C2C E-Commerce Market to Showcase High Growth; to cross USD 648.7 BN Mark by 2026
Posted On December 22, 2020
During the period of 2020-2026 it is expected that the Global C2C E-Commerce Market will showcase a CAGR of 7%. The market is foreseen to reach USD 648.7 BN by 2026 while it was valued at USD 404 BN in 2019 as stated in a the published market study by Value Market Research. Customer - to -customer (C2C) is an e-commerce business model where both the buyers and sellers are customers and not businesses. The rapid penetration of the internet and a significant increase in smartphone use among the global community are the key trends driving this market. Impulsive shopping will provide a substantial thrust to the development of these online business models. The cost-effectiveness, convenience in connecting with potential customers, and high profitability due to direct sales are the main factors that boost this market’s growth. Lack of capital investments in outlet stores and reduced inventory costs will benefit this online market’s growth. The major hindrances to this market’s growth are lack of quality control, payment guarantees, and increased identity theft instances.
C2C E-commerce is a business model that facilitates trading between private individuals generally through an online platform. The major backbones of c2c e-commerce are e-commerce technology and the sharing economy. Implementation of C2C e-commerce trading in the form of auctions and classified advertisements is highly viable. In this business model, profit margins are higher than traditional because there are minimal costs involved due to retailers or wholesalers’ absence. This online platform connects people advertising products, services, or situations and requires the seller to ship items directly to the buyer. Products and services bought and sold through C2C e-commerce platforms are varied in type, have short development and sale cycles, and are often used or second-hand. C2C marketing through social media is of critical importance to retailers.
The initial sections of the report "Global C2C E-Commerce Market Report By Type (B2C Retailers, Classifieds), By Application (Automotive, Beauty & Personal Care, Books & Stationery, Consumer Electronics, Clothing & Footwear, Home Décor & Electronics, Sports & Leisure, Travel & Tourism, Media & Entertainment, Information Technology (Software), Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026" starts with the introduction, a crisp market summary followed by detailed revenue analysis as per segments and regions. The market drivers responsible for pushing the market growth are discussed in length in the report. The c2c e-commerce market opportunities are useful to identify the profit canters and take the strategic decision accordingly.
On the basis of type the market is segmented into B2C Retailers, Classifieds. By application the c2c e-commerce market is categorised as Automotive, Beauty & Personal Care, Books & Stationery, Consumer Electronics, Clothing & Footwear, Home Décor & Electronics, Sports & Leisure, Travel & Tourism, Media & Entertainment, Information Technology (Software), Others .The other regions studied in the report are North America, Europe, Latin America and Middle East & Africa. The regional spread of all the segments and sub segments are detailed in the report.
The Report Segments Global C2C E-Commerce Market -
- B2C Retailers
- Beauty & Personal Care
- Books & Stationery
- Consumer Electronics
- Clothing & Footwear
- Home Décor & Electronics
- Sports & Leisure
- Travel & Tourism
- Media & Entertainment
- Information Technology (Software)
- North America
- Latin America
- Middle East & Africa
Players Profiled In the Report:
Alibaba Group Holding Limited, Amazon.com, Inc., ASOS, Craigslist, Inc., eBay Inc., Flipkart Internet Private Limited, JD.com, Inc., Make My Trip Pvt.Ltd., OLX, PayPal Holdings, Inc.
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