Ecommerce in Germany
Germany is Europe’s largest economy and after Russia it’s also Europe’s most populous country. After World War II Germany was divided into two different states: West Germany (officially called the Federal Republic of Germany) and East Germany (the German Democratic Republic). The western part sought established links with other Western European countries, while the communist GDR was more connected with countries like the Soviet Union, Hungary and Poland. As of July 2013 it’s estimated 81.1 million people live in Germany, of which 42% is between 25 and 54 years old. Here’s what you need to know about ecommerce in Germany:
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|Population||81.1 million people|
|– % internet users||85%|
|Online sales||€83.3 billion (2020)|
|Online stores worth mentioning:||Otto, Zalando, Mediamarkt|
- Ecommerce events in Germany
- Ecommerce customers in Germany
- The ecommerce market in Germany
- Big online stores in Germany
- Latest ecommerce news from or about Germany
Ecommerce events in Germany
Every year there are several ecommerce events being organized in Germany. We have a handy ecommerce events calendar, where you can find all the major online retail events in Europe. But you can also check out only the ecommerce events in Germany.
Ecommerce customers in Germany
PAYMENT METHODS – Traditionally, online shoppers in Germany are keen on using invoice, for years this was their preferred online payment method. But a study from 2020 showed that, among consumers who have a preferred payment method, e-wallets were the most popular choice. PayPal is indeed very popular among Germans. Other popular methods are invoice, credit card, and direct debit.
PRODUCT CATEGORIES – Online fashion is the most popular product category in Germany, followed by consumer media and electronics. Especially in the categories ‘consumer electronics & computers’ and ‘media’ (books, music, movies, video games) German consumers are keener on shopping online instead of shopping offline. According to a study from RetailX, 85 percent of German citizens have shopped online during 2020. And 95 percent of the population has been online that year.
The ecommerce market in Germany
In April 2019, Handelsverband Deutschland shared some interesting statistics about ecommerce in Germany. The market was worth 53.3 billion euros in 2018 and is expected to reach 57.8 billion euros in 2019. Another study, by Bevh, shows that ecommerce (services excluded) in Germany was worth 83.3 billion euros in 2020.
And according to a study from Deutsche Card Services, the east-west difference in German online retailing has vanished. In terms of purchasing activity nowadays there is virtually no disparity between the western and eastern parts of Germany any more.
Big online stores in Germany
Ecommerce in Germany seems all about two big players: American retailer Amazon and German-founded Otto. They own almost half of the online market, so it’s pretty clear that it’s quite hard for smaller merchants to make a difference. The top 10 online stores in Germany are: Amazon (€8.82 billion), Otto (€2.96 billion), Zalando (€1.3 billion), Notebooksbilliger (€752 million), MediaMarkt (€734 million), Lidl (€594 million), Bonprix (€591 million), Cyberport (€533 million), Conrad (€494 million) and Alternate (€472 million).
Latest news about Germany
Payment and banking service provider FinXP has launched Real Time Payments by FinXP (RTPF). This is an account-to-account payment method that is targeted at online merchants. The Malta-based electronic money institution says its transaction fees are lower than many other popular alternative payment methods.
Signa Sports United has agreed to list on the New York Stock Exchange through a merger with special-purpose acquisition company Yucaipa. The deal will raise over 530 million euros in proceeds for Signa Sports United, which will use part of this money to buy UK-based sports store Wiggle.
Online marketing agency 10XCrew from the Netherlands has acquired Vorwärts, a German Amazon agency. Both companies are specialized in direct-to-consumer strategies and online marketplaces like Amazon and Bol.com.
Sennder, a digital road freight forwarder from Germany, has raised 80 million dollars (65 million euros). This follows the first close of its Series D funding round in January and brings the total size of this round to almost 200 million euros.
Dutch retailer My Jewellery expands to Germany. Tomorrow, the omnichannel retailer will launch its first online shop abroad. In time, My Jewellery wants to open physical stores in Germany as well.
Read all our articles about ecommerce in Germany.
Last update: May 2021