Lewes, DE -- (SBWire) -- 02/22/2016 --Report forecast the online retail market in the US to grow at a CAGR of 15.99% during the period 2016-2020.
The retail industry can be divided into two broad segments: brick-and-mortar retail and online retail. Brick-and-mortar retail is also known as offline retail or physical store-based retail. Online retail is a part of B2C e-commerce and typically refers to commerce activities over the Internet.
A wide range of products are sold in the online retail market, and these broadly fall under one of these product categories: consumer electronics and electricals; apparel, footwear, and accessories; music, software, books, and stationery; food and grocery; home care products; home furniture and furnishing; and other products.
The report covers the present scenario and the growth prospects of the online retail market in the US for 2016-2020. To calculate the market size, the report considers the revenue generated from the online business-to-consumer (B2C) sales of products to end-users in the US.
The market is divided into the following segments based on products:
- Food and grocery
- Apparel, footwear, and accessories
- Music, software, books, and stationary
- Home care products
- Consumer electronics and electricals
- Home furniture and furnishings
According to the report, growing Internet and smartphone penetration and growth in the range of products available on online platforms have been key to market growth over the last five years. With vendors offering easy and secure payment options for online shopping, and given the relative comfort with online retail that consumers have developed over time, this market is set for significant growth.
Further, the report states that government regulations and taxes can pose some restrictions to this growth, especially for smaller retailers that do not have as much capital or other resources as some of the large ones operating in the market.
Online Retail Market in the US 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the Online Retail Market in the US: Amazon, Costco, eBay, Target and Walmart.
Other Prominent Vendors in the market are: Academy Sports + Outdoors, Amway Global, ATG Stores.com, Backcountry.com, Best Buy, Blue Nile, Cabela's, CustomInk, Daniel Smith, Eastern Mountain Sports, Factory Green, Groupon, Ideel, and J. C. Penney.
Market driver
- Penetration of Internet and smartphones and rise in online spending
- For a full, detailed list, view our report
Market challenge
- Government regulations
- For a full, detailed list, view our report
Market trend
- Growth of m-commerce
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 71 pages and 45 Exhibit "Online Retail Market in the US 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Market segmentation by devices used for shopping, Market segmentation by product category, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape.
For more information Visit at: http://www.marketresearchreports.com/technavio/online-retail-market-us-2016-2020
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