Global Shopping Centers Market Size study & Forecast, by Product (Apparel and Accessories, FMCG, Hardline and Softline, Diversified) and Regional Analysis, 2022-2029

Global Shopping Centers Market Size study & Forecast, by Product (Apparel and Accessories, FMCG, Hardline and Softline, Diversified) and Regional Analysis, 2022-2029

Global Shopping Centers Market is valued at approximately USD 5231.63 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.90% over the forecast period 2022-2029. Shopping centres are becoming more and more common because they house a wide array of goods from various vendors or retailers, including clothing stores, food stores, and much more. This is the main element fueling industry expansion. Shopping malls also give customers a better overall experience by giving them access to a variety of activities like new product releases, festivals, and events. Thus, the major driving factors for Global Shopping Center Market are rising number of brands and rising purchasing power.

According to Statista, number of shopping centers in Japan has increased significantly, in 2012 there were 3096 shopping centers which have increased up to 2021. Moreover, adopting AI and biometrics in shopping centers is creating lucrative growth opportunities for the market over the forecast period. However, the high cost of Shopping Centers stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Shopping Centers Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. According to the regional analysis, North America will have the largest market revenue share in 2021. This can be attributed to increasing customer demand and regional retail industry growth. Rapid urbanisation in North America is driving up demand for green retail centres. Another factor fueling the expansion of shopping centres in this region is the fact that people prefer them because they are so handy and offer a wide variety of goods. From 2022 to 2029, Asia Pacific is anticipated to have the greatest CAGR. The rise in demand for shopping malls is blamed on the middle-class populations in China and India having more disposable income. Retailers are also implementing AI and biometrics in shopping malls to draw customers and increase sales. Indians' rising standards of living, middle-class income, and desire to save money are driving up demand for shopping centres in the area, which is expected to produce the fastest CAGR during the forecast period.

Major market players included in this report are:
Walmart Inc
Amazon.com, Inc.
Costco Wholesale Corporation
Schwarz Group
The Kroger Co.
Walgreens Boots Alliance, Inc.
The Home Depot, Inc.
Tesco PLC
AB Baltic Shopping Centers
Beijing Changping Sunshine Shopping Center Co., Ltd

Recent Developments in the Market:
In January 2023, Oberoi Mall is planning to add nearly 25000-30000 sq ft of space for F&B and FEC segments in the shopping centers.

Global Shopping Centers Market Report Scope:

Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Product, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Product:
Apparel and Accessories
FMCG
Hardline and Softline
Diversified

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Companies Mentioned

Walmart Inc
Amazon.com, Inc.
Costco Wholesale Corporation
Schwarz Group
The Kroger Co.
Walgreens Boots Alliance, Inc.
The Home Depot, Inc.
Tesco PLC
AB Baltic Shopping Centers
Beijing Changping Sunshine Shopping Center Co., Ltd

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.