The European e-commerce market is projected to exhibit a considerable CAGR of 17.0% during the forecast period (2019-2025). This is due to the increasing number of internet users, busy lifestyles of consumers, considerable penetration of mobile devices, and government digitalization initiatives, such as the EU4Digital and Digital Europe programme. COVID-19 outbreak has severely impacted the European countries including Spain, Italy, Germany, France, UK, Turkey, and Switzerland. However, online sales have shown a positive response amid the nationwide lockdown. Most of the Brick and Mortar retail shops were closed as a precautionary measure by the European government through a series of lockdown plans to contain the spread of COVID-19.
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Further, Hermes Group, a German delivery firm owned by Otto GmbH is continuously investing in new technologies and a dense network of modern locations. In addition, advanced and customer-centered solutions for final-mile delivery have enabled to unlock further opportunities for the company’s growth. It is a logistics partner to several major online shops and multi-channel retailers. The starting of the new financial year was affected by the COVID-19 pandemic. Following an initial fall, Hermes Germany has witnessed shipment volumes rise by nearly 40.0%. However, decreasing the purchasing power of consumers due to the job cuts of multiple European people might affect the revenue growth of e-commerce operations in the region.
Market Coverage
|
Report Elements |
Details |
|
Study Period |
2018-2025 |
|
Base year |
2018 |
|
Forecast period |
2019-2025 |
|
Segments Covered |
By Product Type |
|
Countries Covered |
UK, Germany, France, Italy, Spain, and RoE |
|
Key Companies Profiled |
Amazon.com, Inc., Argos,
Ltd., Tesco Plc, John Lewis Plc, and Next Retail, Ltd. |
Key questions addressed by the report
o Recovery Timeline
o Deviation from pre-COVID-19
o Most affected region/segment
o Recommendations
European E-Commerce Market – Segmentation
By Product Type
European E-Commerce Market – Segmentation by Geography
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