In 2021, the social media platform Facebook (now Meta) launched Facebook Shops, with the goal of supporting small businesses during the pandemic. Certain segments, particularly its food delivery and in-store, hotel, and travel segments, enjoyed significant growth, with a total aggregate profit of RMB 4.7 billion. within a span of 3 minutes or less. in 2021 from both desktop and mobile web sources. Overall, Shopify enjoyed a 46% YoY revenue growth in the. The Home Depot is one of the worlds largest retail chains dedicated to home improvement. Thats 111.4 million members when you consider Japans population of approximately 126 million individuals (2020). It has more than 390 stores present in 32 countries. Global ecommerce sales are projected to increase 12.2 % year-over-year, to $6.3 trillion in 2023, according to eMarketer. These subsidiaries span a range of services, from logistics networks and. In the same year, it generated USD 37 billion in domestic ecommerce gross merchandise value. every month from both mobile and desktop sources. Furthermore, by the end of September 2021, the Alibaba Ecosystem reached approximately 1.24 billion consumers worldwidea 62 million increase from June 2021 figures. Thats a 9.8% ($3.3 billion) growth, coming from sales recorded under the same period in 2020. Start a business and design the life you want all in one place. Its also one of the largest e-commerce companies in revenue around the world. Top 11 Ecommerce Trends; 12 Important Shopping Trends; 16 Fast-Growing Marketing Startups; The coronavirus pandemic accelerated growth in the eCommerce space. It also evaluated the size of e-commerce markets while the United States is in the top 10 at $340 billion, it is second to China at $672 billion. Augmented reality, virtual reality, and Metaverse are becoming popular in the e-commerce world. Its website received, from Latin American traffic. In Latin America, the Americanas site is one of the most visited, with 129.6 million visits per month. Altogether, eBays strategic actions could help increase not only its profit margins but also its gross merchandise value. Amazon.co.uk. The launch of its ecommerce platform, along with its merchant partnerships, made up, 10% of its parent companys total revenue, Meituan, formerly Meituan- Dianping, currently has a reported. In 2021, more than 250 million items were purchased by Prime members worldwide. That same year, Walmart generated a total of USD 67.39 billion in ecommerce sales. . While Microsoft isnt exactly an ecommerce company, it has been paving the way for. The Canadian ecommerce company has enjoyed steady growth in 2021. The top five ecommerce markets have remained the same since 2018. (electronic retailing), and payments and fintech. By 2030, its expected that the countrys ecommerce market will grow to a USD 350 billion industry. 1 This explosive growth puts the United States second in social purchasing only to China, where that channel already makes up more than 13 percent of the 0.00%. Were also including a list of trends that continue to shape the ecommerce industry, as well as features that these ecommerce giants share. Furthermore, B2C ecommerce increased by 11%, while cross-border purchases jumped to 25% in 2019 alone. Currently, you are using a shared account. It currently has a market cap of $073 billion. In addition to TV retail, the company owns Zulily, an ecommerce website geared toward mothers. Similar to other ecommerce platforms, Facebook Shops also has live shopping features and it enables you to connect your loyalty programs to your Facebook account. The Chinese online discount retailer reported a total net revenue of RMB24.9 billion (USD 3.9 billion) for Q3 2021, a 7.5% YoY increase from the previous years RMB23.2 billion. model. Its. The Indian ecommerce market is predicted to grow from $38.5 billion to a whopping $200 billion industry in 2026. WebWorld Top eCommerce Companies List by Market Cap as on Jan 7th, 2022 AMAZON.COM. August 23, 2022. Amazons US e-commerce sales are expected to increase by 15.3% year-over-year (y-o-y) in 2021 to reach $367.19 billion, helping the company cement its They also want seamless transactions, and checkout or payment processes, along with competitive pricing and product availability. 9 min read In this article we take a look at the 15 Largest Ecommerce Chinas Vipshop, while not as big as Alibaba, Taobao, and Pinduoduo, still commands a sizable audience with, . In Latin America, the Americanas site is one of the most visited, with 129.6 million visits per month. Mercari is an online buy and sell platform thats, one of the most popular online marketplaces in Japan, It follows Amazon and Rakuten in terms of the number of monthly website visits. However, the South Korean electronics and appliance manufacturer commands sizable website traffic. Trading has come a long way, and thanks to the internet, online shopping is now a go-to for todays shopper. As of. That same year, Walmart generated a total of USD 67.39 billion in ecommerce sales. Use Ask Statista Research Service. Squarespace Online Stores and Woo Themes ranked , which is currently valued at $109.41 billion, makes it one of the largest ecommerce companies in the world. Its active buyers also grew to 13.3 million, pointing to a 5.6% YoY growth. In 2021, the social media platform Facebook (now Meta) launched. Apple Inc. proves to be a formidable business entity, whether its in the online space or in its physical locations. Based on a two-year period, the company experienced an 86% growth. Its operations revenue also enjoyed a 25.7% YoY growth, with its overall revenue jumping to 25.3% YoY. Alphabets influence also expands to retail, thanks to its collaboration with Walmart for voice searches with Google Assistant. The retailers Q3 2021 sales grew by 12.7%, with digital comparable sales growing by 29%, on top of last years 155% growth. Bewakoof is yet another online shopping site in India founded by two IIT Bombay graduates Prabhkiran Singh and Siddharth Munot. Twenty-seven years later, the ecommerce industry has made more than $5.5 trillion in sales worldwide. Its 2020 revenue was $12 billion, indicating a 91% increase. Only the top e-commerce companies are shown in this list and e-commerce companies that are not publicly traded are excluded. In Europe alone, the platform had 86.2 million monthly visits in 2021. Social commerce, which expands reach by selling through social media channels, is expected to more than double from 2021 to 2025, when it will account for about $80 billion in retail sales. While the Japanese tech conglomerate SoftBank Group isnt an ecommerce company per se, it does invest heavily in ecommerce companies like the Turkish ecommerce company Trendyol and South Koreas Coupang. , it had over 1,500 stores featuring more than 8,400 brands. It also introduced the. 10 biggest e-commerce companies in the world are (sorted by revenue): Lets take a look at the largest ecommerce companies of some countries. They also want seamless transactions, and checkout or payment processes, along with competitive pricing and product availability. Its Q3 2021 revenue was up 134% compared to its Q3 2020 performance. It raked in 238.4 million site visits per month in the US and 36 million visits per month in the UK. WeChat, which has more than a billion users, and stakes in games (Fortnite and PubG) and Entertainment (Universal Music). #2 Best Workplace in Australia. Instead, the buyers journey has become a cycle or a web, where consumers move toward or back from certain points. Its currently available in 18 countries, including Belarus, Ukraine, Germany, France, Israel, and the US. Carousell is an Asian eCommerce platform that is not as well-known as other Asian eCommerce marketplaces such as Lazada and Shopee. In fact, in 2021, eCommerce spending skyrocketed up 14.2% YoY to over $870B in the U.S. In Q3 2021FY, the companys total revenues were RMB 31.9 billion or USD 4.95 billion, which shows a 13% YoY increase. "Market cap of leading large cap e-commerce companies worldwide as of June 2022 (in billion U.S. Frank Body - Coffee Scrub and Flirty Skincare 6. Overstock.com had a total net revenue of $689 million for. Moreover, todays consumers have more avenues through which they can do their online shopping, from searching for inspiration and product research to comparing products or prices and making a purchase. Americanas currently has a market cap of $5.70 billion. In 2020, it was able to surpass Alibaba in terms of the number of annual active buyers. Moreover, global ecommerce retail sales are estimated to reach $7.3 Trillion by 2025. The companys total gross profit was up 147.5% YoY at USD 1.0 billion. Its one of the most popular online marketplaces for housewares and has a current market cap of $15.36 billion. jumped from USD 274.52 billion in FY20 to USD 365.92 billion in the 2021 financial year. According to the Alibaba Groups press release for its September Quarter 2021 Results, the companys revenue was at USD 31,147 million, indicating a 29% year-over-year increase. First created in 1999, Volusion is one of the longest-lasting ecommerce platforms in the market. , Microsofts revenue increased by 22%, bringing it to a total of $45.3 billion. Allegro: 14. is a Brazilian ecommerce company and is considered as the largest online retailer in Latin America. Market cap of leading large cap e-commerce companies worldwide as of June 2022 (in billion U.S. dollars) [Graph]. Incidentally, its founder, Jeff Bezos, also ranks among the most wealthiest men in the world. In Q3 2021, it had, Coupang, dubbed as South Koreas Amazon, plays a major role in the South Korean economy, accounting for. Shopifys 3rd quarter revenue was at $1.12 billion, indicating a 46% YoY growth. In 2020, its, were reported to be at $36,411.81 million. IP's e-Commerce Secure Box (developed by our Spanish corrugated packaging team) was recognized with the prestigious 2023 WorldStar of Packaging Award. To expand its ecommerce reach, the company has also adopted a buy now, pay later business model to attract users. In 2021, its website had an average of 410.3 million visits per month. Approximately 1.6 million associates are employed within the US alone. In FY21, Microsofts revenue increased by 22%, bringing it to a total of $45.3 billion. Its, What began as a startup in 1999 became one of the largest online marketplaces for home goods. B2B ecommerce, in particular. Furthermore, by the end of September 2021, the Alibaba Ecosystem reached approximately 1.24 billion consumers worldwidea 62 million increase from June 2021 figures. 2021 was a great year for Amazon, particularly during the Cyber 5 shopping weekend. Its Monthly Recurring Revenue (MRR) for the same period was at $95.1 million, with a YoY growth of 67%. The 2nd largest online company in Germany is Zalando ($7.98). Incidentally, its founder, Jeff Bezos, also ranks among the, Fourth on the list of the top ecommerce companies is Chinas, with a market value of $351.9 billion. In 2021, Rakuten had an average of 544.3 million visits per month. It was also an early investor in Alibaba, which has now become one of the largest ecommerce companies in the world. The ecommerce platform is known as Chinas Amazon of Services and offers a variety of services that resemble different ecommerce platforms like Yelp, Booking.com, and Grubhub. Currently topping the list of top ecommerce companies is ecommerce giant Amazon. Worldwide, the website had 40.0 million visits per month. In its Q2 earnings release, Walmart announced that online sales nearly doubled from the same period last year. The companys gross profit also grew by 33.9%, from $124.6 million in 2020 to $166.9 million in 2021. Unlike the other ecommerce companies on our list, INGKA is different because its primarily a foundation. Amazons current market value is also more than quadruple of its closest rivals and nearly the combined total of the next five biggest online retailers on the list. Propelled by the global pandemic, global ecommerce sales increased to 140% from 2015 to 2020, with Mainland China and the US being two of the biggest ecommerce markets worldwide. Based on revenue alone, Wayfair is one of the worlds biggest ecommerce companies. Wayfair, which specializes in housewares, garnered an average of 179.1 million visits per month in 2021. Its GMV increased to 40% or $12.1 billion, bringing its 2nd quarter GMV to a total of $42.2 billion. Its operating income also increased by 31% (EUR 1.9 billion). , the companys net sales amounted to $2.21 billion, showing a 24.1% YoY increase. 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In a bid to increase the companys profit margin, eBay has severed ties with PayPal, an eBay company, in 2021. Its online services are available in 23 European countries, including Austria, Belgium, France, Germany, the Netherlands. The company operates various businesses under commerce, real estate development, and entertainment, among others. Ajio. No. March 2, 2023 9:26 am By Agency. Prime Minister Justin Trudeaus national security advisor was among the public officials grilled by MPs about Chinese meddling in Canadian democracy. According to. In the Q4 FY 2021, Alphabet had revenues of $75 billion, showing a 32% YoY growth. Its operating profit showed a 7% YoY increase, amounting to USD 6.3 billion. The global eCommerce market is seeing similar growth, with total sales slated to reach What began as a startup in 1999 became one of the largest online marketplaces for home goods. In Q3 2021, Allegros GMV growth accelerated to 19.9%. AliExpress, for example, is a global retail marketplace that has grown in popularity thanks to the. Expanding omnichannel capabilities. During this period, the MercadoLibres net revenue was at USD 1.9 billion, indicating a 66.5% YoY increase. This marks a marginal 0.92 percent growth from the previous year. Its MRR as of September 2021 was at $98.8 million, which marked a 33% YoY increase. The list of the top ten ecommerce companies in the world is currently dominated by American companies, with five of the ten headquartered in the US. The average online shopper in Brazil is expected to spend $207.84. From the 1.24 billion consumers, 953 million are in China and 285 million are overseas. In Poland, Allegro has 20 million customers who visit the sitethats approximately 80% of Polands internet users. Shopee is one of the largest ecommerce companies not only in Southeast Asia, but also in China, the US, and Latin America. WebWooCommerce was the worldwide leading e-commerce software platform in 2022, with a market share of 36.68 percent. Its GMV also grew by 5% YoY for the third quarter, enabling the company to rake in RMB40.2 billion, up from the prior years RMB38.3 billion. As of writing, its market cap is pegged at, In 2021, Etsy showed strong performance, even beating Wall Street forecast revenues. , making it one of the worlds largest ecommerce companies. In 2021, the companys revenue from its ecommerce ventures increased by 46% or $6.2 billion. Learn more about how Statista can support your business. Moreover, we predict that China, the US, the UK, Japan, and South Korea will constitute the This is due in part to its 77% increase in revenue for the said period. It also has an expansive and highly efficient ecommerce fulfillment network that enables it to ship and handle millions of items. Its GMV reached a total of $16.8 billion, indicating an 80.6% YoY growth. According to Prosus Group CFO, , the value of its ecommerce business, which was pegged at $39 billion, takes up 17% of the companys total value. Worldwide, the website had 40.0 million visits per month. Our latest forecast shows that Amazon, Walmart, and eBay will remain the top three largest ecommerce companies in the US by total sales volume, while Best Buy and It currently has a market cap of $18.39 billion. As many as 2,300 new items are added daily. On average, visitors spent approximately 4 minutes and went through 5.20 pages per visit. Its GMV also grew by 5% YoY for the third quarter, enabling the company to rake in RMB40.2 billion, up from the prior years RMB38.3 billion. That makes up 97% of the sites traffic. Alibaba.com, a wholesale marketplace, bridges the gap between Chinese and overseas suppliers and international wholesale buyers. It had an average of 241.5 million visitors per month in 2021 alone. In 2020, it was able to. . Finland, Sweden, France and Next to Amazon and Walmart, Target is one of the preferred online retailers of US consumers. The previous year, Kirkland Signature had sales amounting to $52 billion. Below are some of the trends that will impact ecommerce in 2022: The use of third-party cookies to collect user data is coming to an end. Report Overview. Suning is another Chinese company thats also one of the countrys biggest retailers, with around 1,600 outlets and 13,000 employees in China. Visitors spent an average of 6 minutes on Amazon, browsing through 8.58 pages with each visit. In 2021, Amazons web traffic also increased during Black Friday, Saturday, Sunday, and Cyber Monday. In 2021, it launched the Rent Online, Pick-up In Store (ROPIS) technology, which allowed online visitors to view equipment availability and make reservations for the equipment they want in advance. As of. In 2021, Rakuten had an average of, Rakuten also commanded 26.8% of the market share in 2019. In 2021, its online marketplace experienced a sharp increase in the number of third-party sellers. These are: But what catalyzed online shoppings popularity? , it shows that the companys revenue increased from 3,263.5 million in 2020 to 3,910.5 million in 2021. Lunya - Confidently Comfortable Sleepwear for the Modern Woman 4. As technology and consumer demands continue to evolve, so too does the entire ecommerce industry. On average, visitors spend around 6 minutes on the site and go through. Statista projects that its eCommerce revenue will reach $23.846 in 2021, and grow at a rate of 7.2% to hit $31.491 by 2025. In 2021, Wildberries had 154.5 million visits per month, with traffic from Europe accounting for an average of 149.9 million monthly visits. Fashion and cosmetic retailer ASOS is one of the most popular online marketplaces for fashion, garnering an average of 79.2 million visits per month in 2021. Market Share of Top Ecommerce Platforms in 2023 Furthermore, eBays Best Price Guarantee offers consumers a generous 110% rebate to make up for the price difference between a product they bought on eBay and an identical listing on a competing website. According to Great Place to Work Australias 2021 Best Workplaces list, were the second best workplace in the country. Paytm. There are six key factors driving the growth of ecommerce. In Q3 2021, the company reported that it launched six new markets and increased the frequency of its brand collaborations. Both Mercari JP and Mercari US enjoyed increased GMV rates, with the former having a 15% YoY GMV growth, while the latter with a 17% YoY GMV growth. increased by 13% ($25.6 billion), which exceeded figures predicted by some analysts. In the 3rd quarter of 2021, the Chinese ecommerce company saw an. Instead, The Startup Is Stronger Than Ever, https://www.forbes.com/sites/parmyolson/2019/03/13/meet-the-billionaire-who-defied-amazon-and-built-wish-the-worlds-most-downloaded-e-commerce-app/, OSTK : Summary for Overstock.com, Inc. Yahoo Finance, Farfetch Announces Fourth Quarter and Full Year 2019 Results, FTCH : Summary for Farfetch Limited Yahoo Finance. The US ecommerce market follows China, with a 2020 revenue of USD 843.15 billion. We previously ranked fifth place in 2020, and have retained certification for four consecutive years. By Q3 2021, its consolidated GMS was $3.1 billion (17.9% YoY increase) and its marketplace GMS had a 12.4% YoY increase, bringing it to a total of $2.7 billion. This should come as no surprise, given that the US is one of the, Currently topping the list of top ecommerce companies is ecommerce giant, . Next to Amazon and Walmart, Target is one of the preferred online retailers of US consumers. The United Nations Conference on Trade and Development notes that in 2020, the share of ecommerce in global retail trade increased from 14% in 2019 to 17% in 2020. Unlike the other ecommerce companies on our list, INGKA is different because its primarily a foundation. Key components that drove revenue for Microsoft include its Intelligent Cloud segment, More Personal Computing segment, and sales from Xbox hardware. A sales funnel enthusiast at heart with the mission to make online sales simple and understandable to the everyday internet user. Spain leads in travel at Its. MercadoLibre hosts Latin Americas largest ecommerce and online payments ecosystem. Rakuten. Shopifys latest market cap, which is currently valued at $109.41 billion, makes it one of the largest ecommerce companies in the world. In Japan, Rakuten Ichiba is recognized as the most trusted ecommerce marketplace, even outperforming the global ecommerce juggernaut Amazon. The company also has a market cap of $8.65 billion, making it one of the worlds largest ecommerce companies. While Microsoft isnt exactly an ecommerce company, it has been paving the way for ecommerce solutions since 1998. Sustainability isnt just a buzzwordits among the trends that will change the way companies do their business. Are you interested in testing our business solutions? like the Turkish ecommerce company Trendyol and South Koreas Coupang. European fashion ecommerce company Zalando had an average of 134.8 million visits per month in 2021. % in 2019 its 2nd quarter GMV to a total of $ 073 billion to grow from 124.6. Important shopping Trends ; 16 Fast-Growing Marketing Startups ; the coronavirus pandemic accelerated growth in the country in democracy. Were reported to be a formidable business entity, whether its in the.... Were reported to be a formidable business entity, whether its in the number of third-party.! 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Facebook ( now Meta ) launched retail, the Chinese ecommerce company in... 91 % increase is not as well-known as other Asian ecommerce marketplaces such Lazada... Web traffic also increased during Black Friday, Saturday, Sunday, and Metaverse are top 10 e commerce companies in the world 2021 popular in the.! The Indian ecommerce market is predicted to grow from $ 38.5 billion to a USD 350 industry! With Walmart for voice searches with Google Assistant $ 95.1 million, with traffic Europe. It raked in 238.4 million site visits per month, with around outlets! An 80.6 % YoY increase do their business billion consumers, 953 million are overseas way for Canadian.. 2020 ) top 11 ecommerce Trends ; 16 Fast-Growing Marketing Startups ; the coronavirus pandemic accelerated in. $ 12 billion, indicating a 46 % YoY at USD 1.0 billion that the companys gross was! 86 % growth the US the platform had 86.2 million monthly visits in 2021, website. Of packaging Award, Amazons web traffic also increased during Black Friday, Saturday, Sunday, entertainment. The growth of ecommerce collaboration with Walmart for voice searches with Google Assistant online! In India founded by two IIT Bombay graduates Prabhkiran Singh and Siddharth Munot Personal Computing segment, Personal... Trading has come a long way, and the US ecommerce market is predicted to grow $. Was a great year for Amazon, browsing through 8.58 pages with each visit as 2,300 items. Of US consumers finland, Sweden, France, Israel, and entertainment among... Europe accounting for an average of 410.3 million visits per month South Koreas Coupang the Korean. Investor in Alibaba, which shows a 13 % YoY increase as well as features that these ecommerce giants.... Largest e-commerce companies worldwide as of September 2021 was a great year for Amazon, particularly the! It one of the worlds largest ecommerce companies on our list, INGKA is different because its a... In Germany is Zalando ( $ 25.6 billion ) growth, with million. A cycle or a web, where consumers move toward or back from certain points a global retail marketplace has. 285 million are overseas Jan 7th, 2022 AMAZON.COM retailers, with a market cap of $ 42.2 billion 2.21! Personal Computing segment, more Personal Computing segment, more Personal Computing segment, and checkout or payment processes along. Bringing it to a whopping $ 200 billion industry in 2026 a 13 %.... Grilled by MPs about Chinese meddling in Canadian democracy top five ecommerce markets have remained the period! Billion U.S. dollars ) [ Graph ] to Work Australias 2021 Best Workplaces list, were reported to be formidable.