The North America Virtual Reality In Retail Market would witness market growth of 26.0% CAGR during the forecast period (2023-2030).
A rapid market expansion is anticipated throughout the forecast period because of the growing trend of VR headsets in the retail sector, which is changing the way customers purchase. Furthermore, a number of companies are seeking to integrate VR shopping into their physical location and website to improve the consumer purchasing experience. The retail industry is changing due to virtual reality, which improves customer experiences and gets above physical limits. Customers may view things in 3D, visually try them on, and explore authentic surroundings because of VR's immersive and engaging shopping experiences.
With the help of this technology, retailers may present their entire product line in a virtual store, easing up physical space and inventory restrictions. The outcome is a convenient and engaging shopping experience that boosts client satisfaction & loyalty and encourages the use of virtual reality in retail. Additional factors include adopting and integrating artificial intelligence (AI), machine learning, and the Internet of Things (IoT) into virtual reality. The organization utilizes these technologies to modify its business. This is anticipated to drive the growth of the market.
The Mexican Online Sales Association reports that in 2021, the domestic eCommerce market was valued at USD 19.7 billion, a 27% increase over 2020. In 2021, there were 57.5 million users of Mexican eCommerce, up 11% from the previous year. In 2020, women made up 51% of Mexican eCommerce users. Based on experts’ estimations, due to improved financial inclusion, streamlined logistics, and elevated digital literacy, Mexico will have around 77.9 million eCommerce consumers by 2025. This region's market is expected to develop as e-commerce becomes increasingly popular.
The US market dominated the North America Virtual Reality In Retail Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,963.5 million by 2030. The Canada market is poised to grow at a CAGR of 28.9% during (2023 - 2030). Additionally, The Mexico market would witness a CAGR of 27.8% during (2023 - 2030).
Based on Application, the market is segmented into Advertising & Marketing, Try-on Solutions, Planning & Designing and Information Systems. Based on Component, the market is segmented into Hardware, Software and Services. Based on Device, the market is segmented into Head Mounted Devices, Gesture Tracking Device and Projectors & Display Wall. Based on Vertical, the market is segmented into Clothing, Consumer Electronics, Food & Beverages and Home Products. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Virtual Reality In Retail Market is Projected to reach USD 20.4 Billion by 2030, at a CAGR of 26.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Matterport, Inc., Scapic Innovations Private Limited (Flipkart Pvt. Ltd,) (Walmart Inc.), FXGear, Inc., Visualise Creative Limited, Panedia Pty Ltd., FireBird VR, KonceptVR LLC, WeMakeVR, Fiebak Medien, and Subvrsive, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Advertising & Marketing
- Try-on Solutions
- Planning & Designing
- Information Systems
By Component
- Hardware
- Software
- Services
By Device
- Head Mounted Devices
- Gesture Tracking Device
- Projectors & Display Wall
By Vertical
- Clothing
- Consumer Electronics
- Food & Beverages
- Home Products
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Matterport, Inc.
- Scapic Innovations Private Limited (Flipkart Pvt. Ltd,) (Walmart Inc.)
- FXGear, Inc.
- Visualise Creative Limited
- Panedia Pty Ltd.
- FireBird VR
- KonceptVR LLC
- WeMakeVR
- Fiebak Medien
- Subvrsive, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Virtual Reality In Retail Market, by Application
1.4.2 North America Virtual Reality In Retail Market, by Component
1.4.3 North America Virtual Reality In Retail Market, by Device
1.4.4 North America Virtual Reality In Retail Market, by Vertical
1.4.5 North America Virtual Reality In Retail Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Virtual Reality In Retail Market by Application
3.1 North America Advertising & Marketing Market by Country
3.2 North America Try-on Solutions Market by Country
3.3 North America Planning & Designing Market by Country
3.4 North America Information Systems Market by Country
Chapter 4. North America Virtual Reality In Retail Market by Component
4.1 North America Hardware Market by Country
4.2 North America Software Market by Country
4.3 North America Services Market by Country
Chapter 5. North America Virtual Reality In Retail Market by Device
5.1 North America Head Mounted Devices Market by Country
5.2 North America Gesture Tracking Device Market by Country
5.3 North America Projectors & Display Wall Market by Country
Chapter 6. North America Virtual Reality In Retail Market by Vertical
6.1 North America Clothing Market by Country
6.2 North America Consumer Electronics Market by Country
6.3 North America Food & Beverages Market by Country
6.4 North America Home Products Market by Country
Chapter 7. North America Virtual Reality In Retail Market by Country
7.1 US Virtual Reality In Retail Market
7.1.1 US Virtual Reality In Retail Market by Application
7.1.2 US Virtual Reality In Retail Market by Component
7.1.3 US Virtual Reality In Retail Market by Device
7.1.4 US Virtual Reality In Retail Market by Vertical
7.2 Canada Virtual Reality In Retail Market
7.2.1 Canada Virtual Reality In Retail Market by Application
7.2.2 Canada Virtual Reality In Retail Market by Component
7.2.3 Canada Virtual Reality In Retail Market by Device
7.2.4 Canada Virtual Reality In Retail Market by Vertical
7.3 Mexico Virtual Reality In Retail Market
7.3.1 Mexico Virtual Reality In Retail Market by Application
7.3.2 Mexico Virtual Reality In Retail Market by Component
7.3.3 Mexico Virtual Reality In Retail Market by Device
7.3.4 Mexico Virtual Reality In Retail Market by Vertical
7.4 Rest of North America Virtual Reality In Retail Market
7.4.1 Rest of North America Virtual Reality In Retail Market by Application
7.4.2 Rest of North America Virtual Reality In Retail Market by Component
7.4.3 Rest of North America Virtual Reality In Retail Market by Device
7.4.4 Rest of North America Virtual Reality In Retail Market by Vertical
Chapter 8. Company Profiles
8.1 Matterport, Inc.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Research & Development Expenses
8.1.4 Recent strategies and developments:
8.1.4.1 Partnerships, Collaborations, and Agreements:
8.2 Scapic Innovations Private Limited (Flipkart Pvt. Ltd,) (Walmart Inc.)
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.3 FXGear, Inc.
8.3.1 Company Overview
8.3.2 Recent strategies and developments:
8.3.2.1 Product Launches and Product Expansions:
8.4 Visualise Creative Limited
8.4.1 Company Overview
8.5 Panedia Pty Ltd.
8.5.1 Company Overview
8.6 FireBird VR
8.6.1 Company Overview
8.7 KonceptVR LLC
8.7.1 Company Overview
8.8 WeMakeVR.
8.8.1 Company Overview
8.9 Fiebak Medien
8.9.1 Company Overview
8.10. Subvrsive, Inc.
8.10.1 Company Overview
TABLE 1 North America Virtual Reality In Retail Market, 2019 - 2022, USD Million
TABLE 2 North America Virtual Reality In Retail Market, 2023 - 2030, USD Million
TABLE 3 North America Virtual Reality In Retail Market by Application, 2019 - 2022, USD Million
TABLE 4 North America Virtual Reality In Retail Market by Application, 2023 - 2030, USD Million
TABLE 5 North America Advertising & Marketing Market by Country, 2019 - 2022, USD Million
TABLE 6 North America Advertising & Marketing Market by Country, 2023 - 2030, USD Million
TABLE 7 North America Try-on Solutions Market by Country, 2019 - 2022, USD Million
TABLE 8 North America Try-on Solutions Market by Country, 2023 - 2030, USD Million
TABLE 9 North America Planning & Designing Market by Country, 2019 - 2022, USD Million
TABLE 10 North America Planning & Designing Market by Country, 2023 - 2030, USD Million
TABLE 11 North America Information Systems Market by Country, 2019 - 2022, USD Million
TABLE 12 North America Information Systems Market by Country, 2023 - 2030, USD Million
TABLE 13 North America Virtual Reality In Retail Market by Component, 2019 - 2022, USD Million
TABLE 14 North America Virtual Reality In Retail Market by Component, 2023 - 2030, USD Million
TABLE 15 North America Hardware Market by Country, 2019 - 2022, USD Million
TABLE 16 North America Hardware Market by Country, 2023 - 2030, USD Million
TABLE 17 North America Software Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Software Market by Country, 2023 - 2030, USD Million
TABLE 19 North America Services Market by Country, 2019 - 2022, USD Million
TABLE 20 North America Services Market by Country, 2023 - 2030, USD Million
TABLE 21 North America Virtual Reality In Retail Market by Device, 2019 - 2022, USD Million
TABLE 22 North America Virtual Reality In Retail Market by Device, 2023 - 2030, USD Million
TABLE 23 North America Head Mounted Devices Market by Country, 2019 - 2022, USD Million
TABLE 24 North America Head Mounted Devices Market by Country, 2023 - 2030, USD Million
TABLE 25 North America Gesture Tracking Device Market by Country, 2019 - 2022, USD Million
TABLE 26 North America Gesture Tracking Device Market by Country, 2023 - 2030, USD Million
TABLE 27 North America Projectors & Display Wall Market by Country, 2019 - 2022, USD Million
TABLE 28 North America Projectors & Display Wall Market by Country, 2023 - 2030, USD Million
TABLE 29 North America Virtual Reality In Retail Market by Vertical, 2019 - 2022, USD Million
TABLE 30 North America Virtual Reality In Retail Market by Vertical, 2023 - 2030, USD Million
TABLE 31 North America Clothing Market by Country, 2019 - 2022, USD Million
TABLE 32 North America Clothing Market by Country, 2023 - 2030, USD Million
TABLE 33 North America Consumer Electronics Market by Country, 2019 - 2022, USD Million
TABLE 34 North America Consumer Electronics Market by Country, 2023 - 2030, USD Million
TABLE 35 North America Food & Beverages Market by Country, 2019 - 2022, USD Million
TABLE 36 North America Food & Beverages Market by Country, 2023 - 2030, USD Million
TABLE 37 North America Home Products Market by Country, 2019 - 2022, USD Million
TABLE 38 North America Home Products Market by Country, 2023 - 2030, USD Million
TABLE 39 North America Virtual Reality In Retail Market by Country, 2019 - 2022, USD Million
TABLE 40 North America Virtual Reality In Retail Market by Country, 2023 - 2030, USD Million
TABLE 41 US Virtual Reality In Retail Market, 2019 - 2022, USD Million
TABLE 42 US Virtual Reality In Retail Market, 2023 - 2030, USD Million
TABLE 43 US Virtual Reality In Retail Market by Application, 2019 - 2022, USD Million
TABLE 44 US Virtual Reality In Retail Market by Application, 2023 - 2030, USD Million
TABLE 45 US Virtual Reality In Retail Market by Component, 2019 - 2022, USD Million
TABLE 46 US Virtual Reality In Retail Market by Component, 2023 - 2030, USD Million
TABLE 47 US Virtual Reality In Retail Market by Device, 2019 - 2022, USD Million
TABLE 48 US Virtual Reality In Retail Market by Device, 2023 - 2030, USD Million
TABLE 49 US Virtual Reality In Retail Market by Vertical, 2019 - 2022, USD Million
TABLE 50 US Virtual Reality In Retail Market by Vertical, 2023 - 2030, USD Million
TABLE 51 Canada Virtual Reality In Retail Market, 2019 - 2022, USD Million
TABLE 52 Canada Virtual Reality In Retail Market, 2023 - 2030, USD Million
TABLE 53 Canada Virtual Reality In Retail Market by Application, 2019 - 2022, USD Million
TABLE 54 Canada Virtual Reality In Retail Market by Application, 2023 - 2030, USD Million
TABLE 55 Canada Virtual Reality In Retail Market by Component, 2019 - 2022, USD Million
TABLE 56 Canada Virtual Reality In Retail Market by Component, 2023 - 2030, USD Million
TABLE 57 Canada Virtual Reality In Retail Market by Device, 2019 - 2022, USD Million
TABLE 58 Canada Virtual Reality In Retail Market by Device, 2023 - 2030, USD Million
TABLE 59 Canada Virtual Reality In Retail Market by Vertical, 2019 - 2022, USD Million
TABLE 60 Canada Virtual Reality In Retail Market by Vertical, 2023 - 2030, USD Million
TABLE 61 Mexico Virtual Reality In Retail Market, 2019 - 2022, USD Million
TABLE 62 Mexico Virtual Reality In Retail Market, 2023 - 2030, USD Million
TABLE 63 Mexico Virtual Reality In Retail Market by Application, 2019 - 2022, USD Million
TABLE 64 Mexico Virtual Reality In Retail Market by Application, 2023 - 2030, USD Million
TABLE 65 Mexico Virtual Reality In Retail Market by Component, 2019 - 2022, USD Million
TABLE 66 Mexico Virtual Reality In Retail Market by Component, 2023 - 2030, USD Million
TABLE 67 Mexico Virtual Reality In Retail Market by Device, 2019 - 2022, USD Million
TABLE 68 Mexico Virtual Reality In Retail Market by Device, 2023 - 2030, USD Million
TABLE 69 Mexico Virtual Reality In Retail Market by Vertical, 2019 - 2022, USD Million
TABLE 70 Mexico Virtual Reality In Retail Market by Vertical, 2023 - 2030, USD Million
TABLE 71 Rest of North America Virtual Reality In Retail Market, 2019 - 2022, USD Million
TABLE 72 Rest of North America Virtual Reality In Retail Market, 2023 - 2030, USD Million
TABLE 73 Rest of North America Virtual Reality In Retail Market by Application, 2019 - 2022, USD Million
TABLE 74 Rest of North America Virtual Reality In Retail Market by Application, 2023 - 2030, USD Million
TABLE 75 Rest of North America Virtual Reality In Retail Market by Component, 2019 - 2022, USD Million
TABLE 76 Rest of North America Virtual Reality In Retail Market by Component, 2023 - 2030, USD Million
TABLE 77 Rest of North America Virtual Reality In Retail Market by Device, 2019 - 2022, USD Million
TABLE 78 Rest of North America Virtual Reality In Retail Market by Device, 2023 - 2030, USD Million
TABLE 79 Rest of North America Virtual Reality In Retail Market by Vertical, 2019 - 2022, USD Million
TABLE 80 Rest of North America Virtual Reality In Retail Market by Vertical, 2023 - 2030, USD Million
TABLE 81 Key Information – Matterport, Inc.
TABLE 82 Key Information – Scapic Innovations Private Limited
TABLE 83 Key Information –FXGear, Inc.
TABLE 84 Key Information – Visualise Creative Limited
TABLE 85 Key Information –Panedia Pty Ltd.
TABLE 86 Key Information –FireBird VR
TABLE 87 Key Information – KonceptVR LLC
TABLE 88 Key Information – WeMakeVR.
TABLE 89 Key Information – Fiebak Medien
TABLE 90 Key Information – Subvrsive, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Virtual Reality In Retail Market share by Application, 2022
FIG 3 North America Virtual Reality In Retail Market share by Application, 2030
FIG 4 North America Virtual Reality In Retail Market by Application, 2019 - 2030, USD Million
FIG 5 North America Virtual Reality In Retail Market share by Component, 2022
FIG 6 North America Virtual Reality In Retail Market share by Component, 2030
FIG 7 North America Virtual Reality In Retail Market by Component, 2019 - 2030, USD Million
FIG 8 North America Virtual Reality In Retail Market share by Device, 2022
FIG 9 North America Virtual Reality In Retail Market share by Device, 2030
FIG 10 North America Virtual Reality In Retail Market by Device, 2019 - 2030, USD Million
FIG 11 North America Virtual Reality In Retail Market share by Vertical, 2022
FIG 12 North America Virtual Reality In Retail Market share by Vertical, 2030
FIG 13 North America Virtual Reality In Retail Market by Vertical, 2019 - 2030, USD Million
FIG 14 North America Virtual Reality In Retail Market share by Country, 2022
FIG 15 North America Virtual Reality In Retail Market share by Country, 2030
FIG 16 North America Virtual Reality In Retail Market by Country, 2019 - 2030, USD Million