Irish ecommerce sales to hit EUR 3.8 bln by 2024

Thursday 18 July 2019 08:37 CET | News

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%.

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Keywords: Ireland, ecommerce, Amazon, eBay
Countries: World