Consumer To Consumer E-Commerce Market To Reach $7.91 Trillion By 2030

Consumer To Consumer E-Commerce Market Growth & Trends

The global consumer to consumer e-commerce market size is anticipated to reach USD 7.91 trillion by 2030 and is projected to grow at a CAGR of 24.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. In C2C e-commerce marketplace, buyers can pay using a PayPal, credit card, or bank debits that both the buyer and the seller can link to a bank account, among other methods. Moreover, merchants pick Consumer to consumer (C2C) e-commerce over other websites is its range of accepted payment methods. In addition, after creating labels using eBay's shipping software, the seller sends their goods using package delivery services. Sellers can put an item for sale on C2C platforms without having to pay extra for marketing, promotion, or administrative work. The platform owner handles promotional features and quality control. Thus, driving the growth of the market in the forecasted period.

C2C websites are beneficial to buyers as well as sellers. Buyers can benefit from this cheaper price that a retail firm might not offer as the seller sets the pricing and can do without the overhead associated with typical retail companies. They also receive assurance that the sellers would be subject to quality monitoring. Customers can also enjoy the convenience of home buying with C2C commerce. On the other hand, a seller can benefit from the marketplace's online presence to rank well in search engine results. Sellers using this kind of eCommerce can not only reach more customers than they could on their own, but they can also do it more quickly. Thus, a well-designed C2C marketplace benefits both buyers and sellers when executed correctly, driving the market growth of the market.

Market players are also launching all-in-one multi-vendor solutions with configurable user interfaces, thoughtful user experiences, and advanced technological stacks to increase sellers' client base and boost sales. C2C e-commerce website offers live chat, variable payments, one-page checkout, detailed personal user accounts, and marketing tools that are all customized to meet business needs and designed to draw in customers and interact with sellers. Additionally, integrated SEO optimization, intelligent search, a commenting and review system, and other features that encourage people to stay on your platform can help you build your income on your marketplace. Thus, the market is growing as a result of these causes more and more.

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Consumer To Consumer E-Commerce Market Report Highlights

• Clothing & footwear is anticipated to register a highest CAGR from 2024 to 2030 in the C2C e-commerce market. The market is anticipated to expand as a result of changing retail tactics and rising consumer demand. The dynamics of the apparel manufacturing sector have also changed recently, which has led to a shift in the top exporting nations' rankings to include China, Bangladesh, Turkey, India, and Cambodia

• The Asia Pacific region is expected to grow at a highest CAGR in the forecast period. Supportive government initiatives for digitalization, increasing usage of smartphones, and significant penetration by global market players are some of the prominent factors driving the Asia Pacific C2C e-commerce market growth

• In April 2023, Alibaba introduced its own AI chatbot, called Tongyi Qianwen. Alibaba also opened registration for companies to test its AI application. It is expected that application of AI chatbot in the e-commerce marketplace would drive the demand for the C2C e-commerce market

Consumer To Consumer E-Commerce Market Segmentation

Grand View Research has segmented the global consumer to consumer (c2c) e-commerce market report based on product category and region:

C2C E-Commerce Product Category Outlook (Market Value, USD Billion; 2018 - 2030)

• Automotive

• Beauty & Personal Care

• Books & Stationery

• Consumer Electronics

• Clothing & Footwear

• Home Décor & Electronics

• Sports & Leisure

• Travel & Tourism

• Media & Entertainment

• Information Technology (Software)

• Others

C2C E-Commerce Region Outlook (Market Value, USD Billion; 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • U.K.

  • Germany

  • France

• Asia Pacific

  • China

  • India

  • Japan

  • Australia

  • South Korea

• Latin America

  • Brazil

  • Mexico

• Middle East & Africa

  • UAE

  • Saudi Arabia

  • South Africa

List of Key Players in the Consumer To Consumer E-Commerce Market

• Airbnb, Inc.

• Alibaba Group Holding Limited

• Amazon.com, Inc.

• Auctions.com

• BigCommerce

• Craigslist, Inc.

• eBay Inc.

• OLX, Inc.

• Quikr India Private Ltd.

• Shopee

• Shopify Inc.

• Squarespace, Inc.

• Taobao.com

• uBid.com

• WooCommerce