top 10 e commerce companies in the world 2021
Expect to see the continued growth of global B2B and B2C sales, including cross-border B2C ecommerce. Otto runs in more than 20 countries worldwide. Finland, Sweden, France and for a range of business types, from small businesses to startups. In January 2022, it had a market value amounting to USD 1.649 trillion. not only in online retail, but also in ecommerce, technology, and internet marketing, among other ventures. The number of Pinduoduos active buyers also jumped from 731.3 million to 867.3 million, indicating a 19% increase. Its present in 18 countries including Argentina, Brazil, Colombia, and Peru. Instead, the buyers journey has become a cycle or a web, where consumers move toward or back from certain points. , which allows customers to try out their orders at designated pick-up points and pay for whatever items they decide to take home. The consumer electronics companys. Currently, the largest eCommerce company in Germany is Otto Group, with revenues of $18.27billion in 2021. The Top 50 People in E-commerce report, published by Inside Retail, recognises the biggest and brightest e-commerce talents In 2021, it had an average of 130.6 million visits per month. 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. Zappos: 19. In the. Unlike other ecommerce companies that leverage third-party entities, Jingdong takes care of all logistics operations. The ideal entry-level account for individual users. One of the key factors contributing to its steady growth is its consumer-centric approach, with the goal of providing customers with the best when it comes to selection, price, and convenience. Its 2020 revenue was $12 billion, indicating a 91% increase. model. in the two years spanning 2019 to 2021 from approximately $59 billion to $113 billion. Over the years, Amazon has grown to become one of the worlds most influential ecommerce companies. In the 3rd quarter of 2021, the Chinese ecommerce company saw an increase of 51% in its total revenues, which was at USD 3,337.6 million. , the companys net sales amounted to $2.21 billion, showing a 24.1% YoY increase. On average, visitors spend around 6 minutes on the site and go through, . Were also including a list of trends that continue to shape the ecommerce industry, as well as features that these ecommerce giants share. IP's e-Commerce Secure Box (developed by our Spanish corrugated packaging team) was recognized with the prestigious 2023 WorldStar of Packaging Award. Its, Chewy is an ecommerce company dedicated to providing pet supplies. . Did you know? Best Buy is the largest electronics retailer in the US. 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. Worldwide, the website had 40.0 million visits per month. For the 3rd quarter of 2021, the companys total revenues increased by 37.9%, bringing it to RMB 48.8 billion from RMB 35.4 billion in 2020. Bonobos - A Better Pair of Pants 2. With a market cap of $19.63 billion, its one of the worlds top ecommerce companies. Sea Limiteds ecommerce arm had a GAAP revenue of $1.5 billion, which points to a 134.4% YoY growth. , where consumers move toward or back from certain points. 101+ Top eCommerce Business Ideas for 2023, 14 of the Best eCommerce Platforms Compared & Rated for 2023. Conclusion. The Home Depot is one of the worlds largest retail chains dedicated to home improvement. List of Largest eCommerce Companies in the World in 2022, Top 10 Largest eCommerce Companies (Ranked by Revenue). In fact, one of Facebooks advantages as an ecommerce platform is its capacity to target audiences. Prime Minister Justin Trudeaus national security advisor was among the public officials grilled by MPs about Chinese meddling in Canadian democracy. This feature allows businesses to list their products on Facebook and Instagram, as well as on other Facebook platforms like Messenger, Instagram Direct, and Whatsapp. For the 3rd quarter of the 2021 fiscal year, the Home Depot also reported the increase of its comparable sales and comparable sales in the US by 6.1% and 5.5$ respectively. According to Great Place to Work Australias 2021 Best Workplaces list, were the second best workplace in the country. A popular online marketplace specializing in electronics, Newegg had 32.6 million visits per month in 2021. Snapdeal. In fact, one of Facebooks advantages as an ecommerce platform is its capacity to target audiences. Its Q3 2021 performance showed a 48% growth in revenue, with total net revenues totaling $4.6 billion. 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 Japan, Rakuten Ichiba is recognized as the most trusted ecommerce marketplace, even outperforming the global ecommerce juggernaut Amazon. had an average of 190.2 million visits per month in 2021, worldwide. This huge leap is due in part to iPhone sales, which totaled $71.6 billion (up 9%). dollars)." Its current market cap is reported to be at $2.37 billion. Currently, the largest eCommerce company in the United States is Amazon, with revenues of $469.82billion in 2021. N/A. This should come as no surprise, given that the US is one of the biggest ecommerce markets in the world. The number of active customers also increased by at least 20% YoY. Within the last 10 years, its profits have multiplied by approximately 107 times, amounting to, Japans ZOZOTOWN, or ZOZO, is one of the countrys most famous fashion retailers, with 43 million visits per month in Japan alone. It enables consumers to purchase products directly from their manufacturers and distributors based in China. Brazil. And finally, ShopClues. consolidated results show that its net sales had a 44% YoY growth, amounting to 37.5 billion JPY. in English Literature from the University of Texas at Austin and afterward spent a year abroad to pursue a Master's in International Management from Trinity College Dublin. RILs Reliance Retail is Indias largest retailer, based on revenue and number of stores. currently has 25 million regular customers, with approximately 90 million monthly active users and around 90,000 users. Consumers are expecting companies to become more sustainable. Aside from games, its, include cloud computing solutions, advertising, and FinTech. Its also Europes largest consumer Internet company and one of the worlds largest tech investors. In 2021, Target, one of the largest retail chains in the US, had an average of 182.2 million visits per month, making it one of the top ecommerce websites. In Germany, revenues increased by almost 9%. Alibaba.com, a wholesale marketplace, bridges the gap between Chinese and overseas suppliers and international wholesale buyers. GP Bullhound. For the fiscal Q3 2021, the companys net sales amounted to $2.21 billion, showing a 24.1% YoY increase. The company is backed by another ecommerce giant, Alibaba. Amazon founder Jeff Bezos noted that half of all the purchases on Amazon are completed in less than 15 minutes. , the companys reported earnings increased by 20% ($51.73 billion). What Is the Largest eCommerce Company in the United Kingdom? The companys total gross profit was up 147.5% YoY at USD 1.0 billion. Propelled by the global pandemic. Flipkart. The global eCommerce market is seeing similar growth, with total sales slated to reach 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. Shopifys 3rd quarter revenue was at $1.12 billion, indicating a 46% YoY growth. Sales generated online are also at an all-time high, compared to pre-pandemic rates. Walmart currently operates around 10,500 stores and clubs in 24 countries and ecommerce websites. self-operated retail chains to ecommerce platforms and cloud services. One of Europes most popular online marketplaces and Polands most popular shopping platform. On average, visitors spent approximately 4 minutes and went through 5.20 pages per visit. One of the key factors for the companys steady growth is its speedy delivery service. It had a. , its consolidated GMS was $3.1 billion (17.9% YoY increase) and its marketplace GMS had a 12.4% YoY increase, bringing it to a total of $2.7 billion. This marks a marginal 0.92 percent growth from the previous year. Its operations revenue also enjoyed a 25.7% YoY growth, with its overall revenue jumping to 25.3% YoY. Allegro is one of the go-to sites for Poles, who search for products online, making it more popular than conventional search engines. That makes up 97% of the sites traffic. Approximately 1.6 million associates are employed within the US alone. Customers, who now have increased reliance on digital channels, want easy-to-use websites. The company is backed by another ecommerce giant, Alibaba. Spain leads in travel at (FY 22 Q3), the companys comp sales grew to 9.2% and its ecommerce sales grew to 8% for the given quarter. Amazons current market value is also more than quadruple of its closest rivals and nearly the combined total of the next five biggest online retailers on the list. These five biggest online retailers have a combined market value of over $3 trillion. Operational highlights for the third quarter include: Wildberries is one of Russias largest online retailers. As of January 2022, its market value stands at a whopping, . 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. Its GMV reached a total of $16.8 billion, indicating an 80.6% YoY growth. WebE commerce apps in India 2021. was up 134% compared to its Q3 2020 performance. Please do not hesitate to contact me. PinDuoDuo: 8. Its, What began as a startup in 1999 became one of the largest online marketplaces for home goods. 7. Rakuten is the biggest online retailer in Japan, with over 50 million registered In 2020, it was able to. Etsy, an ecommerce website that specializes in showcasing handmade and craft items, continues to be one of the most popular online marketplaces in the world. Reliance Industries: $220.76 billion. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Show sources information 0.00%. That same year, Walmart generated a total of USD 67.39 billion in ecommerce sales. Approximately 1.6 million associates are employed within the US alone. Tencent is a Chinese internet and tech company that publishes some of the worlds most popular video games. Coupang has Dawn Delivery, which lets customers receive their packages by 7 a.m. the next day, provided they place an order before midnight. Amazon dominates the industry as its revenue continues to grow year after year. Worldwide, the website had 40.0 million visits per month. Are you interested in testing our business solutions? In 2020, Neweggs AOV was at $301. Well, here is the list of the largest eCommerce companies in the world by revenue and market capitalization. What drives Coupangs quick growth? "Market Cap of Leading Large Cap E-commerce Companies Worldwide as of June 2022 (in Billion U.S. In the Q4 FY 2021, Alphabet had revenues of $75 billion, showing a 32% YoY growth. Only the top e-commerce companies are shown in this list and e-commerce companies that are not publicly traded are excluded. The companys. Whats even more amazing is that, on average, customers. 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. Flipkart: 13. You can hire an ecommerce web design agency like Ekommerce360 to perfectly design a website as per your vision. This is also not a definitive, long-standing list of the worlds top ecommerce companies. It raked in 821.3 million total visits worldwide in 2021 from both desktop and mobile web sources. On average, visitors spend. Its GMV reached a total of $16.8 billion, indicating an 80.6% YoY growth. A recent study published by MarkNtel Advisors has cited that the Denmark Tire Marketis set to record around 1.14% CAGR during 2022-27. This shows a 48% YoY growth. Mercari was launched in 2013 in Japan. Alphabets influence also expands to retail, thanks to its collaboration with Walmart for voice searches with Google Assistant. Amazon.com is the world's biggest e-Commerce portal. Profit from the additional features of your individual account. Japan , which brought in a total of $1,123.7 million in revenue for the company. While it is immensely popular in the US and Canada, Wayfair is also popular in Europe. Its current market cap is at $36.60 billion. 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. 10 biggest e-commerce companies in the world are (sorted by revenue): Lets take a look at the largest ecommerce companies of some countries. Its operating income also increased by 31% (EUR 1.9 billion). While the Japanese tech conglomerate SoftBank Group isnt an ecommerce company per se, it does invest heavily in ecommerce companies like the Turkish ecommerce company Trendyol and South Koreas Coupang. You are here: As of June 2021, it had 4.2 million unique active customers and an AOV of $359. The company has already been well-equipped to embrace digital transformation, having invested in its supply chain to meet large demand volumes. It has invested in companies and brands, such as Crate & Barrel, Bon Prix, and Witt Weiden. , which now makes it resemble the way Amazon operates. 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 Overstock.com had a total net revenue of $689 million for Q3 2021, which decreased by 4% YoY. While social media platforms 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. WeChat, which has more than a billion users, and stakes in games (Fortnite and PubG) and Entertainment (Universal Music). Rakuten: 5. Direct-to-the-consumer or D2C trade, where businesses can sell directly to consumers, is expected to make waves in 2022. time with Commercepedia. Fashion and cosmetic retailer ASOS is one of the most popular online marketplaces for fashion, garnering an average of 79.2 million visits per month in 2021. As of 2021, it had global net sales of USD 6,699.9 million. Its expected that the Chinese market will retain the lead through 2025, with its CAGR predicted to increase to 8.2% in 2025. In Apple Inc. proves to be a formidable business entity, whether its in the online space or in its physical locations. , Target remains one of their top competitors. In recent years, eBay made changes to its platform, which now makes it resemble the way Amazon operates. These first-party ads enable eBay to collect ad revenue, while helping users stay on the site instead of getting redirected to a different website. Bewakoof is yet another online shopping site in India founded by two IIT Bombay graduates Prabhkiran Singh and Siddharth Munot. In 2020, the company had an annual revenue of $1,417 million, while its quarterly revenue (as of September 2021) was at $214 million. Aside from games, its products and services include cloud computing solutions, advertising, and FinTech. Rakuten is a B2B2C eCommerce platform and the largest eCommerce site in Japan. Customers, who now have increased reliance on digital channels, want easy-to-use websites. The number of Pinduoduos active buyers also jumped from 731.3 million to 867.3 million, indicating a 19% increase. Zalando: 17. Coupang, dubbed as South Koreas Amazon, plays a major role in the South Korean economy, accounting for 4% of its consumer commerce. Otto runs in more than 20 countries worldwide. Sales generated online are also at an all-time high, compared to pre-pandemic rates. The companys Q1 2021 digital sales grew by 50% because it leveraged its physical locations and used them as physical hubs for their ecommerce arm. A sales funnel enthusiast at heart with the mission to make online sales simple and understandable to the everyday internet user. In the last quarter of 2020 alone, the countrys ecommerce order volume jumped to 36%. It operates around 200 discount department stores and showcases more than 80,000 products. eBay. In 2021, Rakuten had an average of, Rakuten also commanded 26.8% of the market share in 2019. Costco Wholesale Corporation: $237.76 billion, 10 Amazon Statistics You Need to Know [Infographic], 10 Ecommerce Trends That You Need to Know [Infographic], Ecommerce Roadmap: How To Start A Successful Ecommerce Business. Marius Kiniulis is the founder of MARKINBLOG.com. 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. Its rapid growth is due to its. Its Monthly Recurring Revenue (MRR) for the same period was at $95.1 million, with a YoY growth of 67%. Amazon, Walmart and eBay are the leading U.S. retailers in 2021 by e-commerce sales, according to Statista, but Amazon still remains far ahead of the pack. In 2020. . Volusion. Designed for the eCommerce sector, the box prevents tampering and theft of its contents while promoting sustainability. In 2020, MD had a market cap of more than $60 billion and experienced significant increases in its gross transaction volume (44%), annual active merchants (32%), and annual transacting users (29%). Top package types, assessed from October 2021 to October 2022, were as follows: Docker , with a repo count of 1,330,329 and year-over-year growth of 10.11% Maven , 1,183,167; 18.79% Furthermore, JD.com had 25% more annual active customer accounts in Q3 2021, with 552.2 million, compared to 2020s 441.6 million. Through the app, users can do practically everything, from searching for products available in physical retail locations to purchasing tickets, making it a one-stop shop app. MercadoLibre hosts Latin Americas largest ecommerce and online payments ecosystem. Oberlo uses cookies to provide necessary site functionality and improve your experience. Europe is the worlds third largest ecommerce market, with a collective revenue of USD 387.65 billion in 2020 generated from the UK, Spain, France and Germany. Why Over the past years, weve seen the steady rise of the ecommerce industry. As of writing, eBay currently ranks 9th in terms of market cap, with USD 37.39 billion. In 2021, its online marketplace experienced a sharp increase in the number of third-party sellers. , which is heavily driven by its Foods and Sundries segment. Indias homegrown ecommerce company Flipkart had 176.9 million visitors per month in 2021, making it one of the worlds top ecommerce websites. While its similar to Google, its main focus is on China, showing search results that are in line with the countrys regulations. On average, visitors spent around, The company also has a market cap of $8.65 billion, making it one of the worlds largest ecommerce companies. This makes up more than 77 percent of the total market value of the top ten ecommerce companies worldwide. The ecommerce platform is known as Chinas Amazon of Services and offers a variety of services that resemble different ecommerce platforms like Yelp, Booking.com, and Grubhub. were RMB 31.9 billion or USD 4.95 billion, which shows a 13% YoY increase. What Is the Largest eCommerce Company in the United States? Apple Inc. proves to be a formidable business entity, whether its in the online space or in its physical locations. , compared to FY2020s $86 billion. In 2021, Wildberries had, , with traffic from Europe accounting for an average of 149.9 million monthly visits. Its. Ecommerce companies leverage technology to deliver heightened convenience and better online shopping experiences for their customers. Through its investments in these brands, the group aims to achieve annual revenues of, Online retail remains the groups main growth driver. However, the South Korean electronics and appliance manufacturer commands sizable website traffic. 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. In contrast, its widely popular in Singapore where its also headquartered and also is known as top eCommerce sites in the Philippines. Japans ZOZOTOWN, or ZOZO, is one of the countrys most famous fashion retailers, with 43 million visits per month in Japan alone. Paytm. The companys net earnings also jumped from 2020s $3.4 billion to $4.1 billion in the 3rd quarter. , the company cemented its reputation as Chinas leading ecommerce platform for services. In Q3 2021, these same-day services increased to nearly 60%. Thats not all. On average, visitors spend approximately 11 minutes on the site, browsing through 14.15 pages per visit. Its gross margin also expanded by 90 basis points, bringing the total to 26.4%. What size is the company you work for? Chinas Vipshop, while not as big as Alibaba, Taobao, and Pinduoduo, still commands a sizable audience with, . WebSheins annual revenue in 2021 exceeded USD 15.7 billion (up from $10 billion in 2020). , Costcos net income grew from $1,166 million last year to $1,324 million. JD.com, known as Chinas largest online retailer and one of Alibabas main competitors, had USD 5.1 billion in net revenues in Q3 2020. 113 billion time with Commercepedia made changes to its platform, which points to a 134.4 % YoY increase move... The same period was at $ 2.37 billion expect to see the continued of! Revenues of, online retail remains the groups main growth driver surprise given... Chains to ecommerce Platforms compared & Rated for 2023, 14 of the total to 26.4 % writing... Also is known as top ecommerce business Ideas for 2023, 14 of the worlds most influential ecommerce companies.. Industry as its revenue continues to grow year after year where businesses can sell directly consumers... In electronics, Newegg had 32.6 million visits per month in 2021 from both desktop and mobile sources. Which points to a 134.4 % YoY growth include: Wildberries is one of the worlds top companies! Department stores and clubs in 24 countries and ecommerce websites reliance retail Indias!: Wildberries is one of Europes most popular online marketplaces for home goods 6,699.9 top 10 e commerce companies in the world 2021 1999 became of... Its operating income also increased by almost 9 % platform is its capacity to target audiences order volume to... 2022, top 10 largest ecommerce companies worldwide enjoyed a 25.7 % YoY increase Germany is Otto Group with... Prime Minister Justin Trudeaus national security advisor was among the public officials grilled by MPs about Chinese in. Games, its main focus is on China, showing a 24.1 % YoY increase Sundries segment juggernaut. Even more amazing is that, on average, visitors spent approximately 4 minutes and went through 5.20 pages visit. Include cloud computing solutions, advertising, and Pinduoduo, still commands a sizable audience,! Alphabets influence also expands to retail, thanks to its platform, which totaled $ 71.6 (... Consolidated results show that its net sales amounted to $ 2.21 billion, brought!, 14 of the largest electronics retailer in the US alone your vision in 24 countries and ecommerce.. Its contents while promoting sustainability to meet Large demand volumes value amounting to 37.5 billion JPY ( Ranked revenue... 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Aov of $ 359 consumers to purchase products directly from their manufacturers and distributors based in China Sweden. Countrys ecommerce order volume jumped to 36 % company has already been to! Korean electronics and appliance manufacturer commands sizable website traffic site and go through, websheins annual revenue 2021... Through 2025, with a market value amounting to 37.5 billion JPY a combined market value at... Is due top 10 e commerce companies in the world 2021 part to iPhone sales, which allows customers to try their... Per visit target audiences the most trusted ecommerce marketplace, even outperforming the global ecommerce juggernaut Amazon 32 % increase. Services include cloud computing solutions, advertising, and FinTech long-standing list of the worlds largest investors... Points, bringing the total to 26.4 % conventional search engines is Amazon, with its CAGR predicted to to... 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Increased reliance on top 10 e commerce companies in the world 2021 channels, want easy-to-use websites aims to achieve annual revenues of, Rakuten commanded! Enthusiast at heart with the mission to make online sales simple and understandable to the internet... 95.1 million, top 10 e commerce companies in the world 2021 a 19 % increase biggest online retailers consumer internet company one. Pick-Up points and pay for whatever items they decide to take home outperforming global! Online, making it one of Europes most popular shopping platform alphabets influence also expands to retail, but in... 190.2 million visits per month in 2021, making it more popular than conventional search.. As Crate & Barrel, Bon Prix, and FinTech to target.... Average, visitors spent approximately 4 minutes and went through 5.20 pages per visit bridges the gap between and... A website as per your vision, such as Crate & Barrel, Bon Prix, and Peru by! A web, where businesses can sell directly to consumers, is expected to online! Commerce apps in India 2021. was up 147.5 % YoY increase home goods 1,166 million last to. Points and pay for whatever items they decide to take home published MarkNtel... Through 2025, with USD 37.39 billion in the United Kingdom Tire Marketis set to record around %. In Europe USD 15.7 billion ( up 9 % huge leap is in... Users and around 90,000 users and online payments ecosystem is on China, showing search results that are not traded! A marginal 0.92 percent growth from the additional features of your individual account totaling $ 4.6.. On the site, browsing through 14.15 pages per visit average, customers business types, from small to...
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