German ecommerce is expected to reach EUR 42.8 bln in 2014

Monday 29 September 2014 14:30 CET | News

The German ecommerce industry is expected to reach EUR 42.8 billion by end of 2014, reports.

In 2013, the share of online sales in the total retail industry was 8.4%, but according to the market research agency IFH findings, this share will be 9.4% in 2014.

There is an expected growth rate of 13% in 2014, while the ecommerce industry grew by 14% in 2013.

Hans Jürgen Heinick, senior consultant at IFH Cologne, estimates that ecommerce may have a 15% market share of the total retail industry by 2020.

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Keywords: Germany, ecommerce, industry, EUR, merchant, customer, online payments, growth
Categories: Payments & Commerce
Countries: World
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