(Length: 7 pages)

June 29, 2006 (updated March 28, 2007)

Europe's eCommerce Forecast: 2006 To 2011

Net Retail Will Soar From €102 Billion To €263 Billion

by Jaap Favier

with Michèle Bouquet

Executive Summary (This is a document excerpt)

In the coming five years, the number of Europeans shopping online will grow from 100 million to 174 million. Their average yearly Net retail spending will grow from around €1,000 to €1,500, as UK Net consumers outspend even their US counterparts online. Overall, this will cause European eCommerce to surge to €263 billion in 2011, with travel, clothes, groceries, and consumer electronics all above the €10 billion per year mark.

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