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E-Commerce in Europe - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

ISIC 4791 April 2024 Spotlight Report

Revenue

€324.9bn

2019-2024 2.9 %
2024-2029 X.X %

Employees

929k

2019-2024 4.7 %
2024-2029 X.X %

Businesses

461k

2019-2024 5.6 %
2024-2029 X.X %

Wages

€XX.Xbn

2019-2024 X.X %
2024-2029 X.X %

E-Commerce in Europe industry analysis

E-commerce companies sell various goods and associated services through online portals, either on websites, mobile applications or integrated into social media platforms. Internet access across Europe is rapidly accelerating, with the vast majority of countries boasting usage rates of over 80% of the population. The spread of fast broadband and mobile data has enabled rising numbers of Europeans to engage in e-shopping. Over the five years through 2024, e-commerce revenue in Europe is forecast to climb at a compound annual rate of 2.9% to reach €324.9 billion.

European coverage with a localised twist

  • Market estimates from 2014-2029
  • Detailed reports analysing industry performance, market dynamics and company data, compared across countries
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Industry Statistics and Trends

E-Commerce in Europe key trends

Inflation drives e-commerce revenue growth.

 

Sky-high inflation is more than offsetting dropping sales volumes to drive revenue growth in the European E-commerce industry.

Omnichannel retail will be a key growth driver.

 

Brick-and-mortar stores are entering the e-commerce industry to offer their customers an omnichannel retail experience.

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E-Commerce in Europe

Industry Revenue

Total value and annual change from 2011-2029. Includes 5-year outlook.

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E-Commerce in Europe market size (2019-2024)

Industry revenue has grown at a CAGR of 2.9 % over the past five years, to reach an estimated €324.9bn in 2024.

Trends and Insights

E-shopping levels vary substantially between European regions

  • Western European countries (think UK, Ireland, France, Netherlands, Belgium, Germany and Luxembourg) account for over 67% of e-commerce turnover in Europe, according to EuroCommerce and Ecommerce Europe. The UK are the biggest online shoppers, with 95% of the population purchasing something online in 2022.

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E-Commerce in Europe outlook (2024-2029)

Market size is projected to grow over the next five years.

The EU’s Packaging and Packaging Waste Regulation (PPWR) will significantly alter the landscape

  • The EU is likely to implement its new PPWR (or a close variation) before June 2024. The regulation will encompass several measures, including making all packaging recyclable by 2030, requiring rising levels of recycled content in plastic packaging and targeting a 15% reduction per capita in packaging waste by 2040, compared to a 2018 baseline.

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Revenue

€324.9bn

2019-2024 2.9 %
2024-2029 X.X %

Employees

929k

2019-2024 4.7 %
2024-2029 X.X %

Wages

€XX.Xbn

2019-2024 X.X %
2024-2029 X.X %

European Leaders & Laggards

Europe Job Growth CAGR: 4.7 % *
  • Job Growth

Top 5 Countries

  1. Bosnia & Herzegovina +19.3%
  2. Cyprus +16.0%
  3. Iceland +13.4%
  4. Finland +10.9%
  5. Romania +10.3%

Bottom 5 Countries

  1. Bulgaria -5.4%
  2. Slovakia -4.8%
  3. Belgium -4.2%
  4. Czechia -1.7%
  5. United Kingdom -0.3%

* CAGR values are for the years 2019-2024.

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Biggest companies in the E-Commerce in Europe

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
Amazon.com Inc
623,835.7
14,972.1
2.4
Otto GmbH & Co KG
19,662.4
98.3
0.5
Zalando SE
12,417.7
62.1
0.5

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E-Commerce in Europe

Products & Services Segmentation

Industry revenue broken down by key product and services lines.

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Top Questions Answered in this Report

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What is the market size of the E-Commerce industry in Europe in 2024?

The market size of the E-Commerce industry in Europe is €324.9bn in 2024.

How many businesses are there in the E-Commerce in Europe industry in 2024?

There are 461k businesses in the E-Commerce industry in Europe, which has grown at a CAGR of 5.6 % between 2019 and 2024.

Has the E-Commerce industry in Europe grown or declined over the past 5 years?

The market size of the E-Commerce industry in Europe has been growing at a CAGR of 2.9 % between 2019 and 2024.

What is the forecast growth of the E-Commerce industry in Europe over the next 5 years?

Over the next five years, the E-Commerce industry in Europe is expected to grow.

What does the E-Commerce in Europe include?

Groceries and Furniture, home décor and household appliances are part of the E-Commerce industry.

Which countries have the most businesses in the E-Commerce industry in Europe?

The European country with the most businesses in the E-Commerce industry is Netherlands.

How competitive is the E-Commerce industry in Europe?

The level of competition is moderate and increasing in the E-Commerce industry in Europe.

Related Industries

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Table of Contents

About this industry

Industry definition

Companies in this industry retail a wide variety of products via the internet, mail order, TV and phone. Online auction sites are included, but the sale of motor vehicles and associated parts is not covered.

Related Terms

OMNICHANNEL RETAILBIG DATAE-TAILER

What's included in this industry?

Groceries Furniture, home décor and household appliances Clothing, accessories, footwear and lifestyle products Electronic devices and other media Toys, hobby-related products and DIY Other

Companies

Amazon.com IncOtto GmbH & Co KGZalando SE

Industry Code

ISIC 2006

4791 - Retail sale via mail order houses or via Internet in Europe

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Performance

Key Takeaways

E-shopping levels vary substantially between European regions

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Revenue Highlights

Trends
  • Revenue
  • Current Year Revenue Growth
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue in the E-Commerce in Europe industry (2011 -2029)
  • Employees in the E-Commerce in Europe industry (2011 -2029)
  • Business in the E-Commerce in Europe industry (2011 -2029)
  • Profit in the E-Commerce in Europe industry (2011 -2029)
Analysis

What's driving current industry performance in the E-Commerce in Europe industry?


Outlook

Analysis

What's driving the E-Commerce in Europe industry outlook?


Volatility

Analysis

What influences volatility in the E-Commerce in Europe industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the E-Commerce in Europe industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Sustainable and smart products are sought after. E-tailers are tapping into the rapidly growing market for sustainably made and smart products.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the E-Commerce in Europe industry's products and services performing?

Analysis

What are innovations in the E-Commerce in Europe industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the E-Commerce in Europe industry?


International Trade

Highlights

  • Largest Importer
  • Smallest Importer
  • Total Imports into Europe
  • Largest Exporter
  • Smallest Exporter
  • Total Exports into Europe
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Revenue by Region (2024)
  • Share of Total Industry Enterprises by Region (2024)
  • Share of Total Industry Employment by Region (2024)
  • Share of Total Industry Wages by Region (2024)

Industry Geographic Breakdown

Data Tables

Values and annual change provided for 37 European countries:

  • Revenue (2024)
  • IVA (2024)
  • Enterprises (2024)
  • Employment (2024)
  • Exports (2024)
  • Imports (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

A handful of players dominate the scene. International giant, Amazon, leads the way but there are several players that dominate regional markets, like Zalando and Otto.

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Supply Chain

Charts

Buyer and supply industries

Companies

Market Share

Charts
  • Industry Market Share by Company (2019-2024)

Companies

Data Tables

Top 10 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit Margin (2024)

Data Tables
  • Countries of operation for Amazon.com Inc
  • Countries of operation for Otto GmbH & Co KG
  • Countries of operation for Zalando SE
  • Countries of operation for Koninklijke Ahold Delhaize NV
  • Countries of operation for Cdiscount SA
  • Countries of operation for ASOS plc
  • Countries of operation for eBay Inc
  • Countries of operation for Allegro.eu SA Group
  • Countries of operation for Boohoo Group plc
  • Countries of operation for Etsy Inc

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Waste and data regulations are increasingly stringent. In the EU and other countries like the UK, governments are (or are planning on) implementing stricter regulations relating to single-use plastics and how data is used.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the E-Commerce in Europe industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Profitability is boosted by low overhead costs. Online stores benefit from savings related to not having a bricks-and-mortar, allowing them to allocate a larger portion of revenue generated for profit.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the E-Commerce in Europe industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.