Shopping Centers Global Market Report 2024

Description

Shopping centers are expansive complexes that accommodate numerous retail stores and other commercial entities within a single location. They are crafted to offer consumers a variety of goods and services in a convenient and often visually appealing setting.

Shopping centers can be categorized into several types, regional malls, neighborhood centers, outlet malls, lifestyle centers, and mixed-use developments. Regional malls are extensive shopping hubs that cater to a wide region and usually feature an extensive assortment of stores, including department stores, specialty retailers, and entertainment options. These malls often showcase a blend of national and international brands. They offer a diverse range of products such as clothing and accessories, fast-moving consumer goods (FMCG), hardline and softline items, and more. The tenants at these centers include retail shops, dining establishments, entertainment facilities, and additional commercial entities.

The shopping centers market research report is one of a series of new reports from The Business Research Company that provides shopping centers market statistics, including shopping centers industry global market size, regional shares, competitors with a shopping centers market share, detailed shopping centers market segments, market trends, and opportunities, and any further data you may need to thrive in the shopping centers industry. This shopping centers research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

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 historical growth can be ascribed to several factors, the expansion of automobiles and suburban living, the integration of entertainment and leisure, population increase, improvements in living standards, and a rise in middle-class incomes.

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%. The historical growth can be ascribed to several factors, the expansion of automobiles and suburban living, the integration of entertainment and leisure, population increase, improvements in living standards, and a rise in middle-class incomes.

Increased spending on fashionable apparel is expected to drive growth in the shopping centers market in the coming years. Fashionable apparel includes trendy clothing and accessories that align with current fashion trends and styles. This surge in spending is fueled by factors such as rising disposable incomes, the influence of social media, endorsements by celebrities, the availability of fast fashion, and evolving consumer preferences. Shopping centers serve as central hubs where a diverse range of fashion retailers, from high-end boutiques to mainstream brands, offer a wide selection of stylish clothing, accessories, and footwear. For instance, spending on apparel and related services in the United States rose from $1,434 in 2020 to $1,754 in 2021, with significant growth observed in categories such as other apparel products and services, which saw a 48.6% increase, according to the Bureau of Labor Statistics.

Leading companies in the shopping centers market are focusing on innovation, particularly in the development of advanced technologies such as fully autonomous and contactless cashier-less systems, to enhance customer experiences and operational efficiency. These systems allow customers to shop and pay without interacting with human cashiers, leveraging automation for a seamless shopping experience. For example, Abu Dhabi National Oil Company for Distribution (ADNOC Distribution) introduced the ADNOC Oasis store in November 2021, featuring a cutting-edge cashless and contactless payment system and AI-enhanced shopping environment. This innovation caters to busy customers by eliminating the need to queue or wait for available staff, setting a new standard in convenience and efficiency in retail environments.

In February 2024, Whitestone REIT, a US-based real estate agency, acquired the Garden Oaks Shopping Center to expand its portfolio of retail properties and strengthen its market presence in Houston. This acquisition underscores Whitestone REIT's strategy to capitalize on strategic locations and growth opportunities within the retail sector, particularly in community-focused shopping centers such as Garden Oaks, which cater to local consumer needs and preferences.

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., Klepierre S.A., Macerich, CBL & Associates Properties Inc., Pennsylvania Real Estate Investment Trust, Mercialys SA, ECE Group GmbH & Co. KG, Hammerson plc, Ivanhoe Cambridge Inc, Sunshine Shopping Center Co. Ltd.

North America was the largest region in the shopping centers market in 2023. 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.

The countries covered in the shopping centers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The shopping centers market includes revenues earned by entities by providing retail space leasing, concierge services, community center, superregional center, specialty center, and festival center. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Shopping Centers Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on shopping centers market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
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Where is the largest and fastest growing market for shopping centers ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The shopping centers 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.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered: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
Companies Mentioned: Walmart Inc.; Amazon Inc.; The Home Depot Inc.; Kroger Company; Tesco plc
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r19781

1. Executive Summary

2. Shopping Centers Market Characteristics

3. Shopping Centers Market Trends And Strategies

4. Shopping Centers Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Shopping Centers Market Size and Growth

5.1. Global Shopping Centers Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Shopping Centers Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Shopping Centers Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Shopping Centers Market Segmentation

6.1. Global Shopping Centers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Regional Malls
Neighborhood Centers
Outlet Malls
Lifestyle Centers
Mixed Use Development
6.2. Global Shopping Centers Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Apparel And Accessories
Fast Moving Consumer Goods (FMCG)
Hardline And Softline
Diversified
6.3. Global Shopping Centers Market, Segmentation By Tenant, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Retail Stores
Restaurants
Entertainment Venues
Other Tenants

7. Shopping Centers Market Regional And Country Analysis

7.1. Global Shopping Centers Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Shopping Centers Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Shopping Centers Market

8.1. Asia-Pacific Shopping Centers Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Shopping Centers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Shopping Centers Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Shopping Centers Market, Segmentation By Tenant, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Shopping Centers Market

9.1. China Shopping Centers Market Overview
9.2. China Shopping Centers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Shopping Centers Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Shopping Centers Market, Segmentation By Tenant, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Shopping Centers Market

10.1. India Shopping Centers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Shopping Centers Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Shopping Centers Market, Segmentation By Tenant, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Shopping Centers Market

11.1. Japan Shopping Centers Market Overview
11.2. Japan Shopping Centers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Shopping Centers Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Shopping Centers Market, Segmentation By Tenant, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Shopping Centers Market

12.1. Australia Shopping Centers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Shopping Centers Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Shopping Centers Market, Segmentation By Tenant, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Shopping Centers Market

13.1. Indonesia Shopping Centers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Shopping Centers Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Shopping Centers Market, Segmentation By Tenant, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Shopping Centers Market

14.1. South Korea Shopping Centers Market Overview
14.2. South Korea Shopping Centers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Shopping Centers Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Shopping Centers Market, Segmentation By Tenant, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Shopping Centers Market

15.1. Western Europe Shopping Centers Market Overview
15.2. Western Europe Shopping Centers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Shopping Centers Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Shopping Centers Market, Segmentation By Tenant, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Shopping Centers Market

16.1. UK Shopping Centers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Shopping Centers Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Shopping Centers Market, Segmentation By Tenant, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Shopping Centers Market

17.1. Germany Shopping Centers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Shopping Centers Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Shopping Centers Market, Segmentation By Tenant, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Shopping Centers Market

18.1. France Shopping Centers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Shopping Centers Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Shopping Centers Market, Segmentation By Tenant, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Shopping Centers Market

19.1. Italy Shopping Centers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Shopping Centers Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Shopping Centers Market, Segmentation By Tenant, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Shopping Centers Market

20.1. Spain Shopping Centers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Shopping Centers Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Shopping Centers Market, Segmentation By Tenant, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Shopping Centers Market

21.1. Eastern Europe Shopping Centers Market Overview
21.2. Eastern Europe Shopping Centers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Shopping Centers Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Shopping Centers Market, Segmentation By Tenant, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Shopping Centers Market

22.1. Russia Shopping Centers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Shopping Centers Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Shopping Centers Market, Segmentation By Tenant, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Shopping Centers Market

23.1. North America Shopping Centers Market Overview
23.2. North America Shopping Centers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Shopping Centers Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Shopping Centers Market, Segmentation By Tenant, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Shopping Centers Market

24.1. USA Shopping Centers Market Overview
24.2. USA Shopping Centers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Shopping Centers Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Shopping Centers Market, Segmentation By Tenant, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Shopping Centers Market

25.1. Canada Shopping Centers Market Overview
25.2. Canada Shopping Centers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Shopping Centers Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Shopping Centers Market, Segmentation By Tenant, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Shopping Centers Market

26.1. South America Shopping Centers Market Overview
26.2. South America Shopping Centers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Shopping Centers Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Shopping Centers Market, Segmentation By Tenant, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Shopping Centers Market

27.1. Brazil Shopping Centers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Shopping Centers Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Shopping Centers Market, Segmentation By Tenant, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Shopping Centers Market

28.1. Middle East Shopping Centers Market Overview
28.2. Middle East Shopping Centers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Shopping Centers Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Shopping Centers Market, Segmentation By Tenant, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Shopping Centers Market

29.1. Africa Shopping Centers Market Overview
29.2. Africa Shopping Centers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Shopping Centers Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Shopping Centers Market, Segmentation By Tenant, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Shopping Centers Market Competitive Landscape And Company Profiles

30.1. Shopping Centers Market Competitive Landscape
30.2. Shopping Centers Market Company Profiles
- 30.2.1. Walmart Inc.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Amazon Inc.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. The Home Depot Inc.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Kroger Company
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Tesco plc
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Shopping Centers Market Other Major And Innovative Companies

31.1. Brookfield Property Partners L.P.
31.2. Simon Property Group Inc.
31.3. Unibail-Rodamco-Westfield SE
31.4. Taubman Centers Inc.
31.5. Kimco Realty Corporation
31.6. Tripadvisor Inc.
31.7. Klepierre S.A.
31.8. Macerich
31.9. CBL & Associates Properties Inc.
31.10. Pennsylvania Real Estate Investment Trust
31.11. Mercialys SA
31.12. ECE Group GmbH & Co. KG
31.13. Hammerson plc
31.14. Ivanhoe Cambridge Inc
31.15. Sunshine Shopping Center Co. Ltd.

32. Global Shopping Centers Market Competitive Benchmarking

33. Global Shopping Centers Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Shopping Centers Market

35. Shopping Centers Market Future Outlook and Potential Analysis

35.1 Shopping Centers Market In 2028 - Countries Offering Most New Opportunities
35.2 Shopping Centers Market In 2028 - Segments Offering Most New Opportunities
35.3 Shopping Centers Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer