Market Share of Lithuania E-commerce Industry
In Lithuania, the competition in the E-commerce market has increased as the customer's adoption of online sales channels has grown.The market is moderately low. This growth is aided by an increase in internet penetration.
- February 2022 - Madista Mundus, a Lithuanian startup, has announced the debut of its new venture, the Futugo app, which will alter how people consume fine art and luxury clothes in the web 3.0 revolution. It intends to become the new standard for purchasing high-end goods, digital NFT art, and attending fashion events in the metaverse. The Futugo app will have a physical goods in e-commerce platform, a fully-featured social network, 3D storefronts, live events, digital NFT fashion and art objects, unique discounts, and personal assistants to enable users navigate the complex digital fashion paradise.
- February 2022 - Spanish architecture practice Atelier Entropic has developed a new e-commerce hub featuring a new roof motif in Kaunas, Lithuania. The project spans 70,400 square meters and reimagines the traditional big-box typology of warehouse/retail programming to create a continuous street of programs, complete with plazas, green spaces, and public functions.
Lithuania E-commerce Market Leaders
Amazon.com Inc
Pigu.lt
Apple Inc
Shopify
BigCommerce
*Disclaimer: Major Players sorted in no particular order
