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Rapid growth in technology is expected to drive market growth during the forecast period, as per The Business Research Company’s retail market opportunities and strategies report.

The retail market is expected to reach $29.44 trillion in 2025. The global retail market is expected to reach $39.93 trillion in 2030, at a CAGR of 6.3%.

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Major players in the retail market include Walmart Inc., Amazon.com, Inc, CVS Health Corporation, Costco Wholesale Corporation, Schwarz Group.

Digital transformation is a key to the future of retail fuel operations and is gaining significant popularity in the retail industry. 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.

The Global Retail Market Is Segmented:
By Type: Motor Vehicle And Parts Dealers (Automobile Dealers, Auto Parts and Accessories, Other motor vehicle dealers), Food And Beverage Stores (Beer, Wine & Liquor Stores, Specialty food stores), Gasoline Stations (Gasoline – Retail, Diesel – Retail, Gases, Other Gasoline Stations), Miscellaneous Store Retailers, Cosmetics And Personal Care Stores (Cosmetics Stores, Hair Care Stores, Skin Care Stores), Clothing And Clothing Accessories Stores (Clothing/Apparel Stores, Footwear Stores, Jewelry & Watch Stores, Optical goods stores), Electronics And Appliance Stores (Consumer Electronics Stores, Hardware Suppliers & Security Stores), Furniture And Home Furnishings Stores (Furniture Stores, Home Furnishings Stores), Supermarkets And Hypermarkets (Hypermarkets, Supermarkets), Convenience, Mom And Pop Stores (Convenience Stores, Mom and Pop Stores), Department Stores & Other General Merchandise Stores (Department Stores, Other General Merchandise Stores), Ecommerce & Other Non-Store Retailers (E-Commerce, Direct Selling Establishments), Building Material And Garden Equipment And Supplies Dealers (Building Material and Supplies Dealers, Lawn and Garden Equipment and Supplies Stores), Pharmacies And Healthcare Stores (Pharmacies and Drug Stores, Other Health and Personal Care Stores), Sporting Goods, Hobby, Musical Instrument, And Book Stores (Sporting Goods Stores, Hobby, Toy, and Game Stores, Musical Instrument and Supplies Stores)

By Ownership: Chained, Independent
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

TBRC’s Retail Market Report Covers:

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 (2016-21) and ten years forecast (2022-2026-2031)

The Retail Market Report 2022 – Opportunities And Strategies – Global Forecast To 2030 is one of a series of new reports from The Business Research Company that provides thorough retail market research, analyzes and forecasts retail market size, retail market share, retail market players, retail market trends, retail market segmentation and geographies, leading competitor revenues, profiles and market shares.

TBRC’s retail market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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.

View Similar Reports From The Business Research Company:

Retail And Wholesale Global Market Report 2022

Wholesale Global Market Report 2022

Supermarkets And Hypermarkets Market Report 2022

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