The North America e-commerce retail market is anticipated to grow at a significant CAGR of 11.7% during the forecast period. Major factors contributing to the growth of the e-commerce retail market include improved infrastructure in major countries, an inclination towards online payment, and significant internet usage within the region. The major countries in North America have quality infrastructure which allows e-commerce companies to serve vast markets covering urban and rural populations. The majority of the population prefers online modes of payment due to the wide penetration of internet and smartphone users. Prepayment, cash on delivery, and other modes of payment allow e-commerce companies in the region to work smoothly and focus on the core business.
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The COVID-19 pandemic had disturbed the normal functioning of every industry and sector. Travel, tourism, finance, construction- every aspect of the North American economy got disrupted by COVID-19. However, the increased culture of home isolation and work from home had made people rapidly shift towards e-commerce platforms for their regular needs. Food, grocery, health, beauty, hygiene, and medical items are among the top product categories which had recorded the highest sales. Amazon was the leading destination for online shoppers during lockdown while Walmart stood in the second position. The work-from-home culture requires lots of technological access which had increased the sales of electronic products as well. Medicines are also now available on online platforms through which people are ordering them from the comfort of their homes.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
North America E-Commerce Retail Market Report Segment
By Product Type
- Electronics
- Grocery
- Fashion
- Home Decor
- Healthcare
- Automobile
- Sports
- Beauty and Personal Care
- Kitchenware
- Other
By End-User
- Business to Business
- Business to Customer
- Customer to Customer
North America E-Commerce Retail Market Report Segment by Region
- US
- Canada
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the North America e-commerce retail market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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