The UK e-commerce market is projected to exhibit a considerable CAGR of 17.2% during the forecast period (2019-2025). 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. As per the Office For National Statistics (ONS), internet sales as a percentage of total retail sales were increased from 20.0% in January 2020 to 32.8% in May 2020. 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.
Browse the full report description UK E-Commerce Market Size, Share & Trends Analysis Report by Type (Electronics, Apparel, Healthcare, Pharmaceuticals, and Nutritional Products, Beauty and Personal Care, and Others), Impact of COVID-19 on UK E-Commerce Industry, and Forecast 2019-2025 at https://www.omrglobal.com/industry-reports/uk-e-commerce-market
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. On July 01, 2020, Sainsbury declared its first-quarter trading statement for the 16 weeks to 27th June 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. From the starting of the COVID-19 crisis, it has chosen to make available groceries online to elderly, disabled and vulnerable customers; sales increased by 87% year-on-year and orders from nearly 370,000 to more than 650,000 per week. Approximately, 50% of new online customers of groceries are new customers of the company.
Market Coverage
|
Report Elements |
Details |
|
Study Period |
2018-2025 |
|
Base year |
2018 |
|
Forecast period |
2019-2025 |
|
Segments Covered |
By Product Type |
|
Key Companies Profiled |
AO Retail, Ltd., Amazon.com,
Inc., Argos, Ltd., Tesco Plc, John Lewis Plc, Apple, Inc., and Next Retail,
Ltd. |
Key questions addressed by the report
o Recovery Timeline
o Deviation from pre-COVID
o Most affected region/segment
o Recommendations
UK E-Commerce Market – Segmentation
By Product Type
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