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Product Type

Retails


The retail market and industry analysis report portrays an insight into this sector and highlights the potential growth factors and trends in the retail industry all around the world. The retail market is highly competitive in developed countries like the United States of America and the European Union. Conversely, the markets of the developing nations of Middle-East, Asia Pacific, India, and Latin America are proving to be an instrumental driving force in the growth of the retail sector. The retail industry comprises of items like food, apparel, electronics, garments, furniture, jewelry, and several other things. The retail market can also be classified into supermarkets, convenience stores, internet retailing, specialty retailer, chain retailing, and various other things. The retail industry analysis provides you the market trends of all major nations of the Asia Pacific, Middle East, Latin America, Europe, and the United States of America. The key market driver of the retail industry is the consumer spending that contributes to nearly two-thirds of the GDP and also an important health indicator of the retail market. The report of retail industry trends also provides you a detailed description of the increasing trend of online shopping, which has become another driving factor of the retail market. Apart from this, the increased usage of smartphones has also expanded the market share and size of the retail industry across the globe. Easy accessibility of the internet and faster speed are making the people opt for online shopping on a large scale. The retail industry analysis shows that even though retail growth has tripled in the last three fiscal years, internet retailing has contributed only 1.5 percent of overall sales in most of the countries and also around the world. Recent developments like mobile-first sites, applications, e-payment options, and other options are making online shopping through smartphones incredibly easier. The amount of disposable income is seen in both urban and rural areas, and their spending power has increased dramatically. The retail market size has grown significantly in countries like India and China and is turning into mature and largest consumer market of the world. In India, the government has allowed up to 100 percent FDI in single-brand retailing and up to 51 percent in multi-brand retailing, which can also increase the competition in the retail market of India. On the other hand, the retail market of China is highly competitive and diverse, which is why the market share of the leading Chinese retail chains is declining over the past few years. Country like Japan has a very strong retail market size as it boasts 52,417 convenience stores and 240 department stores. The retail industry of Japan is mainly driven by M&A’s and due to increased foreign investment and cooperation which is giving opportunities to the country for developing their local markets and also to get benefits from production networks in Asia. The valuation of the retail industry stood at $23,460 billion in 2017, and it is anticipated to register a growth of CAGR 5.3 percent during the forecast period of 2018-2023 around $31,880.8 billion by 2023.