Canada Teleshopping Market Grow with a CAGR of 5.87% through 2030F
The Canada Teleshopping market is driven by increasing
internet access, consumer preference for home shopping convenience, mobile
shopping growth, and rising demand for specialized products.
According to
TechSci Research report, “Canada Teleshopping Market – By Region,
Competition, Forecast & Opportunities, 2030F”, the Canada Teleshopping market stood at USD 2.34 Billion
in 2024 and is anticipated to grow USD 4.02 Billion by 2030 with a CAGR 5.87%
during forecast period owing to the flexible payment options, offering consumers
various methods to complete their purchases, increasing convenience and
accessibility. Popular payment methods like credit and debit cards, digital
wallets, and even Cash on Delivery (COD) ensure that a wide range of customers
can participate in teleshopping, including those who may not have access to
online payment systems. COD is especially appealing to consumers who prefer to
pay only after receiving their products, reducing the perceived risk of online
shopping. The availability of diverse payment methods caters to a broad
consumer base, enhancing the overall shopping experience and contributing to
the growth of the teleshopping market in Canada.
The Canada Teleshopping market is driven by the
growing health-conscious across the region, as more consumers prioritize
wellness and fitness in their daily lives. With growing awareness about healthy
living, Canadians are increasingly turning to teleshopping to purchase fitness
equipment, dietary supplements, organic foods, and wellness products.
Teleshopping platforms offer convenience by providing easy access to a wide
variety of health-related products, often with detailed demonstrations and
expert advice. The ability to shop from home, combined with the convenience of
doorstep delivery, appeals to those looking for quick and reliable health
solutions. As health and wellness trends continue to rise, teleshopping
companies are expanding their product offerings to cater to the growing demand
of this health-conscious demographic.
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"Canada Teleshopping Market”
The Canada Teleshopping
market is segmented into product type, payment method, distribution channel and
region.
Based on the payment
method, the Netbanking segment is the fastest growing in the Canada Teleshopping
market. As more consumers prefer online shopping, net banking offers a secure
and convenient way to complete transactions directly from their bank accounts.
The increasing adoption of digital banking services and a higher level of
comfort with online payments have contributed to this growth. Net banking
enables swift payments, reducing the reliance on cash or credit card
transactions, making it an attractive option for both consumers and
teleshopping platforms. The rise of mobile banking also supports the growth of
this segment, allowing consumers to shop easily and securely through their
mobile devices, further boosting its popularity in the Canadian teleshopping market.
Based on the
region, Central Canada is the fastest-growing region in the Canada Teleshopping
market driven by the large, diverse population and the high concentration of
urban centers like Toronto and Montreal, where demand for convenient shopping
solutions is particularly strong. With busy lifestyles, residents in this
region increasingly prefer the time-saving convenience of teleshopping. Also,
high internet penetration and widespread mobile usage in these areas further
support the growth of teleshopping. Central Canada also has a strong consumer
base for various product categories, including health and wellness, home goods,
and electronics, making it a key market for teleshopping growth in Canada.
Major companies
operating in the Canada Teleshopping market are:
- Rakuten Rewards Canada
- HSN Holding LLC
- Teleshop.in,
- Naaptol Online Shopping Private Limited
- High Street TV Limited
- QVC UK
- Shop TJC Limited (Vaibhav Global
Limited)
- John Mills Ltd
- Thane Direct UK Ltd
- Gemporia Craft Limited
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“The Canada Teleshopping
market is expected
to grow in the future owing to the growing population and rising disposable
income across the region. As the Canadian population continues to increase,
especially in urban areas, there is a greater demand for convenient shopping
solutions. Also, rising disposable income allows consumers to spend more on
non-essential goods, including products offered through teleshopping channels.
With more people having the financial means to make discretionary purchases,
the market for health products, home appliances, and luxury items is expanding.
As a result, teleshopping platforms are capitalizing on this demographic shift
by offering a wide range of products tailored to various consumer needs,
further fueling market growth., said Mr. Karan Chechi, Research
Director of TechSci Research, a research-based management consulting firm.
"Canada Teleshopping
Market By Product Type (Home & Kitchen Appliances, Electronics, Health
& Beauty Products, Fashion & Accessories, Food & Beverages,
Others), By Payment Method (Cash on Delivery, Credit Card, Debit Card, Netbanking,
Others), By Distribution Channel (Television, Internet), By Region, Competition, Forecast & Opportunities, 2020-2030F”, has evaluated the future growth potential of Canada
Teleshopping market and provides statistics & information on market size,
structure and future market growth. The report intends 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 in the Canada Teleshopping market.
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