Press release
Home Shopping Market to Reach US$ 9,432 Billion by 2027 Globally |CAGR: 17.9%|Industry Overview by Top Players - Amazon.com Inc., Flipkart private limited, eBay Inc., Alibaba Group, Walmart, VGL group of companies, JD.com Inc., Best Buy
A comprehensive overview of the Home Shopping market is recently added by UnivDatos Market Insights to its humongous database. The Global Home Shopping market report has been aggregated by collecting informative data of various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Home Shopping market. The Global Home Shopping market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Home Shopping market at the global and regional levels. The Global Home Shopping Market is expected to grow at a CAGR of 17.9% from 2021-2027 to reach US$ 9,432 billion by 2027.Market Overview
The Global Home Shopping Market is experiencing significant growth on account of increasing smartphone penetration and higher internet availability worldwide. Further, amid the Covid-19 outbreak, countries around the world have imposed lockdown, this has further boosted the demand for the home shopping market. According to Oberlo, the online shopper’s population has increased from 1.32 billion in 2014 to 2.05 billion users in 2020. In 2021, global E-commerce sales stood at US$ 4.5 trillion. China was the largest e-commerce market, generated the highest revenue of US$ 672 billion from e-commerce business. Furthermore, secured payment methods, enhanced internet quality, convenient free home deliveries with fascinating offers is driving the home shopping market.
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COVID-19 Impact
Due to COVID-19, the home shopping market has enhanced globally. Owing to the global pandemic Covid-19 many countries were observing lockdown, which compelled the businesses to shift towards online platforms, to cater to the increasing demand for e-commerce sales. For instance, online sales in Denmark increased in 2020 due to COVID-19. Also, online shops observed a 10% increase in sales. Global retail e-commerce traffic recorded 22 billion visits in June 2020 with increased demand for household goods such as clothing, retail tech items, and groceries. COVID-19 is expected to have a long-term impact on the e-commerce and retail industry across the globe.
Global Home Shopping Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By Product Type, the market is primarily bifurcated into
• Groceries
• Apparels & accessories
• Footwear
• Personal & Beauty care
• Furniture & Home décor
• Electronic Goods
• Others
Owing to the lockdown in various countries across the world due to the COVID-19 outbreak, the grocery segment has observed an increase in overall sales on online platforms. Amid the pandemic, more than 10 million US consumers purchased grocery online for the first time. Online grocery sales grew 54.0% in 2020, compared to 2019 in the US. The Groceries segment of the global Home Shopping market and is expected to grow at X% CAGR to reach US$ X billion by the year 2027.
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By Market Type, the market is primarily bifurcated into
• Teleshopping
• E-commerce and mobile
• Others
E-commerce and mobile segment dominated by the type of the global Home Shopping market due to the continuous increase in the number of smartphone and internet users, and the segment will grow at X% CAGR to reach US$ X billion by the year 2027.
Home Shopping Market Geographical Segmentation Includes:
• North America (United States, Canada, and the 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)
• Rest of the World
Based on the estimation, the North America region dominated the Home Shopping market with almost US$ X billion revenue in 2020. At the same time, the Asia-Pacific region is expected to grow remarkably with a CAGR of X% over the forecast period on account of the increasing internet penetration and smartphone users in the region.
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The major players targeting the market includes
• 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.
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Home Shopping market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
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Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the Home Shopping Market?
• Which factors are influencing the Home Shopping Market over the forecast period?
• What are the global challenges, threats, and risks in the Home Shopping Market?
• Which factors are propelling and restraining the Home Shopping Market?
• What are the demanding global regions of the Home Shopping Market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature and geography. Please let us know If you have any custom needs.
Final Report will add the analysis of the impact of COVID-19 on this industry.”
In the highly import dependent Indian medical devices market, a large number of indigenous manufacturers of syringes & needles have managed to come up. However, it does not mean that imports are low for this market. Imports, as in the case with other medical devices, are quite high but the domestic manufacturers have been able to tap foreign markets through increasing exports. The target base of consumers is growing steadily which is expected to significantly boost sales in the market.
The report provides a snapshot of the syringes & needles market. It begins with the introduction section which mentions the features and uses of syringes & needles along with a brief description of the various phases in their development. The market overview section provides an insight into the market and highlights the market size. Import and export figures for syringes & needles, both in terms of volume and value have been provided in the next section. It also includes the regional break-up of the imports and exports.
An analysis of the drivers explains the factors leading to the growth of the market which include increasing need of insulin doses, increasing demand for vaccines, improving health infrastructure, growing incidence of diseases, changing demographics and health check-up packages. Some of the major challenges to the market are illegal recycling of syringes & needles and problems associated with usage. Government legislation in the market has been discussed in the next section.
The competition section highlights the features of the major players operating in the market. A brief profile of the major domestic and foreign players in the market along with their financials has been included in this section.
For more informative information, please visit us @ https://univdatos.com/report/home-shopping-market/
A section providing strategic recommendations has been given at the end of the report which gives effective solutions to existing and potential players for improving market share and increasing profitability. The Market report answers the following questions:
What is the aim of the report?
• The market report presents the estimated market size of Home Shopping market by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
• Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
• An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
• The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
• The various parameters accelerating the growth of Market are incorporated in the research report.
• The report analyzes growth rate, market size and valuation of the Market during the forecast period.
What aspects regarding the regional analysis Market are included in this report?
• Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
• The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
• The growth rate of the market in every region, including their countries over the forecast period is included in the market report.
• Based on what factors are the key market players assessed in this report?
• The report offers detailed analysis of leading companies in the market across the globe.
• It provides details of the major vendors involved in the Market including Key Playes
• A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and
• the manufactured products is incorporated in the report.
• The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
• The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.
What is the key information extracted from the report?
• Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
• The report offers the present scenario and future growth prospects Market in various geographical regions.
• The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
• The SWOT analysis is conducted along with Porter's Five Force analysis.
• The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.
Contact
UnivDatos Market Insights
Pawnendra Pawan
Client Development Lead
Ph: +91-7838604911
Email: pawnendra@univdatos.com
Website: https://univdatos.com/
About UnivDatos Market Insights
UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.
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