April 24, 2024
Global Organized Retail

The Global Organized Retail Market is Trending towards Omnichannel Sales

The organized retail market plays a pivotal role in expanding access to a wide range of products and saving consumers’ time and effort. Organized retail refers to large retail chains or stores which adhere to standard business practices and implement modern techniques like maintaining accounts and stock-keeping. These outlets offer consumers easy access to goods through large store formats, sophisticated supply chain management practices and attractive ambience. Organized retail stores stock both food and consumer products under one roof to provide a convenient one-stop shopping experience.

The Global Organized Retail Market Size Is Estimated To Be Valued At US$ 28.34 Bn In 2024 And Is Expected To Exhibit A CAGR Of 4.2% Over The Forecast Period 2024-2031.

Key Takeaways

Key players operating in the organized retail are Amazon, Apple, eBay, Flipkart, Future Group, Landmark Group, Pantaloons Retail, Reliance Retail, Shoppers Stop, Tata Group, Puma. Rising income levels and changing shopping habits of consumers are fueling the demand for organized retail outlets across major regions. Key retailers are expanding their presence globally through strategic investments and partnerships to tap lucrative growth opportunities.

Market Key Trends

The organized retail market is trending towards omnichannel sales to provide a seamless shopping experience to customers. Omnichannel retail involves integrating online and offline shopping channels to create a unified customer experience. It allows consumers to browse products online, compare prices and reviews, and choose the preferred payment and delivery options. Customers can also opt to pick up items from a brick-and-mortar store. This hybrid retail model is gaining popularity as it enables retailers to effectively engage modern consumers and enhance brand loyalty through personalized services.

Porter’s Analysis

Threat Of New Entrants: High capital investment and existing integrated infrastructure by major players poses high entry barriers.
Bargaining Power Of Buyers: Increased variety of products and competitive prices across retail formats increases buyer options and weakens retailer bargaining power.
Bargaining Power Of Suppliers: Well-established supply chain of major organized retailers allows procuring quality products at better rates, strengthening their bargaining power against suppliers.
Threat Of New Substitutes: E-commerce emerges as a strong substitute channel threatening organized brick and mortar retail stores.
Competitive Rivalry: High among major national and international retailers investing in customer experience to gain market share.

Geographical Regions

Currently, the organized retail sector in India is dominated by value in metropolitan cities like Delhi, Mumbai, Kolkata, Chennai, Bengaluru, and Hyderabad which account for over 65% of the total market value due to higher disposable incomes and consumption levels.

The growth in tier II and III cities is outpacing that of metros over the forecast period. Cities like Ahmedabad, Jaipur, Nagpur, Coimbatore, Lucknow, Indore etc. are emerging as hotspots for organized retail penetration supported by rising affordability, infrastructure growth, and exposure to modern retail formats appealing youth population. Western and Central regions are expected to witness highest CAGR over 2024-2031.

What are the key data covered in this Organized Retail Market report?

:- Market CAGR throughout the predicted period

:- Comprehensive information on the aspects that will drive the Organized Retail Market’s growth between 2024 and 2031.

:- Accurate calculation of the size of the Organized Retail Market and its contribution to the market, with emphasis on the parent market

:- Realistic forecasts of future trends and changes in consumer behavior

:- Organized Retail Market Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa

:- A complete examination of the market’s competitive landscape, as well as extensive information on vendors

:- Detailed examination of the factors that will impede the expansion of Organized Retail Market vendors

FAQ’s

Q.1 What are the main factors influencing the Organized Retail market?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top Organized Retail Market companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the Organized Retail market’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?

*Note:

  1. Source: CoherentMI, Public sources, Desk research
  2. We have leveraged AI tools to mine information and compile it