Convenience, Mom And Pop Stores Market 2020 Business Scenario with Recent Trends, Size, Share, Statistics, Competition Strategies, Application, Region and Forecast Analysis by 2030

Global Convenience, Mom And Pop Stores Market - By Type (Convenience Stores, Mom And Pop Stores), By Ownership (Retail Chain, Independent Stores), And By Region, Opportunities And Strategies - Global Forecast To 2030 By The Business Research Company

The global convenience, mom and pop stores market reached a value of nearly $960.8 billion in 2019, having grown at a compound annual growth rate (CAGR) of 5.5% since 2015, and is expected to grow at a CAGR of 5.7% to nearly $ 1,201.3 billion by 2023.Also the market is expected to growth to $1,370.6 billion in 2025 at a CAGR of 6.8% and to $1,851.1 billion in 2030 at a CAGR of 6.2%.

The Key drivers of the convenience, mom and pop stores market include:-
Rapid growth in technology is expected to drive market growth during the forecast period. Areas of particular development are likely to be POS (point-of-sale) technology, beacons, robotics, automation and augmented reality. For example, retail companies are increasingly investing in drone technology to reduce delivery times and increase profitability.

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Convenience, Mom And Pop Stores Market Segmentation:-
By Type
1. Convenience Stores
2. Mom And Pop Stores
The convenience stores market was the largest segment of the convenience, mom and pop stores market, and accounting for $515.1 billion or 53.6% share of the total market in 2019. It is also expected to be the fastest-growing segment going forward at a CAGR of 5.8%.

By Ownership
1. Retail Chain
2. Independent Stores
The independent retail segment was the largest segment of the convenience, mom and pop stores market by ownership, accounting for $552.1 billion or 57.5% of the total market in 2019. The retail chain market is expected to be the fastest-growing segment going forward at a CAGR of 6.2%.

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By Geography - The convenience, mom and pop stores market is segmented into
1.North America
2.Western Europe
3.Asia Pacific
4.Eastern Europe
5.South America
6.Middle East
7.Africa

Some of the major key players involved in the convenience, mom and pop stores market are
1.Seven & I Holdings Co., Ltd.
2.Auchan Holding SA’s
3.Carrefour SA’s
4.Alimentation Couche-Tard Inc.’s
5.FamilyMart Co., Ltd.’s

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