India Showcased Fastest Growth in E-commerce Market: Ken Research

• China's e-Commerce market develops in spite of the monetary slowdown.
• Japan, South Korea and Australia are saturated e Commerce markets.
• Web based retailing is seen as a convenience channel for shopping.

Ken Research announced its latest production on, “Online Retailing in Asia-Pacific, 2015-2020; Market Dynamics, Retail Trends and Competitive Landscape”, which offers vast knowledge on the changing patterns and key issues inside the Asia Pacific Online Retail market. The publication incorporates analysis of the latest trends in online consumer shopping, covering the factors driving web based shopping, consumer bits of knowledge, market progression and reviews of the latest best practice in online retail site design. It likewise gives information for historic and forecast online retail sales. The report covers twelve countries in the Asia Pacific where identified the largest and fastest growing category and furthermore have also covered the competitive landscape of the significant players in the market. It has provided in-depth analysis of the latest trends, market dynamics and key innovations of ten specific categories in retail sector in major countries across the region.

The e-Commerce revenues in five Asia Pacific markets (China, Japan, South Korea, India, and Australia) outperform the consolidated figure for online retail in the US and all of Western Europe, with China and India being the two biggest and the quickest developing e-Commerce markets over the globe. These emerging countries in Asia Pacific are expected to be some of the major drivers of global e-Commerce growth going forward.

India’s online sales are expected to grow more than fivefold as the number of online buyers and per capita online spending increase drastically. India's cash-based culture had posed a huge challenge for e Commerce firms but the initiation of demonetization is going to boom the web based retailing in India, it might take certain months but is expected to grow substantially.

Japan, South Korea and Australia has all of the characteristics of the saturated e commerce market such as high Internet and broadband endorser penetration, an expansive rate of online customers, and high per capita web based spending. In any case, every market has novel attributes that e Commerce leaders working in these business sectors, or pondering about doing so, need to know and consider while creating their offerings.

Web retailing will keep on growing in prevalence among purchasers since it is seen as a convenience channel for shopping. Moreover, web retailers keep on driving deals by offering discounts and rebates which can only be used with customers' cell phone applications or via codes which can be used on the web. In this way, nonstop development of this channel is a post effect of a wide selection of products, an expanding customer base and retailers' own efforts.

To know more on the coverage, tap on the link underneath:

https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/online-retailing-asia-pacific/48909-95.html

Related Reports

https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/online-pureplays-uk-clothing-footwear/55718-95.html

https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/european-air-traveler/55717-95.html

Contact:Ken Research 
Ankur Gupta, Head Marketing & Communications
query@kenresearch.com
+91-124-4230204

Luxury Brands in Digital Space to Boost Retail Industry in America: Ken Research

• The US is the largest luxury merchandise retail market in the Americas
  
• Internet based retailing witness the fastest growth.

Ken Research announced its most recent publication titled “Luxury Goods Retailing in the Americas 2015-2020; Market dynamics, trends and competitive landscape,” offers insights on the market dynamics, current trends and the competitive landscape of the current and forecast market data for luxury goods retail sales in various product categories across the America. The report incorporates a shrewd analysis on market insights in light of consumer and retailer drifts and changing financial and other macroeconomic factors, for example, tourist flows and currency vacillations. In addition, it has the comprehensive knowledge on the market share of the ten fastest growing luxury merchandise retailers in the region and their five year deals and trading redesign analysis, store count investigation, recent key events and outlook. Ultra-high net worth individual (UHNWI) analysis and inbound tourists analysis in selected countries is undertaken. This report Covers nine countries in the America-Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, US and Venezuela which further includes 12 categories, including clothing, consumer electro- nics, footwear, jewellery, watches and accessories, luggage and leather goods, personal care, communication equipment, stationery, tobacco, and others.

Luxury brands in the US stays diverse and aggressive, with both regional and worldwide players present. Worldwide players LVMH Moet Hennessy Louis Vuitton SA, Richemont SA and Kering SA kept up their driving positions, on account of their broad image portfolios, which canvassed most categories in luxury brands. In addition to worldwide players, local affordable luxury brands, such as Ralph Lauren, Michael Kors, Coach, Kate Spade and Tory Burch likewise kept on driving sales in the competitive landscape of US extravagance products. While they are the most desired brands among regional luxury customers, these also pulled in numerous luxury foreign visitors.

The existence of web based retailing and marketing turned out to be critical. Luxury brands and retailers are progressively putting resources into online business to pull in tech-savvy buyers and capture more sales. As luxury brands have a tendency to have less retail outlets than mass brands, web based retailing helps luxury brands to reach both new and existing clients who can't visit physical stores. With the developing penetration of cell phones, m-commerce is likewise turning into a key distribution channel despite the fact that its retail shares stayed little in luxury brands.

It is evaluated that Chinese travellers spent as much as US$117 billion on individual luxury merchandise in 2015, representing 33% of all purchases universally. Of this US$117 billion the only us represented 78% of aggregate abroad utilization by Chinese buyers. High import assesses inside China were a major motivator – a similar luxury handbag can cost a third more in Beijing than in Paris.

To know more on the coverage, click on the link below:

https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/luxury-goods-retailing-americas/48907-95.html

Related Reports

https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/online-pureplays-uk-clothing-footwear/55718-95.html

Contact:

Ken Research 
Ankur Gupta, Head Marketing & Communications
query@kenresearch.com
+91-124-4230204