The D2C Market has expanded steadily, driven by rising Internet and smartphone penetration, an expanding population, and the expansion of online retailers and payment methods: Ken Analysis: Ken Research
The market growth was supported by the increase in total smartphone penetration, growth in online shoppers and rise in youth population.
- The market growth was supported by the increase in total smartphone penetration, growth in online shoppers and rise in youth population.
- The market is currently placed in the growth stage owing to the increasing penetration of online retail sales during 2019.
- The competition in Taiwan online retail market has increased over the years leading to the increasing number of online retail websites in Taiwan.
- The online retail market in Taiwan is expected to witness a single-digit growth rate in the forecast period 2018-2023E.