Retail Market To Grow At A Higher Rate
Posted by sainath on January 17th, 2019
The Business Research Company’s global retail market, covers the year-on-year growth of the global retail historic and forecast growth. It also includes chapters on the 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 5.5 % to 2022.
Retail Market Trends
E-commerce stores setting up offline stores, automation in store operations and big data analytics in retail and wholesale are the major trends witnessed in the global retail market. With emerging markets growth, technology development and low oil prices, the scope and potential for the global retail market is expected to significantly rise in the forecast period.
Technology is expected to be a continued driver of market growth during this period. Areas of particular development are likely to be POS (point-of-sale) technology, beacons, Wearable’s, augmented reality and 3D printing. The retail industry will benefit from greater efficiencies offered by these technologies.
The global retail is primarily driven by increased disposable incomes, favourable changes in consumer tastes and preferences, and entry of many large retailers in the industry.
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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.
With emergence of economic growth in recent times, technological development and growing impact of retail research data the global retail is expected to increase in potential and scope. TBRC’s report also covers the global retail market report drivers and restraints in the market.
The global retail market 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 global retail report are Wal-Mart, Costco, Kroger, Amazon Inc, Home Depot
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About the Authorsainath
Joined: June 13th, 2018
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