facts. Retail Industry is poised to grow at a CAGR of 4.5% by 2027, rising demand for the market as e-commerce has emerged as a major shopping platform in the world. Global Rail Infrastructure Industry Research Report, Growth Trends and Competitive Analysis 2022-2028. Feb 3, 2022 The timeline presents the compound annual growth rate of retail sales in selected industries worldwide from 2012 to 2017 and provides a forecast from 2018 to 2021. Considering the influence of COVID-19 on the global POS Retail System Software market, this report analyzed the impact from both global and regional perspectives. India is the world's fifth-largest global destination in the retail space. The biggest drivers of the rising retail industry growth rate are the worlds largest retailers. We estimate that the global retail market will reach $25.038 trillion in 2019, an increase of 4.5% and slight acceleration in growth vs. the prior year. Quick Analysis with our professional Research Service: Toplists & Rankings: Best Employers Portal. More Lupine Skelly Retail, Wholesale & Distribution Research Leader lskelly@deloitte.com +1 206 716 7187 the global retail cosmetic stores market analysis provides overview such as market share, competitive landscape analysis, development trends, major regions, growth status, segmentations and. Indian retail industry has emerged as one of the most dynamic and fast-paced industries due to the entry of several new players. are located in the US and Europe, with more from the former. The biggest drivers of the rising retail industry growth rate are the worlds largest retailers. Indian retail market is projected to reach approximately $2 tn by 2032 from 690 $ Bn in 2021. Its expected to rise further to 3.5 percent in 2023. For example, Amazon has been investing in its Prime Air deliveries via drones, which claims to complete the delivery within 30 minutes. ", eMarketer, Projected retail sales growth worldwide from 2022 to 2025 Statista, https://www.statista.com/statistics/232347/forecast-of-global-retail-sales-growth/ (last visited November 07, 2022), Projected retail sales growth worldwide from 2022 to 2025, Estimated value of global retail sales 2021-2025, by sales channel, Retail e-commerce sales growth worldwide 2017-2026, E-commerce share of retail by region in 2020 with a forecast for 2025, United States: total retail sales in the United States 1992-2021, Retail trade sales trend in the European Union (EU-27) 2008-2021, Retail trade sales growth in Europe 2021, by country, Revenue of retail enterprises above designated size in China 2010-2020, India: retail market value India 2018-2026, Latin America: retail sales value 2017-2022, World: retail market attractiveness of selected countries 2021, World: retail revenue CAGR of top retailers FY2015-FY2020, World: leading retailers 2027, by forecast total chain retail sales, World: number of stores of the leading retailers 2021, World: value of the top retail brands 2022, Leading global retailers based on market cap as of Q4 2021, Worldwide grocery sales in 2021 and 2026, by channel, CAGR of the global retail sector 2021-2026, by product category, Channel share of the store-based grocery sales worldwide 2021-2026, Health, beauty and personal care: estimated global sales value 2022-2027, by channel, Household and pet care: estimated global sales value 2021-2026, by channel, Global electricals, office, leisure, and entertainment sales 2021-2026, Leading electronics, office, and leisure retailers worldwide 2021-2026, by sales, Worldwide: favorite buying methods by generation 2021, Share of e-commerce companies planning to sell via social media 2021, Financing of retail technology deals worldwide 2015-2021, Investment in AR/VR technology worldwide in 2024, by use case, Reasons for purchasing sustainable products in selected countries worldwide in 2021, Global: leading reasons to purchase sustainable items 2021, Brand attributes that are important to consumers worldwide 2020, Grocery choices based on sustainability in selected countries worldwide in 2021, Forecast of retail sales growth in Singapore 2008-2018, Forecast of retail sales growth in Australia between 2008-2018, Forecast of retail sales value in Australasia and Asia between 2008-2018, Forecast of retail sales growth in Asia and Australasia 2008-2018, Forecast of retail sales growth in New Zealand 2008-2018, Forecast for value of retail sales 2011-2018, by region, Forecast of retail sales growth in Latin America 2008-2018, Forecast of retail sales growth in Malaysia 2008-2018, Forecast of the value of retail sales in Western Europe 2008-2018, Forecast of retail sales growth in the Middle East and North Africa 2008-2018, Forecast for Taiwan's retail sales growth 2008-2018, Forecast for the value of retail sales in the Middle East and Africa 2011-2018, Forecast of retail sales growth in North America 2008-2018, Monthly retail sales growth Thailand 2021-2022, Forecast for the value of retail sales in North America 2008-2018, United States: annual retail industry sales 2002-2021, Harvey Norman Holdings Limited reported profit after tax and NCI Australia 2014-2019, Industry revenue of tire dealers in Washington 2012-2024, Industry revenue of retail trade in Illinois 2012-2024, Find your information in our database containing over 20,000 reports, Find a brief overview of all Outlooks here, Tools and Tutorials explained in our Media Centre. Despite the coronavirus pandemic, the US retail industry grew three percent in 2020, thanks to a surge in ecommerce sales (32.4 percent). The largest retailer, Walmart, saw a turnover of more than half a trillion ($538.2 billion) in 2021, way ahead of its closest competitor and ecommerce giant Amazon. Both retailers and wholesalers take ownership of the goods and so bear the risk of carrying inventory. Walgreens Boots Alliance (US): $121.3 billion, The US retail industry growth forecast for 2022 is at. This report presents an overview of global market for Travel Retail market size. , marking a massive rebound after it fell 2.8 percent in 2020, which experts attribute to a higher unwillingness by consumers to spend amid economic uncertainty. Based on our analysis, the global market exhibited a significant growth of 11.7% in 2020 as compared to the average year-on-year growth during 2017-2019. Global Veterinary, Animal Vaccines Industry 2015 Deep Market Research Report is a research report by Key Manufacturers, Applications, Developments and Trends with covering regions China, US, Europe & Japan help@researchbeam.com +1-971-202-1575 | Toll Free: +1 (800)910-6452 . 2.3.1 Online Apparel Retailing Industry Trends Global Ecommerce Sales Growth (20212026), Ecommerce Share of Retail Sales (20212026), The Best Free Logo Makers: 17+ Tools to Create Your Own Logo. There are various factors driving the growth of global electronics retailing market such as increased penetration of 3G/4G internet with great speed across the globe along with the increasing market size of electronic gadget such as laptop, smart phones & tablets also the different attractive offers and services provided by different e-tailor market players are increasing its adoption across . This report researches the key producers of Travel Retail, also provides the revenue of main regions and countries. The global retail market reached a value of about USD 23 trillion in 2020. ", E-commerce as share of total retail sales worldwide 2015-2021, with forecasts to 2026, World: leading retailers 2020, by retail revenue. Published: November 2022. The ideal entry-level account for individual users. Profit from the additional features of your individual account. For the last 50 years, the world economy has benefited from a demographic boom that has contributed 1.8 percent to average annual global GDP increases, helping to generate an unprecedented level of growth. They also reduce the total number of transactions required for the process of transferring goods from producers to consumers. Indian organized retail is growing at the rate close to 20% reflecting the global trends in that as much as 50 retail organizations have positioned themselves in Fortune 500 companies. If you are an admin, please authenticate by logging in again. Overall, in the period from 2020 to 2026, the average annual retail industry growth rate is expected at approximately 4.3 percent as. "Projected retail sales growth worldwide from 2022 to 2025." A mong the slowest growth rates compared to other top countries. Online Fashion Retail Market is expected to reach $ 533.0 billion by 2027 with CAGR of 63%. Dufry. This report elaborates on the current development of the Retail Banking Software industry thoroughly based on the international market dynamics and China's market . Aug 25, 2022 (The Expresswire) -- "Final Report will add the analysis of the impact of COVID-19 on this industry." Global "Uty-Free Retailing Market" report. "Retail Sales Growth Rate Worldwide from 2012 to 2017, with a Forecast for 2018 to 2021, by Industry. Accessed November 07, 2022. https://www.statista.com/statistics/232347/forecast-of-global-retail-sales-growth/, eMarketer. Organized retail has a major impact on the unorganized retail sector, traditional supply chain and employment issues. Access to this and all other statistics on 80,000 topics from, Show sources information "Retail sales growth rate worldwide from 2012 to 2017, with a forecast for 2018 to 2021, by industry." , marking a massive rebound after it fell 2.8 percent in 2020, which experts attribute to a higher unwillingness by consumers to spend amid economic uncertainty. 1.1.2 Auto Parts Store Software Industry Characteristics 1.1.3 Global and China Auto Parts Store Software Sales Volume and Growth Rate (2017-2028) 1.1.4 Global and China Auto Parts Store Software Production Value and Growth Rate . Start a business and design the life you want all in one place. Most countries will still see strong growth, but two large markets, India and China, will decelerate substantially compared with recent years. India currently has the 4th Largest retail market in the world. as internet penetration increases, more international retailers set up shops in india and established indian brands and retailers set themselves on a high growth trajectory, the share of. Learn more about how Statista can support your business. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, "Retail Global Market Report 2021: COVID-19 Impact and Recovery to 2030", https://www.researchandmarkets.com/r/p87kqn. In comparison, 2021s growth rate was 15.5 percent. The global retail industry is expected to follow an upward growth trend from 2021 following a tumble in 2020 as a result of the coronavirus pandemic. (Research and Markets, 2020) Fortunately, the latest forecasts bring hope that the overall global retail will rebound to 5.1% CAGR in 2021. Start a business and design the life you want all in one place. Looking forward, the publisher expects the market to reach a value of US$ 82.57 Billion by 2027, exhibiting a CAGR of 7.84% during 2021-2027. Chart. 1.8 Retail Inventory Management Software Industry Development Trends under COVID-19 Outbreak. . DUBLIN, Feb. 22, 2021 /PRNewswire/ -- The "Retail Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering. Please create an employee account to be able to mark statistics as favorites. The wholesale price index (WPI) inflation has softened to 10.7 per cent in September 2022 from its peak of 16.2 per cent in June 2022, Saket Dalmia, president, PHD Chamber of Commerce and Industry . Looking forward, growth is expected to continue, albeit at a slower rate. As soon as this statistic is updated, you will immediately be notified via e-mail. You need a Statista Account for unlimited access. Despite the ongoing uncertainty over the COVID-19 pandemic, growth in global construction output will reach 5.7% in 2021, following the 2.4% drop in 2020. And that's just studios, once you account for retreats, clothing, mats, blocks, and other accessories, the global yoga market is worth well over $130bn. As a Premium user you get access to the detailed source references and background information about this statistic. Get full access to all features within our Corporate Solutions. Accessed November 07, 2022. https://www.statista.com/statistics/868625/retail-sales-growth-worldwide/, Dufry. The retail industrys growth is expected to slow down slightly next year. , the slowest from 2019 to 2025. You need at least a Starter Account to use this feature. Retail Industry Market is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e., 2021 to 2028. No. Based on our analysis, the global market exhibited lower growth of -10.57% in 2020 compared to the average year-on-year growth during 2017-2019. Show publisher information COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. We estimate that revenues for the global fashion industry (apparel and footwear sectors) will contract by -27 to -30 percent in 2020 year-on-year, although the industry could regain positive growth of 2 to 4 percent in 2021 (compared with the 2019 baseline figure). The collision of digital shops and traditional brick-and-mortar stores has changed customers' purchasing behaviors. The global travel retail market reached a value of US$ 52.50 Billion in 2021. Global retail ecommerce sales will decelerate to a 16.5% growth rate in 2020 (down from 20.2% last year). Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Insights into the world's most important technology markets, Health Market Outlook In comparison, 2021s growth rate was 15.5 percent. Global Ecommerce Sales Growth (2020-2025) The global ecommerce growth rate for 2022 is forecast at 12.2 percent, bringing global ecommerce sales worldwide to $5.542 trillion. Global Retail Industry is valued at USD 26021.42 Billion in 2020 and expected to reach USD 37353.35 Billion by 2027 with the CAGR of 5.3% over the forecast period. Its expected to rise further to 3.5 percent in 2023. In, eMarketer. Then you can access your favorite statistics via the star in the header. Quick Analysis with our professional Research Service: Toplists & Rankings: Best Employers Portal, Show sources information 1," This demographic tailwind is coming to an end. Globally, the pet care market has grown to $261 billion in 2022; up from $245 billion in 2021. . To use individual functions (e.g., mark statistics as favourites, set According to analysts projections, the retail industry growth rate for 2022 is 4.7 percentmore than two times slower than the previous year. "Projected Retail Sales Growth Worldwide from 2022 to 2025. If you are an admin, please authenticate by logging in again. Chart. This growth is, however, a dip from last year's rate. Retail Global Market Report 2021: COVID-19 Impact and Recovery to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global retail market as it emerges from the COVID-19 shut down.Major companies in the retail market include Wal-Mart; Costco; Kroger; Amazon Inc and Home Depot.The global retail market is expected to grow from $20298.69 billion in 2020 to $22438.07 billion in 2021 at a compound annual growth rate (CAGR) of 10.5%. Directly accessible data for 170 industries from 50 countries In comparison, 2021s growth rate was 15.5 percent. And though apparel and accessories retailers took a hit in FY2020, there are signs of this sector rebounding. The global retail market reached a value of nearly $20,331.1 billion in 2020, having increasing at a compound annual growth rate (CAGR) of 2.4% since 2015. 1.8.1 Global COVID-19 Status Overview. The market is projected to grow from USD 287.94 billion in 2021 to USD 415.29 billion in 2028 at a CAGR of 5.0% during the 2021-2028 period. Industry-specific and extensively researched technical data (partially from exclusive partnerships). Projected retail sales growth worldwide from 2022 to 2025 [Graph]. Euromonitor International is the leading provider of strategic market . Get full access to all features within our Corporate Solutions. Despite the coronavirus pandemic, the. Use Ask Statista Research Service, Grocery market share in Great Britain 2017-2022, Leading 10 retailers in the United Kingdom (UK) 2022, Online retail sales in the United Kingdom (UK) 2012-2021, Retail sales value in Great Britain 2005-2021. 1.3.2 Men 1.3.3 Women 1.3.4 Children 1.4 Study Objectives 1.5 Years Considered 2 Global Growth Trends 2.1 Global Online Apparel Retailing Market Perspective (2017-2028) 2.2 Online Apparel . To use individual functions (e.g., mark statistics as favourites, set The global sports retail industry has achieved a rapid growth over the last ten years. The growth can be primarily attributed to COVID-19 lockdown-induced higher spending on groceries, increased online-grocery sales volume, and consumer polarization. The biggest drivers of the rising retail industry growth rate are the worlds largest retailers. Middle East was the smallest region in the global retail market.The retail/e-commerce market is increasingly investing in drones to reduce delivery times and increase profitability. Owing to increasing customer spending in emerging economies is a key driving factor for the retail industry market. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Insights into the world's most important technology markets, Health Market Outlook E-commerce, growing at a CAGR of 15.2 percent, reached $1.2 trillion last year and is projected to reach $2.4 trillion by 2025. 1.2.1 Global Online Apparel Retailing Market Size Growth Rate by Type: 2017 VS 2021 VS 2028 1.2.2 Upper . The retail industrys growth is expected to slow down slightly next year. The largest retailer, Walmart, saw a turnover of more than half a trillion ($538.2 billion) in 2021, way ahead of its closest competitor and ecommerce giant Amazon. The global retail industry is expected to follow an upward growth trend from 2021 following a tumble in 2020 as a result of the coronavirus pandemic. Retail sales growth rate worldwide from 2012 to 2017, with a forecast for 2018 to 2021, by industry [Graph]. 2023s retail industry growth forecast is just a fraction lower at 4.5 percent. Price: Single User License: US $ 5600 New, Insights into the worlds most important health markets, Figures and insights about the advertising and media world, Everything you need to know about the industry development. February 3, 2022. The second-largest sector - corporate brands - showed the highest growth rate (5.5 percent year over year) of the top four sectors with $58.8 billion (21 percent) of the overall business, attributed to the staying power of name brands in today's challenging retail environment. grew three percent in 2020, thanks to a surge in ecommerce sales (32.4 percent). Using a drone for delivery allows retailers to cut costs and help in providing customers with their products earlier than traditional delivery methods. In 2026, the global retail industrys growth rate is forecast at 3.4 percentthe slowest growth rate from 2021 to 2026. An estimated 6.1% compounded annual growth rate (CAGR), will catapult that figure to $350 billion by 2027. By using our website, you agree to our privacy policy. The August 2022 seasonally adjusted estimate: Rose 0.6% month-on-month. Total retail revenue for the 250 largest global retail companies reached $5.1 trillion in fiscal year 2020 (ending June 30, 2021), up 5.2% from the previous year, according to Deloitte's ". It accounts for over 10% of the country's gross domestic product (GDP) and around eight% of the employment. Its forecast to slow further to 4.2 percent and 3.9 percent in 2024 and 2025, respectively. Abstract: The global market of retail is growing since last decade inspite of the turbulent economic conditions and varying consumption patterns. At the same time, it represents a marked decline from the five years preceding that, when global retail sales grew between 5.7% and 7.5% each year. The global fast fashion market size is expected to grow from $91.23 billion in 2021 to $99.23 billion in 2022 at a compound annual growth rate (CAGR) of 8.8%. Its expected to rise further to 3.5 percent in 2023. , the slowest from 2019 to 2025. The market is expected to grow at a CAGR . The fast fashion market is expected to grow to $133.43 billion in 2026 at a CAGR of 7.7%. Corporate solution including all features. - The global apparel retail industry is expected to generate total revenues of $1,416.4bn in 2017, representing a compound annual growth rate (CAGR) of 4.4% between 2013 and 2017. To study and analyze the global Instructor-led Language Training market size by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023. Recent events and conditions considered, the global retail market was projected to have a compound annual growth rate (CAGR) of -1% in 2020. ", Dufry, Retail sales growth rate worldwide from 2012 to 2017, with a forecast for 2018 to 2021, by industry Statista, https://www.statista.com/statistics/868625/retail-sales-growth-worldwide/ (last visited November 07, 2022), Retail sales growth rate worldwide from 2012 to 2017, with a forecast for 2018 to 2021, by industry, Available to download in PNG, PDF, XLS format, Retail trade turnover in the United Kingdom (UK) 2008-2020, Gross value added (GVA) of retail trade in the United Kingdom (UK) 2008-2020, Retail sales breakdown in Great Britain 2021, by category, Retail trade employment in the United Kingdom (UK) 2008-2019, Number of retail trade enterprises in the United Kingdom (UK) 2008-2020, Retail sales value (excluding fuel) in Great Britain (UK) 2005-2021, Retail sales (quantity bought) in Great Britain 2005-2021, Retail sales (quantity bought, excluding fuel) in Great Britain 2005-2021, Average weekly retail sales in Great Britain (UK) 2005-2021, Average weekly retail sales (excluding fuel) in Great Britain (UK) 2005-2021, Retail sales value annual index in Great Britain 2010-2021, Retail sales volume annual index in Great Britain 2011-2021, Monthly retail sales volume index in Great Britain 2015-2022, Monthly retail sales value index in Great Britain 2015-2022, Retail sales volume index of large and small businesses in Great Britain 2010-2021, Monthly retail sales volume in Great Britain 2017-2022, Retail sales value monthly in Great Britain 2017-2022, Average weekly retail sales in Great Britain 2017-2022, Weekly retail sales (excluding fuel) in Great Britain 2013-2022, Retail sales: year-on-year change in the UK June 2022, by category, Retail sales value growth in Great Britain 2010-2021, Retail sales volume percentage change in Great Britain 2010-2021, Retail sales volume monthly percentage change in Great Britain 2016-2022, Monthly retail sales value growth in Great Britain 2016-2022, High street: like-for-like sales growth in the UK 2017-2022, by sector, Non-food store retail sales in Great Britain 2005-2021, Food store retail sales in Great Britain 2005-2021, Clothing, footwear and textiles retail store sales in Great Britain 2005-2021, Great Britain: department store retail sales 2006-2021, Great Britain: household goods store retail sales 2006-2021, Non-store retail sales in Great Britain 2005-2021, Automotive fuel retail sales in Great Britain 2005-2021, Online share of retail sales in the United Kingdom (UK) 2011-2021, Online share of retail sales in Great Britain August 2022, by sector, Internet retail sales value change in Great Britain August 2022, by sector, Internet retail sales value trend annually in the United Kingdom (UK) 2008-2021, Internet share of retail sales monthly in Great Britain 2018-2022, Internet retail sales value: average weekly value per month in the UK 2013-2022, Leading UK retailers ranked by worldwide sales 2020, United Kingdom: top high street retailers 2022, by customer satisfaction, Leading online retailer websites in the UK June 2021, by monthly visits, U.S. retail analytics market size in 2016 and 2024, by function, Department stores sales growth in Western Europe 2012-2017, by country, Global value of retail analytics market from 2016 to 2022, Retail sales and wholesales as share of GDP in Oman 2012-2017, Retail sales growth in the United Kingdom (UK) 2015-2016, Value of retail trade in Kuwait 2012-2016, Value of retail trade in Bahrain 2012-2016, Non-alcoholic sales volume in Rsdrekkasla Landsins in the Faroe Islands 2008-2018, Market share of the U.S. hard goods retailers with the highest growth 2018, Retail sales of DIY materials & equipment in Hungary 2015-2020, Turnover from retail sale of footwear and leather goods in Croatia 2008-2016, Sales performance of retailers in the past 12 months in Canada 2012-2014, Leading electronics and entertainment retailers in the U.S. 2015, by retail sales, Find your information in our database containing over 20,000 reports, Find a brief overview of all Outlooks here, Tools and Tutorials explained in our Media Centre.
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