New York, NY, Nov. 22, 2020 (GLOBE NEWSWIRE) -- Facts and Factors have published a new research report titled “Cross-Border B2C E-Commerce Market By Category (Entertainment & Education, Apparel & Accessories, Consumer Electronics, Home Furnishing, Personal Care & Beauty, Healthcare & Nutrition, Footwear, Food & Beverage, and Others), By Payment Method (Digital Wallets, Credit/Debit Cards, Internet Banking, and Others), By Offering (In-House Brands and Assorted Brands), and By End-User (Adults, Teenagers/Millennial, Senior Citizens, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026”.
According to the research study, the global Cross-Border B2C E-Commerce Market size & trends was estimated at USD 780 Billion in 2019 and is expected to reach USD 4,820 Billion by 2026, at 27% CAGR through 2027.
Advanced e-commerce technologies subtract marketing costs which have developed the target market. Apparel & accessories, digital wallets, assorted brands, and adult categories of category, payment method, offering, and end-user segments are estimated to be the leading ones in 2026. Europe is anticipated to continue its dominance in 2026 as well.
Cross-border e-commerce is an international online trade. It involves purchasing and selling of products through online shops across international as well as national borders. The trade is between a business or retailer or brand and customer. There are several categories of cross-border e-commerce such as entertainment & education, apparel & accessories, consumer electronics, home furnishing, personal care & beauty, healthcare & nutrition, footwear, and food & beverage. The payment method for cross-border e-commerce involves digital wallets, credit/debit cards, and internet banking. Cross-border e-commerce is utilized by adults, teenagers/millennials, or senior citizens.
Browse through 34 Tables & 92 Figures spread over 195+ Pages and in-depth TOC on “Global Cross-Border B2C E-Commerce Market Size & Share 2020 Analysis and Forecast to 2027”.
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• Regional Analysis with Graphical Representation of Size, Share & Trends
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• Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
• Facts and Factors research methodology
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Globalization has enhanced the volume and variety of cross-border transactions in services as well as products through rapid and widespread diffusion of technology. This is has been driving the global cross-border B2C e-commerce market trends. In addition, advanced e-commerce technologies subtract marketing costs as well as administration expenditures. This enables companies to reach dispersed markets. This has propelled the target market as well. However, customer data belongs to the marketplace which may prove as a restraining factor over the forecast period. Nevertheless, fast-paced internet technologies are extending the international business market. This is anticipated to create lucrative growth opportunities over the forecast period.
Top Market Players
Some of the key players operating in the target Cross-Border B2C E-Commerce market are AirBridgeCargo Airlines, eBay,AliExpress.com, ASOS, ACES, BigCommerce, Jagged Peak, Amazon.com, Pitney Bowes, Tmall, Eunimart Multichannel, JD.com, Vipshop, and Zalando.
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Cross-Border B2C E-Commerce Market: Key Segments Analysis
On the basis of category, the cross-border B2C e-commerce market includes entertainment & education, apparel & accessories, consumer electronics, home furnishing, personal care & beauty, healthcare & nutrition, footwear, food & beverage, and others. The apparel & accessories are likely to hold the highest market share over the forecast period due to the maximum usage of cross-border B2C e-commerce in terms of apparel & accessories.
By payment method, the market includes digital wallets, credit/debit cards, internet banking, and others. The digital wallets category is predicted to hold the highest share as this payment method is utilized most.
By offering, the Cross-Border B2C E-Commerce market includes in-house brands and assorted brands. The assorted brand's category is likely to hold the largest market share as these brands hold maximum demand.
Based on end-user, the market is classified into adults, teenagers/millennials, senior citizens, and others. The adult's segment is expected to hold the highest market share owing to the utilization of cross-border B2C e-commerce mostly by adults.
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Cross-Border B2C E-Commerce Market: Regional Analysis
In terms of region, the target Cross-Border B2C E-Commerce market is segmented as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these regions, Europe is anticipated to be the dominating region over the forecast period due to the increasing number of online buyers. The United Kingdom is projected to make prominent contributions to the target market in Europe over the forecast period.
Browse the full “Cross-Border B2C E-Commerce Market By Category (Entertainment & Education, Apparel & Accessories, Consumer Electronics, Home Furnishing, Personal Care & Beauty, Healthcare & Nutrition, Footwear, Food & Beverage, and Others), By Payment Method (Digital Wallets, Credit/Debit Cards, Internet Banking, and Others), By Offering (In-House Brands and Assorted Brands), and By End-User (Adults, Teenagers/Millennial, Senior Citizens, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/cross-border-b2c-e-commerce-market-by-category-852
This report segments the Cross-Border B2C E-Commerce market as follows:
Global Cross-Border B2C E-Commerce Market: By Category Segmentation Analysis
- Entertainment & Education
- Apparel & Accessories
- Consumer Electronics
- Home Furnishing
- Personal Care & Beauty
- Healthcare & Nutrition
- Footwear
- Food & Beverage
- Others
Global Cross-Border B2C E-Commerce Market: By Payment Method Segmentation Analysis
- Digital Wallets
- Credit/Debit Cards
- Internet Banking
- Others
Global Cross-Border B2C E-Commerce Market: By Offering Segmentation Analysis
- In-House Brands
- Assorted Brands
Global Cross-Border B2C E-Commerce Market: By End-User Segmentation Analysis
- Adults
- Teenagers/Millennial
- Senior Citizens
- Others
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Key Insights from Primary Research
- According to an interview with Cross-Border B2C E-Commerce industry participants, due to globalization, the volume and variety of cross-border transactions in services as well as products have enhanced which has surged the target market growth
- The growing number of online buyers has propelled the target market growth as well
- Target market generated revenue of around USD 560 Billion in 2018
- Europe was the major revenue generator in 2018
- Apparel & accessories, digital wallets, assorted brands, and adults categories of category, payment method, offering, and end-user segments were the major revenue generators in 2018
Read, Cross-Border B2C E-Commerce Industry Press Release
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