Press Release: UK B2C E-Commerce Sales Forecast: 2015 to 2018
A new report by Hamburg-based secondary market research organization yStats.com, “UK B2C E-Commerce Sales Forecasts: 2015 to 2018”, sheds light on the growth prospects of the world’s third largest online retail market. Though the market is already advanced, with B2C E-Commerce share of retail sales at double-digit numbers, it is still expected to observe further increase in sales in the next several years. Read more here: https://www.ystats.com/uk-is-the-worlds-leader-in-b2c-e-commerce-share-of-total-retail-sales/ Find the report here: https://www.ystats.com/product/uk-b2c-e-commerce-sales-forecast-2015-to-2018/
Published on: Mar 4, 2016
Transcripts - Press Release: UK B2C E-Commerce Sales Forecast: 2015 to 2018
Hamburg, July 14th
Uk Is the World’s Leader in B2C E-Commerce Share of Total Retail Sales
A new report by Hamburg-based secondary market research organization yStats.com, “UK B2C E-Commerce Sales Forecasts:
2015 to 2018”, sheds light on the growth prospects of the world’s third largest online retail market. Though the market is
already advanced, with B2C E-Commerce share of retail sales at double-digit numbers, it is still expected to observe further
increase in sales in the next several years.
The UK was the third largest B2C E-Commerce market in the world in terms of sales and the largest in Europe in 2014. It is also
one of the most advanced: online shopper penetration in the UK is the highest of the EU and all OECD countries, with close to 80%
of Internet users making their purchases online. Also, by penetration on total retail sales in the country, B2C E-Commerce in the UK
ranks first among the leading markets worldwide and is predicted to keep this position in the near future.
Nevertheless, some major primary sources agree on the fact that online retail in the UK still has a room for growth. Their
predictions concerning growth rates vary from high single-digit to low double-digit numbers for the period for the next three to four
years. As a result, the B2C E-Commerce share of total retail sales in the UK is forecasted to reach new heights of more than 15%. And
yet, relative to other leading B2C E-Commerce markets the expected growth rate is modest, even compared to other advanced
European markets, Germany and France. Due to rapid advancement of emerging markets, especially China, the UK’s share of global B2C
E-Commerce sales is expected to decrease slightly in 2018.
The UK’s B2C E-Commerce market is not only one of the highest ranking in terms of market size, but also a trend setter.
Omnichannel retail is a major topic in the UK, as the surging popularity of click-and-collect option blurs the boundaries between
online and offline retail. Multichannel merchants such as Tesco and Asda are exploring the ways of benefiting from this trend in
competition with major pure online retailers, such as Amazon.
For further information, see:
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Founded in 2005 and headquartered in Hamburg, Germany, yStats.com is one of the world's leading secondary market research companies. We
are committed to providing the most up-to-date and objective data on Global B2C E-Commerce and Online Payment markets to sector-leading
Our multilingual staff researches, gathers, filters and translates information from thousands of reputable sources to synthesize accurate and
timely reports in our areas of expertise, covering more than 100 countries and all global regions. Our market reports focus predominantly on
online retail and payments, but also cover a broad range of related topics including M-Commerce, Cross-Border E-Commerce, E-Commerce
Delivery, Online Gaming and many others. In addition to our wide selection of market reports, we also provide custom market research services.
We are proud to cooperate with companies like Bloomberg and Thomson Reuters. Given our numerous citations in leading media sources and
journals worldwide, including Forbes and the Wall Street Journal, we are considered one of the most highly-reputed international secondary
market research companies with an expertise in the areas of B2C E-Commerce and Online Payment.