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Business-To-Consumer E-Commerce Market Size in China to Grow by USD 3851.34 billion | Alibaba Group Holding Ltd. and Amazon.com Inc. Emerge as Key Contributors to Growth | Technavio

·7 min read

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.

Technavio has announced its latest market research report titled Business-To-Consumer E-Commerce Market in China Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2020-2024
Technavio has announced its latest market research report titled Business-To-Consumer E-Commerce Market in China Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2020-2024

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:

  • Alibaba Group Holding Ltd. - The company operates its businesses through affiliated companies such as Taobao, Tmall, Tmall Global, AliExpress, Lazada, Alimama, 1688, and others. The company offers various products such as apparel, beauty and personal care, and consumer electronics.

  • Amazon.com Inc. - The company offers B2C e-commerce services through its subsidiary Amazon China. It offers watches, books, products for mothers and infants, electronics, beauty and personal care products, kitchen products, and toys.

  • E-Commerce China Dangdang Inc. - The company sells products through mobile and desktop platforms. It also offers a platform for third-party merchants to sell their products. The company offers media products and general merchandise.

  • GOME Retail Holdings Ltd. - The company offers consumer electronics and home appliances through both offline and online channels in more than 700 cities, 2,800 counties, and 45,000 towns in China.

  • JD.com Inc. - The company offers products to its customers through its website and mobile applications. The company offers products such as computers, printers, mobile headsets, home appliances, apparel, etc.

The report also covers the following areas:

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Business-To-Consumer E-Commerce Market in China 2020-2024: Segmentation

  • Product

  • Device used

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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

  • CAGR of the market during the forecast period 2020-2024

  • Detailed information on factors that will assist the business-to-consumer e-commerce market growth in China during the next five years

  • Estimation of the business-to-consumer e-commerce market size in China and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the business-to-consumer e-commerce market in China

  • Analysis of the market's competitive landscape and detailed information on vendors

  • Comprehensive details of factors that will challenge the growth of the business-to-consumer e-commerce market vendors in China

Related Reports:

Indonesia Retail Market by Product and Distribution Channel - Forecast and Analysis 2022-2026

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Business-To-Consumer E-Commerce Market in China Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Decelerate at a CAGR of 31%

Market growth 2020-2024

USD 3851.34 billion

Market structure

Fragmented

YoY growth (%)

45.23

Regional analysis

APAC and China

Performing market contribution

APAC at 50%

Key consumer countries

China

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

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.

Market Dynamics

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,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

For more valuable insights, Download Latest Sample Report

Table of Contents

Executive Summary

Market Landscape

  • Market ecosystem

  • Market characteristics

  • Value chain analysis

Market Sizing

  • Market definition

  • Market segment analysis

  • Market size 2019

  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary

  • Bargaining power of buyers

  • Bargaining power of suppliers

  • Threat of new entrants

  • Threat of substitutes

  • Threat of rivalry

  • Market condition

Market Segmentation by Product

  • Market segments

  • Comparison by Product

  • Consumer electronics and electricals - Market size and forecast 2019-2024

  • Beauty and personal care products - Market size and forecast 2019-2024

  • Infant's and mother's products - Market size and forecast 2019-2024

  • Others - Market size and forecast 2019-2024

  • Market opportunity by Product

Market Segmentation by Device used

  • Market segments

  • Comparison by Device used

  • Mobile devices - Market size and forecast 2019-2024

  • PCs - Market size and forecast 2019-2024

  • Market opportunity by Device used

Customer landscape

  • Market drivers – Demand led growth

  • Market challenges

  • Market trends

Vendor Landscape

  • Vendor landscape

  • Landscape disruption

  • Competitive scenario

Vendor Analysis

  • Vendors covered

  • Market positioning of vendors

  • 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

  • Vipshop Holdings Ltd.

Appendix

  • Scope of the report

  • Currency conversion rates for US$

  • Research methodology

  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

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