Showing posts with label Taiwan E-Commerce Industry. Show all posts
Showing posts with label Taiwan E-Commerce Industry. Show all posts

Tuesday, March 31, 2020

Taiwan E-Commerce Market Future Outlook: Ken Research

How The Taiwan Online Retail Market Is Positioned?
Taiwan online retail industry was observed to grow in the past six years recording a CAGR of ~% in terms of gross merchandise value during the review period 2012-2018 owing to the rising retail websites and apps, availability of wide choice with attractive deals and offers, growing fast and secure online payment services and a rise in the number of online shoppers. The market is growing in Taiwan owing to the well-developed digital infrastructure of the country, the rise in the urban population with high smartphone penetration, and increasing user traffic on social media networks. The online retail sales for apparel & footwear were approximate ~ TWD million in 2018.
The changing consumer behavior for online shopping in Taiwan is driving greater demand for the online retail market. With ~% of the total population using social media activity in Taiwan, the e-commerce companies have got a wide scope of opportunities in front of them. The Taiwanese population is witnessing the shift of preference from retail store purchasing to shopping online. The development in the online payment industry has also encouraged the growth of the e-commerce industry in Taiwan by making an easy, fast and secure online transaction system.
Taiwan E-Commerce Market
What Are the Factors Inflecting Online Retail Market In Taiwan?
High Smartphone Penetration: The increasing number of smartphone users in the country has led to the growth of online retail sales via smartphones. The convenience of shopping without time and place constraints is the major reason for the upward growth of the online retail market in Taiwan.
Developed Digital Infrastructure: The availability of high-speed broadband services at low prices in Taiwan has contributed to the growth of the online retail market. The overall internet penetration rate in Taiwan accounts for ~% for the year 2017.
High Urban Population: A majority of the Taiwanese population resides in the urban areas of the country, constituting over 78.0% of the total population as of 2018. This gives the E-commerce players a wide scope for investing extensively in the market.
Cross Borders E-Commerce: The cross –border e-commerce grew by ~% in the online retail market in Taiwan for 2017 as compared to 2016. The cross border online sales in Taiwan takes place with China, accounting for ~% of the trade as of 2017.
Increasing Number of Social Media Users: High traffic on social media platforms has encouraged online retailers to gauge their presence on social media to attract the targeted segments.
Consumer Profiles
Orders by Region:
Around ~% of the orders received by the e-commerce entities in Taiwan are from Taipei and New Taipei city.
Mode of Payment for Online Orders:
It has been observed that ~% of the total orders in Taiwan are placed using the cash on delivery service as a mode of payment. Digital payments are used for ~% of the overall orders in the country in 2018.
By Gender (Male and Female):
Out of the total online retail GMV, ~% of the GMV was attributed to female buyers and the rest ~% GMV to the male buyers in 2018. Major purchasing using social media platforms is done by females as they are more price-conscious and always look for a wide variety.
How Taiwan Online Retail Market Is Segmented?
By Major Product Categories
Taiwan the online retail market is dominated by apparel and footwear category with a share of ~% in 2018 in terms of gross merchandise value due to high demand for wide variety while home care items have the least contribution with a share of ~% in 2018. The rise in the personal disposable income of the people has driven the market for online sales of retail products in Taiwan.
By Device (Mobile and Desktop)
Mobile accounted for a higher share of ~% in 2018 in terms of the gross merchandise value owing to smartphone penetration and mobile optimization. Desktop contributed to ~% of the total online retail GMV in Taiwan.
Key Segments Covered: -
Online Retail Market
By Product Category Type (Apparel and Footwear, Consumer Electronics, Media Products, Beauty and Personal Care, Consumer Appliances, Consumer Health, Personal Accessories, and Eyewear, Food and Drink, Homewares and Home Furnishings, Traditional Toys and Games, Pet Care, Home Improvement & Gardening, Video Games Hardware, Home Care and Other Internet Retailing)
By Type of Device (Mobile and Desktop)
By Gender (Female and Male)
Online Travel Market
By Categories (Intermediary Online Sales and Direct Online Sales)
By Type of Device (Desktop Travel Sales and Mobile Travel Sales)
By Intermediary Online Sales (OTA Online Sales to Residents and Other Travel Intermediaries Online Sales to Residents)
By Intermediaries Corporate Business Online Sales and Intermediaries Leisure Online Sales
By Direct Online Sales to Residents (Airlines Direct Online Sales, Lodging Direct Online Sales, Car Rental Online Sales, and Other Transport Direct Online Sales)
By Intermediary Corporate Business Online Sales (Air Online Sales Only, Lodging Online Sales Only, Car Rental Online Sales Only, Transport Online Sales Only and Other Online Sales Only)
By Intermediary Leisure Online Sales (Package Holidays Online Sales Only, Air Online Sales Only, Lodging Online Sales Only, Cruise Online Sales Only, Car Rental Online Sales Only, Other Transport Online Sales Only and Other Online Sales Only)
Snapshot on Online Payment Gateways Market
Key Target Audience
Online Retail Companies
Third-Party Websites of Online Retail
Online Travel Companies
Online Payment Gateway Platforms
Government Association
Government Agencies
Private Equity and Venture Capitalist Firms
Time Period Captured in the Report:
Historical Period: 2013-2018
Forecast Period: 2018-2023E
Companies Covered:
Taiwan Online Retail Market:
Momoshop (Fubon Group)
PCHome Online
Sea Ltd. (Shopee)
President Chain Store Corp
Apple Inc
Eastern Media International Corp
Rakuten Inc.
A.S. Watson Retail (HK) Ltd.
Far Eastern Department Stores Ltd
Yahoo! Inc.
Taiwan Online Travel Market:
Lion Travel Service Co. Ltd.
Cola Tours Group
Ez Travel Co. Ltd.
South East Travel Service Co. Ltd.
Agoda Co. Pte Ltd.
Taiwan Payment Gateway Market:
ECPay
NewebPay
PayPal
PayDollar (AsiaPay)
Pay2Go
Key Topics Covered in the Report: -
E-Commerce Market Taiwan
Internet Retailing in Taiwan
Internet Travel Booking in Taiwan
Major Shopping Websites in Taiwan
Online Payment Gateway Taiwan
Online Retail Companies in Taiwan
Payment Service Providers Taiwan
Taiwan Corporate Travel Booking
Taiwan E-Commerce Market Share
Taiwan Online Travel Agencies
Taiwanese E-Commerce Market
PayPal Taiwan Payment Gateway Competitors
PayDollar (AsiaPay) Payment Gateway Market
Lion Travel Service Market Growth
Taiwan South East Travel Service
Taiwan Agoda Travel Market Report
For More Information on the Research Report, refer to below links: -
Related Reports by Ken Research:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Friday, March 20, 2020

Taiwan E-Commerce Market Outlook to 2023: Ken Research

The report titled publication "Taiwan E-Commerce Market Outlook to 2023 - Online Retail (By Product Categories, By Desktop and Mobile, By Gender); Online Travel (By Intermediary and Direct Online Sale and By Desktop and Mobile); Online Payment Gateway Marketprovides a comprehensive analysis of the E-commerce market in Taiwan. The report also covers the overview and genesis of the markets, overall market size, segmentation, snapshot on online payment gateway market, trends and developments, issues and challenges, government regulations, business models, competitive scenario including competition stage, competition parameters, market/revenue share and company profiles of major players operating in the market. The report concludes with the future market projections and analyst recommendations highlighting the major opportunities and cautions for new as well as existing players in the market.
Taiwan Online Retail Market:
Taiwan's online retail market grew at the single-digit growth rate in terms of GMV over the review period 2013-2018. The market growth was supported by the increase in total smartphone penetration, growth in online shoppers and a rise in the urban population. The availability of better deals and offers along with a change in consumer behavior towards in-store has significantly affected the growth in the market and has changed the digital landscape in the industry. By Product Categories: Apparel and Footwear dominated the online retail market as they have the highest demand among both male and female populations while home care being largely saturated and highly competitive, accounted for the lowest revenue share. The competition in Taiwan online retail market has increased over the years leading to the increasing number of online retail websites in Taiwan. Major companies include Momo shop, Fubon Group, Yahoo!, Sea Ltd., President Chain Store Corp., Apple, Mega Co. Ltd., Eastern Media International Corp., and several others are competing by providing the all device optimization, better deals, hyper-personalization through personal engagement and convenient, secure and fast payment modes. The online retail market in Taiwan is expected to witness a single-digit growth rate in the forecast period 2018-2023E. The market will increase at a declining rate as is expected to move gradually towards its maturity stage. Taiwanese population still prefers to shop offline owing to certain trust issues, issues related to cybersecurity, lesser regional presence of online retail companies and others.
Taiwan E-Commerce Market
Taiwan Online Travel Market:
The market grew at a double-digit growth rate in terms of GTV over the review period 2013-2018. The market growth was supported by an increase in inbound trips from abroad to Taiwan, a rise in the total number of solo trips and the growing number of travel apps. Intermediary online sales dominated owing to high traffic concentration on the intermediaries or third-party websites as compared to the direct online sales during 2018. Competition within Taiwan online travel market has increased over the years leading to an increasing number of online travel websites in Taiwan. The major companies include Lion Travel Service Co. Ltd., Cola Tours Group, Ez Travel Co. Ltd., South East Travel Service Co. Ltd, and several others. The online travel market in Taiwan is expected to continue its double-digit growth rate in the forecast period 2018-2023E. In future, it is anticipated that there will be decline among the solo travelers (tourism bookings) from china owing to geopolitical tensions prevailing both the countries; however, Taiwan is expected to make up for that shortfall by luring tourists from other markets, mostly Japan and Southeast Asia, and by relaxing visa requirements for some countries.
Snapshot on Taiwan Online Payment Gateways Market:
The growth in the online payment gateways market was supported by several factors such as high internet penetration, international players entering into the Taiwan market, increased urban population and people opting for online payment methods. Many e-commerce websites have tie-ups with banks and payment wallet companies and provide special offers and discounts upon using those facilities, this encourages the customer to opt for online payment options over cash on delivery.
Key Segments Covered: -
Online Retail Market
By Product Category Type (Apparel and Footwear, Consumer Electronics, Media Products, Beauty and Personal Care, Consumer Appliances, Consumer Health, Personal Accessories and Eyewear, Food and Drink, Homewares and Home Furnishings, Traditional Toys and Games, Pet Care, Home Improvement & Gardening, Video Games Hardware, Home Care and Other Internet Retailing)
By Type of Device (Mobile and Desktop)
Online Travel Market
By Categories (Intermediary Online Sales and Direct Online Sales)
By Type of Device (Desktop Travel Sales and Mobile Travel Sales)
By Intermediary Online Sales (OTA Online Sales to Residents and Other Travel Intermediaries Online Sales to Residents)
By Intermediaries Corporate Business Online Sales and Intermediaries Leisure Online Sales
By Direct Online Sales to Residents (Airlines Direct Online Sales, Lodging Direct Online Sales, Car Rental Online Sales and Other Transport Direct Online Sales)
By Intermediary Corporate Business Online Sales (Air Online Sales Only, Lodging Online Sales Only, Car Rental Online Sales Only, Transport Online Sales Only and and Other Online Sales Only)
By Intermediary Leisure Online Sales (Package Holidays Online Sales Only, Air Online Sales Only, Lodging Online Sales Only, Cruise Online Sales Only, Car Rental Online Sales Only, Other Transport Online Sales Only and Other Online Sales Only)
Snapshot on Online Payment Gateways Market
Key Target Audience: -
Online Retail Companies
Third Party Websites of Online Retail
Online Travel Companies
Online Payment Gateway Platforms
Government Association
Government Agencies
Private Equity and Venture Capitalist Firms
Time Period Captured in the Report:
Historical Period: 2013-2018
Forecast Period: 2018-2023E
Companies Covered:
Taiwan Online Retail Market:
Momoshop (Fubon Group)
PCHome Online
Sea Ltd. (Shopee)
President Chain Store Corp
Apple Inc
Eastern Media International Corp
Rakuten Inc.
A.S. Watson Retail (HK) Ltd.
Far Eastern Department Stores Ltd.
Yahoo! Inc.
Taiwan Online Travel Market:
Lion Travel Service Co. Ltd.
Cola Tours Group
Ez Travel Co. Ltd.
South East Travel Service Co. Ltd.
Agoda Co. Pte Ltd.
Taiwan Online Payment Gateway Market:
ECPay
NewebPay
PayPal
PayDollar (AsiaPay)
Pay2Go
Key Topics Covered in the Report: -
Executive Summary
Research Methodology
Taiwan E-Commerce Industry Overview
Taiwan Online Retail Market Overview and Genesis (Business Cycle Graph)
Taiwan Online Retail Market Size, 2012-2018
Business Models in Taiwan Online Retail Market
Taiwan Online Retail Market Segmentation
Competitive Scenario in Taiwan Online Retail Market
Company Profiling of Major Players in Taiwan Online Retail Market
Trends and Developments in Taiwan Online Retail Market
Issues and Challenges in the Taiwan Online Retail Market
Government Regulations in the Taiwan Online Retail Market
Taiwan Online Retail Market Future Outlook and Projections, 2018-2023E
Analyst Recommendations for Taiwan Online Retail Market
Taiwan Online Travel Market Overview and Genesis
Taiwan Online Travel Market Size, 2013-2018
Business Models in Taiwan Online Travel Market
Taiwan Online Travel Market Segmentation, 2013-2018
Competitive Scenario of Taiwan Online Travel Market, 2013-2018
Company Profiling of Major Companies in Taiwan Travel Intermediaries Market
Trends and Developments in Taiwan Online Travel Market
Issues and Challenges in Taiwan Online Travel Market
Government Regulations in the Taiwan Online Travel Market
Taiwan Online Travel Market Future Projections and Outlook, 2018-2023E
Analyst Recommendations for Taiwan Online Travel Market
Snaspshot on Taiwan Online Payment Gateways Market (Overview and Genesis, Market Size, Government Regulations, Trends and Development, Issues and Challenges and Competitive Scenario, Business Models of Online Payment Gateways and Company Profile of Major Players)
For More Information on the Research Report, refer to below links: –
Taiwan E-Commerce Industry Growth
Related Reports by Ken Research: –
UK E-Commerce Market Outlook to 2025 – Online Retail (By Product Categories, By Desktop and Mobile Transaction Type, By Gender and By Mode of Payment); Online Travel (By Intermediary and Direct Online Sale and By Desktop and Mobile Booking Type); Online Advertising (By Desktop and Mobile Ad Spend, By Type of Advertising, By Type of Display Advertising, By Sectors and By Advertising Model); Online Movie Ticket Booking; Video Streaming; Music Streaming and Online Gambling
Singapore Online Advertising Market Outlook to 2023 – By Type (Search Ads, Social Media Ads, Video Ads, Banner Ads, Online Classifieds And Others), By Type Medium (Desktop, Mobile), By Sectors (FMCG, Entertainment & Media, BFSI, Automotive, Retail, Healthcare And Others) And By Models (Cost Per Click, Cost Per Mile And Cost Per Action)
Taiwan Online Advertisement Outlook to 2023 – By Medium (Desktop and Mobile), Type (Display, Video, Search, Buzz / Content and Others), By Sectors (FMCG, Healthcare, Entertainment & Media, Finance and Financial Insurance, E-Commerce and Others), and By Cost Model (CPC, CPM and CPA)
Contact Us: –
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249