Retailing Our experts provide analysis on the retail industry, featuring insights on global and local trends to stay ahead of disruption and understand how consumers will shop in the future.

E-commerce to Account for Half the Growth in Global Retail by 2025

3/25/2021
Euromonitor International Profile Picture
Euromonitor International Bio
Share:

LONDON, UK – By 2025, e-commerce will expand by an additional USD1.4 trillion, and account for half the growth in the global retail sector, according to global market research company Euromonitor International.

In a new webinar, Retail in Transition: Capitalising on Future E-Commerce Opportunities, Euromonitor delves into how the e-commerce market has transformed due to Covid-19, future tech investment areas and countries with unmet e-commerce potential.

According to the webinar, 16% of goods were bought online last year, double the ratio of 2015, with the growth expected to continue to accelerate in the next five years. The US, China and Mexico are forecast to achieve the highest absolute value growth between 2020 – 2025 at USD 386 billion, USD 361 billion and USD 77 billion respectively.

“One of the most pronounced impacts from the global pandemic is the expanding influence of tech. Retailers and brands are prioritising tech investments, which range from optimising supply chain operations to improving user experience. Companies in Latin America, for example, have been making bigger digital investments, and the region is forecast to reach the highest growth of retail value of all regions by 2025”, comments Michelle Evans, senior head of the digital consumer research, at Euromonitor International.

“However, the rapid digital transformation has brought challenges towards traditional business models and physical stores into greater focus, and it is vital to re-evaluate strategy for businesses to stay competitive in the ever-growing digital sphere,” concludes Evans.

Register now to watch the webinar on-demand.

– ENDS –

For further information, please contact:

Carol Li

Senior Communications Executive - Euromonitor International

Tel: +44 208 175 7847

Carol.li@euromonitor.com

About Euromonitor International

Euromonitor International is the world’s leading provider for global business intelligence, market analysis and consumer insights. From local to global and tactical to strategic, our research solutions support decisions on how, where and when to grow your business. Find the right report, database or custom solution to validate priorities, redirect assumptions and uncover new opportunities. With offices around the world, analysts in over 100 countries, the latest data science techniques and market research on every key trend and driver, we help you make sense of global markets.

Interested in more insights? Subscribe to our content

Shop Our Reports

Commerce 2040: A Regional Exploration of the Future Retail Store

Euromonitor International’s Commerce 2040 series outlines a vision for how consumers might shop in two decades. This report focues on how retail is evolving and…

View Report

Commerce 2040: The Future of the Retail Store in a Digital World

Euromonitor International’s Commerce 2040 series outlines a vision for how consumers might shop in two decades. This report focuses on how the competing forces…

View Report

Commerce 2040: The Reinvention of Retail for a Digital World

Euromonitor International’s Commerce 2040 series outlines a vision for how consumers might shop in two decades. This report focues on how retail is evolving and…

View Report
Passport Our premier global market research database with detailed data and analysis on industries, companies, economies and consumers. Track existing and future opportunities to support critical decision-making across all functions within your organisation Learn More