Global eCommerce market
Market development
eCommerce revenue development in the global eCommerce market
The global eCommerce market is expected to increase over the next years. It is predicted to reach US$5,136,389.7 million by 2024 and the expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 8.5%. Seven markets are considered by ECDB within the global eCommerce market. Fashion is the largest market and accounts for 27.5% of the global eCommerce revenue. It is followed by Electronics with 23.8%, Hobby & Leisure with 13.1%, Grocery with 9.8%, Care Products with 9.8%, Furniture & Homeware with 9.0%, and DIY with the remaining 7.0%.
eCommerce revenue development in the global eCommerce market
eCommerce revenue growth in the global eCommerce market
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 35.9 | 21.8 | 68.7 | 49.6 | 25.2 | 87.0 | 12.4 | 43.5 |
Top stores
Top five online stores worldwide by net sales 2023
The biggest player in the global eCommerce market is amazon.com. The store had a revenue of US$138,942.5 million in 2023. Store rankings include every store that generates revenue worldwide. These stores can either have a national focus and only sell in their main country or operate on a global scale. For this evaluation, the global eCommerce revenue was considered.
eCommerce net sales generated worldwide in 2023
Filtered revenue / share eCommerce net sales refer to the year 2023 | Global revenue eCommerce net sales refer to the year 2023 | Growth eCommerce net sales growth refers to 2023/2022 | |
---|---|---|---|
US$900.0m 20.7% | US$8,300.0m | 8.3% | |
US$550.0m 12.0% | US$4,600.0m | 12.4% | |
US$470.0m 3.9% | US$1,190.0m | 33.6% | |
US$430.0m 20.6% | US$2,122.0m | 18.0% | |
US$370.0m 20.7% | US$1,814.0m | 12.6% |
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Payment Methods
Top 5 offered payment methods in the Global eCommerce market
With 90.0% VISA the most commonly offered payment method of all online stores worldwide in 2023. Like VISA Mastercard with a share of 89.7% and American Express with a share of 51.8% the payment type Cards is the most common used by online retailers in worldwide in 2023. Other commonly used payment methods in that market are PayPal (E-wallets) with 65.6% and Bank transfer/cash in advance (Bank transfer) with 41.8% of stores offering that payment method to the clients.
Top 5 offered payment methods in the Global eCommerce market
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Shipping Service Provider
Top 5 offered shipping providers in the Global eCommerce market
Despite DHL's dominant position with 28.7% of online stores opting for its services, the worldwide eCommerce market in 2023 remains diverse and competitive. Several other shipping service providers, including UPS (United Parcel Service), DPD, FedEx, and USPS (United States Postal Service), hold smaller but significant shares, contributing to a dynamic and fragmented market.
Top 5 offered shipping providers in the Global eCommerce market
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