The Latin American e-commerce retail market is anticipated to grow at a considerable CAGR of around 25.6% during the forecast period (2021-2027). The market growth is mainly attributed to the rise in internet users in the region as a large number of internet users makes it easy for e-commerce retail market players to reach target customers. This provides opportunities for the market players since online sales are increasing. According to the analysis of the International Trade Administration (ITA), already over two-thirds of the population have access to smartphones, and this figure is expected to increase to almost 80% by 2025. With this, there has been an increase in internet users which has led to a huge rise in shopping orders from e-commerce companies. According to the reports of IMRG, in 2018, Brazil had the fourth-largest population of internet users in the world including over 100 million over the age of ten, and already two-thirds of them are online shoppers. More than 75% of the internet population are engaged in retail purposes shopping.
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In addition to this, cost-effective products with great offers and a rise in the launch of new products are also the factors that drive the growth of the market. The market share is also estimated to increase with a rise in new players in the region owing to more people increasing their interest in online shopping. For instance, in July 2021, FedEx Logistics, a subsidiary of FedEx Corp. has announced the launch of FedEx Trade Solutions, a new team in FedEx Trade Networks Transport & Brokerage, Inc. FedEx Trade Solutions provides customized trade solutions that support customers to enhance their compliance procedures while decreasing complexity, time, and costs so they can focus on developing their operations. Besides, in May 2021, FedEx Corp. has announced the launch of the FedEx E-Commerce Learning Lab, a new program developed in collaboration with Accion Opportunity Fund (AOF), a non-profit organization providing small business owners with access to capital, networks, and coaching.
Market Coverage
· The market number available for – 2020-2027
· Base year- 2020
· Forecast period- 2021-2027
Segment Covered-
· By End-Users
· By Product
· By Device Used
Countries Covered-
· Brazil
· Mexico
· Argentina
· Rest of Latin America
· Competitive Landscape- Amazon.com, Inc., Alibaba.com., DHL International GmbH, FedEx Corp., and Mercado Libre, Inc., among others
Key questions addressed by the report
· What is the market growth rate?
· Which segment and region dominate the market in the base year?
· Which segment and region will project the fastest growth in the market?
· How has COVID-19 impacted the market?
· Deviation from the pre-COVID-19 forecast
· Most affected region and segment
· Who is the leader in the market?
· How players are addressing challenges to sustain growth?
· Where is the investment opportunity?
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A full Report of Latin America e-commerce Retail Market is Available at: https://www.omrglobal.com/industry-reports/latin-america-e-commerce-retail-market
Latin Ameria e-commerce retail market Report Segment
By End-Users
· Business to Consumer
· Business to Business
· Customer to Customer
By Product
· Electronics
· Fashion
· Books and Magazines
· Home Decor
· Healthcare
· Automobile
· Sports
· Beauty and Personal Care
· Kitchenware
· Others
By Device Used
· Smartphone
· Tablets
· Personal Computer
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
