A Comprehensive Global Retail And Wholesale Industry Overview: Major Leaders, Market Size, Growth Trends, Regional Analysis, and Forecast
LONDON, Aug. 29, 2023 /PRNewswire/ -- The 2023 retail and wholesale industry analysis by the global market model shows a consistent outlook compared to the previous projection until the close of 2022. Our earlier forecast update had already considered elements like inflation, economic challenges, the repercussions of the Russia-Ukraine conflict, and disturbances in the supply chain, all of which contributed to elevated consumer costs. As a result, our predictions for this market have remained unchanged in this update phase. Notably, there has been a noteworthy shift in consumer purchasing behaviors across various platforms, with brick-and-mortar stores experiencing better-than-expected sales and e-commerce sales falling below initial projections.
Gain more insights into the retail and wholesale industry trends with a free consultation:
Retail and wholesale industry growth potential
In 2022, the worldwide retail and wholesale market achieved a valuation of $72,353 billion, encompassing a substantial 72.2% of the global GDP.
Forecasts indicate that the market will exhibit a compound annual growth rate (CAGR) of 7.1% from 2022 to 2032. The progress of technology, including innovations like self-checkout systems, beacons, robotics, automation, and augmented reality, is anticipated to be a major driving force behind market expansion throughout the projected period.
Top segments and region retail and wholesale companies should focus
Within the retail and wholesale sector, the wholesale market emerged as the most substantial segment, constituting 63.5% of the complete market share in 2022. The United States held the prominent position in the retail and wholesale domain, contributing to 23.1% of the overall market share in the same year.
The Global Market Model provides insights on the following key industry indicators in the retail and wholesale industry:
- Number of retail stores
- Number of enterprises
- Number of employees
Comprehend how the Global Market Model can support the expansion of your retail and wholesale enterprise -https://www.thebusinessresearchcompany.com/global-market-model/demo-request
Global Market Model – World's Most Comprehensive Database
The Global Market Model, is a market intelligence platform covering various macroeconomic indicators and metrics for 7000 markets across 58 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.
Contact us:
Global Market Model - https://bit.ly/4383TaW
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow us on:
LinkedIn: https://co.linkedin.com/company/global-market-modelgmm
Logo - https://mma.prnewswire.com/media/1751581/3970581/tbrc_logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/retail-and-wholesale-industry-forecast-2023-2032-market-growth-rate-major-driver-and-leading-regions-by-the-global-market-model-from-tbrc-301912524.html
Voltar noticias em Inglês