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🌀Marketplaces: Specialist Marketplaces on the Rise🚀

Marketplace overall trends detail research

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3P brands drive marketplace dominance in 2023 📊

Global online marketplaces hit $3.5T GMV in 2023, with 77% from 3P sales. 3P brands on Amazon grew 2x faster than 1P, reshaping global e-commerce trends.

🚦 Marketplaces' meteoric rise slows

Global online marketplaces are growing but at a slower pace. The Top 100 Marketplaces’ GMV grew 10% YoY in 2024 to reach $3.832T, compared to the rapid 29.5% surge in 2020. While marketplaces doubled in size since 2018, growth is maturing. Analysts from Digital Commerce 360 note that this reflects the shift from early-stage explosive growth to a steadier trajectory as marketplaces scale.

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