The Global Retail Market Is Forecast To Grow At A High CAGR To 2020

Posted by ananth on December 31st, 2018

The Business Research Company’s global retail market analysis covers the year-on-year growth of the global retail market historic and forecast growth. It also includes chapters on the retail market trends, geographical analysis, and competitive landscape.

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The global retail market is forecast to grow at a CAGR (compound annual growth rate) of around 5.6% to 2020.

Retail Market Segmentation:

According to TBRC’s global retail market research, the market is split by segments into specialty retailers, department stores & other general merchandise stores, and ecommerce & other non-store retailers.

Specialty retailers was the largest segment in the global retail market. Specialty retailers cater to one specific market or one merchandise line of goods. This includes motor vehicle and part dealers, furniture, home furnishing stores, electronics and appliances stores, food and beverage stores, health and personal care stores and clothing and clothing accessories stores and other miscellaneous stores.

Department stores & other general merchandise stores was the second largest segment in the global retail market at 18.9% of the market. The market comprises of establishments selling a wide variety of products such as housewares, furniture, consumer electronics, toiletries, toys, hardware, jewelry items, shoes, kitchen appliances, clothes, and sports equipment.

Ecommerce & other non-store retailers was the third largest segment in the global retail market. The industry includes selling of goods and services over the internet and outside stores and shops, such as online sales, merchandising through infomercials, door-to-door solicitation, portable stalls, and vending machines

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Although ecommerce & other non-store retailers was the smallest segment in the global retail market, it is forecast to grow at a higher CAGR of 9.5 %, than the specialty retailers which is forecast to grow at around 5.5%. This was mainly due to increasing smartphone and internet penetration, changing consumer lifestyle, and expansion of large e-commerce establishments such as Amazon and Alibaba.

The global retail market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.

The global retail market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.

The top companies included in the report Amazon Inc., Wal-Mart, Costco, Kroger, Home Depot, and Schwarz Unternehmens Treuhand KG.

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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.

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