Ä¢¹½AV

Alibaba has also found success with the fashion-oriented marketplaces it’s launched in Spain (Miravia) and Turkey (Trendyol) that sell a mix of local brands, and it aims to expand these concepts to other markets. Sustained growth demands creative reinvention. With roots in China’s highly competitive market, Shein, Temu, and TikTok are moving quickly to stay ahead.

For P2P marketplaces, individual sellers have the responsibility for listing items for sale.

Why we care: Though a relatively new entrant, TikTok Shop has secured its place within the US marketplace landscape. Over a fifth of US marketplace buyers made a purchase on TikTok Shop in the seven months following its US launch, according to an April 2024 Ä¢¹½AV survey.

Should this happen, the uninsurance rate would increase by 16% and subsidized marketplace coverage would drop by 42%, per a recent analysis by the Urban Institute. Our take: Efforts to cut costs—particularly waste and fraud—are noble endeavors, especially as healthcare spending continues its meteoric rise across the US.

For example, a travel company that functions as a marketplace, such as Expedia, has a slew of potential endemic advertisers—including hotels and airlines.

It could also remove its platform from the EU, which would have significant financial repercussions: The marketplace had more than 92 million monthly users in the EU last month. Our take: This could be a moment of reckoning for Temu, which has so far avoided major fines or bans.

Walmart Connect's growth has been fueled by a surge in advertiser participation, including marketplace sellers. The company's strategy of leveraging its vast customer base and omnichannel capabilities allows advertisers to reach consumers more effectively.

Marketplaces are investing in European fulfillment networks. Online marketplaces dominate cross-border selling in Europe. In 2022, 63% of European cross-border spend was generated by marketplaces, per an October 2023 report by Cross-Border Commerce Europe. Europe’s biggest marketplaces are investing in fulfillment networks.

The total value of goods sold on the marketplace—including from third-party sellers—rose 40% YoY, roughly in line with last year’s growth. Our take: Shein certainly faces its share of growing pains.

A crackdown on illegal behaviors: Sellers and marketplaces will have to stop the sale of illegal products in the EU member states. Meanwhile, platforms and search engines will be required to take measures to stop the dissemination of illegal content.

While some products will probably amount to marketplace experiments, others could gain consumer traction. The proliferation of voice devices also raises questions about privacy and the evolving human-technology relationship. Decoding voice assistant market growth patterns. The voice assistant market is evolving, with established players jockeying for position and showing varying growth patterns.

Having multiple operating currencies may provide a more nuanced understanding of the video marketplace. It would also incentivize continued innovation among measurement vendors to ensure solutions evolve at an acceptable pace. But there are a lot of challenges standing in the way of a true multicurrency future, including:. Complexity for buyers.

That will require working with lawmakers to address questions about product safety, building deeper relationships with local merchants and brands, and cracking down on counterfeits and other questionable items on its marketplace. Go further: Check out our Asia-Pacific Ecommerce Forecast 2024 report and 4 Charts on Indonesia’s Ecommerce Battleground.

For one, merchants face the possibility of being penalized by Amazon if they’re found selling products at cheaper prices on other marketplaces.

Go further: Read our report on The US Online Marketplace Shopper.

GenAI has marketplace relevance across generations. The 20.1% adoption rate among boomers is particularly noteworthy for a new technology, indicating a broad-based adoption trend. A notable gender gap exists, particularly among younger users. Gen Z shows the highest gender gap in terms of AI usage.