Insights of B2C E-commerce Market in the year 2022 in UAE

The market in the United Arab Emirates is anticipated to increase by 25.52% on an annual basis to reach US$28.2 billion in 2022, according to the Q2 2022 B2C Ecommerce Survey. The United Arab Emirates’ B2C e-commerce sector is expected to experience significant medium- to long-term growth. Over the projected period, B2C e-commerce is anticipated to expand gradually, with a CAGR of 16.16% between 2022 and 2026.

By 2026, the country’s B2C Ecommerce Gross Merchandise Value, which was $22.5 billion in 2021, will be $51.4 billion. With various stores stepping up their online services in advance of the global pandemic outbreak in 2021, the United Arab Emirates is swiftly catching up to global powerhouses like the United States and China in terms of e-commerce.

The expansion of the e-commerce sector in the UAE is mostly driven by rising internet penetration rates.

This has supported market expansion over the past two years, along with rising incomes, a high smartphone device ownership rate, an increase in the participation of multinational businesses, and improved supply chain solutions. Although the nation has historically been a cash-based society, the global pandemic outbreak has compelled people to quickly adopt digital payment methods. The growth of cross-border e-commerce in the nation has been aided by the rising trust in electronic payments. It is noteworthy that consumers like cross-border e-commerce suppliers since they offer a large variety of goods at reduced rates.

The US, China, and India are some of the top nations from which UAE consumers source their goods. Over the next three to four years, it is anticipated that the expanding pattern of cross-border e-commerce will promote the expansion of the nation’s overall B2C e-commerce sector. Given the current rate of industry development, the United Arab Emirates has emerged as a key region for luring domestic and foreign investments with great deals via Lookfantastic Coupons in the e-commerce market.

Consumer spending on e-commerce platforms is anticipated to increase dramatically over the next three to four years as a result of growing customer efficiency and trust. In general, the publisher maintains a positive short- to medium-term growth expectation for the B2C e-commerce sector in the United Arab Emirates.

Startups in the e-commerce sector are raising capital to accelerate their expansion in the area.

Customers in the UAE are growing interested in luxury and high-end goods after enjoying discounts through CouponSavings.ae. They thus frequently use international e-commerce platforms to locate their goods. Startups are raising investment rounds to advance their growth and vie for market share in the United Arab Emirates, where buying luxury goods online is a growing trend.

In the United Arab Emirates, food delivery firms are forming strategic alliances to increase the value of their transactions.

Online food services are forming strategic alliances to increase their transaction value across the nation amid the expanding trend of online food orders.

To further bolster their footprint, the nation’s food delivery firms and online grocers are launching fundraising rounds.

Online grocers and mobile food businesses located in the UAE are generating funding rounds to increase their footprint in the Middle East due to the expanding consumer and market demands for food ordering.This research offers a thorough, data-driven analysis of B2C ecommerce industry dynamics in the United Arab Emirates, encompassing more than 100 KPIs.

The report describes market opportunities in several important B2C industries, including retail shopping, travel and hospitality, online food delivery, media and entertainment, healthcare and wellness, and technology products and services. Along with sales channels, it provides market share by major companies in key industries.

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