Global Black Friday Sale Market is Projected to Grow at a CAGR of 15.2% to Reach a Revenue of US$ 1,123.9 Bn by 2032, up from a worth of US$ 273.1 Bn likely in 2022 | Future Market Insights, Inc.

USA - English

• Middle East - English

Black Friday Event has turned out to be a Popular Shopping Extravaganza Garnering up to US$ 271 Billion in Sales around the World. United States accounts for the largest revenue share of the global black Friday sale market. India is predicted to witness the highest CAGR of 37.4% in the black Friday sale market

NEWARK, Del., Nov. 22, 2022 /PRNewswire/ --  As per Future Market Insights (FMI), the global Black Friday sale market net worth is estimated to be around US$ 273.1 Billion in 2022 and is anticipated to expand at a CAGR of 15.2% from 2022 to 2032. The growing popularity of this festive event beyond the United States is expected to drive the market up to US$ 123.9 Billion by 2032.

Black Friday now marks the beginning of a long sale that lasts until Cyber Monday, and it is no longer just a one-day shopping spree. This has solidified itself as a fixture of retail calendars all around the world, significantly altering how consumers purchase in the run-up to Christmas and New Year celebrations.

Request a Report Sample to Gain Comprehensive Insights@ https://www.futuremarketinsights.com/reports/sample/rep-gb-15813

The global market for Black Friday sales has changed over the past decade due to a rise in instant internet buying, a decline in purchasing at public outlets following the pandemic years, and a widespread awareness that not all bargains are as amazing as they seem. Customers' reluctance to enter crowded stores, in particular, presents a huge limitation for businesses that supply goods and merchandise according to those of their target market expectations.

The overall sales fell just short of the previous record in 2020 at $8.9 billion. Some speculate that this was due to the pandemic's lasting effects of out-of-stock products, extended shipping times, etc., as well as earlier online sales that may have taken some of the steam. Global, as well as regional retailers aiming to make a fortune out of Black Friday sale events, must deal with these quick-changing adjustments if they want to fully benefit from the shopping season.

Key Takeaways from the Black Friday Sale Market Study

• Based on product type, clothing goods are figured out to be the dominating segment contributing to almost 51% of the sales, followed by consumer appliances contributing nearly 24%.
• According to consumer orientation, market players mostly target the Gen-Z buyer segment, which is responsible for approximately 48% of the overall sales achieved globally. While millennial buyers also make up a substantial part of the market by contributing a market share of 28%.
• In the end-user category of the market report, men were found to be the major buyers during the Black Friday sale event, with overall sales of this segment amounting up to 48% of the overall sales.
• On the basis of sales channels, online sales are presently the prominent mode for Black Friday deals. This segment has exhibited constant growth over the past few years against in-store distribution channels and will capture almost 69% of the market share in 2022.

For any Queries Linked with the Report, Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-15813 

Competitive Landscape for the Black Friday Sale Market

Amazon, Walmart, Target, Macy's, Best Buy, Puma, John Lewis, Luxe Strap, New Egg, eBay, Apple, H&M, Zara, Go Daddy, Adidas, and Big Rock among others are some of the major players in the global Black Friday sale market.

Key Segments

By Product Type:

• Clothing
• Footwear
• Beauty & Personal Care
• Consumer Electronics
• Consumer Appliances
• Accessories
• Books
• Toys & Games
• Jewellery
• Gift Cards
• Others

By Consumer Orientation:

• Baby Boomers
• Millennials
• Gen-Z
• Gen-X
• Others

By End User:

• Men
• Women
• Kids

By Sales Channel:

• In-store
• Online Sales

By Region:

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

Recent Developments in the Global Black Friday Sale Market

• Throughout Black Friday and the Thanksgiving holiday, Walmart offers its third Black Friday Deals for Days promotion as its stores are closed on Turkey Day. Online sales start the previous day and continue through the week in-store. Walmart also provides early access to its customers which is available from a few years before the peak hours.

Click on the Below Link to Buy this Report@ https://www.futuremarketinsights.com/checkout/15813

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

Report Preview@ https://www.futuremarketinsights.com/reports/black-friday-sale-market

Explore Wide-Ranging Coverage of FMI's of Consumer Product Insights

Massage Guns Market Size: The global massage guns market valuation is estimated to reach US$ 509.0 Mn in 2022.

Gym Apparel Market Share: The gym apparel market is predicted to grow at a moderate CAGR of 6.2% during the forecast period of 2022 to 2032.

Plus Size Clothing Market Trend: The plus size clothing market is anticipated to register a CAGR of 5.7% during the forecast period.The plus size clothing market is valued at US$ 601.7 Bn in 2022 and is projected to reach US$ 1,044.3 Bn by 2032.

Pre-Shave Care Market Forecast: The global pre-shave care market is estimated to reach US$ 7.9 Bn  in 2022. Sales of pre-shave care products will increase at a 5.3% CAGR, pushing the market size to US$ 13.4 Bn by 2032. Share of pre-shave care market is approximately 45-48% in the global shaving care market. 

Freestanding Large Cooking Appliance Market Analysis: The freestanding large cooking appliance market is estimated at US$ 19,494.8 Mn in 2022 and is projected to reach US$ 29,700.4 Mn by 2032

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact:

Future Market Insights Inc.   
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA  
T: +1-845-579-5705  
For Sales Enquiries: [email protected]

Logo: https://mma.prnewswire.com/media/1197648/FMI_Logo.jpg

SOURCE Future Market Insights