What is Convenience Stores - Market?
A convenience store is a small retail store that stocks a limited selection of basic items, drugs, packaged foods, or any other and operated for long hours for the convenience of shoppers. The working population is looking for a convenient option to buy basic items, food products, or beverages that have less rush and are on the way to the office. Further, convenience stores also offer online ordering and delivery services to the customers, and consumers’ shift towards healthier foods will raise the growth for the convenience stores.
The market study is being classified by Type (Kiosks, Mini Convenience Store, Limited Selection Convenience Store, Traditional Convenience Store, Expanded Convenience Store and Hyper Convenience Store) and major geographies with country level break-up.
RaceTrac (United States), 7‑Eleven Inc. (United States), Alimentation Couche‑Tard Inc. (Canada), Speedway LLC (United States), Wawa, Inc. (United States), Taco Bell (United States), Leader Price (France), Migros (Switzerland), Amul (India), Żabka Polska (Poland), Mac's Convenience Stores Inc. (Canada) and S-Group (Finland) are some of the key players profiled in the study.
The market is highly fragmented and operators are expanding their businesses by operating new stores at multiple locations, and also providing new options such as delivery, curbside pickup, mobile ordering, and drive-thrus to the consumers. The existing convenience stores are looking to expand their branches for easy availability of products to their valuable customers. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Convenience Stores - market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Convenience Stores - market by Type, Application and Region.
On the basis of geography, the market of Convenience Stores - has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rapidly Growing Urbanization, Smaller households, and affluence is the Major Growth Driver
- Growing Popularity of Convenience Stores Due to Less to No Rush
Market Trend
- Online Ordering and Delivery Services of Products
Opportunities
- Increasing Installation of Convenience Stores at Gasoline Stations or Oil Company
Challenges
- Availability of Limited Selections and Products May Hamper the Growth
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Convenient Store Operators, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and Others