North American e-commerce industry is expected to see a CAGR of 17.7% during the period. The e-commerce market in North America has been rapidly growing owing to the development of technological infrastructure in major economies such as the US and Canada. Increasing e-commerce sales and high internet penetration in the region has been also contributing to the North American e-commerce logistics market. Well established roadways and railways throughout the countries of North America are supporting the growing e-commerce market. The development of railways and roadways is helping the e-commerce companies of North America to provide fast logistic services. Although the development of road transport vehicles is under the development phase, it is expected to create opportunities for e-commerce companies to expand their logistics services. The US and Canada are continuously investing in their infrastructure to develop road, rail, and air transport facilities.
North American e-commerce industry report is segmented into electronics, apparel, healthcare, pharmaceuticals, and nutritional products, beauty and personal care, and others. Healthcare, pharmaceuticals, and nutritional products segment is anticipated to exhibit the highest growth in 2020. The demand for vitamins & proteins to maintain the immunity level of consumers is a key factor contributing towards the high growth of the market segment. Moreover, the e-commerce market for beauty & personal care products will grow at the second-highest growth in 2020. The high demand for personal care products to maintain hygiene is anticipated to be the key factor contributing to the growth of the market segment.
Major companies based in the US have gained profit during the outbreak of COVID-19 due to high demand for essential products such as toilet paper, surface cleaners, and groceries during the pandemic, For instance, in the first three months of 2020, Amazon.com, Inc. revenue rose 26.0% to $75.5 billion as it became an essential provider for consumers staying at home to assist decelerate the spread of the COVID-19. Similarly, Walmart US e-commerce sales grew by 74.0% in the first quarter of 2021, surpassed eBay in US e-commerce sales. The company earns incremental costs related to COVID-19 of nearly $900 million as customers stocked up on essentials such as food and cleaning products and items such as clothes, toys, electronics, and home furnishings.
To Request a Sample of our Report on North American E-Commerce Market: https://www.omrglobal.com/request-sample/north-american-e-commerce-market
Verticals Affected Most
- Electronics
- Apparel
- Beauty & Personal Care
- Healthcare, Pharmaceuticals & Nutritional Products
- Others (Home Furnishing Products, Books, Grocery, and Automotive)
A full Report of North American E-Commerce Market is Available @ https://www.omrglobal.com/industry-reports/north-american-e-commerce-market
Impact of COVID-19 on Major Economies
- United States
- Canada
Company Profiles
- com, Inc.
- ASOS PLC
- Datex Corp.
- Deutsche Post DHL
- eBay Inc.
- Express Logistics
- FedEx Corp.
- Omni Logistics LLC
- Radial Inc.
- Steel Connect, Inc.
- Walmart Inc.
Reasons to buy from us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
