Rapid economic development, along with booming retail industry, has been propelling the growth of convenience store (c-store) industry across the world. The global c-store industry has shown tremendous growth over the past few years, particularly in the emerging economies of Asia. Moreover, the increasing share of modern retail outlets and emerging trends in organized retailing are anticipated to drive the industry further in near future, as per "Global Convenience Store Market Analysis", a research report by RNCOS.
The report provides extensive analysis on the booming c-store market. It provides an insight into the c-store industry across Asia, Europe and North America, and gives a brief overview on the consumer behavior. The report helps the client analyze the trends in c-store retailing across the world and identify the key emerging markets. Future growth areas and challenges for the industry mentioned in the research help the client to align their business strategies as per the changing market dynamics.
Key Findings
- Increasing trend of organized retailing will drive the growth of c-store industry in the world. By 2011, modern retail trade is expected to account for more than 55% share in overall retail industry Asia alone.
- The c-store industry has reached the mature stage in most of the developed countries of Europe and North America.
- Asia remains the fastest growing c-store market in the world as the major Asian retail markets registered explosive growth in opening up of new convenience store.
- Changing consumer preferences, lifestyle and rising income level, which is heavily influenced by economic growth, remains the major driving force for c-store industry in the Asian region.
- China remains the largest market for c-store industry after Japan in Asia. China recorded a CAGR increase of 15.28% in the number of c-stores during 2004-2006.
Key Issues Analyzed
- Overview on different retail formats (traditional and modern).
- Market size of the c-store industry with regional segregation.
- Country-wise analysis of the c-store industry.
- Study of consumer behavior in different countries.
- Analysis of the factors responsible for the growth of c-store industry.
- Challenges for the c-store industry.
Research Methodology Used
Information Sources
Information has been sourced from books, newspapers, trade journals, and white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to more than 3000 paid databases.
Analysis Methods
The analysis methods include ratio analysis, historical trend analysis, linear regression analysis using software tools, judgmental forecasting, and cause and effect analysis.
