The US e-commerce market is projected to exhibit a considerable CAGR of 17.6% during the forecast period (2019-2025). This is owing to the advancement in logistics technologies attributed to the introduction of automation, robotics, wearable technology, drone technology, self-driving vehicles, cloud computing, internet of things (IoT) in logistics technology. These technologies have the potential to provide vast efficiency and flexibility options for the logistics industry. To provide innovative e-commerce logistics solutions, the major players are performing partnerships and collaboration with other major players within the region. For instance, in 2016, United Parcel Service of America, Inc. partnered with Zipline, a medical drone delivery startup to develop drones to deliver medical supplies such as blood and vaccines in minimum time. In 2017, United Parcel Service of America, Inc. introduced a UPS package car that autonomously delivers a package to the customer. Such innovations are driving the growth of the e-commerce market in the US.
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In light of the COVID-19 pandemic, Amazon.com, Inc., one of the leading e-commerce companies in the US, has decided to spend approximately $4 billion in response to the coronavirus pandemic, including plans to test its workforce for COVID-19. City lockdown and store shutdowns have hit the company’s revenue generation. Along with this, the company launched a $20 million AWS Diagnostic Initiative to accelerate COVID-19 research. In Europe, almost $23 million were donated to support those most affected by the COVID-19 pandemic. On 16 July 2020, the company donated $10 million in critically-needed personal protective equipment. All these expenses may lead to a risk of loss in the upcoming quarter. Despite some loss, the unit sales through the online shopping surged by 32% in the first quarter, which is a major pace since the fourth quarter of 2012.
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Key questions addressed by the report
• What is the market growth rate during the forecast period?
• Which segment/region dominates the market in the base year?
• Which segment/region will project the fastest growth in the market during the forecast period?
• How COVID-19 will impact the market growth in 2020 and coming years?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
US E-Commerce Market – Segmentation
By Product Type
• Electronics
• Apparel
• Healthcare
• Pharmaceuticals, and Nutritional Products
• Beauty and Personal Care
• Others
Company Profiles
• Amazon.com, Inc.
• ASOS PLC
• Datex Corp.
• Deutsche Post DHL
• eBay Inc.
• Express Logistics
• FedEx Corp.
• Omni Logistics LLC
• Radial Inc.
• Steel Connect, Inc.
• Walmart Inc.
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