The Global Retail Market Report by The Business Research Company covers retail market drivers and restraints, retail market size, major players, and the impact of COVID-19 on the retail market.
The retail market consists of sales of goods to ultimate users by entities (organizations, sole traders and partnerships) that provide the service of making goods available in convenient quantities and locations. Retailing involves buying from wholesalers or direct from producers, breaking bulk, displaying goods for sale either physically or online, and sometimes delivery. Wholesalers are independent organizations in the distribution channel that buy in bulk and sell to resellers rather than to consumers. Both retailers and wholesalers take ownership of the goods and so bear the risk of carrying inventory. They also reduce the total number of transactions required for the process of transferring goods from producers to consumers. The retail market is segmented into motor vehicle and parts dealers, food and beverage stores, gasoline stations, miscellaneous store retailers, cosmetics and personal care stores, clothing and clothing accessories stores, electronics and appliance stores, furniture and home furnishings stores, supermarkets and hypermarkets, convenience, mom and pop stores, department stores & other general merchandise stores, ecommerce & other non-store retailers, building material and garden equipment and supplies dealers, pharmacies and healthcare stores and sporting goods, hobby, musical instrument, and book stores.
Many retailers are adopting a robust and cohesive strategy for data analytics in management. This technology is being deployed to enhance supply chain efficiency, streamline operations to engage customers and building loyalty, data has become critical for most retail operations.
The global retail market is expected to grow from $20298.69 billion in 2020 to $22438.07 billion in 2021 at a compound annual growth rate (CAGR) of 10.5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $29361.95 billion in 2025 at a CAGR of 7%.
Request A Sample For The Global Retail Market Report:
Some retail market trends include the retail/e-commerce market increasingly investing in drones to reduce delivery times and increase profitability. A drone is an unmanned aerial vehicle (UAV), that is remotely controlled or flies autonomously using software-controlled flight plans in their systems. Using a drone for delivery allows retailers to cut costs and help in providing customers with their products earlier than traditional delivery methods.
Global retail market segments include:
1) By Type: Motor Vehicle And Parts Dealers, Food And Beverage Stores, Gasoline Stations, Miscellaneous Store Retailers, Cosmetics And Personal Care Stores, Clothing And Clothing Accessories Stores, Electronics And Appliance Stores, Furniture And Home Furnishings Stores, Supermarkets And Hypermarkets, Convenience, Mom And Pop Stores, Department Stores & Other General Merchandise Stores, Ecommerce & Other Non-Store Retailers, Building Material and Garden Equipment and Supplies Dealers, Pharmacies and Healthcare Stores, Sporting Goods, Hobby, Musical Instrument, and Book Stores.
2) By Ownership: Retail Chain, Independent Retailer.
Subsegments Covered: Auto Parts And Accessories, Automobile Dealers, Other Motor Vehicle Dealers, Specialty Food Stores, Beer, Wine & Liquor Stores, Diesel – Retail, Gases, Gasoline – Retail, Other Gasoline Stations Hair Care Stores, Skin Care Stores, Cosmetics Stores, Clothing/Apparel Stores, Jewelry & Watch Stores, Optical Goods Stores, Footwear Stores, Hardware Suppliers & Security Stores, Consumer Electronics Stores, Furniture Stores, Home Furnishings Stores, Supermarkets, Hypermarkets, Convenience Stores, Mom And Pop Stores, Department Stores, Other General Merchandise Stores, E-Commerce, Vending Machine Operators, Direct Selling Establishments, Building Material And Supplies Dealers, Lawn And Garden Equipment And Supplies Stores, Pharmacies And Drug Stores, Other Health And Personal Care Stores, Sporting Goods Stores, Hobby, Toy, And Game Stores, Musical Instrument And Supplies Stores, Other Sporting Goods, Hobby, Musical Instrument, And Book Stores.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Read More On The Retail Global Market Report 2021: COVID-19 Impact and Recovery to 2030 At:
The Retail Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides retail market overviews, analyzes and forecasts market size, share, retail market players, retail market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The retail market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Where To Learn More:
Read Retail Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Wal-Mart, Costco, Kroger, Amazon Inc, Home Depot.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The retail Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The retail Sector: The report reveals where the global industry will put on most $ sales up to 2023.
Interested to know more about The Business Research Company?
The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.
Read more about us at https://www.thebusinessresearchcompany.com/about-the-business-research-company.aspx
Here is a list of reports from The Business Research Company similar to the Retail Global Market Report 2021: