The modern retail outlets replacing the traditional unorganized retail outlets in various countries, have led to the widespread popularity of convenience stores in the Asian market. Convenience stores offer speed of service to time-starved consumers who want to get in and out of the store quickly. These shoppers recognize this channel of trade for its convenient locations, extended hours of operation, one-stop shopping, grab-and-go food service, variety of merchandise and fast transactions. The Asian convenience store industry has grown rapidly over the past few years, with consumers’ lifestyle heading towards modernity and large participation from market players. Further, drivers such as urbanization, rising disposable incomes, ease of payment through cards, changing demographics and lifestyle along with FDI in retail have steered the sector towards growth.
Our latest report, “Asian Convenience Store Market Outlook 2020”, observes that Hong Kong, South Korea, Taiwan, China, Malaysia, Philippines, Singapore etc. are the biggest retail markets of the Asian region. Also, the convenience store industry of these countries is witnessing fast developments, and presents huge potential for convenience store players. Thus, the report delivers on the developments in both retail and convenience store sectors of these major Asian countries.
Our report provides retail market forecasts till 2020 for all these countries. According to our research, the retail industries of Vietnam, India, China, Indonesia and Hong Kong are growing at a rapid pace, providing ample opportunities for convenience store players here. A section on competitive landscape of each country containing lists of major players and their number of stores has also been provided to have a clear scenario of the convenience store industry in all these countries. Further, the share of convenience store sales in total retail sales for the year 2014 has also been incorporated for most of the countries.
The report provides a complete overview of the Asian convenience store industry. All the current trends of the industry have been evaluated in the report. Further, it provides profiling of the major players including 7-Eleven, Family Mart, Lawson, Circle K and Ministop, which will help clients to gain insights on their overall business, recent activities and their strengths and weaknesses. It has been found that, though 7-Eleven is the most popular convenience store player, Lawson and FamilyMart are giving it tough competition in the Asian market. Overall, the report presents optimum information and balanced research outlook on the potentials of the Asian convenience store sector.