<Markets for product search sites.
Summary.
Estimated markets for product search sites.
Global - $3.7 billion (2004). By 2005 - $52.5 billion.
Breakdown by geographic area.
US - $1.99 billion (2003). $3.47 billion (2010)
Canada - $29.4 million (2004). $128 million (2008)
Europe ? E420 million (2004). E1.05 billion (2008). E1.75 billion (2009).
Asia-Pacific - $86 million (2001). $399 million (2004)
China - $5.32 million (2003). $10.65 million (2004).
Australia - $63 million (2004). $105 million (2005).
Brazil - $168 million (2003).
-------------------------------------------------
References.
Growth in the use of shopping-comparison sites.
According to Nielsen/NetRatings, 9% of the web population used
shopping comparison sites in 2002. In 2003, the figure rose to 15%.
http://news.com.com/Yahoo+to+launch+product+comparison+service/2100-1024_3-5080009.html
In the US, online shopping is a $95 billion market. Online purchases
account for 1.5 percent of all shopping. According to Forrester
Research in five years online shopping will account for 10 percent of
all shopping. (Source: NBC11.com.)
Current market and prospects for growth of shopping comparison sites.
Tamim Mourad, CEO of PriceGrabber estimates that the big four
shopping-comparison sites earnt $150 million to $200 million in
combined revenue in 2003 and that revenue will double in 2004 and
continue to grow for years.
According to Nielsen/Net Ratings, about 21 million U.S. Internet
visitors visited one or more comparison sites last August ? up 34%
from the previous year.
15% of people who buy online use shopping comparison sites.
Sending $1 billion of business to online shopping sites earns
shopping.com $70 million.
From these figures it is possible to get an estimate of the 2003 US
market for shopping comparison sites.
Online shopping = $95 billion
Percentage using shopping comparison sites = 15
$1 billion of business sent to shopping sites earns comparison
shopping sites $70 million.
15% of $95 billion is $14.25 billion.
14.25 x 70 = $997.5 million.
Based on these figures, the market for shopping comparison sites in
2003 was an estimated $997.5 million in 2003.
With a doubling of revenues in 2004 as predicted by Nirav Tolia of
shopping.com, this puts the 2004 market at an estimated $1.99 billion.
http://www.businessweek.com/technology/content/nov2003/tc20031125_1528_tc136.htm
A survey carried out by Shop.org and Biz.rate found that 17% of
retailers rated listing on shopping portals as the most successful
promotions during the 2003 holiday season.
This site also gives figures for the unique audience and growth rates
for the top 5 shopping comparison sites. (Source emarketer Inc.)
http://banners.noticiasdot.com/termometro/boletines/docs/consultoras/emarketer/2004/0504/emarketer_130504.pdf
By 2010 online sales will reach $331 billion in the US. (Source: US
eCommerce Overview: 2004 To 2010 by Carrie A. Johnson.)
In 2004 Europe?s eCommerce retail sales will reach E40 billion.
(Source: Europe?s eCommerce: The Next Five Years. By Hellen
K.Omwando.)
Canadian ecommerce sales will grow from $2.8 billion in 2003 to $12.2
billion in 2008. (Source: Sizing The Canadian eCommerce Market by
Carrie A. Johnson.)
http://www.forrester.com/findresearch/results?geo=0&dAg=730&N=50067+105+201
Western European Ecommerce to reach E100 billion by 2008. (Source:
Jupiter Research.)
http://www.clickz.com/stats/sectors/retailing/article.php/3285861
According to Forrester Research, the European online retail market is
expected to grow from 40 billion Euros in 2004 to 167 billion Euros by
2009.
http://shopping.kelkoo.co.uk/b/a/co_5230_128501_yahoo_to_acquire_kelkoo.html
Online retail sales reached $144 billion in 2004 in the U.S. (Source:
Washington Retail Association.)
http://www.retailassociation.org/
China?s online shopping market was worth $507.5 million in 2003 and is
expected to double in 2004. (Source: Shanghai Research.)
http://www.internetworldstats.com/asia/cn.htm
Australians spent in excess of $6 billion shopping online in 2004 and
are predicted to rise to $10 billion in 2005.(Source: Visa Australia.)
http://netratings.newstrove.com/
Worldwide, online buyers spent $354 billion in 2004 and are predicted
to spend $5 trillion by 2005. (Source: Internet Shopping Heading for
Trillions.Rick Perera. IDG News Service.)
http://pcworld.about.com/news/May292001id51084.htm
Ecommerce revenues in the Asia-Pacific region were $76.8 billion in
2004 and are anticipated to rise to $338.5 billion by 2004. (Source:
Market Research.com.)
http://www.marketresearch.com/map/cat/622.html
In the Asia-Pacific region business to consumer sales were $8.2
billion in 2001 and predicted to rise to $38 billion in 2004. (Source:
emarketer.)
http://www.emarketer.com/Report.aspx?asia_ecom
In Brazil, business to consumer ecommerce revenues reached $16 billion
in 2003. (Source: Top US Export Prospects.)
http://www.focusbrazil.org.br/ccg/L_prospects.html
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Market leaders.
According to Hitwise, the market share of visits to the top comparison
shopping sites increased by 22% this year.
The top 11 leaders are:
1. Yahoo! Shopping
2. Bizrate
3. Shopping.com
4. NexTag
5. PriceGrabber
6. MSN eshop
7. Calibex (owned by NexTag)
8. Froogle
9. Dealtime (owned by shopping.com)
10. Price Watch
11. Shopzilla (Bizrate?s new name/service)
(Source: Hitwise.)
http://searchenginewatch.com/searchday/article.php/3440561
SearchEngineWatch gives details of the latest developments at the
shopping search and comparison sites.
Part 1 looks at Bizrate/Shopzilla, Froogle and MSN Shopping.
http://searchenginewatch.com/searchday/article.php/3440591
Part 2 looks at NexTag, PriceGrabber, Shopping.com/Dealtime and Yahoo Shopping.
http://searchenginewatch.com/searchday/article.php/3440601
This article looks at shopping search sites around the world. The
ranking are from Hitwise.
UK market leaders.
1. Kelkoo
2. Dealtime UK
3. MSN eShop
4. Pricerunner
5. Ciao
6. Nex Tag
7. NexTagUK
8. Compare Store Prices
9. Yahoo! Shopping
10. Shop Genie
Australia
1. MSN eShop
2. Yahoo! Shopping
3. Bizrate
4. Price Grabber
5. Epinions
6. NexTag
7. Kelkoo
8. Shopping.com
9. Dealtime
10. Ciao.co.uk
11. Froogle
Hong Kong
1. MSN eShop
2. Yahoo! Shopping
3. NexTag
4. PriceGrabber
5. Kelkoo
6, Shopping.com
7. Bizrate
8. Dealtime
9. epinions.com
10. Ciao.co.uk
http://searchenginewatch.com/searchday/article.php/3440611
This article by Chris Sherman looks at Hispanic shopping search sites.
http://forums.searchenginewatch.com/showthread.php?p=24739&highlight=spanish#post24739
------------------------------------------------------
Company revenues.
Many of the shopping comparison sites are privately held so revenue
figures are not readily available. The following companies have
published their revenue figures.
Shopping.com
2003 sales - $67 million. (Source: Hoover?s Online.)
http://www.hoovers.com/shopping.com/--ID__100495--/free-co-factsheet.xhtml
Financial info
http://www.hoovers.com/shopping.com/--ID__100495--/free-co-fin-factsheet.xhtml
PriceGrabber
Annual sales 2002 - $28 million. (Source: Hoover?s Online.)
http://www.hoovers.com/pricegrabber.com/--ID__121925--/free-co-fin-factsheet.xhtml
DealTime
2003 revenues - $29 million. (Source: Santa Was Good to DealTime. By
Beth Cox. Internetnews.com)
http://64.233.161.104/search?q=cache:ZsR0j7fwtawJ:www.internetnews.com/ec-news/article.php/1570701+%22comparison+shopping+sites%22+revenues&hl=en
Yahoo Shopping generates revenue of $2 million to $5 million a
quarter. (Source: Safa Rashtchy.)
http://www.otwa.com/community/archive/index.php/t-8486.html
Kelkoo.
Kelkoo is Europe?s leading shopping search engine. It was founded in
1999 and has been profitable since 2002.
2003 revenue - 42.5 million Euros.
2002 revenue ? 15.3 million Euros.
(Source: Yahoo !)
http://carsearch.yahoo.co.uk/b/a/co_4974_128501_trade_releases_annual_record_results.html
In 2004 Kelkoo was bought by Yahoo! for $579 million. (Source: Yahoo
says bienvenue to Kelkoo. March 26, 2004. CNET News.com)
http://news.com.com/Yahoo+says+bienvenue+to+Kelkoo/2100-1038_3-5179775.html>
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<Additional links:>
<Can Comparison Shopping Sites Compete?
Analyst report from emarketer, published May 13, 2004.>
<http://itresearch.forbes.com/detail/RES/1084471309_627.html>
<Search engine advertising market $5 billion by 2006.>
<http://www.searchenginelowdown.com/2003/10/search-engine-market-to-reach-5.html>
<ValueClick buys PriceRunner. (Rank for $ales. August 5, 2004.)>
<http://www.rankforsales.com/n-ax/698-seo-aug-05-04.html>
<Search strategy:>
<"shopping comparison sites" market billion>
<://www.google.com/search?hl=en&lr=&q=%22shopping+comparison+sites%22+market+billion>
<"comparison shopping sites" revenues million>
<://www.google.com/search?hl=en&lr=&q=%22comparison+shopping+sites%22+revenues+million>
<"shopping comparison sites">
<://www.google.com/search?hl=en&lr=&q=%22shopping+comparison+sites%22+>
<"online shopping" trillion>
<://www.google.com/search?hl=en&lr=&q=%22online+shopping%22++trillion+>
<hoovers online>
<://www.google.com/search?hl=en&lr=&q=hoovers+online>
<Hope this helps.> |
