Retail Market

Global Retail Market: Overview 

Consumer spending represents around two-thirds of the gross development product (GDP). It is a key indicator of the overall condition of the global retail market in the years to come. Besides, the expansion of the e-commerce sector is likely to act as a major growth factor for the global retail market. Furthermore, the phenomenal rise in the use of smartphone for app-based shopping is propelling the growth of the market over the assessment tenure. 

Product, type of store, and region are the three key parameters based on which the global retail market has been divided. The objective of such segmentation is to offer a clearer, 360-degree view of the global retail market.

Global Retail Market: Notable Developments 

One of the developments that offer a glimpse of the market dynamics about the global retail market is mentioned below: 

• In March 2018, Walmart Inc. made its plans of expansion of online grocery delivery option public. They announced that they would expand it to more than 40% of households in the US. With such a plan, retail giant, Walmart Inc. aims to capture a wider base of the consumer across the U.S.

Some well-known organizations in the global retail market comprise the below-mentioned: 

• Alibaba Group Holding Limited
• Walmart Inc.
• The Kroger Company
• Costco Wholesale Corporation
• Tesco Plc
• Com Inc.

Global Retail Market: Key Trends

The following drivers, restraints, and opportunities characterize global retail market over the assessment period, from 2019 to 2027.

Emergence of Internet and Mobile Services Boost E-commerce Shopping Platforms

The global retail sector is expected to ride high on the back of the automation system. Innovation in the automation sector is on the upward growth trajectory. Retail stores are making augmented use of in-store automation to organize the activities of retail shopping efficiently. Automation at retails stores come to automate operations of the store. Activities like merchandise scanning, movement of containers, packaging, checking of inventory, product delivery, and retrieving are likely to benefit from store automation. With such numerous functionalities, automation is likely to propel the growth of the global retail sector over the assessment tenure.

Internet retailing has emerged as the latest trend in shopping. Augmented penetration of mobile devices and smartphones coupled with internet pave way for the massive success of e-commerce as a major shopping platform for the world in recent times. Internet retailing accounts for a large chunk of the global retail sector and is likely to continue with such dominance over the tenure of assessment. Dedicated shopping apps, mobile-first sites, and development of various methods of internet payment solutions contribute toward the expansion of the global retail market.

On the other hand, variation in price in the brick and mortar stores and online stores pose a serious threat to the growth of the global retail market in years to come.

Global Retail Market: Geographical Analysis

The global retail market has been divided into the important regions of North America, Asia Pacific, Latin America, the Middle East and Africa, and Europe. Such region-based segments provide a comprehensive view of the regional markets to help better understanding of the overall market.

Considering regions, Asia Pacific is likely to emerge as a leading region in the global retail market over the assessment tenure. Improvement in the spending capabilities of people in India and China make a significant contribution to the growth of the regional market. The market in this part of the world is extremely competitive and fragmented.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

• Market segments and sub-segments
• Market trends and dynamics
• Supply and demand
• Market size
• Current trends/opportunities/challenges
• Competitive landscape
• Technological breakthroughs
• Value chain and stakeholder analysis

The regional analysis covers:

• North America (U.S. and Canada)
• Latin America (Mexico, Brazil, Peru, Chile, and others)
• Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
• Eastern Europe (Poland and Russia)
• Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
• Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

• A complete backdrop analysis, which includes an assessment of the parent market
• Important changes in market dynamics
• Market segmentation up to the second or third level
• Historical, current, and projected size of the market from the standpoint of both value and volume
• Reporting and evaluation of recent industry developments
• Market shares and strategies of key players
• Emerging niche segments and regional markets
• An objective assessment of the trajectory of the market
• Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.