Understand How The Retail And Wholesale Market Is Set To Grow In Through 2023-2032
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The global retail and wholesale market grew from $71,851.27 billion in 2022 to $77,227.77 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The retail and wholesale market is expected to grow to $99,195.76 billion in 2027 at a CAGR of 6.5%.
With the rapid growth in retail data and the availability of technologies to analyze data, it will become easier for retailers to identify and meet the needs and expectations of their customers. This is expected to drive the market going forward.
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Major companies in the retail and wholesale market include Walmart Inc., Sinopec Limited, Amazon.com Inc., PetroChina Company Limited, AmerisourceBergen Corp, CVS Health Corporation.
The retail and e-commerce markets are 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 its systems. Using a drone for delivery allows retailers to cut costs and help provide customers with their products earlier than traditional delivery methods. For example, Amazon has been investing in its Prime Air deliveries via drones, which claim to complete the delivery within 30 minutes. Amazon has started delivery trials via drones in the UK but is still waiting for regulatory approval in the US.
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Global Retail And Wholesale Market Segments Include:
- By Type: Retail, Wholesale
- By Ownership: Retail Chain/Wholesale Chain, Independent Retailer/Independent Wholesalers
- By Price Range: Premium, Mid-Range, Economy
- By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, Department Stores, Specialty Stores, Online, Other Distribution Channels
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global retail and wholesale market in 2022.
The Retail And Wholesale Global Market Report 2023 provides an overview of the retail and wholesale market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The retail and wholesale market forecast analyzes retail and wholesale market size, retail and wholesale market share, leading competitor and their market positions.
Retailers are independent organizations in the distribution channel for consumer goods that buy goods from wholesalers or direct from producers, break bulk, store goods, display goods for sale either physically or online, sell to ultimate users and sometimes deliver. Wholesalers are independent organizations in the distribution channel for consumer goods that buy in bulk, store goods, break bulk and sell merchandise primarily to retailers, professional authorities or to other wholesalers rather than to consumers.
The Table Of Content For The Retail And Wholesale Market Include:
1. Retail And Wholesale Market Executive Summary
2. Retail And Wholesale Market Segments
3. Retail And Wholesale Market Size And Retail And Wholesale Market Growth Rate
4. Key Retail And Wholesale Market Trends
5. Major Retail And Wholesale Market Drivers
25. Key Mergers And Acquisitions In The Retail And Wholesale Market
26. Top Retail And Wholesale Companies
27. Retail And Wholesale Market Opportunities And Strategies
28. Retail And Wholesale Market, Conclusions And Recommendations
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