Market Snapshot:
General merchandise term is widely used in the retail and wholesale business in reference to merchandise variety of items from food & drink to apparel, consumer electronics, kitchen appliances, and many more. Increasing migration from rural areas to urban areas and metropolitan cities will fuel the growth of general merchandise. The rapidly growing working population across the globe and busy lifestyle of people has accelerated the demand for general merchandise store that sells daily necessity and food & beverages products near the residential areas.
Highlights from General Merchandise Market Study
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The key Vendors profiled in the report are Jumia (Germany), Marks & Spencer (United Kingdom), Lazada Group (Singapore), TJ Morris (United Kingdom), Walmart (United States), John Lewis & Partners (United Kingdom), Poundland (United Kingdom) and HDS Global (United States). Additionally, other players that are part of this comprehensive study are Loblaw Companies (Canada) and Via Trading (United States).
Geographic Breakdown and Segment Analysis
The Global General Merchandise market presents a comprehensive analysis of the General Merchandise market by end-user/application (Retail Business {Discount Stores, Specialty Stores, Factory Outlet Store, Hyper Markets, Departmental Stores, E-Retailers} and Wholesale Business), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global General Merchandise industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the General Merchandise market
Analyst at AMA have segmented the market study of Global General Merchandise market by Type, Application and Region.
Influencing Trend:
Growing Popularity of Online Shopping for Grocery, Appliances, and Apparel
Market Growth Drivers:
Surging Demand for Limited Line Discount Stores Near to Residential Areas and Out of Cities
Challenges:
Increasing Competition in the Market Due to Multiple Key Players and Brands
Restraints:
Difficulties in the Establishment of General Merchandise in Rural Areas Due to Less Acceptance
Opportunities:
Increased Installation of Departmental or Convenience Stores at Petroleum Companies
Market Developments Activities:
In June 2023 Tata Group’s consumer goods arm, Tata Consumer is investing significantly in R&D and looking at new categories and acquisitions, as part of its strategy to beccome a full-fledged FMCG company, said N Chandrasekaran, chairman,
In June , 2023 Circana, formerly IRI and The NPD Group, today launched new Circana Audiences for the following 12 general merchandise industries: accessories, apparel, automotive aftermarket, consumer technology, foodservice, footwear, home improvement, housewares and home textiles, video games, major appliances, mobile phones, and small home appliances. Circana previously announced the availability of Audiences for two other general merchandise industries — toys and prestige beauty.
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, General Merchandise Operators, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and Others