Online Retail Market in the US Expected to Grow at a CAGR of 15.85% during the period 2017-2021

(IT-NEWSWIRE.COM, May 13, 2017 ) Online retailers offer durable and non-durable consumer goods, foods (including both perishable and non-perishable) and beverages, fast moving consumer goods (FMCG), home and household care products, music and entertainment products, and furniture products. Online retailers are also known as e-retailers. Fast-moving consumer goods, consumer electronics, apparel, and beauty products have considerable growth potential in the country, which has both national and international retailers. The demand for these products is expected to increase with the growing disposable income of consumers and the rising population of millennials, an attractive target group for these products.

Technavios analysts forecast the online retail market in the US to grow at a CAGR of 15.85% during the period 2017-2021.

Research analysis identifies the high penetration of Internet and smartphones, and rise in online spending as one of the primary growth factors for this market. The rise in smartphone use has contributed to the online retail growth. Also, the ease and time-saving aspects of online shopping and the wide range of products available on online retail platforms are additional factors that work in favor of the online retail. Additionally, e-retailers are providing more security features for online payments, free delivery, improved online customer service, and customer-friendly, easy-to-navigate shopping websites.

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One of the latest trends that will gain traction in the online retail market in the US in the coming years is the growth of m-commerce. The increase in popularity of shopping through mobile devices, retail sales through these devices are likely to grow during the forecast period. Most of the online retailers have launched mobile versions of their shopping portals to take advantage of the rise in shopping through mobile devices.

Key vendors
Amazon
Apple
Sears
Staples
Walmart
Kroger
Target

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Other prominent vendors
Academy Sports + Outdoors
Amway Global
ATG Stores.com
Backcountry.com
Best Buy
Blue Nile
Cabela's
Costco Wholesale
CustomInk
Daniel Smith
Dell
Eastern Mountain Sports
e-Bay
Factory Green
Groupon
Ideel
JCPenney
Macys
Wayfair
Safeway

Market driver
High penetration of Internet and smartphones, and rise in online spending.
For a full, detailed list, view our report

Market challenge
Poor technology integration especially with specialty online retailers operating at small scales.
For a full, detailed list, view our report

Market trend
Unmanned aerial vehicles as a mode of delivery.
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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Online Retail Market in the US Expected to Grow at a CAGR of 15.85% during the period 2017-2021