2025-2034 Shopping Centers Market Outlook: Key Drivers, Emerging Challenges, and Strategic Insights

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Will the Shopping Centers Industry Market Size Be by 2025?
In recent years, there has been a robust expansion in the market size of shopping centers. The market is projected to escalate from a value of $5849.97 billion in 2024 to an estimated $6276.84 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.3%. Factors such as the increase in automobiles and suburbanization, the infusion of entertainment and leisure aspects, swelling population, an upward trend in the standard of living, and a boost in middle-class income have all contributed to the historical growth period.

What's the Long-Term Growth Forecast for the Shopping Centers Market Size Through 2029?
In the coming years, the market size for shopping centers is predicted to witness robust growth, reaching $8216.44 billion by 2029 with a compound annual growth rate (CAGR) of 7.0%. This growth is largely due to factors such as a rise in daily necessities' consumption, enhanced purchasing power, increased digital connectivity, an escalating number of financially independent women, and the hike in expenditure on trendy clothes. The future trends in the market would involve the integration of artificial intelligence in shopping centers, more emphasis on technology and digital transformation, mixed-use development, novel product development for gaining higher market shares, and heightened prioritization of health and safety.

View the full report here:
https://www.thebusinessresearchcompany.com/report/shopping-centers-global-market-report

What Are the Key Growth Drivers Fueling the Shopping Centers Market Expansion?
The anticipated growth of the shopping centers market is being driven by an increase in spending on fashionable clothing and accessories. Fashionable apparel, defined by its trendiness, style, and alignment with the latest fashion trends, is seeing a surge in demand as a result of rising disposable incomes, the influence of social media, celebrity endorsements, the prevalence of fast fashion, and changing consumer tastes. Shopping centers serve as the focal point for fashionable apparel, with a broad spectrum of fashion retailers from high-end boutiques to mainstream brands, presenting and selling a wide range of trendy clothes, accessories, and shoes. For example, in June 2024, LendingTree, an online marketplace company based in the US, stated that in 2022, American households allocated on average 2.7% of their budget to apparel and related services, equivalent to roughly $1,945 out of an average yearly expenditure of $72,967. This represents a marginal increase from 2.6% in 2021. As a result, the growth of the shopping center market is fueled by increased spending on fashionable clothing.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=18467&type=smp

What Are the Key Trends Driving Shopping Centers Market Growth?
Leading organizations in the shopping centers industry are investing in cutting-edge technologies like advanced computer vision, which aims to make shopping experience smoother and quicker by eliminating conventional checkout processes. Advanced computer vision technology leverages artificial intelligence and machine learning algorithms for understanding and interpreting visual data from the real-world, such as images and videos, thereby helping with object detection, facial recognition, and understanding of scenes. As an example, in July 2024, REWE Group, a supermarket, hypermarket, discount store, and drugstore operator from Germany, unveiled Europe's most significant autonomous supermarket, Pick&Go, in Hamburg. The store, which spans 1,200 square meters, and carries around 20,000 different items, employs advanced computer vision technology for a checkout-free shopping experience. Customers have the convenience to choose from four payment options - traditional checkout, self-scanning, cashless through the Pick&Go application, or via computer vision-activated terminals. Underlining its commitment to customer privacy, REWE gathered minimal data, in contrast to similar systems.

How Is the 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

Subsegments:
1) By Regional Malls: Super-Regional Malls, Community Malls
2) By Neighborhood Centers: Convenience Centers, Strip Malls
3) By Outlet Malls: Factory Outlet Malls, Designer Outlet Malls
4) By Lifestyle Centers: Open-Air Lifestyle Centers, Urban Lifestyle Centers
5) By Mixed-Use Development: Retail And Residential Mixed-Use, Retail And Office Mixed-Use, Retail And Entertainment Mixed-Use

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=18467&type=smp

Which Companies Are Leading the Charge in Shopping Centers Market Innovation?
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.

Which Regions Are Leading the Global Shopping Centers Market in Revenue?
North America was the largest region in the shopping centers market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the shopping centers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=18467

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.