Retail Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type, By Sales Channel, By Region, By Competition, 2020-2030F

Description

The Global Retail Market, valued at USD 25.81 Trillion in 2024, is projected to experience a CAGR of 10.98% to reach USD 48.22 Trillion by 2030. The global retail market encompasses the direct sale of goods and services to end-consumers through an extensive array of physical and digital channels. This expansive market's growth is primarily supported by increasing disposable incomes in developing economies, accelerating global urbanization, and sustained worldwide population expansion.

Market Overview
Forecast Period	2026-2030
Market Size 2024	USD 25.81 Trillion
Market Size 2030	USD 48.22 Trillion
CAGR 2025-2030	10.98%
Fastest Growing Segment	Online
Largest Market	North America

Key Market Drivers

Digital transformation and technology integration fundamentally reshape the operational landscape of global retail. Retailers are increasingly leveraging advanced analytics, artificial intelligence, and automated systems to optimize inventory management, personalize customer experiences, and streamline checkout processes. This widespread adoption enhances operational efficiency and allows for a more responsive supply chain, directly influencing profitability and market agility. For instance, according to Retail Dive, October 2023, "Retailers eye tech investments for 2024 holiday season amid inflation", more than 9% of retailers anticipated increasing their technology budgets in 2024 compared to 2023. These technological advancements are not merely incremental improvements; they represent a foundational shift towards data-driven decision-making and interconnected retail ecosystems.

Key Market Challenges

The persistent vulnerability to significant supply chain disruptions represents a considerable impediment to the expansion of the global retail market. These disruptions manifest in various forms, including logistical bottlenecks, labor shortages, and unforeseen events, leading to substantial operational challenges for retailers worldwide. This directly impacts their ability to maintain optimal inventory levels and consistently meet consumer demand, subsequently affecting sales velocity and market reach.

Key Market Trends

The rise of recommerce and secondhand markets signifies a fundamental shift in consumer behavior toward sustainable and value-driven consumption. This trend extends beyond mere affordability, reflecting a growing consumer preference for environmental responsibility and unique product discovery. According to the National Retail Federation, in March 2024, almost half of consumers reported prioritizing needs over wants, a 26% increase compared to March 2020, indicating a heightened focus on practical value. This reorientation drives demand for pre-owned goods that offer both cost efficiency and a reduced environmental footprint.

Key Market Players

Walmart Inc.
Amazon.com, Inc.
Costco Wholesale Corporation
The Home Depot, Inc.
JD.com, Inc.
The Kroger Co.
Walgreens Boots Alliance, Inc.
Alibaba Group Holding Limited
Target Corporation
Lowe's Companies, Inc.

Report Scope:

In this report, the Global Retail Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Retail Market, By Type:

Food, Beverage, and Grocery
Personal and Household Care
Apparel, Footwear, and Accessories
Furniture and Home Decor
Toys, Hobby, and Household Appliances
Others

Retail Market, By Sales Channel:

Supermarkets & Hypermarkets
Convenience Stores
Specialty Stores
Online
Others

Retail Market, By Region:

North America
- United States
- Canada
- Mexico
Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
South America
- Brazil
- Argentina
- Colombia
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Retail Market.

Available Customizations:

Global Retail Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Retail Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Type (Food, Beverage, and Grocery, Personal and Household Care, Apparel, Footwear, and Accessories, Furniture and Home Decor, Toys, Hobby, and Household Appliances, Others)
- 5.2.2. By Sales Channel (Supermarkets & Hypermarkets, Convenience Stores, Specialty Stores, Online, Others)
- 5.2.3. By Region
- 5.2.4. By Company (2024)
5.3. Market Map

6. North America Retail Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Sales Channel
- 6.2.3. By Country
6.3. North America: Country Analysis
- 6.3.1. United States Retail Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Type
    - 6.3.1.2.2. By Sales Channel
- 6.3.2. Canada Retail Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Type
    - 6.3.2.2.2. By Sales Channel
- 6.3.3. Mexico Retail Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Type
    - 6.3.3.2.2. By Sales Channel

7. Europe Retail Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Sales Channel
- 7.2.3. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany Retail Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Type
    - 7.3.1.2.2. By Sales Channel
- 7.3.2. France Retail Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Type
    - 7.3.2.2.2. By Sales Channel
- 7.3.3. United Kingdom Retail Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Type
    - 7.3.3.2.2. By Sales Channel
- 7.3.4. Italy Retail Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Type
    - 7.3.4.2.2. By Sales Channel
- 7.3.5. Spain Retail Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Type
    - 7.3.5.2.2. By Sales Channel

8. Asia Pacific Retail Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Sales Channel
- 8.2.3. By Country
8.3. Asia Pacific: Country Analysis
- 8.3.1. China Retail Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Type
    - 8.3.1.2.2. By Sales Channel
- 8.3.2. India Retail Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Type
    - 8.3.2.2.2. By Sales Channel
- 8.3.3. Japan Retail Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Type
    - 8.3.3.2.2. By Sales Channel
- 8.3.4. South Korea Retail Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Type
    - 8.3.4.2.2. By Sales Channel
- 8.3.5. Australia Retail Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Type
    - 8.3.5.2.2. By Sales Channel

9. Middle East & Africa Retail Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Sales Channel
- 9.2.3. By Country
9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Retail Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Type
    - 9.3.1.2.2. By Sales Channel
- 9.3.2. UAE Retail Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Type
    - 9.3.2.2.2. By Sales Channel
- 9.3.3. South Africa Retail Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Type
    - 9.3.3.2.2. By Sales Channel

10. South America Retail Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By Sales Channel
- 10.2.3. By Country
10.3. South America: Country Analysis
- 10.3.1. Brazil Retail Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Type
    - 10.3.1.2.2. By Sales Channel
- 10.3.2. Colombia Retail Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Type
    - 10.3.2.2.2. By Sales Channel
- 10.3.3. Argentina Retail Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Type
    - 10.3.3.2.2. By Sales Channel

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Global Retail Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Walmart Inc.
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
15.2. Amazon.com, Inc.
15.3. Costco Wholesale Corporation
15.4. The Home Depot, Inc.
15.5. JD.com, Inc.
15.6. The Kroger Co.
15.7. Walgreens Boots Alliance, Inc.
15.8. Alibaba Group Holding Limited
15.9. Target Corporation
15.10. Lowe's Companies, Inc.