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Shopping Centers Market Size, Deep Analysis, Growth Statistics, Share, Trends And Forecast To 2033
Shopping Centers Market
As per the report, the shopping centers market size has grown strongly in recent years. It will grow from $5,480.85 billion in 2023 to $5,849.97 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The shopping centers market size is expected to see strong growth in the next few years. It will grow to $7,681.20 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%.
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What Is Driving The Growth Of The Global Shopping Centers Market?
Fashionable Apparel Expenditure Boosts Retail Sector Growth
The increasing spending on fashionable apparel is expected to propel the growth of the shopping centers market going forward. Fashionable apparel refers to clothing and accessories that are trendy, stylish, and in line with the latest fashion trends. The increasing spending on fashionable apparel is due to rising disposable incomes, social media influence, celebrity endorsements, fast fashion availability, and evolving consumer preferences. Shopping centers are centralized hubs for fashionable apparel where diverse fashion retailers, ranging from high-end boutiques to mainstream brands, showcase and retail a wide array of trendy clothing, accessories, and footwear.
What Is The Key Trend In The Global Shopping Centers Market?
Revolutionizing Customer Experience With Autonomous Shopping Technology
Major companies operating in the shopping centers market are focused on developing innovative technologies, such as fully autonomous and contactless cashier-less systems, on enhancing the customer experience and streamline operations. Fully autonomous and contactless cashier-less systems involve technology that enables customers to shop and pay without interacting with human cashiers, utilizing automation for a streamlined shopping experience.
How Is The Global Shopping Centers Market Segmented?
The shopping centers market covered in this report is segmented -
1) By Type: Regional Malls, Neighborhood Centers, Outlet Malls, Lifestyle Centers, Mixed Use Development
2) By Product: Apparel And Accessories, Fast Moving Consumer Goods (FMCG), Hardline And Softline, Diversified
3) By Tenant: Retail Stores, Restaurants, Entertainment Venues, Other Tenants
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How Is The Competitive Landscape Of The Global Shopping Centers Market?
Major companies operating in the shopping centers market are Walmart Inc., Amazon Inc., The Home Depot Inc., Kroger Company, Tesco plc, Brookfield Property Partners L.P., Simon Property Group Inc., Unibail-Rodamco-Westfield SE, Taubman Centers Inc., Kimco Realty Corporation, Tripadvisor Inc., Klépierre S.A., Macerich, CBL & Associates Properties Inc., Pennsylvania Real Estate Investment Trust, Mercialys SA, ECE Group GmbH & Co. KG, Hammerson plc, Ivanhoé Cambridge Inc, Sunshine Shopping Center Co. Ltd.
Contents Of The Global Shopping Centers Market
1. Executive Summary
2. Shopping Centers Market Report Structure
3. Shopping Centers Market Trends And Strategies
4. Shopping Centers Market - Macro Economic Scenario
5. Shopping Centers Market Size And Growth
…..
27. Shopping Centers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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