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Retail Industry is segmented by Product (Food and Beverage and Tobacco Products, Personal and Household Care, Apparel, Footwear, and Accessories, Furniture, Toys, and Hobby, Industrial and Automotive, Electronic and Household Appliances, Pharmaceuticals, Luxury Goods, and Other Products), By Distribution Channel (Hypermarkets and Supermarkets, Specialty Stores, Department Stores, Convenience Stores, E-Commerce, Other Distribution Channels), and by Geography (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa).
2016 - 2026
Fastest Growing Market:
The retail industry is witnessing dramatic changes with changing economic conditions. The economy slowed in 2019, with real GDP growth declining to 1.9% in Q3 from 3.1%in Q1. Personal consumption growth has been steady, on average, but investment growth has weakened.
The retail market is mature and highly competitive in the developed economies of Europe and North America. On the other hand, the developing economies of Asia-Pacific, the Middle East, and Latin America have been instrumental in driving the market growth. Countries, such as Singapore, Malaysia, and Thailand, are popular shopping destinations in the Asia-Pacific region, with visitors contributing substantially to the retail sectors in the respective markets. Tourists are augmenting the demand for products related to fashion, apparel, and electronics.
Consumer spending, which typically accounts for more than two-thirds of the GDP, has been a key indicator of the health of the retail market. Moreover, the increasing strength of online shopping has been a major driver (especially, during the CoVID crisis). Apart from this, the growing smartphone penetration across countries is driving the e-commerce channel. Also, IoT, Augmented Reality, and other disruptive technologies are reshaping the retail industry. However, price variation between online and brick & mortar stores can challenge the retail market growth.
The report on the global retail industry provides a comprehensive evaluation of the market, with an analysis of the segments in the market. The report also focuses on the exhaustive trends in import/export, production and consumption data of the product, cost structures, and manufacturing processes. Moreover, the report also provides competitive profile of the key manufacturers, along with regional analysis.
|Food and Beverage and Tobacco Products|
|Personal and Household Care|
|Apparel, Footwear, and Accessories|
|Furniture, Toys, and Hobby|
|Industrial and Automotive|
|Electronic and Household Appliances|
|Pharmaceuticals, Luxury Goods, and Others|
|By Distribution Channel|
|Hypermarkets and Supermarkets|
|Other Distribution Channels|
|Middle East & Africa|
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Internet retailing is the modern way of shopping. With the growing penetration of smartphones and mobile devices and internet services, e-commerce has emerged as a major shopping platform in the world. The e-commerce retail market is driven by an increasing set of suppliers selling online and a change in the buying behavior of consumers, among others. The rise of online fresh groceries sales along with growing numbers of prepared food delivery companies entering this space could propel category growth by several-fold times in the next five years
Mobile-first sites, dedicated apps, emerging payment methods, and other tools are making shopping on smartphones much easier. Many retailers operate an omnichannel model, which aims to integrate offline and online channels. Asia has some of the biggest retail markets in the world in China, Japan, and India. E-Commerce sales in Q2 2020 accounted for 16.1% of total sales in the US market.
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As rural and urban households witnessed a steady growth of disposable incomes, the spending power of the Chinese population has also increased dramatically and the retail market has matured into one of the largest and still growing consumer markets worldwide. It is highly competitive and diversified, and the market shares of the leading Chinese retail chains were receding over the past few years. In India, government policies, like FDI up to 100% allowed in single-brand retail and FDI up to 51% in multi-brand retail is further expected to fuel up the competition in the country’s retail market.
The growth of the tourism sector in Asia-Pacific countries including Thailand and Indonesia is expected to increase the demand for imported products, especially in the horeca (hotel/restaurant/café) sector. Currently, the region's tourism sector is benefitting from an expanding luxury hotel sector and greater international air connectivity. Additionally, supporting growth in the tourism sector and widespread country-level government-led investments in transport infrastructure are driving the region's growth.
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The retail market is highly competitive with few key players occupying the major market share. The organized retail market has been growing significantly with companies expanding stores and considering the business potential in new areas.
Most of the unorganized retail outlets are increasingly being replaced with big retail hypermarkets, supermarkets, and other retail chains. This is expected to continue on a large scale during the forecast period, which will significantly lead to market growth.
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
2.1 Analysis Methodology
2.2 Research Phases
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain / Supply Chain Analysis
4.5 Porter's Five Force Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Insights on Consumer Buying Behavior in the Market
4.7 Insights on Technological Innovations in the Retail Industry
4.8 Insights on Imports and Exports
4.9 Insights on the Advertising Strategies of the Leading Players Across Segments
4.10 Insights on Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Product
5.1.1 Food and Beverage and Tobacco Products
5.1.2 Personal and Household Care
5.1.3 Apparel, Footwear, and Accessories
5.1.4 Furniture, Toys, and Hobby
5.1.5 Industrial and Automotive
5.1.6 Electronic and Household Appliances
5.1.7 Pharmaceuticals, Luxury Goods, and Others
5.2 By Distribution Channel
5.2.1 Hypermarkets and Supermarkets
5.2.2 Specialty Stores
5.2.3 Department Stores
5.2.4 Convenience Stores
5.2.6 Other Distribution Channels
5.3 By Geography
5.3.1 North America
5.3.4 Latin America
5.3.5 Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.8 Home Depot
7. FUTURE AND OPPORTUNITIES IN THE MARKET
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