Press release
Global Online to Offline Commerce Market Key Player are Booking Holdings ,Expedia ,Uber ,Didi Chuxing ,Airbnb ,Ctrip
The Report provides key statistics on the market status of the Online to Offline Commerce Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
O2O (online to offline) refers to a new-type e-commerce model in which through the websites in the online shopping malls or their own websites, the merchants show the information of products and services to customers; meanwhile, through QR code, APP or location based service (LBS), customers login the online stores or filter the online products and services and then make the order and pay the bills, but they validate and experience the consumptions offline. This model not only meets the personalized demand of customers, but also helps the merchants to propagate their information of products and services faster, farther and wider.
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Some of the leading players in the Online to Offline Commerce market include, Booking Holdings ,Expedia ,Uber ,Didi Chuxing ,Airbnb ,Ctrip ,Suning.com ,Meituan Dianping ,58.com ,Tuniu Corporation ,Fang Holdings Limited ,Leju Holding Limited ,Alibaba Health ,Ping An Good Doctor ,Grab Holdings ,eHi Auto Services Limited
Growth of the online travel market is driven by the increase in internet penetration, rise in disposable income of people in emerging markets, and ease of comparing a variety of travel options online. Market players are introducing innovative travel and vacation package deals to assist travelers in making sound travel decisions as per their spending capability, such as affordable packages for international destination, discounts on car rentals and cash back on international flights.
According to this study, over the next five years the Online to Offline Commerce market will register a 15.3% CAGR in terms of revenue, the global market size will reach US$ 242700 million by 2024, from US$ 119200 million in 2019. In particular, this report presents the global revenue market share of key companies in Online to Offline Commerce business, shared in Chapter 3.
A consumer in online to offline model searches for the product online; however, purchases it through an offline channel. A local store which hesitated to sell their products online due to the discounting nature of online marketplaces, finds this model lucrative. Additionally, few products such as jewelry and electronics products are explored by customers online; however, due to the dynamics of certain products and its associated price are purchased offline. “Touch and Feel” factor is driving the online to offline commerce market.
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Key questions answered in the report include
•What will the market size and the growth rate be in 2021?
•What are the key factors driving the global Online to Offline Commerce market?
•What are the key market trends impacting the growth of the global Online to Offline Commerce market?
•What are the challenges to market growth?
•Who are the key vendors in the global Online to Offline Commerce market?
•What are the market opportunities and threats faced by the vendors in the global Online to Offline Commerce market?
•Trending factors influencing the market shares in APAC, Europe, and the US?
•What are the key outcomes of the five forces analysis of the global Online to Offline Commerce market?
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Market Research is broadly divided into Custom market research and Syndicated market research. Reportsandmarkets.com is a third-party reseller of syndicated market research reports. A syndicated research report covers data, information and analysis on a topic or title which could be of value to more than one business or individuals. This research topic or report title could be covering a macro level of an industry or a micro-market level.
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