The global
retail market is growing at 5.6% year on year,
but in South America and Eastern Europe that rate is far exceeded, according to
research by The
Business Research Company. Though both have slowed from
their recent breakneck pace, South America's sales to individuals and
households will grow at 8.2%, Eastern Europe's at 7.2% year on year to 2020. In
contrast, in the developed markets of North America and Western Europe, growth
will pick up, but only to 4.8% and 2.8% respectively. With growth at 6.4%, and a
market worth nearly a third of the global total, Asia Pacific is where retail
sales will put on most value, rising by over $2,600 billion between 2016 and
2020.
The global retail market is highly fragmented:
Walmart is the largest player, and that has only 2% of the total. Some mergers
and acquisitions in this market have attracted attention – Amazon’s takeover of
Whole Foods Market, and Walgreens of Alliance Boots and Rite Aid. Overall,
however, it would be wrong to conclude that significant consolidation is taking
place at retail. It is still the domain of small and medium-sized businesses.
The biggest trend in retail is the erosion of offline stores’ shares by online retailers such as Amazon and Alibaba. Globally over 90% of retail purchases are still made offline but it is ecommerce and other non-store retailers that are growing fastest, at nearly 10% year on year, against an average for all segments of 5.6%. Even in Asia Pacific store sales are achieving only 5.8%.
Where to Learn More
Read Retail Market Global Briefing 2018 from The Business Research Company for information on the following:
Read Retail Market Global Briefing 2018 from The Business Research Company for information on the following:
·
Markets Covered: Specialty
Retailers, Department Stores & Other General Merchandise Stores, and
Ecommerce & Other Non-store Retailers.
·
Companies Mentioned: Wal-Mart,
Costco, Kroger, Amazon Inc., Home Depot, Schwarz Unternehmens Treuhand KG, Aldi
Einkauf, GmbH & Co., CVS Health, Carrefour, Tesco
·
Geographic scope: Asia Pacific,
Western Europe, Eastern Europe, North America, South America, Middle East,
Africa
·
Time series: Five years historic and
forecast.
·
Data: Market value in $ billions.
·
Data segmentations: Regional
breakdowns, market share of competitors, key sub segments.
·
Sourcing and Referencing: Data and
analysis throughout the report are sourced using end notes.
Interested to know more? Here is a full scope of Services reports
to explore:
1.
Department Stores And Other General
Merchandise Stores Market Global Briefing 2018 https://www.thebusinessresearchcompany.com/report/department-stores-and-other-general-merchandise-stores-market-global-briefing-2018
2.
Ecommerce And Other Non-Store
Retailers Market Global Briefing 2018 https://www.thebusinessresearchcompany.com/report/ecommerce-and-other-non-store-retailers-market-global-briefing-2018
3.
Retail And Wholesale Market Global
Briefing 2018 https://www.thebusinessresearchcompany.com/report/retail-and-wholesale-market-global-briefing-2018
4.
Specialty Retailers Market Global
Briefing 2018 https://www.thebusinessresearchcompany.com/report/specialty-retailers-market-global-briefing-2018
5.
Wholesale Market Global Briefing
2018 https://www.thebusinessresearchcompany.com/report/wholesale-market-global-briefing-2018
About The Business
Research Company.
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.
Contact Information.
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
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