Warc, 5 March 2013
BERLIN: Italy offers the greatest potential for growth in
the European "teleshopping" market, a category being reshaped by the
rise of tablets and smartphones, a study has claimed.
The Future of TV Shopping, was commissioned by the European
Retailing Association from strategic consultancy Goldmedia, and looked at live
shopping, auction television, direct response TV and travel shopping across the
four leading markets of France, Germany, Italy and the UK.
It found that in these countries, teleshopping generated
sales of €3.8bn in 2011 and forecast this total would rise to €5.3bn by 2017.
Italy offers the greatest growth potential, with Goldmedia
suggesting the market there could increase 115%, from an admittedly low base of
€420m, to reach €905m in 2017.
The next fastest growing market is Germany, which is also
the biggest. It is predicted to grow 43% between 2011 and 2017, by when it will
be worth €2.4bn.
The UK is the second largest market, worth €1.4bn in 2011 and
expected to expand 19% to €1.7bn over the following six years.
The study also revealed that the UK offers the widest range
of suppliers, with 31 providers employing some 5,500 people.
That number was almost half the total number of 68 vendors
found across all four markets.
France is the smallest market and the one showing least
potential. Turnover there was just €230m in 2011 and future growth is expected
to be slight, largely because of regulatory reasons.
While TV is still the main teleshopping medium, its
dominance is likely to diminish in the future.
In 2011, 68% of revenues came via this channel but by 2017,
sales are forecast to fall to 50%, as the internet, social media, smartphones
and tablets all become more important.
Data sourced from Goldmedia; additional content by Warc
staff
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