Cross border E commerce Market Report 2024 (Global Edition)

Global Cross border E commerce Market Report 2024 Market Size Split by Type (Clothing, Electronic items, Books, Entertainment media, Others), by Application (Teenagers/Millennials, Adults, Senior Citi...

Cross border E commerce Market Report Description

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Competitive Landscape of the Cross border E-commerce market

The competitive landscape of the cross-border e-commerce market is dynamic and highly competitive, characterized by a large number of players competing for market share. Key players in the market include global e-commerce giants such as Amazon, Alibaba, eBay, and Walmart, as well as regional players and niche e-commerce platforms.

Cross border E-commerce Industry News 

In October 2022, Indian beauty retailer Nykaa and beauty entrepreneur Charlotte Tilbury entered a partnership aimed at launching the latter’s world-renowned beauty brand called Charlotte Tilbury Beauty for the Indian market. In the same year, two-thirds of the beauty brand’s global revenue was from online sales.

(Source:https://www.nykaa.com/beauty-blog/charlotte-tilbury-bridal-looks/)

In September 2021, Urbanic, a London-based e-commerce brand, recorded strong sales value upon its launch in the Indian market through the e-commerce portal called Myntra. On its first day of launch, Urbanic was the second-highest sales-generating brand on the portal.

(Source:https://www.livemint.com/news/urbanic-reports-record-sales-on-myntra-on-debut-11630839196100.html)

Top Companies Market Share in Cross border E commerce Industry: (In no particular order of Rank)

• Dhgate  
• LALAMI
• Amazon
• Lightinthebox
• AliExpress
• Confidential Data
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of Cross border E-commerce market 

Which Region Dominates the Cross border E-commerce Market in 2024? 

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue.North America dominates the Cross-border E-commerce market due to several key factors that position the region as a leader in the industry. The United States and Canada, in particular, have large and mature e-commerce markets with high internet penetration rates and a strong consumer base. Moreover, North America benefits from a well-developed logistics infrastructure and established cross-border trade agreements, facilitating efficient and cost-effective international shipping. Additionally, the region's advanced technology and digital payment systems contribute to a seamless cross-border shopping experience for consumers.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific emerges as the fastest-growing region in the Cross-border E-commerce market due to several dynamic factors propelling its rapid expansion. The region encompasses countries experiencing a surge in internet penetration and smartphone adoption, such as China, India, and Southeast Asian nations, leading to a significant increase in online shoppers. Moreover, Asia Pacific benefits from a growing middle class with increasing disposable incomes, driving demand for international products. Additionally, the region's vast and diverse consumer base presents a lucrative opportunity for international retailers and marketplaces to expand their reach.

The current report Scope analyzes Cross border E commerce Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

Europe Cross border E commerce Market

According to Cognitive Market Research, the global Cross border E commerce market size was estimated at USD 791542.2 Million out of which Europe market of more than 30% of the global revenue with a market size of USD 237462.66 million in 2024 and will grow at a compound annual growth rate (CAGR) of 29.0% from 2024 to 2031. Europe is a prominent region in the cross-border e-commerce market, characterized by its diverse consumer base and strong digital infrastructure. Factors such as high internet penetration, favorable cross-border trade policies, and a wide range of products available online contribute to the growth of cross-border e-commerce in the region. The cross-border e-commerce market in Europe is segmented based on product category, payment method, and end-user. Product categories such as fashion, electronics, and beauty products are popular among cross-border shoppers in Europe. In conclusion, Europe is a significant region in the cross-border e-commerce market, characterized by its mature e-commerce landscape and consumer behavior.

 

• The United Kingdom Cross border E commerce market had a market share of USD 39893.73 million in 2024 and is projected to grow at a CAGR of 29.8% during the forecast period. In the UK, Cross border E commerce sales witness an upswing due to the nation's high internet penetration, favorable cross-border trade policies.
• The France Cross border E commerce market is projected to witness growth at a CAGR of 28.2% during the forecast period with a market size of USD 21846.56 million in 2024.
• According to Cognitive Market Research, the Germany Cross border E commerce market size was valued at USD 47017.61 million in 2024 and is projected to grow at a CAGR of 29.2% during the forecast period. In Germany, Cross border E commerce sales surge due to the wide range of products available online contribute to the growth of cross-border e-commerce in the region. 
• The Italy Cross border E commerce market is projected to witness growth at a CAGR of 28.4% during the forecast period with a market size of USD 20421.79 million in 2024.
• The Russia Cross border E commerce market is projected to witness growth at a CAGR of 28.0% during the forecast period with a market size of USD 36806.71 million in 2024.
• The Spain Cross border E commerce market is projected to witness growth at a CAGR of 28.1% during the forecast period with a market size of USD 19471.94 million in 2024.
• The Luxembourg Cross border E commerce market is projected to witness growth at a CAGR of 29.1% during the forecast period with a market size of USD 7361.34 million in 2024.
• The Portugal Cross border E commerce market is projected to witness growth at a CAGR of 28.8% during the forecast period with a market size of USD 4986.72 million in 2024.
• The Greece Cross border E commerce market is projected to witness growth at a CAGR of 29.3% during the forecast period with a market size of USD 2849.55 million in 2024.
• Rest of Europe Cross border E commerce market is projected to witness growth at a CAGR of 27.7% during the forecast period with a market size of USD 36806.71 million in 2024.

Asia Pacific Cross border E commerce Market

According to Cognitive Market Research, the global Cross border E commerce market size was estimated at USD 791542.2 Million out of which Asia Pacific is the fastest growing market of more than 23% of the global revenue with a market size of USD 182054.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 32.5% from 2024 to 2031. Asia Pacific is the fastest-growing region in the cross-border e-commerce market, driven by factors such as increasing internet and smartphone penetration, rising disposable incomes, and the growing popularity of online shopping. The region's large population and diverse consumer preferences make it an attractive market for cross-border e-commerce. The cross-border e-commerce market in Asia Pacific is segmented based on product category, payment method, and end-user. Product categories such as electronics, fashion, and beauty products are popular among cross-border shoppers in the region. In conclusion, Asia Pacific presents lucrative opportunities in the cross-border e-commerce market, driven by its rapidly growing internet economy and consumer base.

 

• According to Cognitive Market Research, the China Cross border E commerce market size was valued at USD 81924.62 million in 2024 and is projected to grow at a CAGR of 32.0% during the forecast period. Cross border E-commerce sales surge in China due to the presence of major e-commerce platforms and the development of efficient logistics infrastructure.
• The Japan Cross border E commerce market is projected to witness growth at a CAGR of 31.0% during the forecast period with a market size of USD 25123.55 million in 2024.
• The India Cross border E commerce market had a market share of USD 21846.56 million in 2024 and is projected to grow at a CAGR of 34.3% during the forecast period. The demand is augmented by India's rapidly growing internet economy and consumer base.
• The South Korea Cross border E commerce market is projected to witness growth at a CAGR of 31.6% during the forecast period with a market size of USD 18205.47 million in 2024.
• The Australia Cross border E commerce market is projected to witness growth at a CAGR of 32.2% during the forecast period with a market size of USD 9466.84 million in 2024.
• The South East Asia Cross border E commerce market is projected to witness growth at a CAGR of 33.5% during the forecast period with a market size of USD 12561.77 million in 2024.
• The Rest of Asia Pacific Cross border E commerce market is projected to witness growth at a CAGR of 32.3% during the forecast period with a market size of USD 12925.88 million in 2024.

North America Cross border E commerce Market

According to Cognitive Market Research, the global Cross border E commerce market size was estimated at USD 791542.2 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 316616.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 28.7% from 2024 to 2031. North America is a significant region in the cross-border e-commerce market, driven by the high internet penetration rate and consumer trust in online shopping. The cross-border e-commerce market in North America is segmented based on product type, payment method, and end-user. Product categories such as electronics, apparel, and beauty products are popular among cross-border shoppers. In conclusion, North America is a key region in the cross-border e-commerce market, characterized by its strong internet infrastructure and consumer behavior.

Country Analysis

• According to Cognitive Market Research, the US had a major share in the Cross border E commerce market with a market size of USD 249810.72million in 2024 and is projected to grow at a CAGR of 28.5%during the forecast period. The demand is amplified by the nation's ease of shopping, wide product variety, and secure payment option propel consistent growth. 
• The Canada Cross border E-commerce market had a market share of USD 37994.03million in 2024 and is projected to grow at a CAGR of 29.5% during the forecast period. Canada's strong internet infrastructure and consumer behavior to increased usage of Cross border E commerce.
• The Mexico Cross border E commerce market is projected to witness growth at a CAGR of 29.2%during the forecast period with a market size of USD 28812.14million in 2024.

South America Cross border E commerce Market

According to Cognitive Market Research, the global Cross border E commerce market size was estimated at USD 791542.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 39577.11 million in 2024 and will grow at a compound annual growth rate (CAGR) of 29.9% from 2024 to 2031. Latin America is an emerging region in the cross-border e-commerce market, characterized by its growing internet penetration and increasing consumer confidence in online shopping. Factors such as the rising middle class, urbanization, and the adoption of smartphones have contributed to the growth of cross-border e-commerce in the region. Additionally, the presence of major e-commerce players and the development of efficient logistics networks further drive the market growth in Latin America. The cross-border e-commerce market in Latin America is segmented based on product category, payment method, and end-user. Product categories such as electronics, apparel, and beauty products are popular among cross-border shoppers in the region. In conclusion, Latin America offers significant opportunities in the cross-border e-commerce market, driven by its evolving digital landscape and consumer behavior.

• According to Cognitive Market Research, the Brazil Cross border E commerce market size was valued at USD 312.89 million in 2024 and is projected to grow at a CAGR of 30.5% during the forecast period. Cross border E-commerce sales flourish in Brazil due to the presence of major e-commerce players and the development of efficient logistics networks.
• The Argentina Cross border E commerce market had a market share of USD 6648.95 million in 2024 and is projected to grow at a CAGR of 30.8% during the forecast period. The demand is augmented byrising middle class, urbanization, and the adoption of smartphones.
• The Colombia Cross border E commerce market is projected to witness growth at a CAGR of 29.7% during the forecast period with a market size of USD 3522.36 million in 2024.
• The Peru Cross border E commerce market is projected to witness growth at a CAGR of 30.1% during the forecast period with a market size of USD 3245.32 million in 2024.
• The Chile Cross border E commerce market is projected to witness growth at a CAGR of 30.2% during the forecast period with a market size of USD 2849.55 million in 2024.
• The Rest of Latin America Cross border E commerce market is projected to witness growth at a CAGR of 29.0% during the forecast period with a market size of USD 6371.91 million in 2024.

Middle East and Africa Cross border E commerce Market

According to Cognitive Market Research, the global Cross border E commerce market size was estimated at USD 791542.2 Million out of which Middle East and Africa market of more than 2.00% of the global revenue with a market size of USD 15830.84 million in 2024 and will grow at a compound annual growth rate (CAGR) of 30.2% from 2024 to 2031. The Middle East and Africa (MEA) region is experiencing a rapid growth in the cross-border e-commerce market, fueled by factors such as increasing internet and smartphone penetration, rising consumer confidence in online shopping, and the growing presence of global e-commerce players. The cross-border e-commerce market in the MEA region is segmented based on product category, payment method, and end-user. Product categories such as electronics, fashion, and health and beauty products are popular among cross-border shoppers in the region. In conclusion, the Middle East and Africa region present significant opportunities in the cross-border e-commerce market, driven by its favorable demographics and increasing digital adoption.

• According to Cognitive Market Research, the GCC Countries Cross border E commerce market size was valued at USD 6775.60 million in 2024 and is projected to grow at a CAGR of 31.0% during the forecast period. Cross border E-commerce sales flourish in the GCC Countries due to therising consumer confidence in online shopping.
• The Egypt Cross border E commerce market is projected to witness growth at a CAGR of 30.5% during the forecast period with a market size of USD1662.24 million in 2024.
• The South Africa Cross border E commerce market is projected to witness growth at a CAGR of 31.2% during the forecast period with a market size of USD 2501.27 million in 2024.Cross border E commerce sales flourish in the South Africa due to the growing presence of global e-commerce players.
• The Turkey Cross border E commerce market is projected to witness growth at a CAGR of 29.7% during the forecast period with a market size of USD 1361.45 million in 2024.
• The Nigeria Cross border E commerce market is projected to witness growth at a CAGR of 29.3% during the forecast period with a market size of USD 1662.24 million in 2024.
• The Rest of MEA Cross border E commerce market is projected to witness growth at a CAGR of 29.2% during the forecast period with a market size of USD 1868.04 million in 2024.

Cross border E commerce Market Analysis

Cross border E-commerce Market Segment Analysis 

According to Cognitive Market Research, The dominant category in the cross-border e-commerce market is electronic items. Electronic items such as smartphones, laptops, and consumer electronics have witnessed significant demand due to their widespread appeal and technological advancements. Consumers across the globe are increasingly purchasing electronic items from international retailers, driven by factors such as product variety, competitive pricing, and the availability of exclusive deals and discounts.

The fastest-growing category in the cross-border e-commerce market is clothing. The clothing sector has experienced rapid growth in recent years, driven by changing fashion trends, increasing disposable incomes, and the growing popularity of online shopping. Consumers are increasingly opting to purchase clothing from international brands and retailers, seeking unique styles and high-quality products.

• Clothing
• Electronic items
• Books
• Entertainment media
• Others

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Cross border E commerce Industry. Request a Free Sample PDF!

Key Drivers of Cross border E-commerce market

According to Cognitive Market Research, The dominant category in the cross-border e-commerce market is adults. Adults constitute a significant portion of online shoppers engaging in cross-border e-commerce due to various factors such as higher purchasing power, increased internet penetration, and a growing preference for online shopping. Adults often purchase a wide range of products online, including electronics, clothing, and household goods, driving the overall growth of the cross-border e-commerce market.

The fastest-growing category in the cross-border e-commerce market is teenagers/millennials. Teenagers and millennials are increasingly becoming key players in the cross-border e-commerce market due to their strong familiarity with technology and online shopping platforms. This demographic segment is highly influenced by social media and digital marketing, often seeking unique and trendy products from international brands.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Cross border E commerce Payment Method Segment Analysis

According to Cognitive Market Research, The dominant payment method in the cross-border e-commerce market is credit/debit cards. Credit/debit cards are widely accepted by most online retailers and are convenient for consumers, allowing for quick and secure transactions. The familiarity and trust associated with credit/debit cards make them the preferred choice for many online shoppers, driving their dominance in the cross-border e-commerce market.

The fastest-growing payment method in the cross-border e-commerce market is digital wallets. Digital wallets have seen significant growth due to their convenience and security features. Digital wallets allow users to store their payment information securely and make transactions with just a few clicks. The ease of use and growing acceptance of digital wallets by online retailers have contributed to their rapid adoption among consumers.

• Credit/Debit Cards
• Digital Wallets
• Internet Banking
• Others

Author's Detail

Swasti Dharmadhikari

Research associate at Cognitive Market Research

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Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.

Author's Conclusion