Market Overview
The market
of UK online retail increased at double digit growth rate in
standings of GMV over the evaluation period of 2013-2018. The market growth was
maintained by the prominent growth in total smartphone penetration, growth in
online shoppers and augment in the youth population. The accessibility of the better
deals and bids along with transformation in the consumer behavior towards
in-store has suggestively affected the growth in the market and has reformed
the digital landscape in the industry. The market is presently placed in the
growth stage due to the growing penetration of online retail sales throughout
2019. As more retailers turn online for their shopping, more and more shops are
leave-taking the high street (i.e. offline stores across UK). On the other
hand, the online retail players have become vastly competitive on the basis of
personalized understanding and social engagement.
UK Online Retail Market Segmentation
The UK online retail market is
categorized into product, device, gender, and mode of payment. However, based
on the product the market is classified into Apparel and Footwear, Beauty and
Personal Care, Consumer Appliances and numerous others. Apparel and
Footwear conquered the online retail market as they have maximum demand amongst
both male and female populace while traditional toys and games are the lowest due
to the declining attentiveness of kids towards traditional games. In addition,
based on the mode of payment the UK online retail market is divided into Debit+Credit
Card, Net Banking and M-Wallets and Cash on Delivery). With the prominent
growth in the digitalization coupled with smartphone penetration in the region,
UK customers were observed to prefer generating the online payments via debit
as well as credit cards and net banking. As a result, cash on delivery option
saw a speedy decline throughout 2019.
Although, dependent on the device, the UK
online retail market is categorized into Desktop and Mobile. More than half
of the populace in UK visit the E-commerce site via mobile for the determination
of searching about the product whereas, the lesser amount of audience actually purchase
the product via mobile. UK people commonly prefer to go for a desktop and
tablet to create the buy of the product. This is owing to the great display
screen obtainable on laptop as matched to mobile, which smooths a better image
and view of the product. Furthermore, on the basis of gender, the UK online
retail market is classified into Male and Female. The male portion within
European regions is equally active in terms of online shopping equated to
female sector. Though, both male and female have unalike product categories to
spend being an E-shopper, males normally prefer to spend more on electronics
whereas, the female sector are the major shopper of apparels and footwear.
The Competition has augmented over the
years leading to the growing number of online retail websites across UK. Major corporates
include Amazon.com Inc, eBay.Inc, Tesco Plc, J Sainsbury Plc and numerous
others which are competing by giving all device optimization, better deals,
hyper personalization through private engagement and convinent, protected and
fast payment modes. The Amazon Inc is the ruling player in online retailing
with massive product range, great shopper trust and support. The giant has
various subsidiaries worldwide. They largely sell all their products online and
generate no cost in preserving physical outlets.
Future Outlook And Projections
The Online retail market in UK is projected
to monitor a single digit growth rate in the estimate period of 2018-2025F. The
influence of brexit will slow the growth rate owing to unanticipated alteration
in the regulations and currency fluctuations leading to the deterioration in
the cross border transactions during the future. However, growth is maintained
by augmenting omni channels, requirement for hyper-personalization and snowballing
mobile retailing within the UK. Other requirement drivers include mounting
social media users, shift towards the mobile commerce and technological modernization.
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
For More
Information on the research report, refer to below links:-
Related Reports:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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