The projected output of the US retail sector, excluding motor vehicles and motorcycles, shows a steady growth from 2024 to 2028. In 2023, the actual output stood at 2.2 trillion USD. Between 2024 and 2028, the average annual growth rate is forecasted at approximately 8.2%. Year-on-year growth rates show consistent upward momentum, suggesting sustainable expansion.
Future trends to watch for include:
- Impact of e-commerce on traditional retail outlets.
- Integration of technology in retail, such as AI and IoT.
- Consumer behavior shifts towards sustainable and ethical products.
- Macroeconomic factors and their effects on consumer spending power.
