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Developing Regions Driving Global C-Store Industry, Asia-Pacific to Hold Sway
Nov 20, 2008
The global convenience store (C-store) market is expected to grow at a rapid pace on the back of expanding organized retailing and increasing share of modern retail outlets, as per our new research report “Global Convenience Store Market Analysis”. However, the future of c-store market depends on emerging trends of modern retailing in developing regions, particularly the Asia-Pacific region.
The report said that the growth of C-store market in the Asia-Pacific region will be driven by the changing lifestyle and increasing domestic consumption as the purchasing power of middle class population is rapidly increasing. But this new shift towards modern retailing in Asia will be dominated by China and India.
The C-store retail market in China is developing rapidly with the entrance of many foreign players such as 7-Eleven but the room for expansion in the tier-one cities is very limited. Consequently, both foreign and domestic C-store chains are focusing on tier-two cities to expand their business operations, says our research report.
In India, the rising demand for c-stores and services will foster growth among the large retailers who are fast expanding in the country. Moreover, several big domestic retail companies are planning to expand their chain of c-stores throughout the country in coming years. Foreign players are also taking benefit of liberalized retail sector and setting up their bases in the country.
“Global Convenience Store Market Analysis” gives detailed and rational analysis on the booming C-store market at the global level, comprising of the individual c-store market in Asia, Europe and North America. It gives an overview on the consumer behavior and helps clients in analyzing the market trends in c-store retailing across the world. The report further provides information on future growth areas and challenges for the industry that help clients to align their business strategies as per the changing market dynamics.
Our comprehensive research report further provides forecast on c-store sales and service stations industry by region.
For more information visit: http://www.rncos.com/Report/IM119.htm
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