Global B2C ecommerce sales will rise 17.75% in 2015. Are you prepared?
Business-to-consumer (B2C) ecommerce sales worldwide will reach $1.74 trillion in 2015 increasing nearly 20% over 2013. As internet usage continues to mature across the world, ecommerce growth will slow over time, settling around 10% by the end of our forecast period. However, with sales reaching $2.356 trillion in 2018, a 10% growth rate still represents more than $200 billion new dollars that year.
Global retail e-commerce sales volume from 2009 to 2018 (in billion U.S. dollars)
Here are the statistics that give information on the global e-retail sales volume from 2009 to 2018. In 2013, worldwide B2C e-commerce (excluding travel) sales amounted to 638.16 billion U.S. dollars and with projections of 1.35 trillion U.S. dollars in sales in 2018. The 5 years CAGR from 2013 to 2018 is set at 16.1 percent.
The consumers in Asia-Pacific will spend more on ecommerce purchases than those in North America, making it the largest regional ecommerce market in the world. This year alone, B2C ecommerce sales are expected to reach $525.2 billion in the region, compared with $482.6 billion in North America.
China will take in more than six of every 10 dollars spent on ecommerce in Asia-Pacific this year and nearly three-quarters of regional spending by 2017. The country’s ecommerce market is second only to the US, but this is not expected to last much longer. Beginning in 2016, China will overtake the US in spending. Massive gains in China, as well as in India and Indonesia, will push Asia-Pacific’s growth ahead.
These countries, along with Argentina, Mexico, Brazil, Russia, Italy and Canada, will drive ecommerce sales growth worldwide.