Why Online Baby Products Retailing is a Top Business Sector
Major factor driving the online baby products retailing market is the easy payment option provided to the users. Others factors includes: can be accessed easily, provides 24/7 customer support, has easy refund policies, and lower prices. Such factors are encouraging the online sales of baby products and has increased the confidence of customers in online distribution channel. Online retailers provide several payment options such as e-wallets, COD (cash on delivery), credit cards, and internet banking facilities which is expected to fuel the growth of market during the forecast period.
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Online baby product retailers are partnering with payment service providers for easy transaction processing, providing various channels to make payments, thus, ultimately enhancing the overall shopping experience of the users. Such growth strategy is likely to boost the growth of the market and drive the market at a CAGR of more than 20%, during the forecast period. The market is highly competitive and fragmented due to the presence of large number of market players.
Key companies
Alibaba.com
Amazon.com
Baby Earth
babydash.com.my.
Buy Buy Baby
eBay
FirstCry.com.
Saks Fifth Avenue
Tru Kids
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