The US e-commerce market is projected to exhibit a considerable CAGR of 17.6% during the forecast period (2019-2025). This is owing to the advancement in logistics technologies attributed to the introduction of automation, robotics, wearable technology, drone technology, self-driving vehicles, cloud computing, internet of things (IoT) in logistics technology. These technologies have the potential to provide vast efficiency and flexibility options for the logistics industry. To provide innovative e-commerce logistics solutions, the major players are performing partnerships and collaboration with other major players within the region. For instance, in 2016, United Parcel Service of America, Inc. partnered with Zipline, a medical drone delivery startup to develop drones to deliver medical supplies such as blood and vaccines in minimum time. In 2017, United Parcel Service of America, Inc. introduced a UPS package car that autonomously delivers a package to the customer. Such innovations are driving the growth of the e-commerce market in the US.
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In light of the COVID-19 pandemic, Amazon.com, Inc., one of the leading e-commerce companies in the US, has decided to spend approximately $4 billion in response to the coronavirus pandemic, including plans to test its workforce for COVID-19. City lockdown and store shutdowns have hit the company’s revenue generation. Along with this, the company launched a $20 million AWS Diagnostic Initiative to accelerate COVID-19 research. In Europe, almost $23 million were donated to support those most affected by the COVID-19 pandemic. On 16 July 2020, the company donated $10 million in critically-needed personal protective equipment. All these expenses may lead to a risk of loss in the upcoming quarter. Despite some loss, the unit sales through the online shopping surged by 32% in the first quarter, which is a major pace since the fourth quarter of 2012.
Market Coverage
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Report Elements |
Details |
|
Study Period |
2018-2025 |
|
Base year |
2018 |
|
Forecast period |
2019-2025 |
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Segments Covered |
By Type |
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Key Companies Profiled |
Walmart
Inc., Amazon.com, Inc., ASOS PLC, Datex Corp., eBay Inc. Apple, Inc., and
Shopify Inc. |
Key questions addressed by the report
o Recovery Timeline
o Deviation from pre-COVID-19
o Most affected region/segment
o Recommendations
US E-Commerce Market – Segmentation
By Product Type