Global Retail Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends

October 18, 2021October 18, 2021 by The Business Research Company

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. Retailers, wholesalers and manufacturers take ownership of the goods and so bear the risk of carrying inventory.

The global retail market reached a value of nearly $20,331.1 billion in 2020, having increasing at a compound annual growth rate (CAGR) of 2.4% since 2015. The market is expected to grow at a CAGR of 7.7% from 2020 to reach $29,446.2 billion in 2025. The global retail market is expected to reach $39,933.3 billion in 2030, at a CAGR of 6.3%.

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, self-checkout technology beacons, robotics, automation and augmented reality. Thus, the retail industry is expected to benefit from the greater efficiencies offered by these technologies.

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Some retail market trends include digital transformation. Innovative technologies such as the Internet of Things (IoT), artificial intelligence (AI), robotics, blockchain, and application programming interfaces (APIs) not only help fuel retailers to track customer usage and spending but to provide customers with their specific requirements and at the right price. Moreover, many e-commerce retailers started offline store to enable customers to touch and feel products, enhance brand visibility and further drive sales.

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

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 Retail Opportunities And Strategies: Forecast 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 identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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Read Retail 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: Walmart Inc., Amazon.com, Inc, CVS Health Corporation, Costco Wholesale Corporation, Schwarz Group.

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.

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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.

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Here is a list of reports from The Business Research Company similar to the Retail Opportunities And Strategies: Forecast To 2030:

E-Commerce Global Market Report 2021

Retail And Wholesale Global Market Report 2021

Wholesale Global Market Report 2021

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