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Subscription E-commerce Market: Demand, Growth Challenges, Industry Analysis And Forecasts To 2032
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032Subscription E-commerce Market Size, Growth Rate, And Forecast
The global subscription e-commerce market size grew from $119.4 billion in 2022 to $196.35 billion in 2023 at a compound annual growth rate (CAGR) of 64.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The subscription e-commerce market size is expected to grow to $1482.11 billion in 2027 at a CAGR of 65.8%.
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Subscription E-commerce Market Drivers
The rapid growth of online shopping will contribute to the growth of the subscription e-commerce market going forward. The benefits of online shopping over retail purchases are shifting consumer preferences towards online shopping, especially those who opt for a subscription with additional benefits. Customers prefer to shop online because it increases convenience, reduces reliance on store visits, lowers travel costs, expands market space, lowers overheads, lowers costs, provides detailed information about products and services, and enables price comparisons, availability in a wide range of products, customer satisfaction, and the absence of crowds.
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Subscription E-commerce Market Segments
1) By Types of Subscriptions: Service Subscription, Subscription Box, Digital Content Subscription, Other Subscriptions
2) By Payment Mode: Online, By End Users: Women, Kids
3) By Application: Beauty and Personal Care, Food and Beverage, Clothing and Fashion, Entertainment, Health and Fitness, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Subscription E-commerce Market.
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Subscription E-commerce Market Key Players
Major competitors in the Subscription E-commerce Market include Amazon.Com, Unilever (Dollar Shave Club), Blue Apron Holdings, Netflix, Ipsy, Personalized Beauty Discovery (Ipsy), PetSmart, Hello Fresh, Flintobox, Nature Delivered, The Walt Disney Company, Edgewell Personal Care (Harry's), Birch Box, Sephora Play, Barkbox, Magento, WIX, Subbly, Sellfy, Recurly, Justfab, Porsche, and WooCommerce
The Business Research Company's "Global Subscription E-commerce Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Subscription E-commerce Market Include:
1. Executive Summary
2. Subscription E-commerce Market Characteristics
3. Subscription E-commerce Market Trends And Strategies
4. Subscription E-commerce Market - Macro Economic Scenario
5. Subscription E-commerce Market Size And Growth
.......
26. Africa Subscription E-commerce Market
27. Subscription E-commerce Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Subscription E-commerce Market
29. Subscription E-commerce Market Future Outlook and Potential Analysis
30. Appendix
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