The Global Specialty Retail industry isexpected to witness modest growth andreach approximately $6,813 billion in 2017 with a CAGR of 3% over next five years (2012-2017).
Lucintel, a leading global Management Consulting and market research firm, has analyzed the global specialty retail industry and presents its findings in “Global Specialty Retail Industry 2012-2017: Trend, Profit and Forecast Analysis.”
The specialty retail industry consists of automotive, specialty stores, and fuel retailing. The industry is highly fragmented and dependent upon macroeconomic factors such as GDP, disposable income, and consumer spending. Competitive rivalry in this segment is high with a medium barrier to entry in the market.
Asia represents 31% of the global market.ROW recorded the highest growth during last five years and is expected to grow at the highest rate overthe forecast period. APAC represents positive growth with the highest market size in specialty retail industry during forecast period. A rapidly growing middle class, market oriented stable economy, availability of trained manpower at competitive cost, and well developed credit and financing facilities are expected to boost specialty retail industry.ROW has a relatively small market size and slightly high growth rate but with an increase in GDP/capita in emerging economies, holds growth potential.
Although ahigh degree of price competition, inflation, supply chain, and efficient inventory management pose a challenge for the industry, increasing GDP, disposable income, population, and consumer expenditure are expected to drive the industry.
This research report from Lucintel is a cost effective tool that provides an overview of the Global Specialty Retail industry. The report tracks market size for four geographic regions of The Global Specialty Retail industry. This report is a segment of the Global Retail industry, and no further segmentation is addressed. The scope of this study is limited to annual trends for past five years and forecasts for next five years of this segment.
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