Authored By: Sarah
18 Sep 2023

Retail Market In China Size to Grow by $ 1420.30 bn through 2021-2025  

Technavio research projects the retail market in china to grow by $ 1420.30 bn, accelerating at a CAGR of almost 10% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report

Retail Market In China: Key Market Driver

One of the primary factors that will trigger the growth of the retail market in china size is Premiumization of products. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.

Retail Market Size in China to Grow by Over $1420 Billion During 2021-2025 | Alibaba Group Holding Ltd. and China Resources Ng Fung Co. Ltd. to Emerge as Trend-Setters

Retail Market In China: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Alibaba Group Holding Ltd., China Resources Ng Fung Co. Ltd., CK Hutchison Holdings Ltd., E-Commerce China Dangdang Inc., GOME Retail Holdings Ltd., JD.com Inc., Sun Art Retail Group Ltd., Suning Holdings Group, Walmart Inc., and Yonghui Supermarket Co. Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.

For more insights on this market: Download a Free Sample Report

Technavio has been monitoring the Retail Market in China and it is expected to grow by USD 1420.30 billion accelerating at a CAGR of almost 10% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. View Free Sample Report

Retail Market Size in China to Grow by Over $1420 Billion During 2021-2025 | Alibaba Group Holding Ltd. and China Resources Ng Fung Co. Ltd. to Emerge as Trend-Setters

Retail Market in China: Premiumization of Products to Drive Growth

One of the primary factors that will trigger the growth of the Retail Market in China is the increase in premiumization of products. One of the factors that has encouraged premiumization is the increasing consciousness about health and food safety among consumers. With the growing population of upper-middle and upper-class consumers, there has been an increase in the demand for premium products in all the retail segments. This has compelled vendors to sell their products with differential pricing strategy with respect to similar products available in the unorganized segment.

Retail Market in China: Omnichannel Retail to Emerge as Key Trend

The emergence of online and omnichannel trade is one of the latest retail industry trends gaining traction in this market. Omni-channel retailing uses a mix of distribution channels like retail stores, mobile stores, online stores, mobile app stores, and telephone sales to enhance customer engagement. Omni-channel retailing has seen considerable adoption in the market, with more vendors realizing the vital role this channel plays in ensuring that a product gets maximum visibility. This method of retailing also enhances the geographical reach for vendors. Consequently, first and second-tier cities will see high online sales, as consumers here have a better awareness of and access to e-commerce. 

Retail Market In China: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Alibaba Group Holding Ltd., China Resources Ng Fung Co. Ltd., CK Hutchison Holdings Ltd., E-Commerce China Dangdang Inc., GOME Retail Holdings Ltd., JD.com Inc., Sun Art Retail Group Ltd., Suning Holdings Group, Walmart Inc., and Yonghui Supermarket Co. Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report 

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