In the coming years, continued economic recovery will contribute to the strong growth projected for the Online Retail Industries
Los Angeles, California (PRWEB) December 06, 2011
Online Retail industries will continue to attract a larger customer base as more households buy items electronically, according to IBISWorld, the nation’s largest publisher of industry research. Rising consumer confidence, in particular, will benefit online retail’s long-term growth, since it contributes to buying and customer retention. IBISWorld projects that in the five years to 2016, online retail revenue will increase at an average annual rate of 9.6% to total $310.1 billion. However, news is not all good for e-tailers as the looming threats of regulation may hamper sales and reduce profit in the coming years. To determine the winners and losers from the e-shopping boom, industry research firm IBISWorld, has expanded its market research report collection to cover 50 industries within the Online Retail market. The new collection covers online retail statistics, major company market share, revenue and profit trends, market size and in-depth analysis on all major online retail sectors.
Every year, more than 100 million Americans purchase goods from the online retail marketplace. Since the start of the decade, Online Retail industry revenue has grown at an exceptional rate, outperforming most brick-and-mortar retail industries in the country. Despite the recession-induced slump in 2008 and 2009, industry revenue is still expected to increase in the five years to 2011. However, according to IBISWorld, the looming threats of regulation may hamper sales and reduce industry profit in the coming years.
IBISWorld’s Online Retail industry report collection is classified into ten main goods categories. The new industry market research reports available for purchase from IBISWorld include retail statistics, companies, growth, trends, market size and analysis for industries within: Lifestyle Services, Online Cars & Automotive Goods; Online Clothing & Accessories; Online Electronics, Computers & Appliances; Online Food & Beverage Sales; Online Furniture & Home Furnishings; Online Pharmaceutical, Health & Beauty; Online Sporting Goods, Books & Music; Online Stationery & Office Equipment and Online Travel & Accommodation.
According to IBISWorld analyst, Janet Shim, as online shopping becomes more popular, e-tailers are expanding their lines of common household goods. In addition, “hard-to-find niche products or products that are no longer being produced have also found homes online,” says Shim. As product ranges have grown, so has the number of industry operators. “In the coming years, continued economic recovery will contribute to the strong growth projected for the Online Retail Industries.”
According to IBISWorld online retailers will gradually shift their focus from sales to consumers, increasing their efforts to meet the various needs of online shoppers. These efforts will include improving product descriptions, making prices more competitive, keeping freight and delivery costs low and delivering superior after-sales service. Online retailers that meet these requirements will ultimately benefit from strengthened brand recognition and increased consumer spending.
Get For more information on the Online Retail Industries in the US, including insightful industry analysis and research into the Online Retail Sales & E-commerce industry at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The collection of Online Retail Industry reports contains key industry statistics, market size, market share, industry trends, and growth and profit forecasts for a 5-year outlook period. See the complete list of Online Retail Industries by IBISWorld.
IBISWorld Industry Market Research Reports Contain:
About this Industry
Industry at a Glance
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalisation & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Jargon & Glossary
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About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.