During the peak of the coronavirus (COVID-19) crisis (March-April 2020) when many countries worldwide introduced lockdown measures, e-commerce share in total retail sales saw proportions that were not seen before. In the United Kingdom, where an already mature e-commerce market exists, e-commerce share saw as high as 31.3 percent, before stabilizing in the subsequent periods. In the most current period (as of January 31, 2021), United Kingdom, United States and Canada were the leading countries where e-commerce had a higher share as a proportion of total retail, at 24, 17, and 15 percent, respectively.

The COVID-19 pandemic caused a decrease in access to goods, as reported by 26 percent of the survey respondents in May 12, 2020.

Originating in Wuhan, China, the novel coronavirus has spread globally and has hit the Nordic countries.

Retail platforms have undergone an unprecedented global traffic increase between January 2019 and June 2020, surpassing even holiday season traffic peaks. Overall, retail websites generated almost 22 billion visits in June 2020, up from 16.07 billion global visits in January 2020. This is of course due to the global coronavirus pandemic which has forced millions of people to stay at home in order to stop the spread of the virus. Due to many shelter at home orders and a desire to avoid crowded stores in places where it is possible to shop, consumers have turned to the internet to procure everyday items such as groceries or toilet paper.

In 2022 nearly 50 percent of U.S. respondents from a survey on digital beauty shopping reported that they now buy more beauty products compared to before the Covid-19 pandemic. This figure is down 4 percent from the year before.

In Sweden, over 90 percent of the companies experienced an increase of e-commerce after the outbreak of COVID-19. Just above five percent said that the sales remained unchanged, whereas no-one experienced a decrease in internet sales.

For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Fact and Figures page.

The 2020 coronavirus (COVID-19) epidemic in Germany is impacting e-commerce in the country. According to a survey conducted in March 2020, online businesses are already predicting problems they will have to deal with during the rest of the year. 77 percent of respondents expected delays in deliveries or cancellations for restocking, while the same share also predicted a decline in revenue. The coronavirus (COVID-19) pandemic is causing companies to reevaluate their plans for the rest of 2020 and beyond.

In the United States, the future shopping preferences of online luxury shoppers indicated that the intention of using product samples or virtual assistants after the COVID-19 pandemic would decrease. With the ease of restrictions, only 15 percent of shoppers would buy luxury products with a virtual assistant or live chat, nine percentage points lower than the share registered during the pandemic.

Effect of COVID-19 on e-commerce.

The size and share of the market is categorized based on Type (Agricultural Inputs (Seeds, Fertilizers, Pesticides), Agricultural Machinery & Equipment, Agricultural Products (Grains, Fruits, Vegetables), Others;) and Application (B2B (Business-to-Business), B2C (Business-to-Consumer), C2C (Consumer-to-Consumer);) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Since the spread of the coronavirus (COVID-19), consumers changed their shopping behaviors and therefore many companies were impacted, some positively, some negatively. According to a survey conducted by Casaleggio Associati among Italian e-commerce companies in March 2020, almost 70 percent of the surveyed companies declared that they were positively impacted by the pandemic. However, the same survey run at the beginning of 2021 showed that 59 percent of Italian companies saw their turnover increase throughout 2021, while only 16 percent of them saw their revenue drop.

In-store or brick-and-mortar retail sales in the United States fell by 29.3 percent in the second quarter of 2020. This decrease was likely a result of the COVID-19 pandemic. Total retail sales in the United States amounted to 5.47 trillion U.S. dollars in 2019.

49 percent of Danish e-commerce businesses reported that their company's revenue was at least 25 percent higher than expected after the COVID-19 pandemic, as of May, 2020. In contrast, 17 percent of businesses in the country experienced at least 25 percent lower revenues than expected.

Originating in Wuhan, China, the novel coronavirus has spread globally and has hit the Nordic countries.

Heterogeneous effects of COVID-19 on e-commerce: By age of the household head.

The size and share of the market is categorized based on Application (BFSI, Retail and eCommerce, Healthcare and Life Sciences, Government and Defense, Telecommunications and IT, Manufacturing) and Product (On-premise, Cloud) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

According to Cognitive Market Research, the global Last Mile in E commerce Delivery market size will be USD XX million in 2024. It will expand at a compound annual growth rate (CAGR) of 10.60% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD XX million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.6% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.3% from 2024 to 2031.
The Standard Delivery is the fastest growing segment of the Last Mile in E commerce Delivery industry

Market Dynamics of Last Mile in E commerce Delivery Market

Key Drivers for Last Mile in E commerce Delivery Market

Increasing E-commerce Boom to Boost Market Growth

The speedy growth of e-commerce has considerably improved the call for green and reliable remaining-mile delivery services. As online buying will become a staple in purchaser behavior, customers count on their orders to arrive right away and with no trouble, frequently within an afternoon or maybe hours. This surge in demand has caused businesses to innovate their delivery answers, consisting of the use of advanced logistics technology, drones, and electric automobiles. Meeting those client expectancies is vital for groups to preserve competitiveness and customer pride in a crowded market, riding similar investments in final-mile shipping infrastructure and offerings. For instance, MikMak, the leading eCommerce acceleration platform for multichannel businesses, will purchase Swaven, a well-known supplier of analytics and eCommerce enablement software in EMEA, APAC, and LATAM. The world's most advanced eCommerce analytics platform, MikMak 3.0, is made possible by the amalgamation of the two companies.

Expansion of the Urbanization to Drive Market Growth

Increasing urbanization has concentrated populations in densely populated regions, developing each demanding situation and opportunities for ultimate-mile transport offerings. With extra consumers living in urban facilities, corporations should adapt to navigate congested streets and constrained parking, which could complicate well-timed deliveries. This scenario demands innovative and sustainable answers, together with the use of electric-powered motors, bicycles, or drones, to reduce visitors' congestion and environmental effects. Companies are also exploring smart logistics technologies to optimize routes and beautify transport performance. Successfully addressing those city-demanding situations now not simplest improves consumer delight but also positions corporations favorably within the aggressive e-trade landscape.

Restraint Factor for the Last Mile in E commerce Delivery Market

Complexity and Cost, will Limit Market Growth

Traffic congestion in urban areas presents a first-rate mission for remaining-mile shipping companies, as it could notably delay shipping instances and inflate operational prices. With increasing vehicle density and avenue restrictions, shipping vehicles often face unpredictable visitor styles, main to longer routes, and multiplied gas consumption. These delays can negatively affect purchaser delight and set off agencies to search for alternative techniques, which include optimizing transport schedules or using smaller, more agile cars. To mitigate the impact of congestion, last-mile transport services are more and more adopting era-pushed answers, together with direction optimization and real-time traffic tracking, to enhance efficiency and decrease costs.

Impact of Covid-19 on the Last Mile in E commerce Delivery Market

The COVID-19 pandemic dramatically transformed the ultimate-mile transport landscape in the e-trade marketplace. With lockdowns and social distancing measures in the area, pur...

Heterogeneous effects of COVID-19 on e-commerce: By perceived risk.

Reason for the heterogeneous effect of COVID-19 on e-commerce: By city level.

According to Cognitive Market Research, the global international e-commerce market size will be USD XX million in 2024. It will expand at a compound annual growth rate (CAGR) of 16.0% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD XX million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 18.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.7% from 2024 to 2031.
The digital wallets held the highest international e-commerce market revenue share in 2024.

Market Dynamics of International E-Commerce Market

Key Drivers for International E-Commerce Market

Development of Encryption Technology and Safe Payment Gateways to Increase the Demand Globally

The development of encryption technology and safe payment gateways has significantly bolstered the international e-commerce market. Enhanced encryption ensures secure data transmission, protecting customer information from cyber threats and boosting consumer trust. Safe payment gateways offer reliable and seamless transactions, mitigating fraud risks and accommodating various currencies and payment methods. These advancements address critical security concerns, facilitating smoother cross-border transactions and encouraging more consumers to engage in international online shopping. As a result, the e-commerce market experiences increased growth and expansion, overcoming some of its primary operational challenges.

Rising Internet Penetration and Smartphone Use to Propel Market Growth

Rising internet penetration and increased smartphone use significantly drive the growth of the international e-commerce market. As more people gain access to the internet, especially in developing regions, the potential customer base for online retailers expands. Smartphones facilitate convenient, on-the-go shopping experiences, boosting online purchase frequency. Enhanced internet connectivity and mobile technology enable easier access to e-commerce platforms, leading to increased consumer engagement and sales. Consequently, businesses can reach a broader audience, driving international expansion and market growth, while consumers benefit from greater accessibility to a wide range of products and services globally.

Restraint Factor for the International E-Commerce Market

High Costs and Delays in International Shipping to Limit the Sales

High costs and delays in international shipping significantly impact the international e-commerce market. Shipping internationally involves complex logistics, including customs clearance, handling fees, and transportation across multiple borders, which can be costly and time-consuming. These expenses often lead to higher product prices and longer delivery times, discouraging potential customers. Additionally, logistical challenges such as port congestion, limited shipping options, and geopolitical issues can cause further delays. These factors collectively restrain market growth by reducing customer satisfaction and increasing operational costs for e-commerce businesses.

Impact of Covid-19 on the International E-Commerce Market

The COVID-19 pandemic significantly accelerated the growth of the international e-commerce market. Lockdowns and social distancing measures led to a surge in online shopping as consumers avoided physical stores. Businesses rapidly adapted by enhancing their online presence and logistics capabilities. Despite initial disruptions in the supply chain and delivery services, the demand for e-commerce solutions skyrocketed, driving innovation in digital payment methods and contactless delivery. This shift has permanently changed consumer behavior, with many continuing to prefer online shopping for convenience and safety, even post-pande...

As per Cognitive Market Research's latest published report, the Global E-commerce Logistics market size will be $1,864.6 Billion by 2030. E-commerce Logistics Industry's Compound Annual Growth Rate will be 19.4% from 2023 to 2030. Factors Impacting on E-Commerce Logistics Market

Increasing cross-border e-commerce business, rising disposable income, and increasing availability of international brands to customers are factors projected to drive the growth of the target market. Growing demand for the widespread application of e-commerce logistics due to developments in digital technologies is expected to fuel market growth. Rising smartphone penetration, digitization, drone delivery, and digital payments are factors projected to boost the growth of the target market. Growing adoption of hardware technologies alike barcode technology, IoT, GIS, portable data terminals, and GPS has further fuelled the growth of the industry.

Growing e-commerce has created the demand for logistics services in areas such as express delivery and inventory management, which is a factor expected to drive market growth. In addition, with the acceleration of urbanization and the popularity of the Internet and mobile devices, as well as the increasing number of warehouses and the expansion of the logistics industry, e-commerce will continue to exist and merchants will strengthen e-commerce.

E-commerce Logistics Market Restraints

Numerous returns due to product defects and delivery failures increase logistics costs, which is one of the factors affecting the forecasted annual market growth. Moreover, cost pressure is driving e-commerce logistics companies to shift to ground transportation for deliveries, which may negatively impact market growth in the near future.

COVID-19 Impact:

Consumers have turned to digital to buy groceries and pay bills to beat the lockdown blues during the pandemic. While many industries have stumbled through the difficult lockdown period, one industry has been granted free passage and is making the most of the e-commerce logistics opportunity. With most of the brick-and-mortar stores forced to close, most of the former offline buyers have turned to online shopping mode. With the rapid growth of e-commerce, companies must deal with intricate supply chains, rising fuel costs, and increasing competition. It may be feasible for a 3PL to manage these constraints and remain competitive, but doing so becomes more challenging as multi-customer fulfillment models are implemented. Multi-customer fulfillment methods are less expensive than dedicated fulfillment methods. With brick-and-mortar stores closed, people have been forced to turn to online shopping for their most basic needs, including food, furniture, technology, and clothing. Definition of E-commerce logistics:

E-commerce logistics is well-defined as the supply chain through which a company's online customer orders are fulfilled. This is the process from the point of manufacture until the product is delivered to the consumer-commerce logistics include providing warehousing, transportation, value-added services, packaging, and other services. The development of digital technology led to a surge in the demand for several applications in the e-commerce logistics market.

The ongoing coronavirus crisis has severely impacted many industries. As of March 2020, the fastest declining e-commerce categories were luggage and suitcases, as well as briefcases, each having a decrease of 77 percent year-over-year. With a variety of travel bans in place during the coronavirus, it is no surprise that any kind of travel-related purchases and bookings are on hold for the foreseeable future.