London, August 1st, 2012 - 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 the largest, its sales are relatively stable year-on-year. Outside this dominant area, electrical and electronics had the fastest developing sales 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.
In the review period (2006-2011), global retail sales grew at a CAGR of 7%. Canadean expects retail sales in the region to grow by over 8% annually during the forecast period (2012-2016). General retailers were the largest channel group, contributing 47.1% towards global retail sales in 2011, or US$6,756.8 billion in value terms. During the review period, online retailers were the fastest-growing channel group, with a CAGR of 14.27% and are expected to remain the fastest-growing category group during the forecast period (2012-2016), at a CAGR of 15.06%.
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 provides detailed data on the size and development of retail sales of individual product types through specific retail channels and formats in the Global Market. It provides a detailed and comprehensive quantitative analysis of the trends affecting market development through both historic and forecast data, which allows marketers to understand the future pattern of market trends, from winners and losers to category and channel dynamics, and thereby quickly and easily identify the key areas in which they want to compete in the future.
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In every nook and corner of the world, retailing business is on a rise. Due to the success rate of retailing business in any segment, entrepreneurs are finding it a safe business to invest. One valid reason behind the success of retailers is their realization to the fact that consumers are not just more price-focused but they are focused on every aspect of the shopping experience.
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