Online retailing is an electronic commerce permitting consumers to buy services or goods directly from a merchant by using internet services. Electronic commerce is also commonly known as e-commerce. The e-commerce system provides platform for buyers & seller of product or service over internet by using electronic systems such as computers, and mobile phones etc.
E-retailing industry has enhanced sales scope & customer accessibility, faster transactions, improved communications channels, greater transparency, lower business over head & operating costs, and ability to integrate valuable reporting tools. However, security & fraud, customer trust, and legal issues are some concerns which have not been completely emitted. Use of online retail techniques added opportunity for significant potential for increasing outreach, market expansion with least capital outlay, enabled procuring material and services from other companies, marketing distribution channels, ease in customization, processing, distributing.
According to the study, “UK Online Retail Market Outlook to 2025 - By Product Categories (Apparel and Footwear, Food and Drink, Media Products, Consumer Electronics and Others), By Desktop and Mobile Mode, By Gender (Male and Female) and By Mode of Payment (Debit+Credit Card, Net Banking and Cash on Delivery)” the key companies operating in the UK online retail market are Amazon.com Inc., Tesco Plc., eBay Inc., John Lewis Partnership Plc., J Sainsbury Plc. Key companies are competing by providing all device optimization, better deals, hyper personalization through personal engagement and secure, convenient and fast payment modes.
The UK online retail market is driven by growth in online shoppers, followed by increase in total smartphone penetration, growth in development of transnational and multinational corporations and rise in youth population. Moreover, growth in social media users is a key opportunity for market. Based on product type, UK online retail market is segmented into beauty & personal care, apparel and footwear, consumer appliances and others. Apparel and Footwear segment holds major share in market owing to rise in demand among both male and female population. Based on device type, market is segmented into mobile and desktop. Desktop segment is expected to witness higher growth rate due to large display screen available on laptop as compared to mobile that facilitates a better image or view of the product during the forecast period. Based on gender, market is segmented into male and female. The male segment is active in terms of online retailing matched to female segment. Though, both male and female have different product choices while spending on E-shopping sites, it is been observed that males mostly prefers to buy more electronics products whereas, female prefer buying consumer apparels and footwear. In addition, based on payment mode, market is segmented into debit &credit card, cash on delivery, net banking & m-wallets and others. Debit & credit card segment dominates the market due to rise in use of increase in digitalization coupled with smartphone penetration. The UK consumers have progressively using smartphones for accessibility. It is definite that the online shopping in the UK is expected to continue to rise quickly, as consumer shopping trends and handiness is expected to figure UK online retail industry over the forecast period. It is also estimated that UK online retail market to rise significantly on an account of increase in omni channels, technological innovation, followed by rise in demand for hyper-personalization, and increase in mobile retailing over the forecast period.
Key Segments Covered:-
By Product Category Type (Apparel and Footwear, Beauty and Personal Care, Consumer Appliance, Consumer Electronics, Consumer Health, Food and Drink, Home Care, Home Improvement & Gardening, Homewares/Home Furnishings, Media Products, Personal Accessories and Eyewear, Pet Care, Traditional Toys and Games, Video Games Hardware and Other Internet Retailing)
By Type of Device (Mobile and Desktop)
By Gender (Female and Male)
By Mode of Payment (Cash on Delivery, Debit + Credit Card and Net Banking and M-Wallets)
Key Target Audience:-
Online Retail Companies
Third Party Websites of Online Retail
Time Period Captured in the Report:-
Historical Period: 2013-2018
Forecast Period: 2018-2025F
Companies Covered:-
Amazon.com Inc
eBay Inc
Tesco Plc
J Sainsbury Plc
John Lewis Partnership Plc
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