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Home Shopping Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Home Shopping Market Share
The increasing e-commerce activities are expected to drive the growth of the home shopping market. E-commerce, which involves buying and selling goods over the internet, is growing due to improved internet connectivity, logistics solutions, and secure payment systems. E-commerce platforms enhance the shopping experience by offering convenience and attracting a broader customer base. For example, the U.S. Census Bureau reported that total e-commerce sales reached $1.12 trillion in 2023, a 7.6% increase from 2022. This rise in e-commerce is fueling the home shopping market.
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What Is the projected market size and growth rate for the home shopping market?
The home shopping market has seen rapid growth, expected to expand from $5,049.24 billion in 2024 to $5,920.92 billion in 2025 at a CAGR of 17.3%. Contributing factors include the rise of television shopping channels, the dominance of e-commerce, smartphone proliferation, increasing disposable income, and advancements in direct marketing strategies.
The Home Shopping Market is set to experience rapid growth, reaching $11,048.8 billion by 2029, at a CAGR of 16.9%. The market is expanding due to increased consumer spending on social media advertisements, rising internet users, and urbanization. Trends include AR/VR shopping, AI-driven personalization, and safe payment systems.
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What new trends are reshaping the home shopping market and its opportunities?
In the home shopping market, companies are exploring immersive digital shopping experiences to make product exploration and purchasing more engaging from home. Walmart, a U.S.-based retail corporation, launched the Walmart Realm immersive shopping platform in May 2024. This platform features virtual shopping environments, influencer-led stores, gamification elements, and partnerships with content creators to enhance the online shopping experience.
What major market segments define the scope and growth of the home shopping market?
The home shopping market covered in this report is segmented -
1) By Product Type: Groceries, Apparels And Accessories, Footwear, Personal And Beauty Care, Furniture And Home Décor, Electronic Goods, Other Product Types
2) By Payment Mode: Card Payments, Digital Wallets, Bank Transfers, Cash Payments, Other Payment Modes
3) By Market Type: Teleshopping, E-Commerce And Mobile Shopping, Other Market Types
Subsegments
1) By Groceries: Fresh Food, Packaged Food, Beverages
2) By Apparels And Accessories: Men's Apparel, Women's Apparel, Kids' Apparel, Jewelry and Watches
3) By Footwear: Men's Footwear, Women's Footwear, Sports and Casual Footwear
4) By Personal And Beauty Care: Skincare, Haircare, Cosmetics, Personal Hygiene
5) By Furniture And Home Décor: Living Room Furniture, Bedroom Furniture, Kitchen & Dining Furniture, Home Accessories, Decorative Items
6) By Electronic Goods: Consumer Electronics, Home Appliances, Gadgets and Wearables
7) By Other Product Types: Sports and Fitness Equipment, Books and Stationery, Pet Supplies, Toys and Games
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Which region dominates the home shopping market?
Asia-Pacific was the largest region in the home shopping market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the home shopping market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the home shopping industry growth?
Major companies operating in the home shopping market are Walmart Inc., Amazon.com Inc., JD.com Inc., Alibaba Group Holding Limited, Majid Al Futtaim, eBay Inc., Flipkart Private Limted, HSE Home Shopping GmbH, Croma, Vaibhav Global Limited, Meesho, Naaptol Company, Shop LC, Hammacher Schlemmer, American Swan, ShopHQ, HomeShop18, Ubuy, Koovs PLC, Tata Cliq, Planet Shopping, Sears, Roebuck and Co.
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What Is Covered In The Home Shopping Global Market Report?
•Market Size Forecast: Examine the home shopping market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the home shopping market for a structured understanding.
•Key Players Overview: Analyze major players in the home shopping market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the home shopping market.
•Segment Contributions: Evaluate how different segments drive overall growth in the home shopping market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the home shopping market.
•Industry Challenges: Identify potential risks and obstacles affecting the home shopping market.
•Competitive Landscape: Review strategic developments in the home shopping market, including expansions, agreements, and new product launches.
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