The Global Convenience, Mom And Pop Stores Market Report by The Business Research Company covers convenience, mom and pop stores market drivers and restraints, convenience, mom and pop stores market size, major players, and the impact of COVID-19 on the convenience, mom and pop stores market.
The convenience, mom and pop stores market consist of sales of goods and some services through convenience, mom and pop stores by entities (usually sole traders or partnerships but in some cases organizations) that provide the retail service of supplying food, toiletries and other daily ‘necessities’ to their consumers through conveniently located small stores.
The global convenience, mom and pop stores market reached a value of nearly $908.2 billion in 2020, having grown at a compound annual growth rate (CAGR) of 3.2% since 2015, and is expected to grow at a CAGR of 8.1% to nearly $1,339.8 billion by 2025.The convenience, mom and pop stores market is expected to grow to $1,932.3 billion in 2030 at a CAGR of 7.6%.
Rapid growth in technology is expected to drive market growth during the forecast period. Areas of particular development are likely to be POS (point-of-sale) technology, beacons, robotics, automation and augmented reality. For example, retail companies are increasingly investing in drone technology to reduce delivery times and increase profitability. A drone is an unmanned aerial vehicle (UAV) that is remotely controlled or flies autonomously through software-controlled flight plans in their systems.
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Some convenience, mom and pop stores market trends include adoption of the concept of contact-free convenience stores. The COVID-19 pandemic has made “contact-free” an important new part of the everyday retailing vernacular. This type of store has contactless payments systems, smart phone concepts, AI camera system which makes shopping convenient for consumers. Moreover, convenience,mom and pop stores are increasingly being digitized to improve operational efficiency and sales.
Global convenience, mom and pop stores market segments include:
1) By Type – Convenience Stores, Mom And Pop Stores
2) By Ownership – Retail Chain, Independent Retailer
3) By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Convenience, Mom And Pop Stores Opportunities and Strategies: Forecast To 2030 is one of a series of new reports from The Business Research Company that provides convenience, mom and pop stores market overviews, analyzes and forecasts market size, share, convenience, mom and pop stores market players, convenience, mom and pop stores market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The convenience, mom and pop stores identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Convenience, Mom And Pop Stores Opportunities and Strategies: Forecast 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: Seven & I Holdings Co. Ltd, Carrefour SA, Auchan Holding SA, Alimentation Couche-Tard Inc., FamilyMart
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 Convenience, Mom And Pop Stores 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 Convenience, Mom And Pop Stores Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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