Sign up for The Paypers newsletter Follow The Paypers on LinkedIn Follow The Paypers on Twitter Follow The Paypers on Facebook
The Paypers, paypers, Insight in payments, News, Reports, Events
 advertisement
Ecommerce

Irish ecommerce sales to hit EUR 3.8 bln by 2024

Thursday 18 July 2019 | 08:37 AM CET

Ecommerce sales are forecasted to rise by 12.9% in 2019 and reach 3.8 billion by 2024 in Ireland, according to a report by IBISWorld.

The research company forecasts that over the five years through 2024, revenue will grow at a compound annual growth rate of 11.2%.

Other key findings:

  • the increasing adoption of online shopping into consumers’ habits will further aid the industry;

  • clothing and footwear is the largest product segment in the industry, and is expected to account for 39% of industry revenue in 2019;

  • consumer electronics account for around 33% of market share;

  • Amazon is the only player in the industry with a share of more than 5% (around 5.6% of the local market); the second largest operator in the industry is eBay, with a market share of 3.6%.

More: Link
 advertisement
 advertisement
 advertisement
 advertisement