Overview and Scope
Retailers are independent organizations in the distribution channel for consumer goods that buy goods from wholesalers or direct from producers, break bulk, store goods, display goods for sale either physically or online, sell to ultimate users or sometimes deliver. Wholesalers are independent organizations in the distribution channel for consumer goods that buy in bulk, store goods, break bulk and sell merchandise primarily to retailers, professional authorities or to other wholesalers rather than to consumers.
Sizing and Forecast
The retail and wholesale market size has grown strongly in recent years. It will grow from $78335.27 billion in 2023 to $84328.43 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to 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.
The retail and wholesale market size is expected to see strong growth in the next few years. It will grow to $110851.77 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to 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. Major trends in the forecast period 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..
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Segmentation & Regional Insights
The retail and wholesale market covered in this report is segmented –
1) By Type: Retail, Wholesale
2) By Ownership: Retail Chain/Wholesale Chain, Independent Retailer/Independent Wholesalers
3) By Price Range: Premium, Mid Range, Economy
4) By Distribution Channel: Supermarkets/Hypermarkets, Convienience Stores, Department Stores, Specialty Stores, Online, Other Distribution Channels
Sub segments: 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 And Other General Merchandise Stores, Ecommerce And Other Non-Store Retailers, Building Material And Garden Equipment And Supplies Dealers, Pharmacies And Healthcare Stores, Sporting Goods, Hobby, Musical Instrument And Book Stores, Non-Durable Goods Wholesalers, Wholesale Electronic Markets & Agents And Brokers, Durable Goods Wholesalers
Asia-Pacific was the largest region in the retail and wholesale market in 2023. North America was the second-largest region in the retail and wholesale market. The regions covered in the retail and wholesale market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Many retailers and wholesalers are adopting a robust and cohesive strategy for data analytics in management. This technology is being deployed to enhance supply chain efficiency, streamline operations to engage customers, and build loyalty. Data has become critical for most retail operations. With the rapid growth in retail data and the availability of technologies to analyze data, it would become easier for retailers to identify and meet the needs and expectations of their customers. This is expected to drive the market going forward.
Key Industry Players
Major companies operating in the retail and wholesale market report are Walmart Inc., Amazon.com, Inc., Costco Wholesale Corporation, CVS Health Corporation, Schwarz Group, Walgreens Boots Alliance, Inc., The Kroger Company, AmerisourceBergen Corporation, The Home Depot, Inc., Target Corporation, Nice Tuan, Easyhome New Retail Group Co. Ltd., Bianlifeng, Suning.com, Seven-Eleven, Lawson, Family Mart, Ministop, V-Mart Retail, Infiniti Retail Ltd, Uniqlo, Seven &i Holdings Co., Ltd., Muji, JB Hi-Fi, Flipkart Wholesale, MaxWholesale, Jumbotail, ShopKirana, Alibaba, Shein, Rakuten, Marubeni, Woolworths Wholesale, Auchan Holding SA, SPAR, Carrefour SA, Tesco, Metro AG, Musgrave, Sainsbury’s, Aldi GmbH & Co. KG, Co-operative Group Limited, McColl’s, Wm Morrison Supermarkets plc, Waitrose & Partners, Groupe Casino, Marks and Spencer Group plc, Mercadona, Rewe Group, Asda Stores Ltd., Kitwave Group, Hancocks Cash & Carry, Surya Foods Online, Brenntag AG, Phoenix Pharmahandel GmbH & Co., X5 Retail Group, Magnit, Profi, Lenta, Dixy Group, Stokrotka Sp. z o.o., Perekrestok Express, O’Key Group, Globus, Zabka, Spolem, Groszek, Eurocash, Ozon, 36.6 Group, Qoovee, Avalon, Stanro Grupa mpt, Frisco.pl, Pelion, Makro Cash & Carry ČR (Czech Republic), Staples, Sportsman’s Warehouse Holdings Inc., Empire Company Ltd., Yesway, Alimentation Couche-Tard, Casey’s general stores, Love’s Travel Stops & Country Stores, Marathon Petroleum Corporation, Needs Convenience, OXXO, C&S Wholesale Grocers, Heineken, Supervalu, Spartan, Nash Performance Food Group Company, McKesson Corporation, Sysco Corporation, United Natural Foods, Clif Bar & Company, First Quality Enterprises, Harlan Bakeries, Steeped Tea, Sercal, Africa Imports, Apparel de México, S.A. de C.V., Exalta Hero, Distribuidora de Medicamentos SantaCruz, Audifar Comercial Ltd., Aurora, Caromar, El Comercio, Allpa, Majid Al Futtaim, AlHokair Fashion Retail, Azadea Group, Savola, Almeera Group, Al Madina Group, Lulu, Al Tayer Group, Circle K, M.G.S. Sport Trading Ltd., Chalhoub Group, Silver Line Gate Foodstuff Trading L.L.C., Choppies, Shoprite Holdings, Pick n Pay Stores, Massmart, FreshStop, Freshzo Foods and Food Lover’s Market
The retail and wholesale market report table of contents includes:
1. Executive Summary
2. Retail And Wholesale Market Characteristics
3. Retail And Wholesale Product/Service Analysis -Product/Service Examples
4. Retail And Wholesale Market Trends And Strategies
5. Retail And Wholesale Market – Macro Economic Scenario
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68. Global Retail And Wholesale Market Competitive Benchmarking
69. Global Retail And Wholesale Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Retail And Wholesale Market
71. Retail And Wholesale Market Future Outlook and Potential Analysis
72. Appendix
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