Asia-Pacific e-commerce retail market is estimated to grow at a CAGR of 11% during the forecast period (2021-2027). The major driving factor for the growth of the e-commerce retail market is consumers’ inclination from offline to online shopping due to the COVID-19 pandemic that resulted in social distancing measures. Additionally, online shopping is convenient and it saves time of travelling in being in a queue as compared to offline stores. Additionally, e-commerce companies’ investment in expansion and development and the growing partnership is further propelling the market.
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For instance, in June 2019, Alibaba Group Holding Ltd. declared its global e-commerce expansion with the introduction of an English-language portal on Tmall. This initiative aims to double the number of international brands on its flagship retail site. This portal was launched to attract more merchants and businesses from across the globe to sell high-quality imported products to consumers in China. Alibaba is intended to double the number of international brands on Tmall Global to 40,000 in three years, increased from nearly 20,000 to date.
A Full Report of Asia-Pacific E-Commerce Retail Market is Available at: https://www.omrglobal.com/industry-reports/asia-pacific-e-commerce-retail-market
Amazon.com is also a key player that is actively focused on e-commerce expansion in the Asia-Pacific region. In March 2021, more than 50,000 offline retailers and neighbors’ stores became part of local shops on amazon and fulfilled over 800 orders on Amazon within three months of joining the program. Moreover, the total number of sellers on the program doubled in four months including November, December, January, and February, and expanded to over 450 cities across India. In addition, in January 2021, Amazon signed a memorandum of understanding MoU with the department of industries and commerce, the government of Karnataka to accelerate e-commerce exports from the state. Furthermore, in January 2021, Amazon launched Amazon Global Selling Propel AGSP to provide support to Indian start-ups and brands to reach customers across the globe.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and country dominate the market in the base year?
- Which country will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected country and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Asia-Pacific E-Commerce Retail Market Report Segment
By End-User
- Business to Consumer
- Business to Business
- Consumer to Consumer
By Device
- Smartphones
- Tablets
- Personal Computers
By-Product
- Electronics
- Fashion
- Books and magazine
- Home décor
- Healthcare
- Automobile
- Sports
- Beauty and personal care
- Kitchenware
- Others
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
