Retail Trade in the US - Industry Market Research Report

Retail Trade in the US - Industry Market Research Report

Retail Trade in the US

The Retail Trade sector includes 12 diverse subsectors of the US economy, from food and beverage stores to motor vehicle and parts dealers. Retailers purchase merchandise from suppliers that are then sold through both brick-and-mortar establishments and nonstore outlets, including via mail-order, door-to-door sales, kiosks and internet mediums. While some products sold by retailers are staples, others are more discretionary in nature. Retail operators have benefited particularly from increases in per capita disposable income and consumer spending, which have enabled consumers to increase their purchases of discretionary goods. In 2020 alone, industry revenue increased 1.9% despite the poor economic conditions brought by the coronavirus, as e-commerce sales skyrocketed. Overall, sector revenue is expected to increase at a CAGR of 5.2% to $8.1 trillion over the five years to 2023, including a 2.8% increase in 2023.

The Retail Trade sector is the final step in the distribution of merchandise and includes retailers operating brick-and-mortar locations and nonstore retailers operating via mail-order, door-to-door, kiosks and internet mediums. Merchandise sold by retailers is purchased from suppliers and is then sold to consumers though the retailers’ store or other mediums. This sector excludes the physical manufacture of merchandise and operators that primarily trade as wholesalers.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.