In 2023, the retail output in the US, excluding motor vehicles and motorcycles, stood at an estimated 2.3 trillion US dollars. From 2024 to 2028, forecasts show steady growth, with retail output expected to increase from 2.4861 trillion US dollars to 3.4011 trillion US dollars. The year-on-year growth rate averages around 5.9%, indicating a robust upward trend. The compound annual growth rate (CAGR) over these five years stands at approximately 8.9%.
Future trends to watch for include:
- Adaptation to e-commerce advancements and digital transformation.
- Shifts in consumer purchasing behaviors influenced by emerging technologies.
- Economic conditions affecting disposable incomes and spending patterns.
