Global Home Shopping Market is expected to reach the market valuation of USD 9.4 trillion by 2027 expanding at a reasonable CAGR of 17.9% during the forecast period (2021-2027) from USD 3 trillion in 2020. Home Shopping channel includes television-based shopping, e-commerce, and telephonic shopping companies. Improved internet connectivity and increased adoption of smartphones have positively impacted the virtual shopping market.
Various factors driving the global Home Shopping market include the emergence of secured payment methods, enhanced internet quality, convenient free home delivery service along with lucrative offers. Furthermore, rising interest of people for online shopping through e-commerce platforms such as flipkart.com, eBay.com, and Amazon.com is also anticipated to drive the market. In 2016, Amazon launched, Amazon Pantry for customers. Using Amazon Pantry, customers can now shop for over 4,000 everyday essentials such as groceries and household products on the website and mobile. Amazon Pantry comes with guaranteed next day delivery in India. Men are more than twice likely to make purchases online, compared to women, with 14% of men reporting to do so, while only 6% of woman reported doing so.
Access sample report (including graphs, charts, and figures): https://univdatos.com/reports/home-shopping-market?popup=report-enquiry
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.
Based on the product type, the global home shopping market is fragmented into groceries, apparels & accessories, footwear, personal & beauty care, furniture & home decor, electronic goods, and others. Further, the report also studied through market type such as teleshopping, e-commerce and mobile shopping and others. The e-commerce and mobile segment dominated the market in 2020. It is anticipated to maintain its dominance during the forecast period owing to the lockdown in various countries across the world due to COVID-19 outbreak, grocery segment has observed an increase in overall sale through online platforms. Amid the pandemic, more than 10 million of US consumers purchased grocery online for the first time. Online grocery sales grew 54% in 2020, compared to 2019 in the US.
Additionally, the report provides detailed analysis of the overall adoption of home shopping in 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 increasing number of smartphone user has the potential to become one of the largest markets for home shopping in near future. Amazon.com, Inc., Flipkart private limited, eBay Inc., Alibaba Group, Walmart, VGL group of companies, JD.com, Inc., Best Buy, The Home Depot, and Apple, Inc., are some of the prominent players operating in the global Home Shopping market. Several M&A鈥檚 along with partnerships have been undertaken by these to expand their business reach and product portfolio globally.
Click here to view the Report Description & TOC: https://univdatos.com/reports/home-shopping-market
Global Home Shopping Market Segmentation
Market Insight, by Product Type
路聽聽聽聽聽聽聽Groceries
路聽聽聽聽聽聽聽Apparels & accessories
路聽聽聽聽聽聽聽Footwear
路聽聽聽聽聽聽聽Personal & Beauty care
路聽聽聽聽聽聽聽Furniture & Home d茅cor
路聽聽聽聽聽聽聽Electronic Goods
路聽聽聽聽聽聽聽Others
Market Insight, by Market Type
路聽聽聽聽聽聽聽Teleshopping
路聽聽聽聽聽聽聽E-commerce and mobile
路聽聽聽聽聽聽聽Others
Market Insight, by Region
路聽聽聽聽聽聽聽North America Home Shopping Market
o聽聽United States
o聽聽Canada
o聽聽Rest of North America
路聽聽聽聽聽聽聽Europe Home Shopping Market
o聽聽Germany
o聽聽France
o聽聽Italy
o聽聽Spain
o聽聽UK
o聽聽Rest of Europe
路聽聽聽聽聽聽聽Asia-Pacific Home Shopping Market
o聽聽China
o聽聽Japan
o聽聽India
o聽聽Australia
o聽聽Rest of Asia-Pacific
路聽聽聽聽聽聽聽Rest of World Home Shopping Market
Top Company Profiles
路聽聽聽聽聽聽聽Amazon.com, Inc.
路聽聽聽聽聽聽聽Flipkart
路聽聽聽聽聽聽聽eBay Inc.
路聽聽聽聽聽聽聽Alibaba Group
路聽聽聽聽聽聽聽Walmart
路聽聽聽聽聽聽聽VGL Group
路聽聽聽聽聽聽聽JD.com, Inc.
路聽聽聽聽聽聽聽Best Buy
路聽聽聽聽聽聽聽The Home Depot
路聽聽聽聽聽聽聽Apple, Inc.
Contact Us:
UnivDatos
Contact Number – +1 978 733 0253
Email –聽[email protected]聽
Website – www.univdatos.com
Linkedin- https://www.linkedin.com/company/univ-datos-market-insight/mycompany/
