Global Price Comparison Websites Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast: 2019–2028
The Price Comparison Websites Market report has been segmented on the basis of application, and region.
Global Price Comparison Websites Market: Overview
“The Price Comparison Websites Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
A price comparison website, also known as a comparison-shopping website, comparison shopping agent, price analysis tool, or a comparison shopping platform, is a platform where a user can use filters to compare products on the basis of features, reviews, price, and others.
Price comparison websites are online platforms where all data related to goods are merged so that the user does not need to go to individual websites to compare products.
Global Price Comparison Websites Market: Dynamics
Various benefits offered by price comparison websites to consumers as well as suppliers such as convenience to customers as well as new potential customers for suppliers to tap on are expected to drive the growth of the global price comparison websites market.
In addition, these websites can offer consumers to find out better deals to buy any product by comparing it with each other and helping them decide easily and save money, which in turn is estimated to drive the growth of the global price comparison websites market.
Moreover, finding the best prices can be a time-consuming task which includes tasks such as calling customer support with queries and trying to find the right information to compare products which will be more time-consuming.
Price comparison websites can collect all data together in one place, hence consumers can easily compare products before buying. This is a major factor anticipated to drive the growth of the global price comparison websites market.
Furthermore, price comparison sites offer you various choices while purchasing products, which is another factor expected to drive the growth of the global price comparison websites market. Other benefits provided by price comparison websites include no network traffic while purchasing, and a large number of products available.
However, unawareness about price comparison websites in certain countries is a major factor that could hamper the growth of the global price comparison websites market.
In addition, some factors such as lack of feel and touch, online fraud, delay in delivery time, and no close examination of products while buying are estimated to hinder the adoption and growth of the global price comparison websites market.
Global Price Comparison Websites Market: Segment Analysis
Among the application segments, the retail segment is estimated to account for the highest revenue share in the global price comparison websites market.
Increasing adoption of price comparison websites for retail purchases and rising awareness among consumers is expected to drive revenue growth of the retail segment in the global price comparison websites market. Furthermore, the travel and tourism segment is expected to show significant growth in the global price comparison websites market.
Global Price Comparison Websites Market: Region Analysis
Asia Pacific market is anticipated to account for a higher revenue share in the global price comparison websites market. High adoption and permeation of price comparison websites in various countries especially China and India is a major factor expected to drive the growth of the price comparison websites market in the Asia Pacific.
North American market is expected to follow the Asia Pacific market in terms of revenue share, and is estimated to show significant growth in the next few years, due to well-established companies in this region, especially in the US.
Global Price Comparison Websites Segmentation:
Segmentation by Application:
- Travel & Tourism
Segmentation by Region:
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Google Shopping
- Coupons, Inc.
- Bizrate Insights Inc.
- Slickdeals, LLC
- NexTag Inc
- Woot LLC
- ShopLocal, LLC
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