Retail Industry Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Retail Industry Report is Segmented by Products (Food, Beverages, and Grocery, Personal and Household Care, Apparel, Footwear and Accessories, Furniture, Toys and Hobby, Electronic and Household Appliances, and Other Products), by Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, and Department Stores, Specialty Stores, Online, and Other Distribution Channels), and by Geography by (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The Report Offers Market Size and Forecasts for the Retail Market in Value (USD) for all the Above Segments.

Retail Industry Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Retail Market Size

Retail Industry (2024 - 2029)
Study Period 2020 - 2030
Base Year For Estimation 2024
Market Size (2025) USD 35.18 Trillion
Market Size (2030) USD 50.86 Trillion
CAGR (2025 - 2030) 7.65 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Retail Industry Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Retail Industry with other markets in Retail Industry

General Retail

Retail Stores

Travel Retail

Retail Market Analysis

The Retail Industry is expected to grow from USD 35.18 trillion in 2025 to USD 50.86 trillion by 2030, at a CAGR of 7.65% during the forecast period (2025-2030).

Retail is a broad and dynamic sector that includes many enterprises, from big-box retailers to conventional brick-and-mortar establishments and everything in between. The retail industry is undergoing a tremendous transition because of changing consumer tastes, technological improvements, and market trends shaping an ever-evolving landscape. E-commerce has emerged as a dominant force, fueled by the widespread adoption of digital technologies, mobile commerce, and changing shopping behaviors. Retailers increasingly leverage data analytics, artificial intelligence, and personalized marketing strategies to enhance customer experiences and drive sales.

Furthermore, the COVID-19 pandemic has expedited the transition toward multichannel retailing and online buying, forcing merchants to innovate and adjust in response to shifting customer preferences and needs. Sustainability and social responsibility have also become key considerations for retailers, with consumers increasingly seeking ethically sourced products and environmentally friendly practices. Retailers are improving their supply chain operations to improve efficiency, reduce costs, and meet increasing consumer demands for faster delivery. This includes implementing advanced inventory management systems, last-mile delivery solutions, and warehouse automation. Overall, the global retail industry remains highly competitive and dynamic, with opportunities for growth and innovation amidst evolving consumer trends and market dynamics.

Retail Industry Overview

The retail industry is highly competitive, with various local players operating in the market. To gain a competitive advantage in the industry, competitors are increasing their efforts to collaborate and utilize cutting-edge technology, such as AI and AR. Some of the key players in the market include Walmart Inc., Amazon Inc., Costco Wholesale Corporation, The Home Depot Inc., and JD.com.

Retail Market Leaders

  1. Walmart Inc.

  2. Amazon Inc.

  3. Costco Wholesale Corporation

  4. The Home Depot Inc.

  5. JD.com

  6. *Disclaimer: Major Players sorted in no particular order
Retail Industry Concentration
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Retail Market News

  • October 2023: Amazon announced that it provides online shopping services in South Africa to assist independent retailers in starting, expanding, and growing their enterprises.
  • August 2023: Italian luxury fashion brand Gucci and Chinese e-commerce giant JD.com, popularly known as Jingdong, have partnered digitally. With the launch of a new digital flagship shop on the e-commerce retailer's platform, the partnership will reach a significant milestone.
  • May 2023: Walmart announced the launch of over 28 healthcare facilities in its Walmart Supercenters, providing value-based and dental care services, among others.

Retail Industry Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS AND INSIGHTS

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Rapid Expansion of Urban Areas
    • 4.2.2 Rise of E-commerce and Omnichannel Retailing
  • 4.3 Market Restraints
    • 4.3.1 Supply Chain Complexity
  • 4.4 Market Opportunities
    • 4.4.1 Increasing Focus on Innovative Retail Services
    • 4.4.2 Harnessing Data Analytics for Customer Engagement
  • 4.5 Value Chain Analysis
  • 4.6 Industry Attractiveness: Porter's Five Forces Analysis
    • 4.6.1 Threat of New Entrants
    • 4.6.2 Bargaining Power of Buyers
    • 4.6.3 Bargaining Power of Suppliers
    • 4.6.4 Threat of Substitutes
    • 4.6.5 Intensity of Competitive Rivalry
  • 4.7 Insights into Technological Advancements in the Industry
  • 4.8 Impact of COVID-19 on the Market

5. MARKET SEGMENTATION

  • 5.1 By Product Type
    • 5.1.1 Food, Beverage, and Grocery
    • 5.1.2 Personal and Household Care
    • 5.1.3 Apparel, Footwear, and Accessories
    • 5.1.4 Furniture and Home Decor
    • 5.1.5 Toys, Hobby, and Household Appliances
    • 5.1.6 Pharmaceuticals
  • 5.2 By Distribution Channel
    • 5.2.1 Supermarkets/Hypermarkets
    • 5.2.2 Specialty Stores
    • 5.2.3 Online
    • 5.2.4 Other Distribution Channels
  • 5.3 By Geography
    • 5.3.1 North America
    • 5.3.2 Europe
    • 5.3.3 Asia-Pacific
    • 5.3.4 South America
    • 5.3.5 Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration Overview
  • 6.2 Company Profiles
    • 6.2.1 Walmart Inc.
    • 6.2.2 Amazon Inc.
    • 6.2.3 Costco Wholesale Corporation
    • 6.2.4 The Home Depot Inc.
    • 6.2.5 JD.com Inc.
    • 6.2.6 The Kroger Co.
    • 6.2.7 Walgreens Boots Alliance Inc.
    • 6.2.8 Alibaba Group Holding Limited
    • 6.2.9 Target Corporation
    • 6.2.10 Lowe's Companies Inc.*
  • *List Not Exhaustive

7. FUTURE MARKET TRENDS

8. DISCLAIMER AND ABOUT US

**Subject to Availability
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Retail Industry Segmentation

The retail industry revolves around selling products and services to end users. Retailers buy goods from producers, distributors, or wholesalers and resell them directly to customers via a variety of channels. The retail industry is segmented by product type, distribution channel, and geography. By product type, the market is segmented into food, beverage, and grocery, personal and household care, apparel, footwear, and accessories, furniture and home décor, toys, hobby, and household appliances, and pharmaceuticals. By distribution channel, the market is segmented into supermarkets/hypermarkets, specialty stores, online stores, and other distribution channels (convenience stores and department stores). By geography, the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. The report offers market size and forecasts for the retail market in value (USD) for all the above segments.

By Product Type Food, Beverage, and Grocery
Personal and Household Care
Apparel, Footwear, and Accessories
Furniture and Home Decor
Toys, Hobby, and Household Appliances
Pharmaceuticals
By Distribution Channel Supermarkets/Hypermarkets
Specialty Stores
Online
Other Distribution Channels
By Geography North America
Europe
Asia-Pacific
South America
Middle East and Africa
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Retail Industry Market Research Faqs

How big is the Retail Industry?

The Retail Industry size is expected to reach USD 35.18 trillion in 2025 and grow at a CAGR of 7.65% to reach USD 50.86 trillion by 2030.

What is the current Retail Industry size?

In 2025, the Retail Industry size is expected to reach USD 35.18 trillion.

Who are the key players in Retail Industry?

Walmart Inc., Amazon Inc., Costco Wholesale Corporation, The Home Depot Inc. and JD.com are the major companies operating in the Retail Industry.

Which is the fastest growing region in Retail Industry?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Retail Industry?

In 2025, the North America accounts for the largest market share in Retail Industry.

What years does this Retail Industry cover, and what was the market size in 2024?

In 2024, the Retail Industry size was estimated at USD 32.49 trillion. The report covers the Retail Industry historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Retail Industry size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Retail Industry Industry Report

The retail industry market is experiencing significant growth, driven by increased customer spending in emerging economies and the rise of online shopping trends. The growing penetration of smartphones globally is also contributing to this surge, as more traffic is directed to e-commerce websites, facilitating market growth. The industry involves strategic decisions, such as the type of store and the market to be served, with emerging economies boasting rising GDPs and increased per capita income acting as key market drivers.

The introduction of new technologies like IoT and AR is reshaping the industry by providing differentiated shopping experiences. However, price variations between online and brick-and-mortar stores can act as stagnating factors. The retail industry market is segmented based on product, distribution channel, and geography, offering a wide variety of commodities for customers to purchase.

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Retail Industry Report Snapshots