The Retail Global Market Report 2023 by The Business Research Company, provides retail market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-yearforecast period – 2023-2032.
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According to The Business Research Company’s Retail Global Market Report 2023, the market size will grow from $26,178.76 billion in 2022 to $28,344.51 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of retail market is expected to grow to $37,665.83 billion in 2027 at a CAGR of 7.4%.
Many retailers are adopting a robust and cohesive strategy for data analytics in management. This technology is being deployed to enhance supply chain efficiency, streamline operations to engage customers, and build loyalty. Data has become critical for most retail operations.
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The retail market is segmented:
1) By Type: Motor Vehicle And Parts Dealers, Food And Beverage Stores, Gasoline Stations, Miscellaneous Store Retailers, Cosmetics And Personal Care Stores, Clothing And Clothing Accessories Stores, Electronics And Appliance Stores, Furniture And Home Furnishings Stores, Supermarkets And Hypermarkets, Convenience, Mom And Pop Stores, Department Stores And Other General Merchandise Stores, Ecommerce And Other Non-Store Retailers, Building Material and Garden Equipment and Supplies Dealers, Pharmacies and Healthcare Stores, Sporting Goods, Hobby, Musical Instrument, and Book Stores
2) By Ownership: Retail Chain, Independent Retailer
3) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, Department Stores, Specialty Stores, Online, Other Distribution Channels.
The retail market report table of contents includes:
1. Retail Market Executive Summary
2. Report Structure
3. Introduction
4. Retail Market Characteristics
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319. Nigeria Retail Market, Segmentation By Type, Historic And Forecast, 2015 – 2020, 2025F, 2030F, Value ($ Billion)
320. South Africa Retail Market
321. South Africa Retail Market, Historic Market Growth, 2015 – 2020, Value ($ Billion)
322. South Africa Retail Market, Forecast Market Growth, 2020 – 2025, 2030F, Value ($ Billion)
323. South Africa Retail
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