9 % in 2018 allow cookies '' to give the. 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