Online Retail Growth Drives US Retail Market To Reach US$4.4 trillion by 2023
US retail sales were US$3,818.8 billion in 2018. The report details major retailers in each category group with their product proposition analysis and market positioning in 2018.
A new report - US Retail Market Shares Summary & Forecasts to 2023 has been added to MarketResearchDirect.com’s report catalogue.
The US retail market is in the middle of a industry disruption. It is reinventing itself, and at a very fast pace. Current trends are forcing retailers to adapt to survive - those that are embracing online and advanced software are thriving and those that are slow to adapt, are struggling.
Consumers are no longer loyal to brands. They switch retailers easily. Furthermore, the traditional channels to reach the consumers are evolving. Manufacturers are no longer content to supply retailers, but are serving consumers directly. Retailers are adapting their bricks and mortar outlets to provide a ’consumer experience’. The industry is in turmoil, yet it is still growing. The US retail market was worth US$3,818bn in 2018 and is expected to grow by 3.2% (compound) during the period to 2023 to reach a forecast value of US$4,475bn.
What does this report offer?
- In-depth analysis of the latest trends in consumer shopping, covering the factors driving shopping, consumer insights, market dynamics - covering 26 categories of products (see table of contents)
- The report also details of the major retailers in each category group with analysis of their product propositioning
- Market insights based on consumer trends, changing economic and demographic factors, technological innovation, and other macroeconomic factors
- Retail sales data and the data on fastest-growing product categories
- Qualitative and quantitative insights of changing retail dynamics across a number of retail channels
Reasons to buy this report
- Gain comprehensive knowledge on 26 product categories in the US retail market
- Explore novel opportunities that will allow you to align your product offerings and strategies to meet demand
- Analyze the recommended actions to align your marketing strategies with market trends
- Insights on the performance of individual product categories, across key channels from 2013, with forecasts until 2023
- Analysis of key international and domestic players operating in the US retail market - including store counts and revenues
Please see full details of the market report (and see the full list of companies covered) - “US Retail Market Shares Summary & Forecasts to 2023”
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