Paypal Europe research May 2005 forecast for online 2010
By 2010, 6% of UK consumer spending on goods and services will be online,
Paypal Europe research conducted in May 2005 states that by 2010 there will be a significant uplift in online activity.
- £18.5bn a year will be spent on the internet which would previously have been spent in stores.
- Online shopper numbers will rise 10 million to 25 million
- 66% of homes will have broadband access
- Electrical retailers - online stores set to take £4.6bn per year by 2010, an increase of 136%.
- Food and grocery - estimated to make up 30% of online shopping by 2010, up 235% on 2005.
- DIY goods - to rise by 172% between 2005 and 2010
- Clothing and footwear - growing 160% over the same period.
