Home shopping market size is expected to reach $11.2

NEW YORK, US, September 22, 2022 (GLOBE NEWSWIRE) – E-commerce shopping is another name for home shopping. Direct-to-consumer purchases are made from the comfort of home, using goods displayed in online or television advertising. home shopping It has gained popularity in recent years due to the advent of the internet and sophisticated supply chains that allow things to be sent directly to customers at an affordable price.

In short, home shopping refers to purchases made through door-to-door sales, interactive television, mail, and telephone. Consumers get product information in their homes through direct mail campaigns, catalogs, print ads, broadcast media, and outgoing phone calls. Home purchases are primarily driven by convenience; However, impulsiveness and amusement are factors too.

Customers around the world may find the home buying industry attractive, especially during epidemics like the coronavirus. In addition, the Internet has gradually become a vital tool for companies trying to grow their products in the virtual market due to the huge rise in Internet users, the improvement of Internet connections, and developments in security and encryption. The Internet has greatly increased consumer reliance on online shopping and trust, which has amplified the growth of the industry.

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The growing reliance on the Internet is driving the home shopping market

Due to the rapid advancement of technology, business organizations have shifted from the traditional method of selling goods to the electronic method. Online stores can display a wide range of products since there are no actual restrictions on storefront size. The Internet is the primary way to conduct business. Analytical buyers will find it easier to purchase something after they have done some investigation. Therefore, to ensure the security and satisfaction of their customers, online retail websites use different technologies. Due to the proliferation of broadband internet connections and the recent developments in security and encryption, one can now enjoy a pleasant shopping experience from the comfort of home.

The increased access to the Internet has also helped increase sales in the home buying sector. The home shopping sector Sales were also boosted by internet affordability and a sudden rise in mobile phone ownership. The e-commerce development potential in the market is closely related to the internet and smartphones in that region as mobile apps have become an important gateway to customer purchases. Offline companies are now focusing on online channels to increase their market share.

Report scope

Scale Report details
market size 11207.11 billion USD by 2030
compound annual growth rate 17.68% (2022-2030)
Historical data 2019-2020
base year 2021
prediction period 2022-2030
forecasting units Value (billion US dollars)
Report coverage Revenue forecast, competitive landscape, growth factors, and trends
covered slices Genre, Regions
Geographical coverage North America, Europe, Asia Pacific, lame and the rest of the world
Profile of the main companies / sellers Amazon.com, Inc, eBay Inc, Walmart, Alibaba Group Holding Limited, TJC, The Home Depot, Apple Inc. and Flipkart private limited and VGL group.
Key market opportunities Switching to multi-channel home shopping is likely to open up new opportunities
Main market drivers Rapid growth in technology

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Regional Insights

The market is dominated by the Asia Pacific region and is expected to grow at a rate Compound annual growth rate of 15.52% during the forecast period. China’s impressive performance is the main factor in the region’s supremacy. The rapid expansion of the online consumer base in the country has allowed this exponential growth of the e-commerce sector. The introduction of 4G network in India, backed by the growing smartphone market and increasing affluence of consumers, is the main driver of the home shopping industry.

North America has the second largest market share and is expected to grow at a faster rate Compound annual growth rate of 19.51%, representing $559.18 billion by 2030. The presence of the United States is a critical factor in the expansion of North America. Online commerce is booming and is expected to rise by double digits during the forecast period. In the North American region, fashion generates more revenue from e-commerce than electronics and gadgets in Costa Rica and Greenland. The population boom in the area is also aided by the home shopping segment.

The online purchase market is moderate in Europe. The UK is primarily leading the expansion in this region. Home shopping companies use a variety of off-TV channels to market their products, including retail websites, catalogs, customer magazines, websites, social media platforms, mobile apps, smart TV, and many more. Moreover, IT literacy is vital in Sweden. Therefore, buyers prefer electronic speed, easy commerce and the ability to compare costs. Existing mobile shopping customers are more likely to switch to e-commerce channels as a less tech-savvy population matures or is exposed to online shopping..

the main points

  • The Global home shopping market size 3.047 billion US dollars in 2021. It is expected to reach 11207.11 billion US dollars by 2030, with a growth rate Compound annual growth rate of 17.68% During the forecast period (2022-2030).
  • by typeThe global home shopping market is categorized into distance shopping, e-commerce and others. The e-commerce sector has the largest market share and is expected to grow at a rate Compound annual growth rate of 18.34% during the forecast period.
  • North America has the second largest market share and is expected to grow at a faster rate Compound annual growth rate of 19.51%, representing 559.18 billion US dollars by 2030.

The main players in the market are

  • Amazon.com Inc
  • ebay inc
  • Walmart
  • Alibaba Group Holding Ltd.
  • TJC
  • home depot
  • Apple company
  • Flipkart Special Limited
  • VGL . group

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Global Home Shopping Market: Retail

by type

  • remote shopping
  • E-Commerce
  • Aharon

By regions

  • North Amarica
  • Europe
  • Asia Pacific
  • South america
  • Middle East and Africa

content list

  1. an introduction
    1. Market definition
    2. Market Scope
  2. Research Methodology
    1. preliminary research
    2. Research Methodology
    3. Assumptions and exceptions
    4. secondary data sources
  3. Market Overview
    1. Segmentation and Scoping Report
    2. Value Chain Analysis: home shopping market
    3. Major market trends
      1. drivers
      2. limitations
      3. chances
    4. Porter’s Five Forces Analysis
      1. Supplier bargaining power
      2. Bargaining power of buyers
      3. Threat of substitution
      4. Threat of newcomers
      5. Competitive rivalry
    5. Market share analysis
  4. Write an overview
    1. an introduction
      1. Market size and forecast
    2. remote shopping
      1. Market size and forecast
    3. E-Commerce
      1. Market size and forecast
  5. Summary
    1. an introduction
      1. Market size and forecast
      1. Market size and forecast
      1. Market size and forecast
  6. Regional Overview
    1. an introduction
      1. Market size and forecast
    2. America
      1. North Amarica
      2. we
        1. by type
      3. Canada
        1. by type
      4. Mexico
        1. by type
      5. Latin america
        1. by type
    3. Europe
      1. Market size and forecast
      2. Germany
        1. by type
      3. France
        1. by type
      4. United kingdom
        1. by type
      5. Italia
        1. by type
      6. Spain
        1. by type
      7. Rest of Europe
        1. by type
    4. Asia Pacific
      1. Market size and forecast
      2. Japan
        1. by type
      3. China
        1. by type
      4. Australia
        1. by type
      5. India
        1. by type
      6. South Korea
        1. by type
      7. Rest of Asia Pacific
        1. by type
    5. Middle East and Africa
      1. Market size and forecast
      2. Kingdom Saudi Arabia
        1. by type
      3. South Africa
        1. by type
      4. Kuwait
        1. by type
      5. Rest of the Middle East and Africa
        1. by type
  7. Company Profile
    1. Amazon.com
      1. Company Profile
      2. Financial performance
      3. Recent Developments
      4. product portfolio
    2. ebay inc
      1. Company Profile
      2. Financial performance
      3. Recent Developments
      4. product portfolio
    3. Walmart
      1. Company Profile
      2. Financial performance
      3. Recent Developments
      4. product portfolio
  8. Conclusion and recommendation
  9. Abbreviations and acronyms

Table of Contents and Figure @ https://straitsresearch.com/report/home-shopping-market/toc

market news

  • in August 2022Walmart has announced the acquisition of Volt Systems to enhance retail analytics and decision-making.
  • In July 2022The Walmart Restored division of Walmart.com will help customers secure purchases of refurbished merchandise.
  • In July 2022eBay Inc., launched. (Nasdaq: EBAY) Fine jewelry authentication.
  • In June 2022eBay has acquired the popular NFT marketplace KnownOrigin.
  • In April 2022Flipkart announced the formation of the Flipkart Foundation, which will support environmental responsibility, entrepreneurship, skills development, community development, and increased market access for underserved communities in India.

The media
Global home insurance market to be valued at $237.7 billion by 2030

The European Union is expected to occupy a prominent position in the global autoclaved concrete market due to the boom of green building technology

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