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Market Research Report
Product code
1091429
Retail And Wholesale Global Market Opportunities And Strategies To 2030: COVID-19 Impact And Recovery |
Retail And Wholesale Global Market Opportunities And Strategies To 2030: COVID-19 Impact And Recovery |
Published: June 17, 2022
The Business Research Company
Content info: 582 Pages
Delivery time: 2-3 business days
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“Retail And Wholesale Global Market Opportunities And Strategies To 2030: COVID-19 Impact And Recovery” from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global retail and wholesale market as it emerges from the COVID-19 shut down.
Where is the largest and fastest growing market for the retail and wholesale? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? “The retail and wholesale market global report” from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider retail and wholesale market; and compares it with other markets.
The retail market is further segmented by type into:
The wholesale market is further segmented by type into:
This report describes and evaluates the global retail and wholesale market. It covers three five-year periods including, 2015 to 2020, termed the historic period, 2020 through 2025, the forecast period, and 2025-2030 the forecast period.
The global retail and wholesale market reached a value of nearly $69,870.73 billion in 2020, having increased at a compound annual growth rate (CAGR) of 4.3% since 2015. The market is expected to grow at a CAGR of 7.5% from 2020 to reach $100,385.7 billion in 2025. The global retail and wholesale market is expected to reach $137,249.7 billion in 2030, at a CAGR of 6.5%.
Growth in the historic period resulted from rapid growth in population, strong economic growth in emerging markets, low interest rates, increasing population density in urban areas, FDI in retail in developing countries, and large availability of retail finance options. Factors that negatively affected growth in the historic period were increasing costs, skilled workforce shortages, increasing inventory levels, and unorganized retail in developing countries.
Going forward, rising population, increasing number of middle-class consumers, growth of e-commerce, technology advancement, impact of data analytics, and consumer preference for shopping local will drive growth. Factors that could hinder the growth of the retail and wholesale market in the future include direct selling by manufactures, geo-political tensions, and coronavirus pandemic.
The retail and wholesale market is segmented by type into retail and wholesale. The wholesale market was the largest segment of the retail and wholesale market segmented by type, accounting for 69.1% of the total in 2020. The retail distribution is expected to be the fastest growing segment, at a CAGR of 8.6% during 2020-2025.
The retail market is further segmented by type into motor vehicle and parts dealers, food and beverage stores, gasoline stations, miscellaneous store retailers, cosmetics and personal care stores, clothing and clothing accessories stores, electronics and appliance stores, furniture and home furnishings stores, supermarkets and hypermarkets, convenience, mom and pop stores, department stores & other general merchandise stores, ecommerce & other non-store retailers, building material and garden equipment and supplies dealers, pharmacies and healthcare stores, sporting goods, hobby, musical instrument, and book stores. The motor vehicle and parts dealers market was the largest segment of the retail market segmented by type, accounting for 6.0% of the total in 2020. The ecommerce & other non-store retailers market and it is expected to be the fastest growing segment, at a CAGR of 15.9% during 2020-2025.
The wholesale market is further segmented by type into non-durable goods wholesalers, wholesale electronic markets and agents and brokers, durable goods wholesalers. The durable goods wholesalers market was the largest segment of the wholesale market segmented by type, accounting for 39.2% of the total in 2020. The non-durable goods wholesalers market is expected to be the fastest growing segment, at a CAGR of 7.6% during 2020-2025.
The retail and wholesale market is also segmented by ownership into retail chain/wholesale chain and independent retailer/independent wholesalers. The independent retailer/independent wholesalers market was the largest segment of the retail and wholesale market segmented by ownership, accounting for 56.0% of the total in 2020. The retail chain/wholesale chain market is expected to be the fastest growing segment, at a CAGR of 9.1% during 2020-2025.
Asia-Pacific was the largest region in the global retail and wholesale market, accounting for 45.8% of the total in 2020. It was followed by North America, Western Europe, and then the other regions. Going forward, the fastest-growing regions in the retail and wholesale market will be South America and Middle East where growth will be at CAGRs of 12.3% and 10.2% respectively.
The retail and wholesale market is highly fragmented, with a large number of small players. The top ten competitors in the market made up to 2.71% of the total market in 2020. Major players in the market include Walmart Inc., Amazon.com, Inc., Costco Wholesale Corporation, CVS Health Corporation, Schwarz Group and others.
The top opportunities in the retail and wholesale market segmented by type will arise in the wholesale segment, which will gain $19,528.3 billion of global annual sales by 2025. The top opportunities in the retail and wholesale market segmented by ownership will arise in the retail chain/wholesale chain segment, which will gain $16,850.0 billion of global annual sales by 2025. The top opportunities in the retail market by type will arise in ecommerce & other non-store retailers market, which will gain $2,577.5 billion by 2025. The top opportunities in the wholesale market by type will arise in durable goods wholesalers market, which will gain $10,775.9 billion by 2025. The retail and wholesale market size will gain the most in China at $5,736.2 billion.
Market-trend-based strategies for the retail and wholesale market include investing in innovative technologies, adopting automation techniques, opening brick and mortar stores, working with big data analytics providers, adopting robotics, offering unique shopping experiences, investing in drone deliveries, providing omni channel shopping solutions, investing in sustainable products, adopting digital platforms, investing in smart shelf solutions, investing in unmanned convenience store, adopting an inventory management system, investing in RFID technology, consider collaborating with e-commerce players, using a predictive analytics tool, using an AI platform, invest in franchising, and investing in supermarkets.
Player adopted strategies include strengthening businesses through sustainable investments, expanding offline retail network, expanding in existing markets and new markets, establishing new stores and acquisitions.
To take advantage of the opportunities, The Business Research Company recommends the retail and wholesale companies to focus on automating store operations, focus on RFID technology, focus on offering drones and autonomous deliveries for retail operations, collaborate With e-commerce players, expand in emerging markets, set up authorized distributors and sales representatives, offer competitive pricing, leverage social media and focus on collaborating with e-commerce players.