Group Buying Market, Global Outlook and Forecast 2023-2032
Group buying, also known as collective buying, offers products and services at significantly reduced prices on the condition that a minimum number of buyers would make the purchase. Origins of group buying can be traced to China where it is known as Tu?n G?u (Chinese: ??) or team buying.
In recent times, group buying websites have emerged as a major player in online shopping business. Typically, these websites feature a "deal of the day", with the deal kicking in when a set number of people agree to buy the product or service. Buyers then print off a voucher to claim their discount at the retailer. Many of the group-buying sites work by negotiating deals with local merchants and promising to deliver a higher foot count in exchange for better prices.
This report aims to provide a comprehensive presentation of the global market for Group Buying, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Group Buying. This report contains market size and forecasts of Group Buying in global, including the following market information:
Global Group Buying Market Revenue, 2018-2023, 2024-2032, ($ millions)
Global top five companies in 2022 (%)
The global Group Buying market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2022, While China is to reach $ Million.
Online Group Buying Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Group Buying include Groupon, GoodTwo, Meituan Dianping, Alibaba, LivingSocial, Woot, 1SaleADay, Ruelala and Hautelook, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
We has surveyed the Group Buying companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Group Buying Market, by Type, 2018-2023, 2024-2032 ($ millions)
Global Group Buying Market Segment Percentages, by Type, 2022 (%)
Online Group Buying
O2O
Other
Global Group Buying Market, by Application, 2018-2023, 2024-2032 ($ millions)
Global Group Buying Market Segment Percentages, by Application, 2022 (%)
Retail Industry
Online Shopping Industry
Food Service Industry
Global Group Buying Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions)
Global Group Buying Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Group Buying revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Group Buying revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Groupon
GoodTwo
Meituan Dianping
Alibaba
LivingSocial
Woot
1SaleADay
Ruelala
Hautelook
Zulily
BelleChic
Amazon
JingDong
Outline of Major Chapters:
Chapter 1: Introduces the definition of Group Buying, market overview.
Chapter 2: Global Group Buying market size in revenue.
Chapter 3: Detailed analysis of Group Buying company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Group Buying in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
