The organized retail market has significantly transformed the retail landscape with the introduction of modern retail formats like hypermarkets, supermarkets, convenience stores and e-commerce. These retail formats offer a wide range of products including groceries, fashion, consumer electronics, home appliances and other goods under one roof. They provide enhanced shopping experience with amenities like air conditioning, ample parking space, customer service through loyalty programs and hassle-free shopping.
The Global Organized Retail Market is estimated to be valued at US$ 28.34 Billion 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 Market include Amazon, Apple, eBay, Flipkart, Future Group, Landmark Group, Pantaloons Retail, Reliance Retail, Shoppers Stop, Tata Group, Puma. These key players are focusing on expanding their product portfolio and increasing their footprint through strategic partnerships and acquisitions.
Growing Demand In The Market
Rapid urbanization, rising disposable incomes, changing lifestyles and increasing nuclear families have driven the demand for organized retailing in developing countries. Consumers prefer shopping from organized retailers due to the convenience offered along with a wide range of options under one roof.
Global Expansion of the Market
Key retail chains are expanding aggressively across international borders to tap lucrative opportunities. Regional players are also signing franchise agreements with global brands to enhance their product offerings. Online retailers are investing heavily in logistics and supply chain infrastructure to boost their international presence.
Market Key Trends:
Technological advancements are driving growth in the organized retail market. Advent of digital payment options like UPI, e-wallets, credit/debit cards have boosted online spending. Virtual and augmented reality enable consumers to visualize home décor items before purchase. Artificial intelligence powers predictive analytics for personalized recommendations and customized promotions. Retailers are increasingly adopting automation technologies like robotic process automation to improve operational efficiency. These technology-driven initiatives are enhancing consumer convenience and engagement with retail brands.
Porter’s Analysis
Threat Of New Entrants: High capital requirement and tough competition from existing players make entry difficult.
Bargaining Power Of Buyers: Large organized retailers allow buyers to compare prices easily across offerings.
Bargaining Power Of Suppliers: Suppliers have moderate power as organized retail entities buy in bulk directly from manufacturers and farmers.
Threat Of New Substitutes: Growth of e-commerce channels poses a threat to brick and mortar stores.
Competitive Rivalry: Intense rivalry exist among major players to capture market share.
Geographical Regions
North America accounts for the largest share in value terms currently led by the US due to high purchasing power and adoption of modern retail formats at early stage. India is the fastest growing region for organized retail market as large population, rising disposable incomes, increasing preference of millennials for modern shopping experiences along with expansion of domestic and foreign players into smaller cities are fueling strong growth.
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’s growth between 2024 and 2031.
:- Accurate calculation of the size of the Organized Retail and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behaviour
:- Organized Retail 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 vendors
FAQ’s
Q.1 What are the main factors influencing the Organized Retail?
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 companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the Organized Retail’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: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it