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Retail Industry Market Trends, Growth & Analysis | Global Forecast 2024-2031 | Kroger Co., Home Depot, Target Brands, Inc
Retail Industry Market
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What is the projected growth of the Global Retail Industry market?
Global Retail Industry Market reached US$ 28,680.3 billion in 2023 and is expected to reach US$ 51,554.7 billion by 2031, growing with a CAGR of 7.7% during the forecast period 2024-2031.
What is Retail Industry Market?
The Retail Industry Market encompasses physical and digital sales of consumer goods across supermarkets, e-commerce, specialty stores, and department chains. Driven by shifting consumer preferences, digital transformation, and omnichannel strategies, the market is evolving rapidly. Growth in AI-driven personalization, sustainable retailing, and mobile commerce further accelerates expansion, shaping the future of global retail.
Who are the major players in the Retail Industry market?
The prominent players in Retail Industry market research report are:
Walmart, Costco Wholesale Corporation, Amazon.com, Inc., Kroger Co., Home Depot, Target Brands, Inc., Walgreens Boots Alliance, Inc., ALDI, Best Buy and MagSon.
The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.
Key Development
In June 2024, Reliance Retail launched a pilot program in select areas of Mumbai and Navi Mumbai to offer instant delivery of groceries and fast-moving consumer goods (FMCG). Available through the JioMart mobile app, the service aims to cut delivery times from up to 12 hours (or even three days) to just 30-45 minutes as more stores are integrated.
In June 2023, Amazon introduced its "Global Store" in India, following successful rollouts in China and Mexico. This feature allows Indian shoppers to buy products directly from Amazon's US website and pay in local currency. The initiative strengthens Amazon's position in India's highly competitive e-commerce market, where it faces stiff competition from local giants like Flipkart.
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Market Segments
By Product: Apparel & Footwear, Food and Grocery Products, Health & Beauty, Electronics Furniture, Toys, Pet Care, Others.
By Sector: Organized, Unorganized.
By Distribution Channel: Supermarkets/Hypermarkets, Specialty Stores, Department Store, Convenience Stores, E-Commerce, Others.
The Retail Industry industry is experiencing rapid growth, driven by advancements in medical technologies, increased demand for innovative therapies, and a rising focus on patient-centered care. As these sectors evolve, the need for comprehensive market analysis becomes crucial to understand trends, regulatory changes, and emerging opportunities.
Regions Covered:
The global Retail Industry Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
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Benefits of the Report:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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