Global retail sales were projected to amount to around **** trillion U.S. dollars by 2026, up from approximately **** trillion U.S. dollars in 2021. The retail industry encompasses the journey of a good or service. This typically starts with the manufacturing of a product and ends with said product being purchased by a consumer from a retailer. Retail establishments come in many forms such as grocery stores, restaurants, and bookstores. American retailers worldwide As a result of globalization and various trade agreements between markets and countries, many retailers are capable of doing business on a global scale. Many of the world’s leading retailers are American companies. Walmart and Amazon are examples of such American retailers. The success of U.S. retailers can also be seen through their performance in online retail. Retail in the U.S. The domestic retail market in the United States is a lucrative market, in which many companies compete. Walmart, a retail chain offering low prices and a wide selection of products, is the leading retailer in the United States. Amazon, The Kroger Co., Costco, and Target are a selection of other leading U.S. retailers.

The statistic depicts the sales value of the global retail market from 2011 to 2021. In 2016, the global retail market was valued at approximately **** trillion U.S. dollars.

Global retail market to reach $46.78T by 2029 at 7.6% CAGR, driven by growth in auto, food, fuel, cosmetics, personal care, and miscellaneous retail sectors.

In 2021, North American retailers contributed nearly half of the total top 250 retailers revenues, while Europe accounted for 33.2 percent. In that same year, revenues generated by retailers based in the Asia Pacific region represented 15.7 percent of the world's leading 250 retailers. According to the source, Walmart and Amazon.com were the world's leading retailers reaching a revenue of more than 800 billion U.S. dollars collectively.

The Retail Industry Market is Segments by Product Type (Food, Beverage, and Grocery, Personal and Household Care, Apparel, Footwear and Accessories, and More), by Distribution Channel (Supermarkets/Hypermarkets, Convenience and Discount Stores, Specialty Stores, and More), and by Geography (North America, Europe, Asia-Pacific, and More). The Market Forecasts are Provided in Terms of Value (USD).

In 2021, 63.8 percent of the retail revenue of the world's leading 250 retailers was generated in the fast-moving consumer goods sector. Meanwhile, 9.3 percent of revenue came from the apparel and accessories sector. For that same period, the average retail revenue of the top retailers located in Europe amounted to around 21 billion U.S. dollars.

The global Smart Retail market size reached USD 23.40 Billion in 2021 and is expected to reach USD 145.85 Billion in 2030 registering a CAGR of 22.9%. Smart Retail industry report classifies global market by share, trend, growth and based on solution, application, and region.

The retail industry encompasses the journey of a good or service. This typically starts with the manufacture of a product and ends with said product being purchased by a consumer from a retailer. As a result of globalization and various trade agreements between markets and countries, many retailers are capable of doing business on a global scale. Based on retail sales generated in the financial year 2021, Walmart was by far the world's leading retailer with retail revenues reaching over 572 billion U.S. dollars.

U.S. companies dominate global retail
Many of the world’s leading retailers are American companies. Walmart and Amazon are examples of American retailers doing business around the world. The domestic retail market in the United States is also very competitive, with many companies recording substantial retail sales. The success of U.S. retailers can also be seen through their performance in online retail. Amazon is a prime example of this, with the company’s sales revenue flourishing over the previous years in line with the rise of e-Commerce worldwide.

The smart retail market was valued at USD 19.32 billion in 2020 and is expected to grow at a CAGR of 27.4% during 2021 - 2028.

Internet sales have played an increasingly significant role in retailing. In 2024, e-commerce accounted for over ** percent of retail sales worldwide. Forecasts indicate that by 2029, the online segment will make up close to over ** percent of total global retail sales. Retail e-commerce Online shopping has grown steadily in popularity in recent years. In 2024, global e-commerce sales amounted to over ************** U.S. dollars, a figure expected to exceed **** trillion U.S. dollars by 2028. Digital development in Latin America boomed during the COVID-19 pandemic, generating unprecedented e-commerce growth in various economies across the region. So much so that Brazil and Argentina appear to lead the world's fastest-growing online retail markets. This trend correlates strongly with the constantly improving online access, especially in "mobile-first" online communities, which have long struggled with traditioe-comernal fixed broadband connections due to financial or infrastructure constraints but enjoy the advantages of cheap mobile broadband connections. M-commerce on the rise The average order value of online shopping via smartphones and tablets still lags traditional e-commerce via desktop computers. However, e-retailers around the world have caught up in mobile e-commerce sales. Online shopping via smartphones is particularly prominent in Asia. By the end of 2021, Malaysia was the top digital market based on the percentage of the population that had purchased something by phone, with nearly ** percent having made a weekly mobile purchase. South Korea, Taiwan, and the Philippines completed the top of the ranking.

The global Omni-channel retail solutions market was valued at USD 5.93 billion in 2021 and is expected to grow at a CAGR of 13.8% during the forecast period.

The connected retail market is experiencing significant growth, with a market size of $41.41 million in 2025 and a projected CAGR of 14.9% over the forecast period of 2025-2033. This growth is driven by the increasing adoption of connected technologies such as ZigBee, WiFi, NFC, and BLE (Bluetooth Low Energy) in retail environments. These technologies enable retailers to enhance customer engagement, improve supply chain efficiency, and optimize in-store operations. Key trends in the connected retail market include the growing use of mobile apps for customer engagement, the integration of artificial intelligence (AI) and machine learning (ML) for personalized recommendations and automated tasks, and the increasing popularity of omnichannel retailing. However, challenges such as data security concerns and the need for seamless integration across different technologies may hinder market growth. Despite these challenges, the connected retail market is expected to continue its upward trajectory, driven by the growing demand for personalized and seamless shopping experiences. Vendors operating in the market include NXP Semiconductors NV, Honeywell International Inc., Cisco Systems, Inc., GE Digital, and IBM. Connected Retail Market: A Comprehensive Analysis The global connected retail market is projected to reach $2,000 million by 2028, growing at a CAGR of 12.5% from 2023 to 2028. The market's growth is attributed to the increasing adoption of IoT devices and sensors, the rise of e-commerce, and the growing need for enhanced customer experiences. Recent developments include: In January 2024, SAP announced the launch of new AI-driven retail capabilities aimed at enhancing customer experience. These innovations integrate AI to provide personalized shopping experiences, improve inventory management, and optimize supply chain operations. The goal is to empower retailers to understand better and respond to customer preferences in real time, ultimately driving increased efficiency and customer satisfaction in the retail sector. , In October 2022, Facilio, a facility management software provider, announced a partnership with Tutenlabs to digitize and automate a significant number of large-format retail stores across North America. This collaboration intends to leverage Facilio's technology to enhance operational efficiency and sustainability in retail environments by integrating IoT and AI-driven solutions.The goal is to optimize building performance and maintenance processes, ultimately improving the overall customer experience within these retail spaces. , In October 2021, Zalando announced the launch of Connected Retail in Italy, a new service enabling retailers to extend their reach to millions of customers through the Zalando platform. This initiative aims to enhance customer choice by integrating local stores into Zalando's online shopping experience. Through Connected Retail, Italian retailers can showcase their inventory on Zalando's website, allowing customers to browse and purchase items directly from nearby stores. .

Retail analytics market size is expected to reach USD 18.71 Billion in 2028 and register a revenue CAGR of 20.0% during the forecast period, increasing demand for data visualization and continuous generation of data are driving retail analytics market revenue growth.

The North America travel retail market is poised for significant growth in the coming years, driven by a surge in international tourism and disposable income. The market size is projected to reach $X million by 2033, expanding at a CAGR of XX% from 2025 to 2033. The favorable economic climate, coupled with the increasing popularity of duty-free shopping, is expected to fuel the growth of the market. Major trends influencing the market include the rise of e-commerce, the increasing demand for personalized experiences, and the growing popularity of sustainable products. The market is segmented by retail activity type (fashion and accessories, jewelry and watches, wine & spirits, food & confectionary, fragrances and cosmetics, tobacco, others), distribution channel (airports, airlines, ferries, other), and geography (USA, Canada). Key players in the market include 3Sixty, International Shoppes, Stellar Partners, Aer Rianta International North America, Duty-Free Americas Inc, Dufry, DFS Group, Heinemann Americas, The Nuance Group (Canada) Inc, and ALFA Brands Inc. Recent developments include: June 2021- 3Sixty Duty Free has partnered with Global Crossing Airlines to allow travellers to purchase a range of travel retail products via their onboard inflight duty free programme., April 2021- Hudson Group has revealed its first-of-a-kind, multi-brand automated retail concept. Driven by the Dufry-owned company's ongoing commitment to enhancing the traveller experience and leveraging digital innovation, the new automated retail concept aims to create a contactless, 24/7 retailing destination.. Notable trends are: Airport Retailing is Generating Higher Revenues than other Channels in North America Travel Retail Market..

Key information about United States Retail Sales Growth

• United States Retail Sales grew 1.0 % YoY in May 2023, compared with a 1.6 % increase in the previous month.
• US Retail Sales Growth YoY data is updated monthly, available from Jan 1993 to May 2023, with an average growth rate of 4.7 %.
• The data reached an all-time high of 42.0 % in Apr 2021 and a record low of -15.8 % in Apr 2020.
• In the latest reports, Car Sales of US recorded 1,407,152.0 units in May 2023, representing a growth of 22.8 %.

1 INTRODUCTION 1.1 Study Assumptions and Market Definition 1.2 Scope of the Study

   2 RESEARCH METHODOLOGY

   3 EXECUTIVE SUMMARY

   4 MARKET DYNAMICS
   4.1 Market Drivers
   4.1.1 Rise in Duty-Free Retailing Stores with Technology Integration will accelerate market growth
   4.1.2 Rise in Foreign Tourists to Boost the Market Growth
   4.2 Market Restraints
   4.2.1 Convenience and Variety of Online Shopping as more and more Customers Purchase Online
   4.2.2 Usage of Unsustainable Goods for Storage Affecting Market Growth
   4.3 Market Opportunities
   4.3.1 Increased Digitalization To Boost the Demand for Duty Free Products
   4.4 Porter's Five Forces Analysis
   4.4.1 Bargaining Power of Suppliers
   4.4.2 Bargaining Power of Buyers/Consumers
   4.4.3 Threat of New Entrants
   4.4.4 Threat of Substitute Products
   4.4.5 Intensity of Competitive Rivalry
   4.5 Impact of COVID-19 on the market

   5 MARKET SEGMENTATION
   5.1 By Product Type
   5.1.1 Fashion and Accessories
   5.1.2 Jewellery and Watches
   5.1.3 Wine and Spirits
   5.1.4 Food and Confectionery
   5.1.5 Fragrances and Cosmetics
   5.1.6 Tobacco
   5.1.7 Other Product Types
   5.2 By Distribution Channel
   5.2.1 Airports
   5.2.2 Airlines
   5.2.3 Ferries
   5.2.4 Other Distribution Channels
   5.3 By Geography
   5.3.1 North America
   5.3.2 South America
   5.3.3 Europe
   5.3.4 Asia-Pacific
   5.3.5 Middle East & Africa

   6 COMPETITIVE LANDSCAPE
   6.1 Market Concentration Overview
   6.2 Company Profiles
   6.2.1 Dufry
   6.2.2 Lotte Duty Free
   6.2.3 Lagardere Travel Retail
   6.2.4 DFS Group
   6.2.5 The Shilla Duty Free
   6.2.6 King Power International Group
   6.2.7 China Duty Free Group
   6.2.8 Dubai Duty Free
   6.2.9 Duty Free Americas
   6.2.10 Sinsegae Duty Free
   6.2.11 WH Smith*

   7 FUTURE MARKET TRENDS

   8 DISCLAIMER AND ABOUT US

   The Global Duty Free & Travel Retail Market Report is segmented by product type and distribution channel, offering a comprehensive industry analysis. The market is a significant revenue generator for aviation, tourism, and other travel-related industries. Airports, in particular, derive a considerable portion of their income from duty-free and travel retailing. Despite challenges such as trade tensions and protectionism between countries, the market is seeing an increased demand for duty-free alcohol, spurred by diversifying consumer buying habits and rising spending among the middle-class population.<br><br>The market's growth is fueled by the rapidly expanding international tourism market and the increasing number of new air routes in Asian countries. However, global currency fluctuations could potentially hamper product demand. The market is segmented by type, with perfumes expected to dominate the global duty-free retail market share. The rising popularity of premium beauty products is also fueling demand in the cosmetics space. In terms of sales channels, airports dominate product sales worldwide.<br><br>The Asia Pacific market is anticipated to witness significant growth over the forecast period, with Europe and North America also expected to see growth. The South America and Middle East and Africa markets are likely to experience an upward trend due to rising consumer demand for premium/luxury perfumes. Duty-Free & Travel Retail market share, size, and revenue growth rate statistics provide a comprehensive market overview, including market forecast and market trends. A sample of this industry report is available as a free report PDF download.<br><br>The industry outlook remains positive, with market leaders driving the market growth. Market segmentation by product type and distribution channel offers detailed market data. The market value is projected to rise, supported by industry statistics and market predictions. Research companies provide valuable industry information and industry research, contributing to market review and market analysis. The report example highlights the importance of understanding market dynamics to capitalize on growth opportunities.

   The Global Duty Free & Travel Retail Report Covers the Following Regions: NA, North America, North American, Northern America, Northern American, SA, South America, South American, EU, Europe, European, APAC, Asia-Pacific, Asian, MEA, Middle East and Africa, Middle Eastern and African, MENA, Middle East, Middle Eastern, Africa, African, Americas, American

BCC Research Market Report says smart retail technologies should grow from $22.6 billion in 2021 to $68.8 billion by 2026 with a compound annual growth rate (CAGR) of 24.9%

Retail Cooler Market size was valued at USD 1.50 billion in 2021 and is poised to grow from USD 1.53 billion in 2022 to 3.15 billion by 2030, growing at a CAGR of 8.6%

According to estimates, between 2021 and 2026, the fashion and apparel sector within the global retail industry is expected to grow at a CAGR of *** percent, making this the world's fastest growing retail product category. Following fashion and apparel, electricals are forecast to be the second-fastest growing product category based on CAGR.

A comprehensive dataset providing key insights into the eCommerce industry, including global retail online sales projections, number of eCommerce stores, digital buyer statistics, revenue growth in the United States, sector-wise revenue details with a focus on consumer electronics, average conversion rates, and mobile commerce sales forecasts.