Group Buying Market to Get an Explosive Growth

The Group Buying Market has witnessed continuous growth in the past few years and is projected to grow at a good pace during the forecast period of 2024-2030. The exploration provides a 360° view and insights, highlighting major outcomes of Group Buying industry. These insights help business decision-makers to formulate better business plans and make informed decisions to improve profitability. Additionally, the study helps venture or emerging players in understanding the businesses to make well-informed decisions. Some of the major and emerging players within the market 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 growth a CAGR of 5.96% during forecast period of 2024-2030. The market is segmented by 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.

By end users/application, the market is sub-segmented as: Retail Industry, Online Shopping Industry, Food Service Industry, Travel Industry, Others
 

Breakdown by type, the market is categorized as: Online Group Buying, Offline Group Buying, Group Shopping, Groupon-Style Group Buying, Others

Players profiled in the report: 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)

Regional Analysis for Group Buying Market includes: North America, Europe, Asia-Pacific, South America, Africa, etc

The Global Group Buying Market study covers ongoing status, % share, upcoming growth patterns, development cycle, SWOT analysis, sales channels & distributions to anticipate trending scenarios for years to come. It aims to recommend an analysis of the market by trend analysis, segment breakdown, and players’ contribution in Group Buying market upliftment. The market is sized by 5 major regions i.e., North America, Europe, Asia Pacific (includes Asia & Oceania separately), Middle East and Africa (MEA), and Latin America, and further broken down by 18+ jurisdictions or countries like China, the UK, Germany, United States, France, Japan, India, group of Southeast Asian & Nordic countries, etc.

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For Consumer-Centric data, demand-side or survey analysis can be added in the final deliverable as part of customization that would include analysis and consumer behavior of Group Buying Market by demographic factors such as Age, Gender, Occupation, Income Level or Education. {*subject to data availability and feasibility}

Consumer Traits Includes Following Patterns**
Consumer Buying patterns (e.g., comfort & convenience, economical, pride)
Customer Lifestyle (e.g., health conscious, family orientated, community active)
Expectations (e.g., service, quality, risk, influence)

Major Highlights from the Global Group Buying Market factored in the Analysis:

Group Buying Market Measures & Parameters Addressed in Study: The report highlights Group Buying market features such as segment revenue, weighted average selling price by region, capacity utilization rate, production & production value, % gross margin by company, consumption, import & export, demand & supply, cost bench-marking of the finished product in Group Buying Industry, market share and annualized growth rate (Y-o-Y) and % CAGR.

Major Strategic Group Buying Market Developments: Activities such as Research & Development (R&D) by phase, ongoing and completed Merger & Acquisition (M&A) [deal value, purpose, effective year], Joint ventures (JVs), Technological tie-ups, Suppliers partnerships & collaborations, agreements, new launches, etc taken by Group Buying Industry players during the projected timeframe of the study.

What unique qualitative insights are included in Group Buying Market research study?
The Global Group Buying Market report provides rigorously studied and evaluated data of the top industry players and their scope in the market by means of various analytical tools. To gain a deep dive analysis; qualitative commentary on changing market dynamics {drivers, restraints & opportunities}, PESTLE, 5-Forces, Feasibility study, BCG matrix (% Share vs % Growth), SWOT by players, Heat Map analysis, etc have been provided to better correlate key players product offering in the market.

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Extracts from Table of Contents:
1. Group Buying Market Overview
- Market Snapshot
- Definition
- Product Classification
2. Group Buying Market Dynamics
- Drivers, Trends, Restraints……
- Market Factors Analysis
3. New Entrants and Entry-barriers
4. Standardization, Regulatory and collaborative initiatives
- Manufacturing Process Analysis
- Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers
5. Global Group Buying Market Competition by Manufacturers (2023-2024)
6. Group Buying Market Value [USD], Capacity, Supply (Production), Consumption, Price, Export-Import (EXIM), by Region (2019-2030)
…….
7. Group Buying Revenue (Value), Production, Sales Volume, by Region (2024-2030)
8. Group Buying Market Trend by Type {Online Group Buying, Offline Group Buying, Group Shopping, Groupon-Style Group Buying, Others}
9. Group Buying Market Analysis by Application {Retail Industry, Online Shopping Industry, Food Service Industry, Travel Industry, Others}
10. Group Buying Market Manufacturers Profiles/Analysis
- Market Share Analysis by Manufacturers (2021-2024E)
- Manufacturers Profiles (Overview, Financials, SWOT, etc)
- Connected Distributors/Traders
- Marketing Strategy by Key Manufacturers/Players

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Thanks for reading Global Group Buying Industry research publication; you can also get individual chapter-wise sections or region-wise report versions like America, LATAM, Europe, Nordic nations, Oceania, Southeast Asia, or Just Eastern Asia.