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The growing popularity of European marketplaces has made them more favourable to sell on. Nowadays, people start their product searches on marketplaces and mostly end up buying once they get their perfect fit. Europe is a high potential zone when it comes to eCommerce, and European Marketplaces are doing exceptionally well.
Let’s give you a detailed outlook of eCommerce in Europe through this article.
eCommerce in Europe & European Marketplaces:
According to Eurostat, 32 percent of customers have shopped online 1-2 times in the last 3 months and 17 percent did it 6- 7 times.
European B2C eCommerce turnover raised up to 621 billion euros in 2019.
European eCommerce is expected to reach US$871.60bn in 2023.
In the major European countries like the UK, Germany, France, the Benelux, the Nordics, Spain, Italy, and Poland the most selling category is Clothing and Footwear.
In 2020 the online sales in the region were recorded to be Euro 717 billion.
In the year 2019, the European eCommerce sales growth was 14.22%.
The percentage of people shopping in the European region is:
83% – Western Europe
36% – Eastern Europe
79% – Northern Europe
55% – Southern Europe
The total cross-border European ecommerce market last year accounted for a turnover of 143 billion euros.
Payment Methods Used in Europe:
There are different payment methods popular in Europe and due to the shift of offline businesses to online, digital payment methods are more preferred. The payment methods preferred by European customers are:
Digital Wallet(Paypal/AliPay)
Visa / Mastercard
Domestic Brand Credit/Debit Card
Bank Transfer
Cash on Delivery
Top Selling Products in Europe
Clothing and Footwear
Books
Electronics
Food, Cosmetics, and Pharmaceuticals
Furniture and Home Goods
Top European Marketplaces to Sell Online
When it comes to the best marketplaces in Europe then these are the marketplaces that both sellers and buyers prefer.
In Germany, Otto is the second biggest eCommerce marketplace offering fashion and lifestyle products.
Otto has 9 million active customers and out of which most are aged from 22-55.
To sell on Otto you must have a business in Germany with a German legal form and a German tax ID.
The Otto marketplace makes it easier for the sellers by handling the payment processes by itself.
It offers merchants with ‘Sponsored Product Ads’ service for product marketing.
Kaufland.de (Real.de)
Kaufland.de is Germany’s top marketplace among the European marketplaces.
It has 32 million visitors per month with more than 200 product categories listed on it.
The marketplace offers sellers multi-channel marketing options with more than 10 different offline and online channels to advertise the products.
Since there’s no selling contract so the seller registration process is simpler and easier for merchants to onboard.
The best selling products on Kaufland.de are Fashion, Electronics, gardens, Sports, etc.
Back Market
Back Market marketplace aims in building trust and desires for renewed devices.
On the Back Market marketplace, overall 6 million customers have purchased a device.
This marketplace is famous for selling refurbished electronic items in the European region.
It operates currently in 16 countries including Europe, the US, and Japan.
Back Market also offers its own logistics services to the sellers.
Bol.com
It is the third biggest online retailer in Belgium.
Bol marketplace runs its own affiliate program known as Bol.com Partner Program having 30000 affiliates.
It offers its own fulfillment and delivery services for faster delivery.
There are around 15 million products listed on Bol.com.
The best selling categories on Bol marketplace are Toys, Clothing, Electronics, Books, etc.
This was all about the top marketplaces to sell in Europe.
Now the question is-
Is it possible to sell on these Top European Marketplaces Simultaneously?
Yes, it is very easy to sell on these top European marketplaces simultaneously with MultiChannel Selling.
To start your multichannel business all you need to have is an eCommerce integration for your business to make the selling process easier. Moreover at CedCommerce we offer multichannel selling extensions on these European marketplaces through frameworks like Magento, WooCommerce, Shopify, Opencart, Prestashop, etc.
The multichannel selling integration by CedCommerce offers the following features:
Bulk Product Upload
Real-Time Inventory Synchronisation
Product Category Mapping
Multiple Accounts Support
Simple and Configurable Products Upload
Order Automation
New Order and Rejected Orders Notification
Wrapping it Up:
Thus European eCommerce market is growing day by day and by selling on these biggest eCommerce markets in Europe you can easily grow your business. Although Amazon and eBay lead in the world, but the above-mentioned European marketplaces have a great impact on the local audience and will give you huge revenue.
So if you think we have missed out on any European marketplaces then do share your thoughts in the comments below.
Tags:
european ecommercehow to sell in europemarketplaces in europemultichannel selling in europesell in europe
About The Author
Tanya
Masters the game of words. Her everyday success lies behind the perfection with which she deals triumphs & imposters alike. Social Media is her Shopping mall. Her knowledge is the logarithmic result of her years of experience.