What is the global size of the retail industry?
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. The market is expected to grow at a CAGR of 7.7% from 2020 to reach $29,446.2 billion in 2025.
How much is the retail market worth?
Retail sales, Great Britain: July 2021 Retail sales volumes fell by 2.5% between June and July 2021; looking more broadly, however, they were up by 5.2% in the three months to July compared with the previous three months and are 5.8% higher than their pre-coronavirus (COVID-19) pandemic February 2020 levels.
How big is retail sector?
The Australian retail industry, which is one of the key contributors to the country’s economy, was on a growth trajectory from 2004 to 2019. The total retail turnover was accounted for approximately AUD 329.6 billion in 2019, which was around AUD 9 billion more than the value it recorded in the previous year.
What is Global retail Marketing?
The retail market consists of sales of goods to ultimate users by entities (organizations, sole traders and partnerships) that provide the service of making goods available in convenient quantities and locations. Asia Pacific was the largest region in the global retail market, accounting for 35% of the market in 2020.
How much is global retail sales?
Before the pandemic, we had forecast that total retail sales worldwide would rise by 4.4% in 2020, to $26.460 trillion. We now estimate that retail sales amounted to just $23.624 trillion last year—a decline of 2.8%. But in 2021, this figure will rebound to pre-pandemic (2019) levels, reaching $25.052 trillion.
Who is the largest global retailer?
Walmart
As of 2019, Walmart was by far the world’s leading retailer with retail revenues reaching 523.96 billion U.S. dollars. Many of the world’s leading retailers are American companies.
Is retail the largest industry?
As of 2019, the United States was the largest retail market in the world, with sales of over five trillion U.S. dollars. The country’s retail industry accounts for about 10 percent of the GDP and is dominated by the unorganized sector.
How big is retail industry in India?
As per Forrester Research, in 2020, India’s retail sector was estimated at US$ 883 billion, with grocery retail accounting for US$ 608 billion. The market is projected to reach ~US$ 1.3 trillion by 2024.
What is the second largest retailer in the world?
By revenue
| Rank | Name | Retail revenue (US$ millions) |
|---|---|---|
| 1 | Walmart | 514,405 |
| 2 | Costco | 141,576 |
| 3 | Amazon | 140,211 |
| 4 | Schwarz Gruppe | 121,581 |
What was the size of the global retail industry in 2018?
World: retail sales 2018-2022 Global retail sales were projected to amount to around 26.7 trillion U.S. dollars by 2022, up from approximately 23.6 trillion U.S. dollars in 2018.
How big is the retail market in the world?
In 2019, the global retail market generated sales of nearly 25 trillion U.S. dollars, with a forecast to reach close to 27 trillion U.S. dollars by 2022.
Who are the leading retailers in the world?
Many of the world’s leading retailers are American companies. Walmart and Amazon are examples of such American retailers. The success of U.S. retailers can also be seen through their performance in online retail . The domestic retail market in the United States is a lucrative market, in which many companies compete.
Which is the dominant channel in the retail market?
Transactions take place through various channels of distribution across an ever-growing range of industries, such as food, motor vehicles, apparel, and electronics. While physical or in-store retail is the dominant channel in this market, forms of non-store retailing are becoming increasingly popular too.
What are the different types of retail establishments?
Retail establishments come in many forms such as grocery stores, restaurants, and bookstores. As a result of globalization and various trade agreements between markets and countries, many retailers are capable of doing business on a global scale.