Asia-Pacific Retail Industry - Major Trends, Growth and Opportunities (2020 - 2025)

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Asia-Pacific accounts to more than 50% of World’s population and largest retail market in world. The retail industry in Asia-Pacific continues to maintain its momentum, driven by economic and social developments and population growth. Key factors in the growth of retail industry are robust economic growth, rising population, changing consumer trends, rising purchasing power and penetration of international players. Retail industry in the Asia-Pacific region will expand at a CAGR of 10.2% over 2013-18.

Standing of India during the period is most optimistic, with an expected CAGR of above 16% followed by Indonesia with a CAGR of 14%, China and Vietnam. Other Asia-Pacific nations are expected to register a CAGR of 1% – 12%, least by Japan with a CAGR of less than 2%.

Asia-Pacific retail sector is driven by rising disposable income and consumer confidence. Asia-Pacific retail market has become more robust after the entry of international retail chains. Retail market is badly affected by low GDP per capita and high youth unemployment in developing countries.

Liberal retail policies and removal of trade barriers and restrictions on foreign investment and linkage to World Trade Organization (WTO) are helping the retail sector growth in Asia-Pacific countries. India has recently made its policies liberal which will help in higher growth and will make business easy.

What the report offers

The study elucidates the situation of Asia-Pacific and predicts the growth of its Retail Industry. Report talks about growth, market trends, progress, challenges, opportunities, technologies in use, growth forecast, major companies, upcoming companies and projects etc. in the Retail sector of Asia-Pacific. In addition to it, the report also talks about economic conditions of and future forecast of its current economic scenario and effect of its current policy changes in to its economy, reasons and implications on the growth of this sector. Lastly, the report is segmented by various types’ Retail available in the country.

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