Reports
Global Retail Market Share, Size, Analysis: By Product: Food, Beverage and Grocery, Personal and Household Care, Apparel, Footwear, and Accessories, Furniture and Home Decor, Toys, Hobby, and Household Appliances, Industrial and Automotive, Others; By Sector; By Distribution Channel; Regional Analysis; Competitive Landscape; 2023-2028
Global Retail Market Outlook
The global retail market reached a value of about USD 23 trillion in 2022. The market is expected to further witness a healthy growth in the forecast period of 2023-2028.
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Thriving E-Commerce Industry to Augment the Growth of the Global Retail Market
Based on distribution channel, the e-commerce segment is witnessing a robust growth and is expected to account for a significant share in the industry in the forecast period. This can be attributed to the growing smartphone penetration and the ever-increasing usage of internet across the globe. The changing purchasing behaviour of consumers and an increasing number of suppliers selling online are also facilitating the market growth. The increasing adoption of Internet of Things (IoT) has revolutionised the e-commerce sector, which, in turn, is reshaping the overall retail industry. Meanwhile, there is expected to be a significant surge in the sales of online fresh groceries, which will aid the industry growth in the forecast period.
The Asia Pacific to Significantly Boost the Retail Industry Growth
The Asia Pacific accounts for a major share in the industry owing to the growing investments by the leading e-commerce companies in emerging economies like India and China. The fast-growing economies and the growing consumer disposable incomes in the region are favouring the industry growth. Moreover, the region is predicted to witness a robust growth in the forecast period owing to the growing tourism activities in countries, like Singapore, Malaysia, and Thailand. These nations are predicted to increase their market share as the growing travel and tourism activities are expected to augment the demand for products like apparel, luxury goods, and electronics.
The retail industry has been severely impacted with the global outbreak of the COVID-19 pandemic as retail sales experienced a drastic fall during the first half of 2020 owing to the stringent lockdown measures across various countries. The global retail sales fell by an average of 9.6% in 2020, representing a loss of USD 2.1 trillion. However, the market is expected to recover by 2021 and witness a steady growth in the forecast period.
Retail: Market Segmentation
Retail refers to the process of selling consumer goods or services through various channels of distribution to satisfy the demand of the consumers. A retail transaction mostly handles small quantities of goods or services.
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By product, the market is divided into:
- Food, Beverage and Grocery
- Personal and Household Care
- Apparel, Footwear, and Accessories
- Furniture, Home Décor
- Toys, Hobby, and Household Appliances
- Industrial and Automotive
- Electronic, Consumer Durables and IT
- Pharmaceuticals
- Others
Based on sector, the market is bifurcated:
- Organised
- Unorganised
Based on distribution channel, the market is divided into:
- Supermarkets & Hypermarkets
- Convenience Stores
- Specialty Stores
- Online
- Others
The regional markets for retail include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Enhancement in Technology to Bolster the Growth of the Retail Industry
The retail industry is being driven by the rapid technological innovations. This can be attributed to the increasing popularity of augmented reality among retailers as well as consumers as it provides enhanced consumer experience. The incorporation of augmented reality allows consumers to visualise the selected items. Moreover, the internet is revolutionising the retail industry by allowing retailers to increase their audience from the local area to overseas and increase the expediency of customer, thus, triggering the industry growth. The proliferating usage of smartphone and the increasing consumer accessibility to everyday essentials from the comfort of home have also propelled the market growth. Other factors like rapid urbanisation and escalating disposable incomes are also aiding market growth.
Key Industry Players in the Global Retail Market
The report gives a detailed analysis of the following key players in the global retail market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- 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.
- The Schwarz Group
- Koninklijke Ahold Delhaize N.V.
- Carrefour Group
- Auchan Retail International
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product |
|
| Breakup by Sector |
|
| Breakup by Distribution Channel |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Retail Market Analysis
8.1 Key Industry Highlights
8.2 Global Retail Historical Market (2018-2022)
8.3 Global Retail Market Forecast (2023-2028)
8.4 Global Retail Market by Product
8.4.1 Food, Beverage, and Grocery
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Personal and Household Care
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Apparel, Footwear, and Accessories
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Furniture and Home Décor
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Toys, Hobby, and Household Appliances
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2022)
8.4.5.3 Forecast Trend (2023-2028)
8.4.6 Industrial and Automotive
8.4.6.1 Market Share
8.4.6.2 Historical Trend (2018-2022)
8.4.6.3 Forecast Trend (2023-2028)
8.4.7 Electronic, Consumer Durables and IT
8.4.7.1 Market Share
8.4.7.2 Historical Trend (2018-2022)
8.4.7.3 Forecast Trend (2023-2028)
8.4.8 Pharmaceuticals
8.4.8.1 Market Share
8.4.8.2 Historical Trend (2018-2022)
8.4.8.3 Forecast Trend (2023-2028)
8.4.9 Others
8.5 Global Retail Market by Sector
8.5.1 Organised
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Unorganised
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global Retail Market by Distribution Channel
8.6.1 Supermarkets and Hypermarkets
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Convenience Stores
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Speciality Stores
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Online
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Others
8.7 Global Retail Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Retail Market Analysis
9.1 Market by Product
9.2 Market by Sector
9.3 Market by Distribution Channel
9.4 Market by Country
9.4.1 United States of America
9.4.1.1 Market Share
9.4.1.2 Historical Trend (2018-2022)
9.4.1.3 Forecast Trend (2023-2028)
9.4.2 Canada
9.4.2.1 Market Share
9.4.2.2 Historical Trend (2018-2022)
9.4.2.3 Forecast Trend (2023-2028)
10 Europe Retail Market Analysis
10.1 Market by Product
10.2 Market by Sector
10.3 Market by Distribution Channel
10.4 Market by Country
10.4.1 United Kingdom
10.4.1.1 Market Share
10.4.1.2 Historical Trend (2018-2022)
10.4.1.3 Forecast Trend (2023-2028)
10.4.2 Germany
10.4.2.1 Market Share
10.4.2.2 Historical Trend (2018-2022)
10.4.2.3 Forecast Trend (2023-2028)
10.4.3 France
10.4.3.1 Market Share
10.4.3.2 Historical Trend (2018-2022)
10.4.3.3 Forecast Trend (2023-2028)
10.4.4 Italy
10.4.4.1 Market Share
10.4.4.2 Historical Trend (2018-2022)
10.4.4.3 Forecast Trend (2023-2028)
10.4.5 Others
11 Asia Pacific Retail Market Analysis
11.1 Market by Product
11.2 Market by Sector
11.3 Market by Distribution Channel
11.4 Market by Country
11.4.1 China
11.4.1.1 Market Share
11.4.1.2 Historical Trend (2018-2022)
11.4.1.3 Forecast Trend (2023-2028)
11.4.2 Japan
11.4.2.1 Market Share
11.4.2.2 Historical Trend (2018-2022)
11.4.2.3 Forecast Trend (2023-2028)
11.4.3 India
11.4.3.1 Market Share
11.4.3.2 Historical Trend (2018-2022)
11.4.3.3 Forecast Trend (2023-2028)
11.4.4 ASEAN
11.4.4.1 Market Share
11.4.4.2 Historical Trend (2018-2022)
11.4.4.3 Forecast Trend (2023-2028)
11.4.5 South Korea
11.4.5.1 Market Share
11.4.5.2 Historical Trend (2018-2022)
11.4.5.3 Forecast Trend (2023-2028)
11.4.6 Australia
11.4.6.1 Market Share
11.4.6.2 Historical Trend (2018-2022)
11.4.6.3 Forecast Trend (2023-2028)
11.4.7 Others
12 Latin America Retail Market Analysis
12.1 Market by Product
12.2 Market by Sector
12.3 Market by Distribution Channel
12.4 Market by Country
12.4.1 Brazil
12.4.1.1 Market Share
12.4.1.2 Historical Trend (2018-2022)
12.4.1.3 Forecast Trend (2023-2028)
12.4.2 Argentina
12.4.2.1 Market Share
12.4.2.2 Historical Trend (2018-2022)
12.4.2.3 Forecast Trend (2023-2028)
12.4.3 Mexico
12.4.3.1 Market Share
12.4.3.2 Historical Trend (2018-2022)
12.4.3.3 Forecast Trend (2023-2028)
12.4.4 Others
13 Middle East and Africa Retail Market Analysis
13.1 Market by Product
13.2 Market by Sector
13.3 Market by Sales Channel
13.4 Market by Country
13.4.1 Saudi Arabia
13.4.1.1 Market Share
13.4.1.2 Historical Trend (2018-2022)
13.4.1.3 Forecast Trend (2023-2028)
13.4.2 United Arab Emirates
13.4.2.1 Market Share
13.4.2.2 Historical Trend (2018-2022)
13.4.2.3 Forecast Trend (2023-2028)
13.4.3 Nigeria
13.4.3.1 Market Share
13.4.3.2 Historical Trend (2018-2022)
13.4.3.3 Forecast Trend (2023-2028)
13.4.4 South Africa
13.4.4.1 Market Share
13.4.4.2 Historical Trend (2018-2022)
13.4.4.3 Forecast Trend (2023-2028)
13.4.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Walmart Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Amazon.com, Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Costco Wholesale Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 The Home Depot, Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 JD.com, Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 The Kroger Co.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Walgreens Boots Alliance, Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Alibaba Group Holding Limited
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Target Corporation
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Lowe's Companies, Inc.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 The Schwarz Group
15.2.11.1 Company Overview
15.2.11.2 Product Portfolio
15.2.11.3 Demographic Reach and Achievements
15.2.11.4 Certifications
15.2.12 Koninklijke Ahold Delhaize N.V.
15.2.12.1 Company Overview
15.2.12.2 Product Portfolio
15.2.12.3 Demographic Reach and Achievements
15.2.12.4 Certifications
15.2.13 Carrefour Group
15.2.13.1 Company Overview
15.2.13.2 Product Portfolio
15.2.13.3 Demographic Reach and Achievements
15.2.13.4 Certifications
15.2.14 Auchan Retail International
15.2.14.1 Company Overview
15.2.14.2 Product Portfolio
15.2.14.3 Demographic Reach and Achievements
15.2.14.4 Certifications
15.2.15 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Retail Market: Key Industry Highlights, 2018 and 2028
2. Global Retail Historical Market: Breakup by Product (USD Million), 2018-2022
3. Global Retail Market Forecast: Breakup by Product (USD Million), 2023-2028
4. Global Retail Historical Market: Breakup by Sector (USD Million), 2018-2022
5. Global Retail Market Forecast: Breakup by Sector (USD Million), 2023-2028
6. Global Retail Historical Market: Breakup by Distribution Channel (USD Million), 2018-2022
7. Global Retail Market Forecast: Breakup by Distribution Channel (USD Million), 2023-2028
8. Global Retail Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Retail Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Retail Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Retail Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Retail Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Retail Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Retail Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Retail Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Retail Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Retail Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Retail Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Retail Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global Retail Market Structure
Key Questions Answered in the Report
In 2022, the global retail market attained a value of nearly USD 23 trillion.
The major market drivers are rising population, growing smartphone penetration, and the ever-increasing usage of internet across the globe.
The key trends in the market are rapid technological innovations and increasing popularity of augmented reality among retailers.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with Asia Pacific accounting for the largest share in the market.
The products in the market include food, beverage and grocery, personal and household care, apparel, footwear, and accessories, furniture and home décor, toys, hobby, and household appliances, industrial and automotive, electronic, consumer durables and IT, and pharmaceuticals, among others.
The sectors in the market can be segmented into organised and unorganised.
The distribution channel segment is led by supermarkets and hypermarkets.
The major players in the market are 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., The Schwarz Group, Koninklijke Ahold Delhaize N.V., Carrefour Group, and Auchan Retail International, among others.
Analyst Review
The global retail market attained a value of USD 23 trillion in 2022, driven by the growing smartphone penetration and the ever-increasing usage of internet across the globe. Aided by the rapid technological innovations and increasing popularity of augmented reality among retailers, the market is likely to grow in the coming years.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on product, the market is divided into food, beverage and grocery, personal and household care, apparel, footwear, and accessories, furniture and home décor, toys, hobby, and household appliances, industrial and automotive, electronic, consumer durables and IT, and pharmaceuticals, among others. On the basis of distribution channels, the supermarkets and hypermarkets sector accounts for the leading share in the industry. The major regional markets for retail are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with Asia Pacific accounting for the largest share of the market. The key players in the above market include 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., The Schwarz Group, Koninklijke Ahold Delhaize N.V., Carrefour Group, and Auchan Retail International, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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