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Press Release: UK B2C E-Commerce Sales Forecasts: 2017 to 2021

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According to a new study from yStats.com, a leading secondary market research firm based in Hamburg, Germany, the growth rate of B2C E-Commerce sales in the UK in the next five years is projected to slow. The report, titled “UK B2C E-Commerce Sales: 2017 to 2021” cites several original sources that predict a compound annual growth rate of below 10% through 2021. The main reason for moderation of growth is the UK market reaching an advanced stage of online retail development, with E-Commerce penetration high above Europe’s and global averages.
Read more here: https://www.ystats.com/uk-e-commerce-growth-rates-to-decline-to-below-10/
Find the report here: https://www.ystats.com/market-reports/uk-b2c-e-commerce-sales-forecasts-2017-to-2021/

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Press Release: UK B2C E-Commerce Sales Forecasts: 2017 to 2021

  1. 1. 1 PRESS RELEASE Hamburg, November 15th, 2017 Compound annual growth rate of maturing UK online retail projected to be less than 10% says yStats.com report Germany-based secondary market research firm yStats.com’s latest report, “UK B2C E-Commerce Sales Forecasts: 2017 to 2021” cites several sources projecting that the compound annual growth rate of online retail sales in the UK will be less than 10% through the next five years. Yücel Yelken, yStats.com CEO and founder observes that “The UK already has achieved one of the highest E-Commerce penetration rates in the world, so the growth rates are likely to decline.” Online retail sales growth in double digits for 2017 compared to 2016 is expected, but authoritative sources cited in the yStats.com report foresee growth at a rate below 10% through 2021 in the United Kingdom after the current year. Over 75% of the adult population already shops online and the share of B2C E-Commerce of total retail sales, already one of the highest in the world, is expected to be near 20% by 2021. Each of the country’s top 10 online retailers, led by Amazon and Tesco, already report online sales above a billion GBP per year. While growth in the advanced UK market will slow, online retail sales expansion will continue, led by increases in shopping through mobile devices and the click and collect mode. Retailers continue to make investments in technology to improve the online purchasing experience. Projections in the yStats.com report show the UK further increasing its lead in B2C E-Commerce in Western Europe, accounting for around one third of total online retail sales in the region by 2021, even though it will lose a small share of global online sales due to the rapid growth in emerging markets. For further information, see: https://www.ystats.com/wp-content/uploads/2017/11/2017.11.15__Product-Brochure-Order-Form_UK-B2C-E-Commerce-Sales- Forecasts-2017-to-2021.pdf Press Contact: yStats.com GmbH & Co. KG Behringstrasse 28a, D-22765 Hamburg Phone: +49 (0)40 - 39 90 68 50 Fax: +49 (0)40 - 39 90 68 51 E-Mail: press@ystats.com Internet: www.ystats.com Twitter: www.twitter.com/ystats LinkedIn: www.linkedin.com/company/ystats Facebook: www.facebook.com/ystats About yStats.com Founded in 2005 and headquartered in Hamburg, Germany, yStats.com is one of the world's leading secondary market research companies. We are committed to providing the most up-to-date and objective data on Global B2C E-Commerce and Online Payment markets to sector-leading companies worldwide. Our multilingual staff researches, gathers, filters and translates information from thousands of reputable sources to synthesize accurate and timely reports in our areas of expertise, covering more than 100 countries and all global regions. Our market reports focus predominantly on online retail and payments, but also cover a broad range of related topics including M-Commerce, Cross-Border E-Commerce, E-Commerce Delivery, Online Gaming and many others. In addition to our wide selection of market reports, we also provide custom market research services. We are proud to cooperate with companies like Bloomberg and Thomson Reuters. Given our numerous citations in leading media sources and journals worldwide, including Forbes and the Wall Street Journal, we are considered one of the most highly-reputed international secondary market research companies with an expertise in the areas of B2C E-Commerce and Online Payment.