The Latin American e-commerce retail market is anticipated to grow at a considerable CAGR of around 25.6% during the forecast period (2021-2027). The market growth is mainly attributed to the rise in internet users in the region as a large number of internet users makes it easy for e-commerce retail market players to reach target customers. This provides opportunities for the market players since online sales are increasing. According to the analysis of the International Trade Administration (ITA), already over two-thirds of the population have access to smartphones, and this figure is expected to increase to almost 80% by 2025. With this, there has been an increase in internet users which has led to a huge rise in shopping orders from e-commerce companies. According to the reports of IMRG, in 2018, Brazil had the fourth-largest population of internet users in the world including over 100 million over the age of ten, and already two-thirds of them are online shoppers. More than 75% of the internet population are engaged in retail purposes shopping.
Browse the full report description Latin America E-Commerce Retail Market Size, Share & Trends Analysis Report By End-Users (Business to Consumer, Business to Business, and Customer to Customer), By Product (Electronics, Fashion, Books and Magazines, Home Décor, Healthcare, Automobile, Sports, Beauty, and Personal Care, Kitchenware, and Others), By Device Used (Smartphone, Tablets, and Personal Computer) Forecast Period 2021-2027 at https://www.omrglobal.com/industry-reports/latin-america-e-commerce-retail-market
In addition to this, cost-effective products with great offers and a rise in the launch of new products are also the factors that drive the growth of the market. The market share is also estimated to increase with a rise in new players in the region owing to more people increasing their interest in online shopping. For instance, in July 2021, FedEx Logistics, a subsidiary of FedEx Corp. has announced the launch of FedEx Trade Solutions, a new team in FedEx Trade Networks Transport & Brokerage, Inc. FedEx Trade Solutions provides customized trade solutions that support customers to enhance their compliance procedures while decreasing complexity, time, and costs so they can focus on developing their operations. Besides, in May 2021, FedEx Corp. has announced the launch of the FedEx E-Commerce Learning Lab, a new program developed in collaboration with Accion Opportunity Fund (AOF), a non-profit organization providing small business owners with access to capital, networks, and coaching.
Market Coverage
o By End-Users
o By Product
o By Device Used
o Brazil
o Mexico
o Argentina
o Rest of Latin America
Key questions addressed by the report
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
Latin Ameria e-commerce retail market Report Segment
By End-Users
By Product
By Device Used
Latin Ameria e-commerce retail market Report Segment by Geography
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