Last call: The rise of e-commerce sales has shattered brick-and-mortar sales

The E-Commerce and Online Auctions industry in Michigan, which comprises companies that sell merchandise online, has grown over the five years to 2018 as the shift from traditional to online shopping continues to power e-commerce growth. Over the past five years, the industry has grown at an annualized rate of 6.9%, including estimated growth of 6.2% in 2018 to reach $3.1 billion. The number of industry operators in the state has increased at an annualized rate of 7.7% to 5,178 companies over the five-year period to 2018. Further, industry employment has also risen at an annualized rate of 7.7%, to an estimated 10,210 people over the five years to 2018. Consumer spending has risen in Michigan in the period, leading to increased spending on industry products in the consumer market...purchase to read more.

Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 13-18
6.9%
Forecast Growth 18-23
Profit
Employment
10,210
Businesses
5,312

Industry Threats & Opportunities

  • Over the past five years, shoppers in Michigan, like the rest of the country, have increased spending online at surging rates
  • Industry Report - Industry Investment Chapter

    ***This section is not used for US State reports***...purchase to read more.

    Additional Insights for the E-Commerce & Online Auctions in Michigan Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the E-Commerce & Online Auctions in Michigan Industry are

  • Ability to control stock on hand
  • Ability to quickly adopt new technology
  • Provision of superior after-sales service
  • IBISWorld analysts also discuss how external factors such as Consumer spending in Michigan and Percentage of services conducted online in the E-Commerce & Online Auctions in Michigan industry impact industry performance..

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    What's in this report

    What is the E-Commerce & Online Auctions in Michigan Industry?

    The E-Commerce and Online Auctions industry comprises establishments that sell merchandise online. The internet is the main selling platform via either a retailer’s online store or an auction site. This industry excludes media and software that is streamed or downloaded online.

    Industry Products
  • Electronics and appliances
  • Clothing, footwear and accessories
  • Home and office
  • Media
  • Sporting goods, toys, hobby items and games
  • Food, beer and wine
  • Medication and health
  • Industry Activities
  • Retailing computers, TVs and other electronics online
  • Retailing clothing and footwear online
  • Retailing other merchandise online
  • Operating internet auction sites
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Consumer spending in Michigan
  • Percentage of services conducted online
  • commerce sales
  • Investor uncertainty

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - E-Commerce & Online Auctions in Michigan Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Carpenters
  • Interior Designers
  • Consumers

  • Key Selling Industries
  • Cardboard Box & Container Manufacturing
  • Computer Stores
  • Couriers & Local Delivery Services
  • Postal Service
  • Wholesale Trade

  • Products & Services
  • Other
  • Medication and health
  • Electronics and appliances
  • Clothing, footwear and accessories
  • Sporting goods, toys, hobby items and games
  • Home and office
  • Food, beer and wine
  • Media
  • Chart: E-Commerce & Online Auctions in Michigan Industry Products and Services Segmentation

  • Major Markets
  • 35 to 54 years old
  • 55 years and older
  • 18 to 34 years old
  • Chart: Major Market Segmentation for the E-Commerce & Online Auctions in Michigan Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs E-Commerce & Online Auctions in Michigan

  • Basis of Competition
    Barriers to Entry
    Amazon.com Inc., Walmart Inc., Apple Inc., IDVille,
  • Table: Amazon.com Inc. - financial performance
  • Table: Walmart Inc. - financial performance
  • Table: Apple Inc. - financial performance
  • Table: IDVille - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the E-Commerce & Online Auctions in Michigan Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the E-Commerce & Online Auctions in Michigan Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Per Capita Disposable Income (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Big Data
  • Extremely large data sets that are analyzed using software to identify consumer and market trends
  • Brick- And-Mortar Store
  • Stores that have a physical presence and location, as opposed to online retailers.
  • Chatbot
  • Software that communicates with people via voice or message and is designed to simulate human conversation
  • Multichannel Marketing
  • A marketing approach in which companies market to consumers using a variety of platforms, such as email and print advertisement.
  • Picker
  • A person who works in a warehouse finding items that are shipped to customers
  • Social Commerce
  • A subset of e-commerce that involves using social media to assist in the online buying and selling of products and services.
  • What Our Customers Say

    Why buy this report?

    The E-Commerce & Online Auctions in Michigan industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on E-Commerce & Online Auctions in Michigan:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The E-Commerce & Online Auctions in Michigan market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on E-Commerce & Online Auctions in Michigan, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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