South America And Eastern Europe Continue To Lead Retail Market Growth
Posted by sainath on June 14th, 2018
The global retail market is growing at 5.6% year on year, but in South America and Eastern Europe that rate is far exceeded, according to research by The Business Research Company. Though both have slowed from their recent breakneck pace, South America's sales to individuals and households will grow at 8.2%, Eastern Europe's at 7.2% year on year to 2020. In contrast, in the developed markets of North America and Western Europe, growth will pick up, but only to 4.8% and 2.8% respectively. With growth at 6.4%, and a market worth nearly a third of the global total, Asia Pacific is where retail sales will put on most value, rising by over ,600 billion between 2016 and 2020.
The global retail market is highly fragmented: Walmart is the largest player, and that has only 2% of the total. Some mergers and acquisitions in this market have attracted attention – Amazon’s takeover of Whole Foods Market, and Walgreens of Alliance Boots and Rite Aid. Overall, however, it would be wrong to conclude that significant consolidation is taking place at retail. It is still the domain of small and medium-sized businesses.
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About The Business Research Company.
The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research. It has offices in the UK, the US and India and a network of trained researchers in 15 countries globally.
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
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Joined: June 13th, 2018
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