UK e-commerce industry is expected to see a CAGR of 17.2% during the period. Easy access to the internet and increasing online shopping are some key factors driving the e-commerce market in the country. UK e-commerce retailers focus on initiatives that involve the use of tools including artificial intelligence (AI) and machine learning to optimize their business operation and also provide customer satisfaction. COVID-19 pandemic has positively influenced the UK e-commerce sales, as most of the offline retail stores were closed until April or May. Due to the preventive measures, UK consumers were not able to visit offline stores, and thus, they were shopping online to meet their everyday needs. As a result, increased e-commerce sales as a percentage of total retail sales were reported in the country.
UK retailers who have made their significant position in online sales have been witnessing potential growth in this period. Therefore, it is estimated that there is a positive impact on the revenues of several UK e-commerce companies. For instance, on July 01, 2020, Sainsbury declared its first-quarter trading statement for the 16 weeks to June 27, 2020. In Grocery, the company delivered double-digit sales growth, ahead of the market, led by strong online growth. The company’s digital sales were more than doubled.
UK e-commerce industry report is segmented into electronics, apparel, healthcare, pharmaceuticals, and nutritional products, beauty and personal care, and others. Healthcare, pharmaceuticals, and nutritional products segment is anticipated to exhibit the highest growth in 2020. The demand for vitamins & proteins to maintain the immunity level of consumers is a key factor contributing towards the high growth of the market segment. Moreover, the e-commerce market for beauty & personal care products will grow at the second-highest growth in 2020. The high demand for personal care products to maintain hygiene is anticipated to be the key factor contributing to the growth of the market segment.
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Verticals Affected Most
- Electronics
- Apparel
- Beauty & Personal Care
- Healthcare, Pharmaceuticals & Nutritional Products
- Others (Home Furnishing Products, Books, Grocery, and Automotive)
A full Report of UK E-Commerce Market is Available @ https://www.omrglobal.com/industry-reports/uk-e-commerce-market
Company Profiles
- com, Inc.
- AO Retail, Ltd.
- Apple, Inc.
- Argos, Ltd.
- John Lewis Plc
- Next Retail, Ltd.
- Ocado Retail, Ltd.
- Shop Direct Home Shopping, Ltd.
- Tesco Plc
- Wm Morrison Supermarkets Plc
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