Global Retail Market Growth Analysis And Indications – Includes Retail Market Analysis
The Business Research Company’s report goes into great detail on the retail market size and growth, retail market regional analysis, retail market competitive landscape, and other critical information needed to excel in the retail industry.
Major players in the retail market include Walmart Inc., Sinopec Limited, Amazon.com Inc, PetroChina Company Limited, CVS Health Corporation, Costco Wholesale Corp, The Kroger Co, McKesson Corporation, Walgreens Boots Alliance Inc, and JD.com Inc.
TBRC’s comprehensive market report based on extensive research will assist you in seamlessly devising your approaches in order to match key market player strategies.
The global retail market size is expected to grow from $23.65 trillion in 2021 to $26.32 trillion in 2022 at a compound annual growth rate (CAGR) of 11.3%. The global retail market size is expected to grow to $38.71 trillion in 2026 at a CAGR of 10.1%.
Asia Pacific was the largest region in the retail market in 2021.
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.
With the rapid growth in retail data and the availability of technologies to analyze data, it will become easier for retails to identify and meet the needs and expectations of their customers, thus it is expected to drive the market going forward.
The retail/e-commerce market is 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.
TBRC’s Global Retail Market Report Is Segmented:
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 and Other General Merchandise Stores, Ecommerce and Other Non-Store Retailers, Building Material and Garden Equipment and Supplies Dealers, Pharmacies and Healthcare Stores, Sporting Goods, Hobby, Musical Instrument, and Book Stores
By Ownership: Retail Chain, Independent Retailer
By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, Department Stores, Specialty Stores, Online, Others
Subsegments Covered: Auto Parts and Accessories, Automobile Dealers, Other Motor Vehicle Dealers, Specialty Food Stores, Beer, Wine and Liquor Stores, Diesel – Retail, Gases, Gasoline – Retail, Other Gasoline Stations, Hair Care Stores, Skin Care Stores, Cosmetics Stores, Clothing/Apparel Stores, Jewelry and Watch Stores, Optical Goods Stores, Footwear Stores, Hardware Suppliers and 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: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
The Retail Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides an overview of the retail market globally and regionally, analyzes and forecasts market size, share, retail market players, retail market segments, leading competitor revenues, profiles and market shares.
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