Online Payment Methods Fuel The C2C E-Commerce Market Growth:

Published 2 months ago• 6 minute read

C2C E commerce Market

How Are the key drivers contributing to the expansion of the c2c e-commerce market?
The surge in the use of digital payment techniques is projected to fuel the expansion of the C2C e-commerce market in the future. These web-based transaction processes, which allow individuals and businesses alike to pay and get paid online, are gaining traction due to the growing ubiquity of mobile devices, internet accessibility, effects of the pandemic, and improved security measures. These digital payment systems automate several phases of the transaction, minimizing the need for human intervention and making operations more efficient for C2C e-commerce platforms. Furthermore, these systems allow C2C e-commerce platforms to cater to customers worldwide. As an example, Electronic Payments International, a UK-based payments company, reported in September 2023 that there was a 13% increase in the total number of digital payments in the UK, from 40.4 billion in 2021 to 45.7 billion in 2022. Additionally, contactless payments saw an increase of 30% to 17 billion. Nowadays, almost one-third of adults have signed up for at least one mobile payment service. Consequently, the rise in the usage of online payment methods accelerates the expansion of the C2C e-commerce market.

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What growth opportunities are expected to drive the c2c e-commerce market's CAGR through 2034?
The scale of the C2C e-commerce market has seen a remarkable increase recently. The market is projected to expand from a size of $2490.06 billion in 2024 to $3105.98 billion in 2025, boasting a compound annual growth rate (CAGR) of 24.7%. Various factors have contributed to this growth during the historic period including enhanced internet accessibility and smartphone utilization, increasing popularity of online shopping and electronic payments, the advancement of the sharing economy and peer-to-peer transactions, growth in social media platforms supporting C2C business, a preference among consumers for diversity and exclusive products, the convenience and easy accessibility offered by online marketplaces, and the development of trust-building systems and customer reviews.

Expectations are high for significant expansion in the C2C e-commerce market size in the coming years. Predictions suggest a growth to $7442.78 billion by 2029, with an impressive compound annual growth rate (CAGR) of 24.4%. The forecasted growth in this period can be credited to the ongoing transition towards online shopping behaviors, amplified cross-border c2c operations, widespread use of mobile payment systems and digital wallets, increasing popularity of unique and artisanal items, the development of influencer marketing and social trade, heightened emphasis on sustainability and used goods, along with legal backing and consumer safeguard procedures. Key trends within the forecast period consist of the emergence of social commerce platforms, the amalgamation of user-initiated content, the amplified demand for niche marketplaces, the establishment of secure payment channels, partnerships between platforms and providers, the growth of cross-border commerce, the application of artificial intelligence, as well as the incorporation of sustainability policies.

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What are the most significant trends transforming the c2c e-commerce market today?
Leading firms in the C2C e-commerce sector are making strides towards adopting strategic collaborations in order to carve out a competitive advantage. Such collaborations often amplify their offerings, widen their reach, and augment the user experience. They often harness their shared knowledge and resources to construct a more comprehensive and potent e-commerce landscape. Flipkart Commerce Cloud is an advanced platform that aims to transform global retail and e-commerce operations. To illustrate, valU and PayTabs Egypt, both Egypt-based fintech and payment processing companies, entered into a partnership with Mazadat - a provider of C2C e-commerce platforms in Egypt - in February 2022. The objective is to improve payment services and solutions in the e-commerce and entertainment sectors. This partnership paves the way for Mazadat's users to access valU's BNPL services for C2C and B2C e-commerce and to effect online payments through PayTabs Egypt's payment system. This pact marks valU's inaugural foray into the C2C e-commerce market; an important move considering the swift shift in consumer buying habits, the surge in online shopping, and the growing reliance on technology in all spheres of life - a trend significantly magnified by the COVID-19 pandemic.

Which growth-oriented segments of the c2c e-commerce market are leading the industry's development?
The C2C e-commerce market covered in this report is segmented -

1) By Type: B2C Retailers, Classifieds
2) By Platform: Web-Based, Mobile Application
3) By Application: Automotive, Beauty And Personal Care, Books And Stationery, Consumer Electronics, Clothing And Footwear, Home Décor And Electronics, Sports And Leisure, Travel And Tourism, Media And Entertainment, Information Technology (Software)

Subsegments:
1) By B2C Retailers: Online marketplaces (eBay, Amazon), Niche Online Stores
2) By Classifieds: Online Classified Ad Platforms (Craigslist, OLX), Peer-To-Peer (P2P) Platforms

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What regions are leading the charge in the c2c e-commerce market?
North America was the largest region in the C2C E-commerce market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the C2C E-commerce market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

What companies are at the forefront of innovation in the c2c e-commerce market?
Major companies operating in the C2C E-commerce market are Amazon.com Inc., JD.com Inc., Alibaba Group Holding Limited, PayPal Holdings Inc., Taobao, eBay Inc., Airbnb Inc., Flipkart Internet Private Limited, Shopify Inc., ASOS plc, Etsy Inc., OLX Inc., Squarespace Inc., Craigslist Inc., Fiverr International Ltd., Make My Trip Pvt. Ltd., BigCommerce Holdings Inc., Poshmark Inc., Depop Ltd., Shopee Pte. Ltd., Tradesy Inc., uBid Holdings Inc., Auctions.com LLC, Quikr India Private Ltd., WooCommerce

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What Is Covered In The C2C E-commerce Global Market Report?

• Market Size Forecast: Examine the c2c e-commerce market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the c2c e-commerce market for a structured understanding.
• Key Players Overview: Analyze major players in the c2c e-commerce market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the c2c e-commerce market.
• Segment Contributions: Evaluate how different segments drive overall growth in the c2c e-commerce market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the c2c e-commerce market.
• Industry Challenges: Identify potential risks and obstacles affecting the c2c e-commerce market.
• Competitive Landscape: Review strategic developments in the c2c e-commerce market, including expansions, agreements, and new product launches.

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