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NEW YORK , July 18, 2022 /PRNewswire/ -- The B2C e-commerce market includes online sales of products such as apparel, footwear, accessories, consumer electronics and electricals, cosmetics, and food and beverages to individual customers.Customers are using websites and mobile wallets to purchase and pay for products owing to increased levels of digitization.
The business-to-consumer e-commerce market size in China is expected to grow by USD 3851.34 bn from 2019 to 2024. Technavio estimates that the market will decelerate at a CAGR of 31% during the forecast period.
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Business-To-Consumer E-Commerce Market in China 2020-2024: Vendor Analysis and Scope
To help businesses improve their market position, Technavio's report provides a detailed analysis of around 25 vendors operating in the market. Some of the major vendors of the business-to-consumer e-commerce market in China include Alibaba Group Holding Ltd., Amazon.com Inc., E-Commerce China Dangdang Inc., GOME Retail Holdings Ltd., JD.com Inc., LightInTheBox Holding Co. Ltd., Rakuten Inc., Sun Art Retail Group Ltd., Suning Holdings Group, and Vipshop Holdings Ltd. The key offerings of some of these vendors are listed below:
The report also covers the following areas:
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Business-To-Consumer E-Commerce Market in China 2020-2024: Segmentation
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Business-To-Consumer E-Commerce Market in China 2020-2024: Revenue-generating Product Segment
The apparel, footwear, and accessories segment will have significant market share growth during the forecast period. Rising fashion consciousness, evolving fashion trends, and growing attraction toward premium and international brands are expected to drive the segment's revenue.
Business-To-Consumer E-Commerce Market in China 2020-2024: Driver and Challenge
An increase in Internet and smartphone penetration is driving the growth of the market. The growth of wireless and fixed connections has increased the degree of broadband penetration in China . In addition, the rapid rate of smartphone penetration has led to significant growth opportunities for online retailers in China .
The absence of touch and feel element in online shopping is challenging the growth of the market. Customers prefer shopping in brick-and-mortar stores to purchase premium products such as apparel, luxury watches, footwear, fragrances, and others. Such stores allow the customers to examine the products physically.
Business-To-Consumer E-Commerce Market in China 2020-2024: Key Highlights
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Business-To-Consumer E-Commerce Market in China Scope
Decelerate at a CAGR of 31%
Leading companies, competitive strategies, consumer engagement scope
Alibaba Group Holding Ltd., Amazon.com Inc., E-Commerce China Dangdang Inc., GOME Retail Holdings Ltd., JD.com Inc., LightInTheBox Holding Co. Ltd., Rakuten Inc., Sun Art Retail Group Ltd., Suning Holdings Group, and Vipshop Holdings Ltd.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period,
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Market Segmentation by Device used
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