The era of marketplaces is upon us, with recent data from FoxiIntelligence and Emarketer illuminating the role these platforms play in European ecommerce. Let's dive in:
đ Significant Growth: Marketplaces now account for over one-third of ecommerce turnover in Europe, similar level to the US!
đ Accelerating Pace: In 2023, the marketplace model outpaced traditional sales, growing by an additional 3 percentage points.
đ Indicator of Change: This surge suggests a consumer shift towards marketplace platforms.
đ Uneven Adoption: Marketplace penetration varies significantly, with France and the Netherlands at lower adoption rates of 29% and 28% respectively.
đ Leaders of the Pack: Germany and Italy lead with robust marketplace shares of 42% and 43%.
âïž Balanced UK: The UK stands at a 36% marketplace share, reflecting a balanced ecommerce environment.
đŠ Dominant Models: In Ireland, fulfillment operations represent 55% of Amazonâs model, highlighting integrated logistics preference.
đ Growing Sector: Germany and the UK also see substantial Amazon fulfillment business at 39% and 49% share respectively.
đ Emerging Players and Innovations: New entrants like TikTok and Zalando Zeos are reshaping the fulfillment landscape. TikTokâs services captured 4% of the UK market in late 2023.
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