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The shopping centers market has experienced robust growth, rising from $5,480.85 billion in 2023 to $5,849.97 billion in 2024, reflecting a compound annual growth rate (CAGR) of 6.7%. This growth is attributed to factors such as the rise of automobiles and suburbanization, the integration of entertainment and leisure activities, population growth, improvements in living standards, and an increase in middle-class income. The market is expected to continue its strong growth, reaching $7,681.20 billion by 2028, with a CAGR of 7.0%. The anticipated growth is driven by increased consumption of daily necessities, higher purchasing power, rising digital connectivity, a growing number of financially independent women, and increased spending on fashionable apparel. Major trends for the forecast period include integration with artificial intelligence, embracing technology and digital transformation, mixed-use developments, product development to capture a larger market share, and a heightened focus on health and safety.

The growing expenditure on fashionable apparel is set to drive the shopping centers market. Increased spending on trendy clothing and accessories, influenced by rising disposable incomes and social media trends, contributes to the growth of shopping centers. These centers serve as hubs for diverse fashion retailers. According to the Bureau of Labor Statistics, spending on apparel and related services rose from $1,434 in 2020 to $1,754 in 2021, with other apparel categories seeing a 48.6% increase. This rising expenditure is expected to drive the shopping center market from $S billion in 2023 to $T billion in 2024, with growth projected to reach $U billion by 2028.

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What Are The Key Trends That Influence Shopping Centers Market Share Analysis?
Major companies operating in the shopping centers market are focused on developing innovative technologies, such as fully autonomous and contactless cashier-less systems, on enhancing the customer experience and streamline operations. Fully autonomous and contactless cashier-less systems involve technology that enables customers to shop and pay without interacting with human cashiers, utilizing automation for a streamlined shopping experience. For instance, in November 2021, Abu Dhabi National Oil Company for Distribution (ADNOC Distribution), a United Arab Emirates-based company that specializes in the distribution and marketing of petroleum products and related services, launched the fully autonomous and contactless and cashier-less ADNOC Oasis stor. It introduces a cutting-edge cashless and contactless payment system alongside an AI-enhanced shopping environment. Busy customers can avoid queues and wait for available staff. Unlike traditional self-service terminals, there’s no need to scan items.

Which Market Players Are Driving Growth In The Shopping Centers Market?
Major companies operating in the shopping centers market are Walmart Inc., Amazon Inc., The Home Depot Inc., Kroger Company, Tesco plc, Brookfield Property Partners L.P., Simon Property Group Inc., Unibail-Rodamco-Westfield SE, Taubman Centers Inc., Kimco Realty Corporation, Tripadvisor Inc., Klépierre S.A., Macerich, CBL & Associates Properties Inc., Pennsylvania Real Estate Investment Trust, Mercialys SA, ECE Group GmbH & Co. KG, Hammerson plc, Ivanhoé Cambridge Inc, Sunshine Shopping Center Co. Ltd.

How Is The Global Shopping Centers Market Segmented?
1) By Type: Regional Malls; Neighborhood Centers; Outlet Malls; Lifestyle Centers; Mixed Use Development
2) By Product: Apparel And Accessories; Fast Moving Consumer Goods (FMCG); Hardline And Softline; Diversified
3) By Tenant: Retail Stores; Restaurants; Entertainment Venues; Other Tenants

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The Shopping Centers Global Market Report 2024 provides an overview of the shopping centersmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The shopping centers market forecast analyzes shopping centers market size, shopping centers market share, leading competitor and their market positions.

The Table Of Content For The Shopping Centers Market Include
1. Shopping Centers Market Executive Summary
2. Shopping Centers Market Segments
3. Shopping Centers Market Size And Template Market Growth Rate
4.  Key Shopping Centers Market Trends
5. Major Shopping Centers Market Drivers
……
25. Key Mergers And Acquisitions In The Shopping Centers Market
26. Top Shopping Centers Companies
27. Shopping Centers Market Opportunities And Strategies
28. Shopping Centers Market, Conclusions And Recommendations
29. Appendix

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