Top Ecommerce Companies in 2022
The list of the top ten ecommerce companies in the world is currently dominated by American companies, with five of the ten headquartered in the US. This should come as no surprise, given that the US is one of the biggest ecommerce markets in the world.
Currently topping the list of top ecommerce companies is ecommerce giant Amazon. As of January 2022, its market value stands at a whopping $1.649 trillion. This marks a marginal 0.92 percent growth from the previous year. In comparison, in 2021, Amazon grew its market value 73.6 percent, which is attributed to the coronavirus pandemic and the resulting lockdowns across the world as consumers spend more time indoors and online.
Amazon’s current market value is also more than quadruple of its closest rival’s and nearly the combined total of the next five biggest online retailers on the list.
The ecommerce company’s revenue has been growing steadily for over a decade. In the 12-month period ending in the third quarter of 2021, its revenues reached $458 billion, a 31.62 percent year-over-year increase. Incidentally, its founder, Jeff Bezos, also ranks among the most wealthiest men in the world.
The second-biggest ecommerce company is also headquartered in the US. Home Depot’s market value is $411.02 billion, a 43.73 percent annual increase. This is followed by Walmart, which ranks in third place with a market value of $401.91 billion.
Fourth on the list of the top ecommerce companies is China’s Alibaba with a market value of $351.9 billion. Jack Ma’s company has almost doubled its net revenue in the two years spanning 2019 to 2021 from approximately $59 billion to $113 billion.
The fifth-biggest online retailer in the world is Prosus, a multinational conglomerate company headquartered in the Netherlands. Its market value in 2022 is $254.55 billion.
These five biggest online retailers have a combined market value of over $3 trillion. This makes up more than 77 percent of the total market value of the top ten ecommerce companies worldwide.
Here are the sixth- to tenth-biggest online retailers in the world and their market values:
- Costco Wholesale Corporation: $237.76 billion
- Reliance Industries: $220.76 billion
- Meituan Dianping: $160.51 billion
- Shopify: $143.34 billion
- Target Corporation: $110.57 billion
The top ten ecommerce companies in the world are scattered across three different continents, with six from North America, three from Asia, and one from Europe.
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