Retail Market 2024-2028
The retail market is forecasted to grow by USD 74.2 billion during 2023-2028, accelerating at a CAGR of 6.55% during the forecast period. The report on the retail market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for convenience food products, provision of value-added services, and influx of numerous retail stores.
Technavio's retail market is segmented as below:
- By Product
- Grocery
- Apparel and footwear
- BPC
- Home and garden
- Others
- By Distribution Channel
- Offline
- Online
- By Geographical Landscape
- Asia
This study identifies the surge in sales through online distribution channels as one of the prime reasons driving the retail market growth during the next few years. Also, innovative packaging and marketing initiatives by prominent vendors and rise in demand for private labels and low-cost products will lead to sizable demand in the market.
The report on the retail market covers the following areas:
- Retail market sizing
- Retail market forecast
- Retail market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading retail market vendors that include A.S. Watson Group, AEON CO. LTD., Berli Jucker Public Co. Ltd., Central Group of Company, Charoen Pokphand Group Co. Ltd., CJ Express Group Co. Ltd., Foodland Supermarket Co. Ltd., Home Product Center Public Co. Ltd., Isetan Mitsukoshi Holdings Ltd., Rimping Supermarket, Robinsons Retail Holdings Inc., Seven and i Holdings Co., Ltd., SPAR International, Tesco Plc, The Mall Group Co. Ltd., and Villa Market JP Co. Ltd.. Also, the retail market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.