Global Ecommerce and Other Non-Store Retailers Market to Reach $9.5 Trillion by 2027
Amid the COVID-19 crisis, the global market for Ecommerce and Other Non-Store Retailers estimated at US$2.8 Trillion in the year 2020, is projected to reach a revised size of US$9.5 Trillion by 2027, growing at a CAGR of 19.1% over the analysis period 2020-2027. E-Commerce, one of the segments analyzed in the report, is projected to record a 20.6% CAGR and reach US$4.5 Trillion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Vending Machine Operators segment is readjusted to a revised 18.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $753.6 Billion, While China is Forecast to Grow at 24.7% CAGR
The Ecommerce and Other Non-Store Retailers market in the U.S. is estimated at US$753.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.3 Trillion by the year 2027 trailing a CAGR of 24.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.7% and 17% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 15.1% CAGR.
Direct Selling Establishments Segment to Record 16.8% CAGR
In the global Direct Selling Establishments segment, USA, Canada, Japan, China and Europe will drive the 15.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$371 Billion in the year 2020 will reach a projected size of US$1 Trillion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.5 Trillion by the year 2027, while Latin America will expand at a 18.6% CAGR through the analysis period. We bring years of research experience to this 8th edition of our report. The 187-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- Alibaba Group Holding Ltd.
- Amazon.com, Inc.
- Amway Corporation
- eBay Inc.
- QVC, Inc.