SNS Insider Black Friday Offer
Cross-Border B2C E-Commerce Market

Cross-Border B2C E-Commerce Market Size, Share & Segmentation by Category (Entertainment & Education, Apparel & Accessories, Consumer Electronics, Home Furnishing, Personal Care & Beauty, Healthcare & Nutrition, Footwear, Food & Beverage, Others), by Payment Method (Digital Wallets, Credit/Debit Cards, Internet Banking, Others), by Offering (In-House Brands and Assorted Brands), by End-user (Adults, Teenagers/Millennials, Senior Citizens, Others), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/OT/1947 | June 2022 | Region: Global | 130 Pages

Cross-Border B2C E-Commerce Market Overview:

The Cross-Border B2C E-Commerce market size was valued at USD 751.23Bn in 2021 and is expected to reach USD3853.33 Bn by 2028, and grow at a CAGR of 26.23% over the forecast period 2022-2028.

B2C cross-border E-Commerce may be described as E-Commerce trading over international boundaries, which entails purchasing and selling things via online storefronts across international and national borders. A transaction organization that operates in two or more nations is involved. The enterprises do business and distribute items utilizing cross-border B2C logistics on the E-Commerce platform.

Internet information technology underpins cross-border B2C E-Commerce. As a result, it expands enterprises' expanding networks, performs paperless transactions, and eliminates downtime obstacles. Increased international commerce across nations, along with an increase in industry mergers and acquisitions, is expected to create lucrative industry growth prospects. However, logistics-related challenges such as import rules, return logistics, long delivery times, and high shipping costs are projected to stymie the expansion of the cross-border B2C E-commerce business.

MARKET DYNAMICS:

KEY DRIVERS:

  • An increase in the number of young metropolitan residents who rely significantly on technology.

  • An increase in the number of young metropolitan residents who rely significantly on technology.

  • The availability of higher-quality items at lower prices is propelling the industry's expansion.

RESTRAINTS:

  • Data safety is a concern.

  • A lack of awareness of digital adoption.

OPPORTUNITY:

  • The growing worldwide digital adoption index is expected to generate enormous industrial growth prospects.

  • The region's digital adoption is measured across many sectors of the economy, including government, people, and industry.

IMPACT OF COVID-19:

The COVID-19 epidemic has had an impact on a variety of businesses throughout the world. To limit the pandemic's rapid spread, governments throughout the world enacted severe lockdown measures and social distance standards. During the early phases of the pandemic, manufacturing facilities throughout the world were shut down. Furthermore, the post-pandemic economic crisis may cause a major delay in the commercial roll-out of the Cross-Border B2C E-Commerce service business. Small and medium-sized businesses are the backbone of technology providers, and their income has dropped precipitously since the pandemic's appearance in 2020. As a result of supply chain interruptions, industry participants faced several hurdles. However, when additional supplies become available in the second half of 2022, things will improve.

MARKET ESTIMATION:

Credit/debit cards are predicted to hold the largest share in 2021 and to dominate the cross-border B2C E-commerce sector in the next years. The acceptance of credit/debit card payments across all E-Commerce platforms accounts for a sizable part of the category. Furthermore, technical improvements such as the adoption of blockchain for improved security are expected to drive category expansion. The multitude of special privileges and bonuses earned by using credit cards is expected to increase the amount paid using this method. 

The digital wallets category is expected to develop at the quickest rate in the coming years. The introduction of cross-border B2C payment platforms is expected to propel the segment's growth. Furthermore, the increasing number of non-bank competitors is expected to provide enormous cross-border B2C E-commerce industry development prospects.

KEY SEGMENTS:

On The Basis of Category

  • Entertainment & Education

  • Apparel & Accessories

  • Consumer Electronics

  • Home Furnishing

  • Personal Care & Beauty

  • Healthcare & Nutrition

  • Footwear

  • Food & Beverage

  • Others

On The Basis of Payment Method

  • Digital Wallets

  • Credit/Debit Cards

  • Internet Banking

  • Others

On The Basis of Offering

  • In-House Brands

  • Assorted Brands

On The Basis of End-user

  • Adults

  • Teenagers/Millennials

  • Senior Citizens

  • Others

REGIONAL ANALYSIS:

In 2021, Asia Pacific will account for the greatest revenue share of the worldwide cross-border B2C E-commerce market. This massive industry share can be attributable to rising internet and smartphone usage in emerging markets. Furthermore, the industry's expansion is being fueled by increased urbanization, rising living standards, and rising disposable income. The existence of a huge customer base in the Asia Pacific is expected to fuel market expansion. Furthermore, the region's developing trade links are expected to provide substantial market growth potential. Furthermore, the North America Cross-Border B2C E-Commerce industry is expected to rise steadily in the next years. The rapidly expanding market in North America can be attributable to the rising demand for high-quality items at reasonable pricing. The lack of items at lower pricing in the domestic market is expected to boost market expansion. Furthermore, the region's massive internet purchasing client base is likely to provide enormous market growth prospects. Because of the reduced prices, most US customers choose to buy from China.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

KEY PLAYERS:

The major key players are Alibaba/AliExpres, Amazon, ASOS, eBay, iHerb, Joom, Lazada, Pinduoduo, Shein, Shopee

Cross-Border B2C E-Commerce market Report Scope
Report Attributes Details
Market Size in 2021 US$ 751.23 Billion
Market Size by 2028 US$ 3853.33 Billion
CAGR CAGR 26.23% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Category (Entertainment & Education, Apparel & Accessories, Consumer Electronics, Home Furnishing, Personal Care & Beauty, Healthcare & Nutrition, Footwear, Food & Beverage, Others)
• by Payment Method (Digital Wallets, Credit/Debit Cards, Internet Banking, Others)
• by Offering (In-House Brands and Assorted Brands)
• by End-user (Adults, Teenagers/Millennials, Senior Citizens, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, +D11UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Alibaba/AliExpres, Amazon, ASOS, eBay, iHerb, Joom, Lazada, Pinduoduo, Shein, Shopee
Key Drivers •An increase in the number of young metropolitan residents who rely significantly on technology.
•The availability of higher-quality items at lower prices is propelling the industry's expansion.
Market Restraints •Data safety is a concern.
•A lack of awareness of digital adoption.


Frequently Asked Questions (FAQ) :

Ans: - The estimated market size for the Cross-Border B2C E-Commerce market for the year 2028 is USD3853.33 Bn.

Ans: - Data safety is a concern and a lack of awareness of digital adoption.

Ans: - Asia Pacific will account for the greatest revenue share of the worldwide cross-border B2C E-commerce market.

Ans: - The major key players are Alibaba/AliExpres, Amazon, ASOS, eBay, iHerb, Joom, Lazada, Pinduoduo, Shein, Shopee.

Ans: - Key Stakeholders Considered in the study are Raw material vendors, Regulatory authorities, including government agencies and NGOs, Commercial research, and development (R&D) institutions, Importers and exporters, etc.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of the Ukraine- Russia war

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7. PEST Analysis

 

8. Cross-Border B2C E-Commerce Market Segmentation, by Category

8.1 Entertainment & Education

8.2 Apparel & Accessories

8.3 Consumer Electronics

8.4 Home Furnishing

8.5 Personal Care & Beauty

8.6 Healthcare & Nutrition

8.7 Footwear

8.8 Food & Beverage

8.9 Others

 

9. Cross-Border B2C E-Commerce Market Segmentation, by Payment Method

9.1Digital Wallets

9.2 Credit/Debit Cards

9.3 Internet Banking

9.4 Others

 

10. Cross-Border B2C E-Commerce Market Segmentation, by Offering

10.1 In-House Brands

10.2 Assorted Brands

 

11. Cross-Border B2C E-Commerce Market Segmentation, by End-user

11.1 Adults

11.2 Teenagers/Millennials

11.3 Senior Citizens

11.4 Others

 

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2 Canada

12.2.3 Mexico

12.3 Europe

12.3.1 Germany

12.3.2 UK

12.3.3 France

12.3.4 Italy

12.3.5 Spain

12.3.6 The Netherlands

12.3.7 Rest of Europe

12.4 Asia-Pacific

12.4.1 Japan

12.4.2 South Korea

12.4.3 China

12.4.4 India

12.4.5 Australia

12.4.6 Rest of Asia-Pacific

12.5 The Middle East & Africa

12.5.1 Israel

12.5.2 UAE

12.5.3 South Africa

12.5.4 Rest

12.6 Latin America

12.6.1 Brazil

12.6.2 Argentina

12.6.3 Rest of Latin America

 

13. Company Profiles

13.1 Alibaba/AliExpres

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 Amazon

13.3 ASOS

13.4 eBay

13.5 iHerb

13.6 Joom

13.7 Lazada

13.8 Pinduoduo

13.9 Shein

13.10 Shopee

 

14. Competitive Landscape

14.1 Competitive Benchmarking

14.2 Market Share analysis

14.3 Recent Developments

 

15. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of a good and accurate research report and selecting the best methodology to complete the research is the toughest part. Since the research reports, we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach a stage wherein we can provide our clients best and most accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brainstorming sessions to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research as the name suggests is a research process wherein, we collect data through readily available information. In this process, we use various paid and unpaid databases to which our team has access and gather data through the same. This includes examining listed companies’ annual reports, Journals, SEC filling, etc. Apart from this, our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various universities as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content-specific facts that can be sued to solve specific problems. Since the collected data is fresh and first-hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply sides of the industry to make sure we land an accurate judgment and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses, and observation of on-field participants. The below-mentioned chart should give a better understanding of part 1 of the primary interview.

Part 2: In this part of the primary research the data collected via secondary research and part 1 of the primary research is validated with the interviews with individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence center, our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real-time.

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but is not limited to getting rid of the many typos, duplication of numbers, or missing any important information. The people involved in this process include technical content writers, research heads, and graphics people. Once this process is completed the title gets uploaded on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.