Global Ecommerce & Other Non-Store Retailers Market Trends And Strategies Of Major Players In The Ecommerce & Other Non-Store Retailers Market 2020
7 Dec, 2020
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The global ecommerce & other non-store retailers’ market is expected to grow from $1983.3 billion in 2019 to $2004.1 billion in 2020 at a compound annual growth rate (CAGR) of 1.1%. The low growth is mainly due to the economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $2485.8 billion in 2023.
The e-commerce and other non-store retailers’ market consists of sales by e-commerce and other non-store retailers. These entities (organizations, sole traders and partnerships) retail goods by delivery after making sales over the internet and by mail-order or door-to-door solicitation and in-home demonstration, from vending machines and through portable stalls. Entities such as home heating oil dealers and newspaper delivery service providers that sell their products non-store are included in this subsector, as are street vendors (except food).
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The global ecommerce & other non-store retailers’ market is further segmented based on type, product and geography.
By Type: E-Commerce, Vending Machine Operators, Direct Selling Establishments
By Product: Food, Clothing, Healthcare, Electronics, Others.
By Geography: The global ecommerce & other non-store retailers’ market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the North America ecommerce & other non-store retailers market accounts for the largest share of 39% in the global ecommerce & other non-store retailers’ market 2019.
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Trends In The Ecommerce & Other Non-Store Retailers Market
Cashback is the newest trend in the e-commerce industry for customer acquisition, better branding and efficient market capitalization. Cashback is a form of incentive offered to customers where they receive a cash refund in their digital wallet after making their purchase from the e-commerce website. The cashback offer not only increases the initial demand for the product but also the probability that a customer purchases again on the same company’s website. It is beneficial for customers as well as companies as the customer receives extra cash for the next purchase and the company receives repeat purchase and customer loyalty.
Ecommerce & Other Non-Store Retailers Global Market Report 2020 is one of a series of new reports from The Business Research Company that provides ecommerce & other non-store retailers market overviews, analyzes and forecasts market size and growth for the global ecommerce & other non-store retailers market, ecommerce & other non-store retailers market share, ecommerce & other non-store retailers market players, ecommerce & other non-store retailers market segments and geographies, ecommerce & other non-store retailers market’s leading competitors’ revenues, profiles and market shares. The ecommerce & other non-store retailers market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.