Home Shopping Market Grows With Major Players Amazon.com, Flipkart Private Limited, eBay, Alibaba Group
Home Shopping Market: Current Analysis and Forecast (2021-2027)
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Edison, NJ – (SBWIRE) – 12/20/2021 – A new research paper titled “Home Shopping Market: Current Analysis and Forecast (2021-2027)” covering detailed analysis, competitive landscape, forecast and forecast strategies. The study covers a geographical analysis which includes regions like North America, Europe, Asia-Pacific, South America, Middle East & Africa and important players / suppliers such as ‘Amazon.com, Inc., Flipkart private limited, eBay Inc., Alibaba Group, Walmart, VGL group of companies, JD.com Etc. The report will help users to better understand the market, future trends and growth prospects for the forecast period 2021-2027.
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The home shopping chain includes TV shopping, e-commerce and phone shopping businesses. Improved internet connectivity and increased use of smartphones have positively impacted the virtual shopping market. The increased demand for home shopping products across the world has driven the growth of the market. Virtual purchases of household items such as electronics, home decor, essentials and many other similar products while sitting at home and having them easily delivered to the door with various secure payment methods is increasing . Additionally, when shopping online, consumers can browse different product lines based on their features, price, and discounts, all in one place without leaving their homes. On the other hand, in offline store shopping, the consumer has to go to different stores to get the best product at the best deals, which is very tiring and time consuming. For these many reasons, end users are turning to home shopping.
Due to COVID-19, the home shopping market has improved globally. As with the pandemic, many countries were witnessing a lockdown, forcing businesses to turn to online platforms so their activities were not hampered. Moreover, customers do not face any problem to purchase products in such scenario.
Additionally, the COVID-19 outbreak has led customers to turn to online shopping in many countries. For example, online sales in Denmark increased in 2020 due to COVID-19. In addition, online stores have seen a 10% increase in sales. The pandemic has increased the popularity of online shopping and increased the growth of the market globally. COVID-19 is expected to have a long-term impact. The increased use of online stores for the purchase of home products such as Amazon.com, Inc., eBay, Flipkart and many more is one of the major long term market drivers. In addition, the sale of household products and equipment has increased due to improved internet connectivity, increased use of smartphones, secure payment methods, advanced technology and improved logistic.
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Based on the type of product, the global teleshopping market is fragmented into grocery products, clothing and accessories, footwear, personal and beauty care, furniture and home decor, electronics and others. According to oberlo, in 2021, out of total consumer e-commerce spending globally, most consumer spending was on fashion – $ 759.5 billion. However, the growth rate fell from 26.5% in 2019 to 20.3% in 2020. This was due to the COVID-19 pandemic.
However, significant growth has been observed in the grocery segment and is expected to increase the market growth over the forecast period due to consumers’ reliance on home shopping due to foreclosure in various regions of the world.
Based on the type, the global home shopping market is fragmented into home shopping, e-commerce and mobile, etc. According to the International Telecommunication Union (ITU), Internet users accounted for 3.5 million people, which rose to 4 million in 2019 and China led with the most Internet users by compared to other countries. Due to this growing number of internet and smartphone users, e-commerce and mobile segment dominated the market in 2020.
For a better understanding, a detailed analysis was conducted for the main regions including North America (United States, Canada and rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and rest of Europe), Asia-Pacific (China, Japan, India, Australia and rest of APAC) and rest of the world. The Asia-Pacific with an increasing number of smartphone users has the potential to become one of the biggest markets for home shopping in the near future.
Some of the major players operating in the market include Amazon.com, Inc., Flipkart private limited, eBay Inc., Alibaba Group, Walmart, VGL group of companies, JD.com, Inc., Best Buy, The Home Depot, Apple , Inc., etc. Several M&A as well as partnerships have been undertaken by these actors to strengthen their presence in different regions.
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1 PRESENTATION OF THE MARKET
1.1 Market definitions
1.2 Objective of the study
1.5 Currency used in the report
1.6 Scope of the Study on Global Home Shopping Market
2 RESEARCH METHODOLOGY OR HYPOTHESIS
2.1 Research Methodology for the Global Teleshopping Market
2.1.1 Main objective of the global teleshopping market
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 HOME SHOPPING AMID COVID-19
6 GLOBAL HOME SHOPPING MARKET REVENUES (USD BN), 2019-2027F
7 MARKET OVERVIEW BY TYPE OF PRODUCT
8 MARKET OVERVIEW BY TYPE OF MARKET
9 MARKET OVERVIEW BY REGION
10 DYNAMICS OF THE HOME SHOPPING MARKET
11 HOME SHOPPING MARKET OPPORTUNITIES
12 TRENDS IN THE HOME SHOPPING MARKET
13 LEGAL AND REGULATORY FRAMEWORK
14 ANALYSIS OF DEMAND AND SUPPLY
15 VALUE CHAIN ANALYSIS
16 COMPETITIVE SCENARIO
17 PROFILED COMPANY
See detailed table of contents @ https://www.htfmarketreport.com/reports/3748354-home-shopping-market
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