Global Cross Border E-Commerce Market - Segmentation by Category (Entertainment and Education, Clothing and Accessories, Consumer Electronics, Home Furnishings, Personal Care and Beauty, Health and Nutrition, Footwear, Food and Beverage), Payment Type (Digital Wallets, Credit/Debit Cards, Online Banking, and Others), Offering (Internal Brands and Matching Brands), End-User (Adults, Teens/Millennials, Seniors, and Others), and Geography - Growth, Trends, and Forecast (2022 to 2027)
Global Cross Border E-Commerce Market Size & Growth (2022 - 2027)
The global cross-border e-commerce market was estimated at $ 1280 billion in 2020 and is foreseen to reach $ 4.820 billion by 2026, with a CAGR of 27% over the conjecture period from 2022 - 2027. Globalization has improved the volume and variety of cross-border transactions in services and products through the rapid and widespread diffusion of technology.
Cross-border e-commerce is international online commerce. It involves buying and selling products in online stores across international and national borders. Trade is between a business or retailer or brand and a customer. There are several categories of cross-border e-commerce, such as entertainment and education, clothing and accessories, consumer electronics, home furnishings, personal care and beauty, health and nutrition, footwear and clothing, food and drinks. The payment method for cross-border e-commerce includes digital wallets, credit/debit cards, and internet banking. Cross-border e-commerce is used by adults, teens/millennials or the elderly.
COVID-19 Impact on Cross Border E-Commerce Market
Coronavirus has accelerated the transition to online shopping, demonstrating that a strong e-commerce strategy is crucial for merchants as consumers increasingly realize the convenience and simplicity of shopping online. Cross-border e-commerce has seen strong positive growth, with markets around the world rebounding and even surpassing pre-pandemic figures, after a slight year-over-year sales decline following the COVID-19 outbreak in December 2020.
Recent Developments:
- July 2018: The Luxembourg Ministry of the Economy signed a memorandum of understanding with the Public Customs Center for Imported Materials of Henan (HIMPBC) to test the logistics of cross-border e-commerce in Europe as part of the European pilot plan. HIMPBC provides integrated logistics solutions for consumers of e-commerce, which seeks to create the similar model for Europe in partnership with logistics companies such as Cargolux.
Market Growth and Trends:
Cross-border e-commerce in Europe is expected to experience strong growth during the forecast period due to the maturity of e-commerce markets and the presence of developed economies, resulting in high consumer spending, high internet penetration and mobile and emerging industry growth rates are projected.
Market Drivers and Restraints:
Logistics related issues such as shipping costs, long delivery times, import regulations, and return logistics are a major challenge the customer might face in online cross-border shipping. The customer should consider using a vendor who can offer a solution to overcome these challenges. International shipments include various costs such as border tolls, brokerage fees, duties, inspection fees, warehousing fees, fees and taxes. Since each country has its own set of regulations, it presents challenges when it comes to cross-border logistics.
With the convenience of e-commerce, consumers expect shorter delivery times, real-time tracking, safe delivery, and more. Difficulty in handling reverse logistics, last mile delivery is also one of the main logistics problems of cross-border trade. Consumers' preferred payment options vary by country. For example, in Japan, a local payment method called "Konbini" accounts for one-sixth of e-commerce payments; On the other hand, Spain uses Visa, MasterCard and American Express, while Asian consumers prefer DO options. Therefore, accepting the payment options according to the requirements of each country is a challenge.
GLOBAL CROSS BORDER E-COMMERCE MARKET REPORT COVERAGE:
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2020 – 2026 |
|
Base Year |
2020 |
|
Forecast Period |
2022 - 2027 |
|
CAGR |
27% |
|
Segments Covered |
By Category, Payment Type, Offering, End User, and Region |
|
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
|
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
|
Market Leaders Profiled |
AirBridgeCargo Airlines, eBay, AliExpress.com, ASOS, ACES, BigCommerce, Jagged Peak, Amazon.com, Pitney Bowes, Tmall, Eunimart Multichannel, JD. com, Vipshop and Zalando and Others. |
Market segmentation:
The global cross-border e-commerce market is divided based on the category, payment type, offering and end-user.
Global Cross Border E-Commerce Market – By Category:
- Entertainment and Education
- Clothing and Accessories
- Consumer Electronics
- Home Furnishings
- Personal Care and Beauty
- Health and Nutrition
- Footwear
- Food and Beverage, etc.
Clothing and accessories segment is expected to have the largest market share during the foreseen period due to peak use of cross-border B2C e-commerce in terms of apparel and accessories.
Global Cross Border E-Commerce Market – By Payment Type:
- Digital Wallets
- Credit / Debit Cards
- Online Banking
- Others
The digital wallet category is expected to have the largest share, as this payment method is the most widely used.
Global Cross Border E-Commerce Market – By Offering:
- Internal Brands
- Matching Brands
The batching brands category is likely to have the largest market share, as these brands are in highest demand.
Global Cross Border E-Commerce Market – By End User:
- Adults
- Teens/Millennials
- Seniors
- Others
The adult segment is supposed to have the highest market share due to the use of cross-border B2C e-commerce mainly by adults.
Regional Analysis:
In terms of region, the global cross-border e-commerce market is segmented into:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Among these regions, Europe is supposed to be the dominant region during the foreseen period due to the increasing number of online shoppers. The UK is anticipated to make a significant contribution to the target market in Europe during the forecast period.
Key market players:
Some of the main players operating in the global cross-border e-commerce market are AirBridgeCargo Airlines, eBay, AliExpress.com, ASOS, ACES, BigCommerce, Jagged Peak, Amazon.com, Pitney Bowes, Tmall, Eunimart Multichannel, JD. com, Vipshop and Zalando.
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Cross-Border E-Commerce Market, By Category
6.1.1 Entertainment and Education
6.1.2 Clothing and Accessories
6.1.3 Consumer Electronics
6.1.4 Home Furnishings
6.1.5 Personal Care and Beauty
6.1.6 Health and Nutrition
6.1.7 Footwear
6.1.8 Food and Beverage
6.1.9 Market Size Estimations & Forecasts (2022 - 2027)
6.1.10 Y-o-Y Growth Rate Analysis
6.1.11 Market Attractiveness Index
6.2 Cross-Border E-Commerce Market, By Payment Type
6.2.1 Digital Wallets
6.2.2 Credit/Debit Cards
6.2.3 Online Banking
6.2.4 Market Size Estimations & Forecasts (2022 - 2027)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
6.3 Cross-Border E-Commerce Market, By Offering
6.3.1 Internal Brands
6.3.2 Matching Brands
6.3.3 Market Size Estimations & Forecasts (2022 - 2027)
6.3.4 Y-o-Y Growth Rate Analysis
6.3.5 Market Attractiveness Index
6.4 Cross-Border E-Commerce Market, By End-User
6.4.1 Adults
6.4.2 Teens/Millennials
6.4.3 Seniors
6.4.4 Market Size Estimations & Forecasts (2022 - 2027)
6.4.5 Y-o-Y Growth Rate Analysis
6.4.6 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Category
7.2.3 By Payment Type
7.2.4 By Offering
7.2.5 By End-User
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Category
7.3.3 By Payment Type
7.3.4 By Offering
7.3.5 By End-User
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Category
7.4.3 By Payment Type
7.4.4 By Offering
7.4.5 By End-User
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Category
7.5.3 By Payment Type
7.5.4 By Offering
7.5.5 By End-User
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Category
7.6.3 By Payment Type
7.6.4 By Offering
7.6.5 By End-User
8. Key Player Analysis
8.1 AirBridgeCargo Airlines
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 eBay
8.3 AliExpress.com
8.4 ASOS
8.5 ACES
8.6 BigCommerce
8.7 Jagged Peak
8.8 Amazon.com
8.9 Pitney Bowes
8.10 Vipshop
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
- North America Cross-Border E-Commerce Market By Categeory, From 2022 - 2027 ( USD Billion )
- North America Entertainment and Education Market By Region, From 2022 - 2027 ( USD Billion )
- North America Clothing and Accessories Market By Region, From 2022 - 2027 ( USD Billion )
- North America Consumer Electronics Market By Region, From 2022 - 2027 ( USD Billion )
- North America Home Furnishings Market By Region, From 2022 - 2027 ( USD Billion )
- North America Personal Care and Beauty Market By Region, From 2022 - 2027 ( USD Billion )
- North America Health and Nutrition Market By Region, From 2022 - 2027 ( USD Billion )
- North America Footwear Market By Region, From 2022 - 2027 ( USD Billion )
- North America Food and Beverage Market By Region, From 2022 - 2027 ( USD Billion )
- North America Cross-Border E-Commerce Market By Payment Type, From 2022 - 2027 ( USD Billion )
- North America Digital Wallets Market By Region, From 2022 - 2027 ( USD Billion )
- North America Credit/Debit Cards Market By Region, From 2022 - 2027 ( USD Billion )
- North America Online Banking Market By Region, From 2022 - 2027 ( USD Billion )
- North America Cross-Border E-Commerce Market By Offering, From 2022 - 2027 ( USD Billion )
- North America Internal Brands Market By Region, From 2022 - 2027 ( USD Billion )
- North America Matching Brands Market By Region, From 2022 - 2027 ( USD Billion )
- North America Cross-Border E-Commerce Market By End-User, From 2022 - 2027 ( USD Billion )
- North America Adults Market By Region, From 2022 - 2027 ( USD Billion )
- North America Teens/Millennials Market By Region, From 2022 - 2027 ( USD Billion )
- North America Seniors Market By Region, From 2022 - 2027 ( USD Billion )
- United States Cross-Border E-Commerce Market By Categeory, From 2022 - 2027 ( USD Billion )
- United States Cross-Border E-Commerce Market By Payment Type, From 2022 - 2027 ( USD Billion )
- United States Cross-Border E-Commerce Market By Offering, From 2022 - 2027 ( USD Billion )
- United States Cross-Border E-Commerce Market By End-User, From 2022 - 2027 ( USD Billion )
- Canada Cross-Border E-Commerce Market By Categeory, From 2022 - 2027 ( USD Billion )
- Canada Cross-Border E-Commerce Market By Payment Type, From 2022 - 2027 ( USD Billion )
- Canada Cross-Border E-Commerce Market By Offering, From 2022 - 2027 ( USD Billion )
- Canada Cross-Border E-Commerce Market By End-User, From 2022 - 2027 ( USD Billion )
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