HTF MI recently introduced Global Group Buying Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2024-2030). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Groupon (United States), LivingSocial (United States), Meituan (China), Pinduoduo (China), Rakuten (Japan), Coupang (South Korea), DealCurry (India), GrabOne (New Zealand), WagJag (Canada), Gilt City (United States).
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According to HTF Market Intelligence, the Global Group Buying market to witness a CAGR of 5.96 % during forecast period of 2024-2030. Browse 100+ market data Tables and Figures spread through Pages in-depth on Global Group Buying Market Breakdown by Application (Retail Industry, Online Shopping Industry, Food Service Industry, Travel Industry, Others) by Type (Online Group Buying, Offline Group Buying, Group Shopping, Groupon-Style Group Buying, Others) and by Geography (North America, South America, Europe, Asia Pacific, MEA).
Definition:
Buying in bulk allows a group to exert pressure on suppliers to provide a better deal by using their collective purchasing power. Like when a town places a sizable order for fresh vegetables directly from a farmer. Due to the increased sales volume, the group acts as a single, bigger customer, which incentivizes the seller to provide a lower price per unit. This benefits the group members financially while also benefiting the merchant, who sells a larger quantity all at once. By allowing users to create virtual groups and purchase a variety of goods and services at a discount collectively, group buying platforms simplify this process online.
Market Trends:
- N
Market Drivers:
- Online shopping, the growing penetration of smartphones, and a widening variety of products and services
Market Opportunities:
- Artificial intelligence, augmented reality, and influencers
Group Buying Market Competitive Analysis:
The key players are highly focusing innovation in production technologies to improve efficiency and shelf life. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies. Figure out who really the competition is in the marketplace, get to know market share analysis, market position, % Market Share, and segmented revenue. Early buyers will receive 10% customization on comprehensive study.
Group Buying Major Geographical First Level Segmentation:
Asia-Pacific [China, Southeast Asia, India, Japan, South Korea, Australia]
Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America [United States, Canada, Mexico]
Middle East & Africa [GCC, North Africa, South Africa]
South America [Brazil, Argentina, Columbia, Chile, Peru]
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FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
Points Covered in Table of Content of Global Group Buying Market:
Chapter 01 – Group Buying Executive Summary
Chapter 02 – Market Overview
Chapter 03 – Key Success Factors
Chapter 04 – Global Group Buying Market – Pricing Analysis
Chapter 05 – Global Group Buying Market Background
Chapter 06 — Global Group Buying Market Segmentation
Chapter 07 – Key and Emerging Countries Analysis in Global Group Buying Market
Chapter 08 – Global Group Buying Market Structure Analysis
Chapter 09 – Global Group Buying Market Competitive Analysis
Chapter 10 – Assumptions and Acronyms
Chapter 11 – Group Buying Market Research Methodology
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