UK e-commerce industry is expected to see a CAGR of 17.2% during the period (2019-2025). 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.

Amazon.com, Inc., Argos Ltd., Tesco PLC, John Lewis PLC, and Next Retail, Ltd. are some major e-commerce companies in the country. In much of the quarter, all 573 Argos standalone stores were closed. However, Sainsbury customers could shop with Argos online for click and collect from Sainsbury’s stores and home delivery. Therefore, the Argos performed very well, increasing 10.7%, with home delivery sales increased 78.0% and click and collect sales increased by 53.0%. Lockdown measures in the country started to ease at the end of June 2020. As a result, the company opened 174 stores across the UK and Ireland in phase one, and in phase two in July, the company will open 100 more stores.

Research Methodology

OMR global recently published a report addressing the impact of COVID-19 on the UK e-commerce industry. The study is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data. Different approaches have been worked on to derive the market value and market growth rate. In the report, the analysis of the country is provided by analyzing various regional players, laws and policies, consumer behavior, and macro-economic factors. The report includes an analysis of different regions and countries and the effect of COVID-19 on the e-commerce industry of each respective region. Besides, an expected recovery timeline of the industry will also be included with the best- and worst-case scenario which will aid clients to take their future steps in the decision-making process.

Sources Include

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog
• Government Organizations Reports

The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

The Report Covers

• Comprehensive research methodology of UK e-commerce industry.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting UK e-commerce industry.
• Insights about market determinants which are stimulating UK e-commerce industry.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.