The Business Research Company’s latest report Retail Global Market Report 2020 covers Retail market drivers, Retail market trends, Retail market segments, Retail market growth rate, Retail market major players, and Retail market size. The report provides in-depth analysis of the impact of COVID-19 on the Retail industry, along with revised market numbers due to the effects of the coronavirus.
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Retail Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global retail market is expected to decline from $21821.4 billion in 2019 to $21622.6 billion in 2020 at a compound annual growth rate (CAGR) of -1%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 5% from 2021 and reach $25122.2 billion in 2023.
The global retail market is segmented by type into 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 & other general merchandise stores, ecommerce & other non-store retailers, building material and garden equipment and supplies dealers, pharmacies and healthcare stores, sporting goods, hobby, musical instrument, and book stores, by ownership into retail chain, independent retailer. Subsegments covered are auto parts and accessories, automobile dealers, other motor vehicle dealers, specialty food stores, beer, wine & liquor stores, furniture stores, home furnishings stores, supermarkets, hypermarkets, convenience stores, mom and pop stores, department stores, other general merchandise stores, e-commerce, vending machine operators, direct selling establishments, building material and supplies dealers, lawn and garden equipment and supplies stores, pharmacies and drug stores, other health and personal care stores, sporting goods stores, hobby, toy, and game stores, musical instrument and supplies stores, other sporting goods, hobby, musical instrument, and book stores.
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