According to a recent market study published by Growth Market Reports, titled, "Global Price Comparison Websites (PCWs) Market by Type, By Platform, By Application and by Regions: Size, Share, Trends and Opportunity Analysis, 2022-2031", the market was valued at USD 109.7 Million in 2022 and is expected to grow at a healthy growth rate of 12.8 % by the year 2031.

The global Price Comparison Websites (PCWs) Market is anticipated to grow significantly during the forecast period. Advancements in Technology, Product availability on eCommerce sites, Increasing demand for price comparison websites from customers and retailers alike, due to increased awareness about online shopping are some of the factors contributing to market growth.

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The global Price Comparison Websites (PCWs) Market has been segmented based on Market Type, Platform, Application and region. In terms of Type, the Price Comparison Websites (PCWs) market is categorized as Electronic Products, Retail Products, Travel, Financial and Others.

Based on Platform, the market is categorized as Mobile and Web-based. Based on Application, the market is categorized as Personal and Commercial. By region, the global Price Comparison Websites (PCWs) market is segmented as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA).

Price comparison websites' benefits to consumers and suppliers, such as customer convenience and new prospective clients for suppliers to tap into, are likely to fuel the growth of the worldwide price comparison websites market. Furthermore, these websites help customers find better bargains to buy any product by comparing it with others and allowing them to make an informed decision while saving money, which is expected to boost the growth of the worldwide price comparison websites market.

Furthermore, getting the cheapest pricing is a time-consuming effort that entails duties such as phoning customer service with questions and attempting to locate the correct information to compare items, both of which can take time. Price comparison websites aggregate all data in one location, allowing buyers to readily compare items before purchasing. This is a primary aspect that is expected to fuel the global price comparison websites market's growth.

Furthermore, price comparison websites provide user with a variety of options while purchasing items, which is predicted to support the expansion of the worldwide price comparison websites market.

As per Growth Market Reports industry analyst Akash Vedpathak, The Price Comparison Websites (PCWs) market has mixed impacted by the outbreak of COVID-19. As the pandemic had both positive and negative effects on the demand and supply of these cameras.

Key Takeaways from the Study:

  • The players include Hangzhou Hikvision Digital Technology Co., Ltd., Logitech, Zhejiang Dahua Technology Co., Ltd., Robert Bosch GmbH, Canon, Inc., THE INFINOVA GROUP, Teledyne FLIR LLC, Panasonic Holdings Corporation, Tiandy Technologies Co., Ltd., Honeywell International Inc., Legrand AV Inc., CP PLUS International, Sony Group Corporation, Vicon Industries, MOBOTIX AG, Matrix Comsec, AVONIC, Bolin Technology, ACTi Corporation, Synectics plc., Marshall Electronics, Inc., GeoVision Inc.

  • The market in North America is projected to expand at a significant share during the forecast period. Rising internet penetration and the growing trend of online shopping in North America are driving the Price Comparison Websites (PCWs) market in North America.

  • The market in Europe is projected to expand at a significant CAGR during the forecast period. Price comparison websites with improved website functionalities, user interfaces, and data analysis capabilities are gaining significant momentum in Europe, thus boosting the Price Comparison Websites (PCWs) market in the region.

  • The market in Asia Pacific is projected to expand at a significant CAGR during the forecast period. Exponential growth of the e-commerce sector, internet penetration, and rapid urbanization in the region are contributing to the growing popularity of price comparison websites, thus boosting the market.

  • In terms of Type, the Price Comparison Websites (PCWs) market is segmented into Electronic Products, Retail Products, Travel, Financial, and Others. The Retail Products segment is projected to expand at significant share during the forecast period, this is due to the retail products industry being diverse and dynamic, offering a wide range of products and services to customers across different segments and channels, Price comparison websites help customers to find the best deal, compare features, quality, performance, efficiency and service of different retail products from various suppliers.

Price Comparison Websites (PCWs) Market Report Scope:

Report Metric

Details

Market Value in 2022

USD 109.7 Million

Market Growth Rate (from 2022 to 2031)

12.8 %

Historical Data

2016-2021

Base Year

2022

Forecast Period

2023 – 2031

Market Segments

Type, Platform, Application and Regions.

Region Scope

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA)

Key Companies Profiled

Amazon.com, Inc., Connexity, Inc., DealNews, eBay Inc., Google Shopping, Monolith Technologies, Inc., Price Technologies Inc., PriceGrabber.com, Inc., PriceOye, PriceRunner International AB, Shopzilla, Inc., TTPM

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

 

Target Audience:

  • Demand Side: Individuals, E-commerce Websites, Frequent Travelers, Homeowners, and Others.

  • Regulatory Side: Insurance Regulatory and Development Authority of India (IRDAI), Securities and Exchange Board of India (SEBI), Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of the Currency (OCC), European Banking Authority (EBA).