Home Shopping Market: Current Analysis and Forecast (2021-2027)
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Edison, NJ — (SBWIRE) — 12/20/2021 — A new research document with title 'Home Shopping Market: Current Analysis and Forecast (2021-2027)' covering detailed analysis, Competitive landscape, forecast and strategies. The study covers geographic analysis that includes regions like North America, Europe, Asia-Pacific, South America, Middle East and Africa and important players/vendors such as Amazon.com, Inc., Flipkart private limited, eBay Inc., Alibaba Group, Walmart, VGL group of companies, JD.com Etc. The report will help user gain market insights, future trends and growth prospects for forecast period of 2021-2027.
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Home shopping channel includes television-based shopping, e-commerce, and telephonic shopping companies. Improved internet connectivity and increased use of smartphones have positively impacted the virtual shopping market. The increased demand for home shopping goods across the globe has driven market growth. The virtual shopping for household goods such as electronics, home decor, essentials, and many more such products while sitting at home and getting them delivered conveniently at the doorstep with various secured payment methods is increasing. Furthermore, in online shopping, consumers can go through various ranges of products depending upon their features, price, and discount all at one place without moving out of the house. On the other hand, in offline store shopping, the consumer must go to different shops to get the best product at the best deals which are very tiring and time taking. Owing to these many reasons end-users are shifting towards home shopping.
Due to COVID-19, the home shopping market has enhanced globally. As because of the pandemic many countries were observing lockdown, which compelled the businesses to shift towards online platforms so that their business does not get hindered. Additionally, customers also do not suffer any problem in buying products during such a scenario.
Furthermore, the COVID-19 outbreak led customers to move towards online shopping in many countries. For instance, online sales in Denmark increased in 2020 due to COVID-19. Also, online shops observed a 10% increase in sales. The pandemic increased the popularity of online shopping and has increased the growth of the market globally. It is expected to be a long-term impact of COVID-19. Increased use of online shops for buying home products such as Amazon.com, Inc., eBay, Flipkart, and many more is one of the major driving factors for the market on a long-term basis. Additionally, the sale of household products and equipment has increased because of improved internet connectivity, more use of smartphones, secured payment methods, advanced technology, and improved logistics.
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Based on the product type, the global home shopping market is fragmented into groceries, apparel & accessories, footwear, Personal & Beauty care, furniture & home decor, electronic goods, and others. According to oberlo, in 2021, out of the total e-commerce spending of consumers worldwide, consumers' most spending was on fashion-related which was USD 759.5 Bn. However, the growth rate decreased from 26.5% in 2019 to 20.3% in 2020. This was due to the COVID-19 pandemic.
However, significant growth has been seen in the grocery segment and is expected to increase the market growth during the forecast period owing to the dependency of consumers on home shopping due to lockdown in various regions of the world.
Based on the type, the global home shopping market is fragmented into teleshopping, E-commerce & mobile, and others. According to International Telecommunication Union (ITU), internet users accounted for 3.5 million individuals which rose to 4 million by 2019 and China was at the top with the highest number of internet users as compared to other countries. Owing to this increasing number of internet and smartphone users, E-commerce and mobile segment dominated the market in 2020.
For a better understanding, detailed analysis has been conducted for major regions including 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), and Rest of World. Asia-Pacific with an increasing number of smartphone user has the potential to become one of the largest 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's along with partnerships have been undertaken by these players to boost their presence in different regions.
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1 MARKET INTRODUCTION
1.1 Market Definitions
1.2 Objective of the Study
1.4 Stake Holders
1.5 Currency Used in Report
1.6 Scope of the Global Home Shopping Market Study
2 RESEARCH METHODOLOGY OR ASSUMPTION
2.1 Research Methodology for the Global Home Shopping Market
2.1.1 Main Objective of the Global Home Shopping Market
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 HOME SHOPPING AMID COVID-19
6 GLOBAL HOME SHOPPING MARKET REVENUE (USD BN), 2019-2027F
7 MARKET INSIGHTS BY PRODUCT TYPE
8 MARKET INSIGHTS BY MARKET TYPE
9 MARKET INSIGHTS BY REGION
10 HOME SHOPPING MARKET DYNAMICS
11 HOME SHOPPING MARKET OPPORTUNITIES
12 HOME SHOPPING MARKET TRENDS
13 LEGAL & REGULATORY FRAMEWORK
14 DEMAND AND SUPPLY SIDE ANALYSIS
15 VALUE CHAIN ANALYSIS
16 COMPETITIVE SCENARIO
17 COMPANY PROFILED
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