Its active customer base saw significant growth in 2021, with the company having a total of 26.4 million, compared to 23.4 million in 2020. Amazon dominates the industry as its revenue continues to grow year after year. So, lets dig inside below! What size is the company you work for? This is also not a definitive, long-standing list of the worlds top ecommerce companies. What Is the Largest eCommerce Company in Germany? 7. 7.Bewakoof. In Europe, it had 185.5 million visits per month. Making the most of Mexicos growing e-commerce market are the US e-commerce mega brands that dominate markets across the world. Start a business and design the life you want all in one place. Rakuten. Its annual sales are projected to be at $11.80 billion. are an integral part of the online shopping experience, retailers websites and traditional search engines like Google and Bing are still important components in the consumers quest for convenience and product or service discovery. Another contributor to IKEAs ecommerce growth is its adoption of augmented reality technologies, allowing customers to get a glimpse of how a piece of furniture from IKEA would look like in their homes. The Brazilian retail chain engages in both physical trade and ecommerce. As one of the leading Russian multi-category marketplaces, it has since expanded its reach globally with Ozon Global, which is present in the US, South America, Africa, Europe, Australia, and Asia. With IP's eCommerce Secure Box customers get an , making it one of the worlds largest ecommerce companies. Quarterly number of PayPal active accounts worldwide 2010-2022, E-commerce as share of total retail sales worldwide 2015-2026, Shopping cart abandonment rate worldwide 2022, by industry. Top eCommerce in The UK (Facebook Stats till March 2020) 1. The second-biggest ecommerce company is also headquartered in the US. From the 1.24 billion consumers, 953 million are in China and 285 million are overseas. A popular online marketplace specializing in electronics, Newegg had 32.6 million visits per month in 2021. in the two years spanning 2019 to 2021 from approximately $59 billion to $113 billion. Since 2014, JD.coms revenue has been steadily on the rise, with its 2021 revenue reaching $141.50 billion and its market cap hitting $120.58 billion. Thats 111.4 million members when you consider Japans population of approximately 126 million individuals (2020). Shopee is one of the largest ecommerce companies not only in Southeast Asia, but also in China, the US, and Latin America. On average, visitors spend close to 8 minutes on the site and go through 10.28 pages per visit. In 2021, Rakuten had an average of, Rakuten also commanded 26.8% of the market share in 2019. Its operating income also increased by 31% (EUR 1.9 billion). In fact, one of Facebooks advantages as an ecommerce platform is its capacity to target audiences. In FY21, Microsofts revenue increased by 22%, bringing it to a total of $45.3 billion. In 2021, it had 178.8 million visitors per month and had net revenues of $33.9 billion, showing a 43.3% increase. Its market cap is currently at $2.27 billion. Top 11 Ecommerce Trends; 12 Important Shopping Trends; 16 Fast-Growing Marketing Startups; The coronavirus pandemic accelerated growth in the eCommerce space. The company is based in Mumbai, Maharashtra. One of Europes most popular online marketplaces and Polands most popular shopping platform, Allegro had an average of 190.2 million visits per month in 2021, worldwide. Its GMV also grew by 5% YoY for the third quarter, enabling the company to rake in RMB40.2 billion, up from the prior years RMB38.3 billion. It has diversified its assets and turned certain aspects of its operations into profitable entities through programs such as Fulfillment by Amazon and Amazon Web Services, with the latter essentially following the companys retail business as its largest driver of profit. They also, rapid growth of ecommerce can also be attributed not just to, but also to lower barriers to entry. Amazon.com is the world's biggest e-Commerce portal. Overstock.com is a US-based online retailer that primarily sells furniture. Bewakoof is yet another online shopping site in India founded by two IIT Bombay graduates Prabhkiran Singh and Siddharth Munot. Rakuten is the biggest online retailer in Japan, with over 50 million registered users. Its 2nd quarter financial results for 2021 showed a 57% YoY growth, with a total revenue of $1,119.4 million. Americanas currently has a market cap of $5.70 billion. , a 7.5% YoY increase from the previous years RMB23.2 billion. Americanas currently has a market cap of $5.70 billion. PinDuoDuo: 8. Marius Kiniulis is the founder of MARKINBLOG.com. The, United Nations Conference on Trade and Development. The number of Pinduoduos active buyers also jumped from 731.3 million to 867.3 million, indicating a 19% increase. In Q3 2021, these same-day services increased to nearly 60%. In 2020, it was able to surpass Alibaba in terms of the number of annual active buyers. Its active customers also increased from 43.4 million to 43.9 million. , the companys net sales amounted to $2.21 billion, showing a 24.1% YoY increase. Ozon Global currently has 25 million regular customers, with approximately 90 million monthly active users and around 90,000 users. Here are the sixth- to tenth-biggest online retailers in the world and their market values: The top ten ecommerce companies in the world are scattered across three different continents, with six from North America, three from Asia, and one from Europe. In 2019, 97% of the Swiss population used the internet. Its online services are available in 23 European countries, including Austria, Belgium, France, Germany, the Netherlands. During the first quarter of 2021, eBay stock dropped but it managed to generate a, , a huge leap from 2021s USD 34.64 billion and 2020s USD 29.61 billion. In the UK and Germany, raking in a total of 32.6 million visits from the region. Profit from the additional features of your individual account. Its present in 18 countries including Argentina, Brazil, Colombia, and Peru. It currently has a market. grew by almost 10%. Web9. The ranking and the market cap data shown on this page are updated daily. In fact, its predicted that by 2040, a whopping 95% of purchases will be made via ecommerce channels. Ajio. In fact, its predicted that by 2040, a whopping. But despite the meteoric rise of the ecommerce industry, not all ecommerce firms have enjoyed successes. Furthermore, eBays Best Price Guarantee offers consumers a generous 110% rebate to make up for the price difference between a product they bought on eBay and an identical listing on a competing website. This feature allows businesses to list their products on Facebook and Instagram, as well as on other Facebook platforms like Messenger, Instagram Direct, and Whatsapp. While eBay lets users buy and sell new products, this online retail marketplace is still considered as one of the worlds largest P2P online marketplace. While its similar to Google, its main focus is on China, showing search results that are in line with the countrys regulations. Russia The companys global ecommerce revenues grew by almost 10%. The new IKEA app reached 33.5 million users in 2021, and app downloads more than doubled during that period. The Home Depot is one of the worlds largest retail chains dedicated to home improvement. In 2020, MD had a market cap of more than $60 billion and experienced. Its operating income also grew by 27% for a total of $20.2 billion. Moreover, global ecommerce retail sales are estimated to reach $7.3 Trillion by 2025. has impacted our daily lives and has expanded the buyers journey. According to 3% of retailers, Target remains one of their top competitors. , the companys reported earnings increased by 20% ($51.73 billion). It raked in. While it is immensely popular in the US and Canada, Wayfair is also popular in Europe. Its operations revenue also enjoyed a. , with its overall revenue jumping to 25.3% YoY. Our latest forecast shows that Amazon, Walmart, and eBay will remain the top three largest ecommerce companies in the US by total sales volume, while Best Buy and WebThe website can also say a lot about your vision. Business Solutions including all features. In 2020, it was able to. That makes up 97% of the sites traffic. In 2021, the companys revenue was approximately. , which is heavily driven by its Foods and Sundries segment. In the same year, this mobile-only platform had a market cap of $159.19 billion. That makes up 97% of the sites traffic. In the last quarter of 2020 alone, the countrys ecommerce order volume jumped to 36%. Virtual reality (VR) transforms how we shop. Amazon is a popular name in the area of the e-commerce industry. Its Q3 2021 performance showed a 48% growth in revenue, with total net revenues totaling $4.6 billion. It enables consumers to purchase products directly from their manufacturers and distributors based in China. Target: 10. In Q3 2021, it had total net revenues of $3.1 billion. The retail giant also boasts an impressive supply chain that consists of 210 distribution centers and a fleet of 9,000 tractors and 80,000 trailers. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Show sources information Its current market cap is at $36.60 billion. Groupon, an ecommerce marketplace that bridges users with local merchants, still remains as one of the worlds largest ecommerce companies. . Were also including a list of trends that continue to shape the ecommerce industry, as well as features that these ecommerce giants share. Similar to other ecommerce platforms, Facebook Shops also has live shopping features and it enables you to connect your loyalty programs to your Facebook account. The company provides services like increased by 13% ($25.6 billion), which exceeded figures predicted by some analysts. , which brought in a total of $1,123.7 million in revenue for the company. in a wide array of countries and markets like food delivery. , the company reported that it launched six new markets and increased the frequency of its brand collaborations. had an average of 190.2 million visits per month in 2021, worldwide. It has an average of 88.9 million visits per month. In 2019, Suning.coms online business experienced accelerated growth thanks to components like its self-operated business and its open platform and cross-platform operations. Statista projects that its eCommerce revenue will reach $23.846 in 2021, and grow at a rate of 7.2% to hit $31.491 by 2025. in all of its segments, Yahoo! , which is currently valued at $109.41 billion, makes it one of the largest ecommerce companies in the world. 0.00%. It currently has a market cap of $073 billion. Alibaba.com, a wholesale marketplace, bridges the gap between Chinese and overseas suppliers and international wholesale buyers. . A majority of the ecommerce companies on our list share the following common features, which help, Marketplace functionality thats geared toward third-party entities, enabling ecommerce companies to provide value-added services and a more comprehensive product range, Seamless ordering and shipping process, enabling greater convenience and better shopping experiences, Membership programs, which incentivizes consumer shopping behavior, Mobile-friendly interface, which allows consumers to access ecommerce websites from their mobile devices, Personalization, which enables ecommerce companies to showcase recommendations, offers, and experiences that are optimized for and relevant to their customers, Amazon dominates the industry as its revenue continues to grow year after year. , Costcos net income grew from $1,166 million last year to $1,324 million. , with revenues totaling $123.9 billion, by the end of 2021. To expand its ecommerce reach, the company has also adopted a buy now, pay later business model to attract users. They also. This huge leap is due in part to iPhone sales, which totaled $71.6 billion (up 9%). In fact, one of Facebooks advantages as an ecommerce platform is its capacity to target audiences. These five biggest online retailers have a combined market value of over $3 trillion. Brazils Casas Bahia, a retail chain that specializes in home goods and appliances, is one of Latin Americas top ecommerce companies, alongside Magazine Luiza and Americanas. 2. MercadoLibre hosts Latin Americas largest ecommerce and online payments ecosystem. Its gross merchandise value (GMV) increased by 23.9%, raking in a total of USD 7.3 billion, which is significantly higher compared to 2020s USD 5.9 billion. , with the goal of supporting small businesses during the pandemic. The companys retail brands are able to reach approximately, through channels like TV networks, streaming services, social media pages, mobile apps, and websites, among other avenues. Currently, the largest eCommerce company in Germany is Otto Group, with revenues of $18.27billion in 2021. It is Googles parent company and has over 160 subsidiary companies, turning it into one of the worlds largest companies. In Europe, OTTO had 55 million monthly visits. Customers, who now have increased reliance on digital channels, want easy-to-use websites. Market Share of Top Ecommerce Platforms in 2023 That is a five-time increase A recent study published by MarkNtel Advisors has cited that the Denmark Tire Marketis set to record around 1.14% CAGR during 2022-27. While primarily a brick-and-mortar retailerand the worlds largest at thatWalmart has been investing in ecommerce in recent years through acquisitions and expanding the scale of its grocery pickup and delivery services. Approximately 1.6 million associates are employed within the US alone. In contrast, its widely popular in Singapore where its also headquartered and also is known as top eCommerce sites in the Philippines. Prime Minister Justin Trudeaus national security advisor was among the public officials grilled by MPs about Chinese meddling in Canadian democracy. South Korea With that in mind, many big-name retailers, such as Amazon and Walmart, are scrambling to gain access to Indias ecommerce market. Its portfolio includes WeChat, which has more than a billion users, and stakes in games (Fortnite and PubG) and Entertainment (Universal Music). In Japan, Rakuten Ichiba is recognized as the most trusted ecommerce marketplace, even outperforming the global ecommerce juggernaut Amazon. This marks a marginal 0.92 percent growth from the previous year. Factors like market cap, revenue, influence, and traffic can change at any given time. It has more than. WebSheins annual revenue in 2021 exceeded USD 15.7 billion (up from $10 billion in 2020). The companys. currently has 25 million regular customers, with approximately 90 million monthly active users and around 90,000 users. Its MRR as of September 2021 was at $98.8 million, which marked a 33% YoY increase. AliExpress, for example, is a global retail marketplace that has grown in popularity thanks to the dropshipping model. The most Paytm. It had an average of 241.5 million visitors per month in 2021 alone. The pandemic further contributed to its growth, with sales surging to 74% and orders reaching nearly 324 million in 2020. The company is best known for its unique range of clothing products and marketing strategy. On average, visitors spent around 9 minutes on the platform and visited 11.43 pages. (mobile and desktop), making it one of the most visited ecommerce sites in the world. While the Japanese tech conglomerate SoftBank Group isnt an ecommerce company per se, it does. Suning.com is one of the largest non-government retailers in China, with over 11,000 stores nationwide on top of its leading eCommerce digital platform. According to Great Place to Work Australias 2021 Best Workplaces list, were the second best workplace in the country. showed revenue of $16.4 billion to $16.9 billion, while the total revenue for FY22 is between $51.8 billion to $52.3 billion. In Poland, Allegro has 20 million customers who visit the sitethats approximately 80% of Polands internet users. Worldwide, the website had 40.0 million visits per month. Throughout the entire journey, their decisionsand consequently, the actions they make are influenced by a variety of offline and online factors. A Lowdown of the Top Most-Visited eCommerce Websites in the World: 1. WebThe report recognises the biggest and brightest e-commerce talents across Australia. Its. On this blog, he handles the sales funnel and online sales research process and presents the findings to readers in fun-to-read yet informative articles. Amazon sells electronics, Accessed March 02, 2023. https://www.statista.com/statistics/245340/leading-large-cap-e-commerce-companies-market-cap/, GP Bullhound. The consumer electronics companys global revenue jumped from USD 274.52 billion in FY20 to USD 365.92 billion in the 2021 financial year. Report Overview. "Market cap of leading large cap e-commerce companies worldwide as of June 2022 (in billion U.S. As online retailers open up more channels and leverage technology to improve their scale and accessibility, more people are embracing the convenience and other benefits that such companies can offer. Compare that to 2020s market value of USD 941 billion and 2021s USD 1.634 trillion. Its also one of the largest e-commerce companies in revenue around the world. When you think of ecommerce companies, Samsung may not always be the first on that list. The companys recurring revenue also enjoyed a 21% YoY growth, while its non-recurring revenue increased by 10% YoY. The companys retail brands are able to reach approximately 218 million homes worldwide through channels like TV networks, streaming services, social media pages, mobile apps, and websites, among other avenues. For the first time, Switzerland leads the UNCTAD B2C E-commerce Index, just ahead of the Netherlands. Best Buy is the largest electronics retailer in the US. The platform currently has over 125,000 merchants who offer products from a variety of categories, including Automotive, Fashion, and Electronics. Propelled by the global pandemic. It had an average of 241.5 million visitors per month in 2021 alone. . According to the companys. In 2021, Etsy showed strong performance, even beating Wall Street forecast revenues. It also introduced the Guaranteed Delivery scheme in 2018, which offers consumers guaranteed shipping (currently only available in the US) within a period of three days or less. Its reported global net sales in 2021 amounted to $2,404.2 million. Its online services are available in 23 European countries, including Austria, Belgium, France, Germany, the Netherlands. Home Depots market value is $411.02 billion, a 43.73 percent annual increase. For the 2021 fiscal year, the company, The site is immensely popular in Turkey, which accounts for 99% of visits. Tencent is a Chinese internet and tech company that publishes some of the worlds most popular video games. Instead, The Startup Is Stronger Than Ever, https://www.forbes.com/sites/parmyolson/2019/03/13/meet-the-billionaire-who-defied-amazon-and-built-wish-the-worlds-most-downloaded-e-commerce-app/, OSTK : Summary for Overstock.com, Inc. Yahoo Finance, Farfetch Announces Fourth Quarter and Full Year 2019 Results, FTCH : Summary for Farfetch Limited Yahoo Finance. Amazon; eBay; JingDong (JD) Walmart; Alibaba; AliExpress; Taobao; Flipkart; Rakuten; Etsy ; Mercado Libre ; 1. The 2nd largest online company in Germany is Zalando ($7.98). Now owned by retail giant Walmart, the ecommerce companys revenue grew by 25% in FY21. In the Q2 2021, the companys revenue reached over 2.7 billion euros, which points to a significant 34% increase compared to the same period in 2020. Furthermore, by the end of September 2021, the Alibaba Ecosystem reached approximately 1.24 billion consumers worldwidea 62 million increase from June 2021 figures. Volusion. In Latin America, the Americanas site is one of the most visited, with 129.6 million visits per month. E-commerce contributed to 19.7% of the total retail sales worldwide in 2022, which was 18.8% in 2021. Sales generated online are also at an all-time high, compared to pre-pandemic rates. Overall, Shopify enjoyed a 46% YoY revenue growth in the 3rd quarter of 2021, which brought in a total of $1,123.7 million in revenue for the company. , with Mainland China and the US being two of the biggest ecommerce markets worldwide. The company specializes not only in online retail, but also in ecommerce, technology, and internet marketing, among other ventures. As consumer expectations continue to evolve, you can expect ecommerce companies to rise up to the challenge and come up with new strategies. Key components that drove revenue for Microsoft include its Intelligent Cloud segment, More Personal Computing segment, and sales from Xbox hardware. However, its not all bad news. Suning.com. Carousell is an Asian eCommerce platform that is not as well-known as other Asian eCommerce marketplaces such as Lazada and Shopee. Amazon. In, GP Bullhound. The ecommerce company has come a long way from its, . The Chinese online discount retailer reported a total net revenue of RMB24.9 billion (USD 3.9 billion) for Q3 2021, a 7.5% YoY increase from the previous years RMB23.2 billion. The COVID-19 pandemic prompted businesses and consumers to go digital, increasingly accessing goods and services available on online platforms. in terms of the number of annual active buyers. In 2021, Alibaba.com served more than 34 million buyers from 190 countries. , the companys total revenues increased by 37.9%, bringing it to RMB 48.8 billion from RMB 35.4 billion in 2020. Its gross margin also expanded by 90 basis points, bringing the total to 26.4%. Aside from the abovementioned factors, ecommerce is largely impacted by customer expectations and evolving media consumption habits. This helps visitors find the best price for a certain product easily. While eBay lets users buy and sell new products, this online retail marketplace is still considered as one of the worlds largest P2P online marketplace. jumped from USD 274.52 billion in FY20 to USD 365.92 billion in the 2021 financial year. in the third quarter of 2021, pointing to an 85% YoY increase. The. In 2021, it had 178.8 million visitors per month and had. in the US and 36 million visits per month in the UK. . The company has more than 13,000 internet stores of varying scales and types, such as Suning.com Plaza and Suning Retail Cloud Store. Alibaba Group Holding Limited: 4. In the year 2020, Bewakoof made a revenue of Rs 200 Cr. It came out as a result of the merger between Americanas.com and Submarino in 2006. That same year, Walmart generated a total of USD 67.39 billion in ecommerce sales. Amazon. The companys total revenue in 2021 increased by 13% ($25.6 billion), which exceeded figures predicted by some analysts. In 2020, China emerged as the worlds biggest ecommerce market, which was valued at USD 2,779.31 billion. Another factor that contributed to Amazons growth is its investment in making the online shopping experience more convenient by speeding up deliveries. The companys total gross profit was up 147.5% YoY at USD 1.0 billion. As more banks and payment platforms are beginning to include crypto in their offerings, its expected that it will become a more mainstream mode of payment not only in 2022, but also in the years to come. The online retail experience is known as electronic commerce or eCommerce, a virtual platform facilitating online transactions in exchange for physical products or services. Its Monthly Recurring Revenue (MRR) for the same period was at $95.1 million, with a YoY growth of 67%. Etsy: 7. Rakuten is a B2B2C eCommerce platform and the largest eCommerce site in Japan. Its, What began as a startup in 1999 became one of the largest online marketplaces for home goods. On average, visitors spend around 6 minutes on the site and go through 7.54 pages per visit. , compared to FY2020s $86 billion. Its GMV reached a total of $16.8 billion, indicating an 80.6% YoY growth. IP's e-Commerce Secure Box (developed by our Spanish corrugated packaging team) was recognized with the prestigious 2023 WorldStar of Packaging Award. The path to purchase no longer necessarily follows a linear, clear-cut path. The ideal entry-level account for individual users. Moreover, global ecommerce retail sales are estimated to reach $7.3 Trillion by 2025. It raked in. 10 biggest e-commerce companies in the world are (sorted by revenue): Lets take a look at the largest ecommerce companies of some countries. Nykaa.com is one of the most successful upcoming e-commerce companies in India. The only non-European economies among the top 10 are Singapore, ranked fourth, and Hong Kong (China) in the 10th position. In Germany, revenues increased by almost 9%. So, it is no surprise that some of the biggest companies in the world are eCommerce platforms. N/A. Shopee is one of the largest ecommerce companies not only in Southeast Asia, but also in China, the US, and Latin America. Its one of the most popular online marketplaces for housewares and has a. of $15.36 billion. Chinas Vipshop, while not as big as Alibaba, Taobao, and Pinduoduo, still commands a sizable audience with 11.4 million visits per month. Jack Mas company has. Otto runs in more than 20 countries worldwide. On Thanksgiving. On average, visitors spend approximately 11 minutes on the site, browsing through 14.15 pages per visit. model. Meta is reportedly planning to release its first pair of smart glasses with a display alongside a neural interface smartwatch designed to control them in 2025. It is presently one of the largest e-commerce stores for fashion and lifestyle products in India for men, women, and kids. Its MRR as of September 2021 was at $98.8 million, which marked a 33% YoY increase. Market research showed that in 2021 Q2 alone, funding acquired by e-commerce companies worldwide totaled US$16.8 billion. grew by 6.5%, amounting to a total of EUR 39.8 billion. TCS is one of India's most famous IT companies and placed among the most valuable IT services brands globally. This huge jump in revenue is largely because of digital advertising. Social commerce, which expands reach by selling through social media channels, is expected to more than double from 2021 to 2025, when it will account for about $80 billion in retail sales. Mercari is an online buy and sell platform thats one of the most popular online marketplaces in Japan, with 75.2 million visits per month. Allegro is one of the go-to sites for Poles who search for products online, making it more popular than conventional search engines. Shopifys 3rd quarter revenue was at $1.12 billion, indicating a 46% YoY growth. Its GMV increased to 40% or $12.1 billion, bringing its 2nd quarter GMV to a total of $42.2 billion. In June 2021, Groupon.com had 30.9 million monthly visits, a significant increase compared to January 2021s 24.3 million visits per month. Global ecommerce sales are projected to increase 12.2 % year-over-year, to $6.3 trillion in 2023, according to eMarketer. In a bid to increase the companys profit margin, eBay has severed ties with PayPal, an eBay company, in 2021. Coupang has Dawn Delivery, which lets customers receive their packages by 7 a.m. the next day, provided they place an order before midnight. Allegro: 14. , it shows that the companys revenue increased from 3,263.5 million in 2020 to 3,910.5 million in 2021. Furthermore, the company also extended its partnership with Google Cloud to boost its digital transformation measures. In. Spain leads in travel at In Europe, it had 59.1 million visits per month in 2021. The fifth-biggest online retailer in the world is Prosus, a multinational conglomerate company headquartered in the Netherlands. For the 2021 fiscal year, Costcos net sales amounted to $192 billion, indicating an 18% increase. Tencent is a Chinese internet and tech company that publishes some of the worlds most popular video games. The list of the top ten ecommerce companies in the world is currently dominated by American companies, with five of the ten headquartered in the US. Chinas Vipshop, while not as big as Alibaba, Taobao, and Pinduoduo, still commands a sizable audience with, . Ecommerce order volume jumped to 36 % made via ecommerce channels Accessed March,... Markets worldwide media consumption habits 24.3 million visits per month, Groupon.com had 30.9 million monthly,... It enables consumers to purchase products directly from their manufacturers and distributors in... And Germany, raking in a bid to increase 12.2 % year-over-year, $. 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