Global Retail Industry Overview
The global retail industry is classified into four categories: fast-moving consumer goods (FMCG), fashion goods, hardlines and leisure goods, and diversified products. FMCG sales growth has been outpacing the sales of the other product categories in recent years, according to Deloitte.
Global retail industry sales were worth $16 trillion in 2013, having grown at a compound annual growth rate (CAGR) of 3% during 2009-2013, according to The National Association of Software and Services Companies (NASSCOM).
Retail Industry Key Markets
The global retail industry analysis encompasses all direct sale to end consumers activities. It includes all kinds of store formats: supermarkets & hypermarkets, discount stores, convenience stores, warehouses (for instance, used by wholesalers), large department stores, kiosks, mobile trucks and pop-up stores. It also covers mail order and online sales to end consumers.
The U.S. dominates the retail industry, accounting for more than half of global retail sales during 2012-2013, according to NASSCOM. Europe is the second largest market, with the U.K., France and Germany the key countries in the region.
Retail Industry Key Players
The global retail market is highly fragmented. Only Walmart held more than a 1% share in 2013.
Many major retailers, such as Walmart and Carrefour (which are the leader in many retail sector such as the food retailing industry), are based in the U.S. or Europe. Important retailers and e-retailers from Asia-Pacific include Alibaba Group (China) and Seven & I Holdings (Japan).
Walmart is the largest retailer in the world with a 3% market share. It operates a chain of discount department stores and warehouse stores globally as well as selling products online. Its product range comprises both branded and in-house/private labels.
Carrefour is the second largest international retail chain with a nearly 1% market share. It has a presence in Europe, Asia, Middle East and the Americas outside the U.S.
Retail Industry Sales Forecast
Global retail sales are projected to grow at a CAGR of 4% during 2013-2018 to reach $19 trillion in 2018.Growth is expected to be driven primarily by an increase in online shopping.