Global C2C E-Commerce Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global C2C E-Commerce Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

C2C (consumer-to-consumer) e-commerce refers to the buying and selling of goods or services between individual consumers through an online platform or marketplace. In this type of e-commerce, consumers act as both buyers and sellers, and transactions may be facilitated by a third-party platform, which may charge a fee or commission for its services.

Market Overview:

The latest research study on the global C2C E-Commerce market finds that the global C2C E-Commerce market reached a value of USD 817277.0 million in 2022. It’s expected that the market will achieve USD 1190602.0 million by 2028, exhibiting a CAGR of 6.47% during the forecast period.

Online shopping has increased The surge in online shopping during the COVID-19 pandemic has had a significant impact on the development of the C2C e-commerce industry. With more consumers shifting to online shopping, C2C e-commerce platforms such as Alibaba, Amazon.com, Inc. have experienced a sharp increase in demand. This has led to a greater emphasis on improving the overall customer experience and the quality of the products sold on these platforms. The increased competition among sellers has also resulted in efforts to lower prices and improve product quality.

Logistics capacity is under great pressure

In 2020, with the outbreak of COVID-19, many users stayed at home, and their shopping needs turned to online. However, the logistics industry is a labor-intensive industry, and a large number of people gathered, which caused employees to worry about being infected with the virus. The shortage of labor and the strong demand for express delivery brought extra pressure to the logistics and supply chain system of C2C e-commerce platform. In addition, many countries have implemented restrictions on international travel and shipping, which has made it difficult for sellers to ship goods to buyers in other countries. This has led to delays and increased shipping costs, which can be a barrier to entry for many buyers and sellers.

Industry is encouraged and supported by policies

The growth of the digital economy and advancements in technology have led to the development of a thriving C2C (consumer-to-consumer) e-commerce market. Many countries around the world have shown strong support for the digital economy, recognizing its potential to drive economic growth and create new job opportunities. For example, in September 2020, China issued the Opinions of the General Office of the State Council on Accelerating the Development of New Consumption with New Format and New Mode, which called for promoting the organic integration of online and offline consumption, supporting Internet platform enterprises to extend and expand offline, accelerating the digital transformation and transformation and upgrading of traditional offline formats, and guiding entities to develop more digital products and services.
In addition, under the goal of double carbon, the concept of recycling of idle economy has been enlarged again.

Tenth Five-Year Plan for Circular Economy Development issued by China in July 2021 also proposed to encourage the development of second-hand model in internet plus, so as to provide standardized and standardized services for second-hand commodity transactions. This will provide better support for promoting the further development of C2C market.

Competition from established marketplaces

Competition from established marketplaces is one of the major challenges that new C2C marketplaces face. Established marketplaces like Amazon and eBay have already built a strong reputation and have a large user base, which can make it difficult for new C2C marketplaces to attract buyers and sellers. These established marketplaces have also invested heavily in their technology, logistics, and customer service, which can give them a competitive advantage over new marketplaces.

Region Overview:

India had the highest growth rate of all regions in 2022.

In 2022, the share of the C2C E-Commerce market in China stood at 48.91%.

Company Overview:

Alibaba is one of the major players operating in the C2C E-Commerce market, holding a share of 57.59% in 2023.

Alibaba

Alibaba is a provider of e-commerce and technology infrastructure services. The company provides fundamental technology infrastructure services to merchants, brands, retailers and businesses to market, sell and operate using Internet.

Amazon.com, Inc.

Amazon.com is an American tech multinational whose business interests include e-commerce, cloud computing, digital streaming, and artificial intelligence. The company provides products such as apparel, auto and industrial items, beauty and health products, electronics, grocery, games, jewelry, kids and baby products, music, sports goods, toys, and tools.

Segmentation Overview:

Classifieds: With classifieds there are multiple sellers, posting their items and advertisements, and the interaction is usually on a per ad basis.

Auctions: Auctions in C2C e-commerce refer to online platforms where individuals can bid on and purchase goods and services from other individuals.

The Auctions segment by type showed a value growth of 9.73% in 2022.

Among different product types, Classifieds segment is anticipated to contribute the largest market share in 2028.

Application Overview:

The C2C e-commerce model can be applied to many industries, including beauty and personal care, food, consumer electronics, and many others. In fact, C2C e-commerce has become increasingly popular in recent years, as more and more consumers are turning to online marketplaces to buy and sell goods and services directly to each other.

By application, the Clothing & Footwear segment occupied the biggest share from 2018 to 2022.

Key Companies in the global C2C E-Commerce market covered in Chapter 3:

Etsy
Auctions.com
Alibaba
eBay Inc.
Amazon.com, Inc.
Airbnb, Inc.

In Chapter 4 and Chapter 14.2, on the basis of types, the C2C E-Commerce market from 2018 to 2029 is primarily split into:

Classifieds
Auctions

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the C2C E-Commerce market from 2018 to 2029 covers:

Beauty and Personal Care
Food
Consumer Electronics
Clothing & Footwear
Home Decoration
Life Convenient Service
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)