Forrester: European E-Commerce Sales to Surpass €565 Billion by 2029
Reversing the post-pandemic trend of in-store buying, e-commerce sales are predicted to grow
According to Forrester’s
Highlights from the report include:
Total Retail Sales
-
Germany leads total retail sales in theEurope -5 region with retail sales forecasted to reach€693 billion by 2029. In theUK , retail sales will reach£552 billion (€649 billion ) in 2029, and inFrance it will reach€616 billion .
E-Commerce Sales
-
The
UK dominates online retail with projected sales of£176 billion (€207 billion ) by 2029. That compares to£130 billion (€152 billion ) in 2024. InGermany , online retail sales are predicted to reach€146 billion by 2029, up from€97 billion in 2024. InFrance , online sales are forecasted at€106 billion in 2029, up from€73 billion in 2024.
-
By 2029, e-commerce will account for a significant portion of retail sales across
Europe -5. TheUK is projected to lead among the five markets, with e-commerce making up32% of total retail sales in 2029, up from27% in 2024.Germany will see an increase from16% of retail sales in 2024 to21% in 2029, whileFrance is expected to grow from14% to17% over the same period.
E-Commerce Trends And Drivers
- Non-essential retail sales will rebound with declining inflation and improved economic conditions. Categories including fashion and consumer electronics are expected to see renewed online growth as price-conscious consumers regain purchasing power.
-
Emerging online shoppers and cross-border e-commerce platforms will further fuel digitisation. With platforms including AliExpress, SHEIN, and Temu increasing their presence, the
Europe -5 region is becoming a global hub for marketplace-driven growth.
“The growth of online sales is reshaping the retail landscape, giving businesses opportunities to expand their customer base by offering more convenience and delivering tailored shopping experiences,” said Jitender Miglani, principal forecast analyst at Forrester. “European retailers should consider investing in advanced digital platforms to adopt omnichannel strategies to meet growing demand online. Getting customer experience right in both online and offline realms will dictate market dominance in the next decade.”
Resources:
-
Read Forrester’s report,
Europe -5 Online Retail Forecast, 2024 To 2029 (client access required). -
Learn more about Forrester’s
Europe -5 online retail forecast for 2024 to 2029, in this blog.
About Forrester
Forrester (Nasdaq: FORR) is one of the most influential research and advisory firms in the world. We empower leaders in technology, customer experience, digital, marketing, sales, and product functions to be bold at work and accelerate growth through customer obsession. Our unique research and continuous guidance model helps executives and their teams achieve their initiatives and outcomes faster and with confidence. To learn more, visit Forrester.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250114267424/en/
Press Contact
Hannah Segvich
hsegvich@forrester.com
Source: Forrester