The retail industry in Global continues to maintain its momentum, driven by economic and social developments and population growth. Key factors in the growth of retail industry are robust economic growth, rising population, changing consumer trends and rising purchasing power. Retail industry in the Global region will expand at a CAGR of 6.9% over 2013-18 will be $20 trillion in 2018. Dominated by US, China comes to Second.
USA has the highest share of retail market in the world, followed by China. Standing of India during the period is most optimistic, with an expected CAGR of above 16% followed by Indonesia with a CAGR of 14%, China and Vietnam. Other Global nations are expected to register a CAGR of 1% – 12%.
Global retail sector is driven by rising disposable income and consumer confidence. Retail market is badly affected by low GDP per capita of developing and undeveloped countries and high youth unemployment in developing countries. Liberal retail policies and removal of trade barriers and linkage to World Trade Organization (WTO) are helping the retail sector growth worldwide.
What the report offers
The study elucidates the situation of Global Retail Industry and its growth. Report talks about growth, market trends, progress, challenges, opportunities, technologies in use, growth forecast, major companies, upcoming companies and projects etc. in the Retail sector of Global. In addition to it, the report also talks about economic conditions of and future forecast of its current economic scenario and effect of its current policy changes in to its economy, reasons and implications on the growth of this sector. Lastly, the report is segmented by various types’ Retail available in the country.
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