Asia-Pacific continues to dominate global retail sales. The contribution from the region is expected to increase from just over 30% in 2006 to just under half by 2016. Asia-Pacific is expected to continue to grow by over 10% every year through 2016. Both Europe and North America are expected to see a decline in their share towards global retail sales. While Latin American share is expected to increase marginally by 2016, that of Middle East and Africa will remain unchanged. North America dominates the per-capita retail spend among all five regions, followed by Europe and Latin America.
This report examines the components of change in the market by looking at historic and future growth patterns including how changes in consumers’ behavior have affected the retail sector for different product categories and channels.
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Published: June 2012
No. of Pages: 415
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Global retail sales were dominated by food and grocery sales in 2011, accounting for over half of total sales that year. However, while this category was largest, its sales are relatively stable year to year. Outside this dominant area, electrical and electronics was the fastest developing channel between 2006 and 2011, growing at an annual average rate of over 7%. In terms of market structure, general retailers were the largest channel group, contributing just under half towards total global retail sales in 2011. During the review period (2006-2016), online retailers were the fastest-growing channel group, with a CAGR of over 14% and are expected to remain the fastest in the forecast period (2006-2016).
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