eCommerce and Other Non-Store Retailers

eCommerce and Other Non-Store Retailers

Global eCommerce and Other Non-Store Retailers Market to Reach US$8.6 Trillion by 2030

The global market for eCommerce and Other Non-Store Retailers estimated at US$3.6 Trillion in the year 2023, is expected to reach US$8.6 Trillion by 2030, growing at a CAGR of 13.0% over the analysis period 2023-2030. eCommerce Retailers, one of the segments analyzed in the report, is expected to record a 13.9% CAGR and reach US$7.8 Trillion by the end of the analysis period. Growth in the Direct Selling Establishments segment is estimated at 7.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.2 Trillion While China is Forecast to Grow at 15.3% CAGR

The eCommerce and Other Non-Store Retailers market in the U.S. is estimated at US$1.2 Trillion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.3 Trillion by the year 2030 trailing a CAGR of 15.3% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 11.1% and 12.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 12.1% CAGR.

Global eCommerce and Other Non-Store Retailers Market - Key Trends & Drivers Summarized

What Defines eCommerce and Non-Store Retailing?

eCommerce and non-store retailing encompass all shopping activities that occur outside traditional brick-and-mortar store setups. This includes online marketplaces, infomercials, catalog shopping, and vending machines, among others. The defining characteristic of these retail channels is the lack of a physical presence where buyers and sellers interact. With the advent of the internet and digital technology, eCommerce has surged to the forefront, driven by platforms that allow consumers to purchase goods and services from any location via web and mobile applications. This mode of retail combines convenience, extensive choice, and often, competitive pricing, catering to a tech-savvy consumer base seeking efficiency in their purchasing activities.

How Has Technology Transformed eCommerce and Non-Store Retail?

The rapid evolution of digital technology has profoundly transformed the landscape of non-store retailing. Innovations in web design, secure payment methods, and personalized marketing strategies, such as data-driven personalization and AI-generated recommendations, have significantly enhanced the consumer experience in online shopping environments. Mobile technology, in particular, has played a pivotal role, with smartphones becoming the preferred device for many consumers to shop online. The integration of advanced logistics solutions, including real-time order tracking and efficient delivery systems, has also improved, reducing the time from order to delivery. Furthermore, emerging technologies like augmented reality (AR) and virtual reality (VR) are beginning to influence the online shopping experience by allowing customers to visualize products in a simulated environment, further blurring the lines between physical and digital shopping experiences.

What Trends Are Shaping the Future of eCommerce and Non-Store Retailers?

Several significant trends are currently shaping the future of eCommerce and other non-store retailers. The rise of social media shopping, where consumers can shop directly through social media platforms, is making online shopping even more accessible and integrated into daily activities. Additionally, the push towards sustainability is evident, with more consumers preferring to buy from brands that demonstrate environmental consciousness in their packaging and sourcing methods. Another notable trend is the increasing use of subscription services and direct-to-consumer sales models, which build brand loyalty and provide consumers with a convenient, ongoing delivery of products. The global nature of eCommerce also means that retailers are expanding their reach beyond local markets, providing international sales and shipping options to meet the demands of a growing global customer base.

Growth in the eCommerce and Other Non-Store Retailers Market Is Driven by Several Factors

The growth in the eCommerce and other non-store retailers market is driven by several factors, including the increasing penetration of internet and mobile device usage across the globe. Consumer behavior has shifted dramatically in favor of online shopping, which is perceived as more convenient, often more affordable, and provides a wider array of products than traditional retail. The impact of the COVID-19 pandemic has further accelerated this trend, as consumers turned to online shopping amid physical store closures and health concerns. Technological advancements that simplify online transactions and enhance the user experience also contribute to market growth. Additionally, improvements in logistics and supply chain management have enabled retailers to offer faster and more reliable delivery options, which have been crucial in winning over consumer trust and increasing repeat business. The combination of these factors ensures continued dynamic growth in the eCommerce and non-store retail sectors.

Select Competitors (Total 133 Featured) -

• Apple, Inc.
• Amazon.com, Inc.
• Amway Corporation
• Best Buy Co., Inc.
• Bed Bath & Beyond, Inc.
• Costco Wholesale Corporation
• Alibaba Group Holding Limited
• Argos Limited
• Casper Sleep, Inc.
• ASOS PLC
• BigCommerce, Inc.
• Chewy Inc.
• Carrefour
• Coupang Corp.
• Americanas

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.