Industry Analysis & Industry Trends
The E-Commerce and Online Auctions industry has experienced a decade of growth as more and more Americans have become accustomed to making purchases online. The industry was briefly slowed by the recession; however, the economic recovery has been a boon to industry revenue. In the coming years, continued economic recovery is expected to drive the industry's strong growth, but as the industry becomes more established over the next five years, revenue growth is anticipated to temper. Rising disposable income and declining unemployment will improve consumer confidence, increasing consumers' likelihood and ability to buy... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
In the 10 years to 2019, industry value added, which measures the industry's contribution to the US economy, is expected to increase at an average annual rate of 8.9%. Meanwhile, US GDP is forecast to rise at an average annual rate of 2.5% over the same period. The industry is in a growth phase of its life cycle because its growth rate outpaces GDP over a 10-year period, and the industry is still experiencing the entrance of many new operators and rapid innovation.
Over the five years to 2014, the number of online retailers and auction sites has increased at an average annual rate of 12.7% to an estimated 137,544. The number of industry establishments is also forecast to continue to increase over the five years to 2019, rising at an annualized 9.2% to 213,230 businesses... purchase to read more