The "Australia Ecommerce Market Opportunities Databook - 100+ KPIs on Ecommerce Verticals (Shopping, Travel, Food Service, Media & Entertainment, Technology), Market Share by Key Players, Sales Ch...
Autore: Business Wire
DUBLIN: The "Australia Ecommerce Market Opportunities Databook - 100+ KPIs on Ecommerce Verticals (Shopping, Travel, Food Service, Media & Entertainment, Technology), Market Share by Key Players, Sales Channel Analysis, Payment Instrument, Consumer Demographics - Q1 2024 Update" report has been added to ResearchAndMarkets.com's offering.
The E-commerce market in Australia is expected to grow by 7.31% on annual basis to reach US$57.1 billion in 2024. Medium to long term growth story of E-commerce industry in Australia promises to be attractive. The E-commerce is expected to grow steadily over the forecast period, recording a CAGR of 6.21% during 2024-2028. The E-commerce Gross Merchandise Value in the country will increase from US$53.2 billion in 2023 to reach US$72.7 billion by 2028.
This report provides a detailed data centric analysis of E-commerce market dynamics, covering over 100 KPIs in Australia. It details market opportunity across key B2C verticals - Retail Shopping, Travel & Hospitality, Online Food Service, Media and Entertainment, Healthcare and Wellness, and Technology Products and Services. It provides market share by key players across key verticals along with sales channels (Platform to Consumer, Direct to Consumer, Consumer to Consumer). In addition, it provides spending pattern by payment instruments along with a snapshot of consumer behaviour in Australia.
The e-commerce industry is set to undergo significant changes in 2024. The industry landscape will be driven by advancements in artificial intelligence and changing consumer expectations over the medium term. An increasing number of e-commerce firms are embracing artificial intelligence and the trend is poised to gain further momentum in 2024.
With the market projected to record strong growth over the medium term, global firms are seeking to expand their presence rapidly in the Australian market. This is further driving the competitive landscape in the sector. As a result, brands are expected to focus on product differentiation and personalization. Overall, the publisher maintains a robust growth outlook for the Australian e-commerce market over the next three to four years.
Australian e-commerce businesses are embracing artificial intelligence to drive business efficiency
With intense competition in the online retail sector, customer satisfaction has become paramount for businesses in Australia. With artificial intelligence having the potential to streamline operations and improve customer-brand interactions, more and more businesses are adopting AI in Australia.
With the e-commerce market continuing to adopt technological innovations, artificial intelligence is set to play a big role in the growth of the sector in Australia over the next three to four years.
Logistic service providers are enhancing their capacity to meet the growing e-commerce demand in Australia
Ever since the pandemic outbreak, the trend of online shopping has been growing in the Australian market. As a result, providers have been expanding their capacity to deliver products on time.
The trend of online shopping is projected to increase further in 2024. This will, therefore, lead to higher investment towards expanding logistic and supply chain capabilities. The publisher also expects e-commerce firms to develop and launch new warehouses to support the e-commerce demand in Australia over the next three to four years.
Chinese e-commerce platform is gaining strong popularity among Australian online shoppers
With inflation impacting consumers' disposable income, shoppers have been looking for discounted product offerings in Australia. This has driven the popularity of Chinese platforms like Temu, which is offering products at a discounted price compared to platforms like Amazon, eBay, and others.
With these global players investing aggressively, the publisher expects the competitive landscape to further increase over the medium term in the Australian market. This will support innovation and market growth over the next three to four years.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 110 |
| Forecast Period | 2024 - 2028 |
| Estimated Market Value (USD) in 2024 | $57.11 Billion |
| Forecasted Market Value (USD) by 2028 | $72.68 Billion |
| Compound Annual Growth Rate | 6.2% |
| Regions Covered | Australia |
Scope
Australia Ecommerce Market Size and Future Growth Dynamics
Australia User Statistics and Ratios of Key Performance Indicators
Australia Ecommerce Market Share by Key Players
Australia Ecommerce Market Size and Forecast by Ecommerce Segments (Gross Merchandise Value Trend Analysis
Australia Ecommerce Market Size and Forecast by Retail Shopping Sales Channel
Australia Ecommerce Market Share by Travel and Hospitality Sales Channel
Australia Ecommerce Market Size and Forecast by Online Food Service Sales Channel
Australia Ecommerce Market Size and Forecast by Engagement Model (Gross Merchandise Value Trend Analysis, 2019-2028)
Australia Ecommerce Market Size and Forecast by Location (Gross Merchandise Value Trend Analysis
Australia Ecommerce Market Size and Forecast by Device (Gross Merchandise Value Trend Analysis
Australia Ecommerce Market Size and Forecast by Operating System
Australia Ecommerce Market Size and Forecast by City
Australia Ecommerce Market Size and Forecast by Payment Instrument (Gross Merchandise Value Trend Analysis, 2019-2028)
Australia Ecommerce Consumer Demographics
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Fonte: Business Wire