Press release
Retail Market Global Insights, Trends and Huge Business Opportunities 2020
The Business Research Company
The global retail market is expected to decline from $21821.4 billion in 2019 to $21622.6 billion in 2020 at a compound annual growth rate (CAGR) of -1%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 5% from 2021 and reach $25122.2 billion in 2023.
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The retail market consists of sales of goods to ultimate users by entities (organizations, sole traders and partnerships) that provide the service of making goods available in convenient quantities and locations. Retailing involves buying from wholesalers or direct from producers, breaking bulk, displaying goods for sale either physically or online, and sometimes delivery. Wholesalers are independent organizations in the distribution channel that buy in bulk and sell to resellers rather than to consumers.
Automation in retail stores is aimed at automating store operations such as container movement, merchandise scanning, inventory checking, retrieving, packaging, and delivering products, and connecting with customers. Automation reduces waiting times, avoids stocking problems, enhances productivity, and increases overall customer experience.
Retail Market Segmentation: -
By Type
1. Motor Vehicle And Parts Dealers
2. Food And Beverage Stores
3. Gasoline Stations
4. Miscellaneous Store Retailers
5. Cosmetics And Personal Care Stores
6. Clothing And Clothing Accessories Stores
7. Electronics And Appliance Stores
8. Furniture And Home Furnishings Stores
9. Supermarkets And Hypermarkets
10. Convenience, Mom And Pop Stores
11. Department Stores & Other General Merchandise Stores
12. Ecommerce & Other Non-Store Retailers
13. Building Material and Garden Equipment and Supplies Dealers
14. Pharmacies and Healthcare Stores
15. Sporting Goods, Hobby, Musical Instrument, and Book Stores
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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Retail Market Characteristics
4. Retail Market Product Analysis
5. Retail Market Supply Chain
......
20. Retail Market Competitive Landscape
21. Key Mergers And Acquisitions In The Retail Market
22. Market Background: Retail And Wholesale Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer
The report covers the trends and market dynamics of the retail market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the retail market are Wal-Mart; Costco; Kroger; Amazon Inc; Home Depot.
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About US:
The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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