EUROPE E-COMMERCE MARKET - GROWTH, TRENDS, COVID-19 IMPACT, AND FORECASTS (2023 - 2028)
From 2022 to 2027, the European e-commerce industry is anticipated to grow at a CAGR of 13.84 percent. The European market will continue to see higher levels of e-commerce penetration. Online sales grew by 43% yearly in the UK market. There has been a considerable shift towards online outlets since the UK shutdown started, and sales in the nation have been maintained. Additionally, it has sped up digitalization of German retail at every level. Due of its convenience, shipping, and affordable costs, Amazon saw an increase in the number of European customers during the lockdown. The six main Amazon sites in Europe have close to 300 million unique visitors each month. Cdiscount started sending goods to countries including Belgium, Germany, Italy, and Spain, which marked the beginning of its global expansion. A 15% increase in net sales from the previous year is the reason behind Cdiscount's expanding global presence. Customers of Cdiscount placed 5.8 million orders totaling 11 ...