2014-02-20 21:51:04 - Internet Retailing in the United Kingdom - a new market research report on companiesandmarkets.com
Amazon.com Inc continued to be the leading player in the UK internet retailing market in 2012 with a value share of 16%. Amazon continues to innovate its site and the use of third party sellers makes the retailer unique. Through the help of third party sellers, Amazons product portfolio is almost limitless ranging from clothing and footwear products to food and drinks. Amazon also introduced a shopping app suitable for mobiles and tablet devices in late 2011.
Internet retailing value growth slowed down to 13% in 2012. While the growth remains dynamic, the growth trend is slowing down due to the retail channel becoming more main stream. Most UK consumers feel confident making purchases through the internet therefore the actual consumer
base is no longer growing at such a rapid pace.
Internet retailing is expected to grow by a CAGR of 6% throughout the forecast period. This represents a slowdown in constant value sales growth compared to the historic period as internet retailing is becoming less of a novelty. While in previous years, the consumer base for internet retailers and the number of companies selling their goods through the internet grew at a fast pace, this will reach a peak in the forecast years resulting in a slowdown in growth.
- Internet retailing grows by 13% in 2012 to account for Â£30,766 million
- Mobile commerce continues to drive internet retailing growth
- Apparel continues to be the largest internet retailing category accounting for Â£5,469 million in 2012
- Amazon.com Inc continues to be the leading retailer with a value share of 16% in 2012
- Internet retailing is predicted to continue growing by a CAGR of 6% in constant terms throughout the forecast period
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