Industry Analysis & Industry Trends
Retailers in the E-Commerce and Online Auctions industry sell a wide variety of goods through online portals only. Over the past decade the industry has undergone considerable change. Formerly a declining industry that focused on mail orders and direct sales via television, radio and telephone, the industry has been reinvigorated by the growth of internet services. Over the past five years, increased IT adoption and computer literacy have led to an increasing number of consumers purchasing goods online. Technological advances have led to rapid increases in internet speeds, which has supported revenue growth. Additionally, the proliferation of internet-enabled devices means consumers can easily shop for goods at their own leisure... purchase to read more
Industry Report - Industry Key Buyers Chapter
The industry has a low level of market share concentration, with the top four players estimated to account for 39.2% of industry revenue. Over the past five years the market share concentration has increased significantly. There are two major players that dominate the industry, with other enterprises accounting for less than 3.5% of industry revenue each. Amazon has expanded its share of the market due to the vast array of products on offer. However, with enterprise numbers rising at an estimated compound annual rate of 8% over the five years through 2016-17, high competition is expected to limit market share growth.
According to the Office for National Statistics, 87.8% of enterprises employed fewer than five people in 2016 and 94.8% employed fewer than 10. Thi.. purchase to read more