Ecommerce Growth in UK Ecommerce growth data across Business Verticals driven by the online shopping pattern of UK consumers. Increasing buying spree among consumers would lift the Economy in 2011.
What is Ecommerce? Ecommerce refers to the buying and selling activities over products and/or services through the digital media. In brief, commercial activities over the Internet Media.
Ecommerce growth in UK (2011) By 2011, 32 million UK consumers will be shopping online adding the value of €76 billion. The region will be the second biggest spender in Europe.
Consumption driven growth The earlier growth projection is based on purely Consumption driven data. With a GDP growth rate of -0.5%, it can be assumed that developed countries have hardly any scope to add value by the infrastructure development. So Consumption growth is the future.
United Kingdom GDP Growth Rate
UK GDP growth contracted by 0.5 per cent in Q4 2010.
Construction output fell by 2.3 per cent.
Output in the service industries fell by 0.6 per cent.
Household expenditure fell 0.3 per cent.
Government final consumption expenditure rose by 0.4%.
Gross fixed capital formation fell 1.8 per cent.
Trade deficit in real terms increased to £11.5 billion.
Wedding Industry Data
The UK wedding industry is worth an estimated £5.5 Billion per year.
The average overall cost of getting married is £22,858.
Couples in London and the South East spend on average £23,932
Couples in Wales and the South West spend on average £18,991
53% of couples pay for most of the wedding costs.
35% of brides would consider cosmetic surgery for their wedding.
So Wedding Industry and allied service sector growth
Key Facts on Apparel Industry
Contributes almost £4.8bn to the UK economy each year.
Around 156,000 people are employed in the industry.
Around 20,000 of these using design skills as part of their work.
There are around 35,000 businesses, of which around 23,000 are sole traders.
There are around 2,000 design consultancies in the industry, employing around 4,000 people.
The businesses in this industry tend to be small or medium sized.
Scope for the small Biz to choose ecommerce platform.
Overview of UK Jewelry Industry
UK retail sector with total sales of US$ 515.7 billion in 2008.
UK Jewelry and watches retail market is valued at US$ 12.6 billion.
There are more than 7,500 specialty retail jewelry stores in the UK.
Jewelry Industry grew at a CAGR of 1.86% for the period 2004-2008.
A majority of the customers of the jewelry and watches retail market in the UK are women.
Even the Jewelry Industry can fetch the benefit using the ecommerce platform.
UK tops in Soft Toys Sale
UK toy industry witnessed 6% growth in 2006
Sales figures show the UK has become the fastest growing toy market of Europe’s top five countries.
Similar levels of growth found in France, Germany, Italy and Spain. reported an average 3.5 per cent revenue increase over 2009.
Online selling has witnessed real spurt.
The data above really inspiring for the Toy traders
Opportunities for the starters
Opportunities for the existing website owners
Opportunities for the small businesses
Forms of Opportunities
Exporting products/Services worldwide.
Cost effective Online Store creation.
Low operational costs.
Thank You IQecommerce The Online Shopping Cart http://www.iqecommerce.com/