Spain E-commerce Market Size

Spain E-commerce Market Analysis

Spain's E-commerce Market is expected to register a CAGR above 14.7% during the forecast period, 2022-2027. Spain is one of Europe's largest markets for Fashion, Electronics & Media segments in revenue. This market is primarily driven by rising Internet and smartphone penetration, increasing reliance on social media to promote e-commerce platforms, expanding omnichannel business models, and introducing new payment modes.

• The top players in Spain's e-commerce market include various brands. This consists of the usual American giant like Amazon and eBay and some European heavyweights like Carrefour and Media Marketplace, which provides several local brands, making Spain one of the more diverse e-commerce markets.
• The market is expected to grow rapidly in the coming years Because of rising internet penetration. The use of smartphones and technological awareness among users has increased dramatically over the last decade, positively impacting the global market growth. Furthermore, advances in connectivity and high-speed internet availability, such as 3G, 4G, and 5G, significantly impact market growth.
• Correos is the most commonly offered delivery service provider among online stores in Spain. Even before inquiring about which service people use to transport their goods, 28 % named Correos as one of their providers. Furthermore, SEUR and UPS are among the top three shipping service providers offered by online retailers in Spain, with 21% and 18%, respectively.
• El Corte Inglés, eBay, Amazon, Mil Anuncios, Segunda Mano, Lets Bonus, Groupon, Bing, eBay, and Groupalia are popular online stores in Spain. With net e-commerce sales of US$ 4,416 million in 2020 generated in Spain, Amazon.es leads the Spanish e-commerce market, followed by Elcorteingles.es with US$ 1,862 million in 2020.
• COVID-19 has had a significant impact on the Spanish e-commerce market. E-commerce businesses faced many significant challenges, including disrupted supply chains, limited operations due to the lockdown, inventory management, and an overall lack of employees. In response to the COVID-19 pandemic, governments worldwide have imposed social distancing measures or temporarily closed non-essential businesses and taken other steps. As a result, e-commerce sales have increased. The pandemic has increased the use of online platforms in the Spain market.
• The COVID-19 pandemic has transformed Spanish consumer lifestyles and purchasing habits, allowing them to shift from traditional retail stores to online portals for goods and services. Many new omnichannel initiatives were launched in the first six months of 2020, resulting in smaller stores' closure and integration into more prominent format locations. Using the Zara App, the company launched a 'Store Mode,' allowing 25 stores across Spain to offer new features to customers, such as ordered products being ready for pick up within 30 minutes.