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
For More Information on the research report, refer to below links:-
Related Reports:-
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Ankur Gupta, Head Marketing &
Communications
+91-9015378249
