Falling preference for teleshopping and increasing competition from online retail pose a challenge for teleshopping players in the United Kingdom
According to a report released by TechSci Research, “United Kingdom Teleshopping Market By Operation Type, By Category, By Payment Mode, By Source of Order, Competition Forecast & Opportunities, 2013 – 2023”, teleshopping market in the UK is estimated to reach $ 2.14 billion in 2018. Around 88 million orders were placed in the United Kingdom teleshopping market in 2017, and this number is forecast to reach 92.57 million by 2023. Teleshopping companies in the country are facing tough competition from e-commerce players, and consequently, they are making efforts to come up with a wide variety of products at attractive prices and offer alternate order and payment options. Moreover, in order to boost their market share, teleshopping companies are expanding their product portfolio by adding branded products.
Browse 5 market data Tables and 29 Figures spread through 75 Pages and an in-depth TOC on “United Kingdom Teleshopping Market”
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QVC UK Inc., Ideal Shopping Direct Limited, High Street TV (Group) Limited, The Jewellery Channel Limited, Thane Direct UK Ltd., are some of the leading players in the country’s teleshopping market. Dedicated channel segment accounted for the largest share in the United Kingdom teleshopping market in 2017, and the segment is expected to maintain its market dominance in the coming years as well, owing to 24-hour telecast and availability of unique products. In terms of payment mode, Debit/Credit card option dominated the country’s teleshopping market in 2017, backed by high preference of consumers for instant payment mode.
“Teleshopping market in the UK has reached a saturation level and is facing stiff competition from the e-commerce industry. To revive the country’s teleshopping market, companies operating in the industry are launching their own online websites and mobile applications to provide comfort, ease of search and flexible payment options to consumers. Moreover, by offering products at discounted prices and with promotional offers, teleshopping companies in the UK are focusing on attracting more consumer eyeballs to counter the competition emanating from the e-commerce industry.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
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“United Kingdom Teleshopping Market By Operation Type, By Category, By Payment Mode, By Source of Order, Competition Forecast & Opportunities, 2013 – 2023” has evaluated the future growth potential of teleshopping market and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in the United Kingdom teleshopping Market.
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