Retail Channel Series: UK Online Marketplace Retailing 2019 - 2024

Retail Channel Series: UK Online Marketplace Retailing 2019 - 2024

Summary

The UK Online Marketplace Retailing 2019-2024 report forms part of GlobalData's Retail Channel series, and offers a comprehensive insight into the UK online marketplace market, the main trends and hot issues, key players, consumer attitudes and shopping behaviour.

Online marketplaces have become increasingly popular shopping destinations in recent years, primarily thanks to wide product catalogues and shoppers perceiving marketplaces as offering low prices.

General merchandisers, Amazon and eBay, dominate the online marketplaces channel, and are forecast to account for 92.5% of spend in 2019.

Scope

- Spend via online marketplaces is forecast to reach £26.2bn in 2019 and rise £13.1bn over the next five years, with both brand new and second hand products appealing to consumers.
- Clothing & footwear is the most popular sector shopped on marketplaces, driven in particular by the changing shopping habits of young consumers and the presence of marketplaces selling predominantly clothing & footwear.
- Spend is dominated by brand new products sold by retailers or independent sellers and despite sustainability becoming more of a concern for consumers, spend on brand new items will rise at a faster pace than spend on second hand products over the next five years.

Reasons to buy

- Utilise our five year forecasts to 2024 for the UK online marketplace market, broken down by sector and by brand new and second hand products to understand the main areas of growth.
- Identify the key players in the online marketplace market using our in-depth analysis to learn how to appeal to consumers.
- Understand the key drivers and inhibitors affecting online marketplace retailing to maximise sales potential, such as the appeal of marketplaces for independent retailers.