HOME SHOPPING SERVICES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
Global Home Shopping Services Market is estimated to be valued at USD 5.50 Bn in 2024 and is expected to reach USD 12.24 Bn by 2031, growing at a compound annual growth rate (CAGR) of 12.1% from 2024 to 2031.
Home shopping services provide consumers with the convenience of purchasing products from the comfort of their home. These services have gained widespread popularity in recent years driven by increasing internet penetration and smartphone usage. Customers can browse various products online across different categories like electronics, fashion, home decor and more. They have the option to purchase immediately or place the items in their cart for later checkout. Home shopping services handle delivery and returns efficiently to provide buyers with a seamless shopping experience without having to visit retail stores. The growing preference for contactless shopping amid the pandemic has further accelerated the demand for these services.
Market Dynamics:
The global home shopping services market is driven by several factors like rising digitalization, growth of e-commerce platforms, and changing consumer shopping habits. The widespread adoption of smartphones and increasing internet penetration around the world have positively impacted the market. Customers find it convenient to order products online and have them delivered at their doorstep rather than visit crowded stores. Meanwhile, challenges like concerns around fake products, higher costs of delivery for services and data privacy issues restrain the market to some extent. However, opportunities around innovative last-mile delivery solutions, targeted advertising and emerging technologies like AI and IoT can help companies overcome barriers and capture new demand.
Key features of the study:
- This report provides in-depth analysis of the global home shopping services market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
- It profiles key players in the global home shopping services market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
- Key companies covered as a part of this study include Amazon, Inc, eBay Inc, Walmart Inc, Alibaba Group Holding Limited, JD.com Inc, Naaptol Company, The Home Depot Inc, VGL Group, Flipkart, QVC, and HSN.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
- The global home shopping services market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global home shopping services market.
Market Segmentation
Market Segmentation
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