In 2024, based on preliminary figures, the German retail sector recorded around 657.4 billion euros in sales revenue. Retail purchasing power and revenue per inhabitant differed somewhat by federal state.

In fiscal year 2021, the Chinese online retailers JD.com and the global retail giant Amazon ranked as the fastest growing retailers based on CAGR between FY2016 and 2021. Among the leading 10 retailers based on 2021 sales, Walmart, the world's leading retailer, registered a comparatively slower CAGR at 3.3 percent.

Forecast: Mobile Retail Revenue in Brazil 2024 - 2028 Discover more data with ReportLinker!

Forecast: Mobile Retail Revenue in China 2024 - 2028 Discover more data with ReportLinker!

In 2023, department stores had a share of roughly 1.4 percent in German retail revenues. Discounters and specialist stores (both chains and not) were the leading channels contributing to retail revenue in Germany.

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.

Retail Sales in the United States increased 0.20 percent in February of 2025 over the previous month. This dataset provides - U.S. December Retail Sales Increased More Than Forecast - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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Alibaba Group Holding Limited/New Retail & Direct Sales was the world's fastest-growing retailer between the fiscal years 2016 and 2021. The retailer registered a retail revenue CAGR (compound annual growth rate) of 153.1 percent during that period.

Who are the top retailers with the highest CAGR in retail revenue globally?

From fiscal year 2015 to 2020, Coupang Corp., Reliance Industries Limited, and Wayfair registered the highest compound annual growth rate in retail revenues. Coupang Corp is South Korea's largest online retailer. The retailer sells a variety of merchandise including apparel, cosmetics, electronics, footwear, food products, toys, furniture, among others. Meanwhile, Reliance Retail, part of Reliance Industries Limited, is India's largest retailer. The company offers consumer electronics, fashion, and groceries and operates over 11.7 thousand stores across India. Finally, Wayfair, the world's third fastest growing retailer, is a U.S. based online furniture and home décor company. The retailer employs around 17 thousand people and has more than 30 million active customers.

The world’s leading retail markets

The United States, China, India, and Germany are amongst the world’s top retail markets. As of 2019, the United States was the largest retail market in the world, with sales of over five trillion U.S. dollars. China, which has been closely following United States’ footsteps, surpassed the North American country for the first time in history to be the world’s largest retail market in 2020. Though this trend is forecast to be reversed in 2021, China’s fast post-pandemic (COVID-19) recovery allowed the nation to claim the number one position in the former year.

In 2023, retail e-commerce revenues from apparel and accessories sales in the United States amounted to 134.5 billion U.S. dollars, a slight decrease from 135.8 billion in 2022. The Statista Digital Market Outlook estimates that by 2029 the market revenue will increase to 219.3 billion U.S. dollars.

In 2019, 39 percent of the retail revenue from the world's leading retailers operating in the apparel and accessories sector was generated from operations outside of these companies domestic markets. Meanwhile, retailers in the hardline and leisure goods sector earned nearly 21 percent of retail revenue outside their home country. Hardline and leisure goods retailers include, but are not limited to, Amazon.com, The Home Depot, Lowe's, Best Buy, and JD.com.

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Graph and download economic data for Retail Sales: Department Stores (MRTSMPCSM4521EUSS) from Feb 1992 to Jan 2025 about retail trade, sales, retail, and USA.

Standard error reference tables for the Retail Sales Index in Great Britain.

The revenue management market size is projected to grow from USD 22.82 billion in 2024 to USD 72.68 billion by 2035, representing a CAGR of 11.10%, during the forecast period till 2035.

This pie chart displays companies per revenue type using the aggregation count and is filtered where the industry is Specialty Retail. The data is about companies.

Brazil Retail Trade: CNAE 2.0: Northeast: Rio Grande do Norte: Number of Local Unit with Retail Revenue data was reported at 16,441.000 Unit in 2017. This records a decrease from the previous number of 17,249.000 Unit for 2016. Brazil Retail Trade: CNAE 2.0: Northeast: Rio Grande do Norte: Number of Local Unit with Retail Revenue data is updated yearly, averaging 16,166.000 Unit from Dec 2007 (Median) to 2017, with 11 observations. The data reached an all-time high of 17,583.000 Unit in 2011 and a record low of 12,523.000 Unit in 2008. Brazil Retail Trade: CNAE 2.0: Northeast: Rio Grande do Norte: Number of Local Unit with Retail Revenue data remains active status in CEIC and is reported by Brazilian Institute of Geography and Statistics. The data is categorized under Brazil Premium Database’s Wholesale Trade, Retail Trade, Repair of Automotive and Motorcycles Sector – Table BR.RJD031: Retail Trade: Financial Data: CNAE 2.0: by State.

Retail Sales in France decreased 0.20 percent in February of 2025 over the same month in the previous year. This dataset provides - France Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In the United STates, gaming, video, audio, and apps were forecast to generate around 151 billion U.S. dollars in 2023. The OLED TV market was expected to generate 2.3 billion U.S. dollars, while portable gaming consoles around 1.5 billion.

According to Cognitive Market Research, the global retail sector market size will be USD 29584.5 million in 2024. It will rise at a compound annual growth rate (CAGR) of 5.9% between 2024 and 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 11833.8 million in 2024 and will climb at a compound annual growth rate (CAGR) of 4.1% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 8875.4 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 6804.4 million in 2024 and will climb at a compound annual growth rate (CAGR) of 7.9% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 1479.2 million in 2024 and will climb at a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031.
Middle East & Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 591.7 million in 2024 and will climb at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.
The independent retailer segment is the fastest-growing ownership category of the retail sector industry.

Market Dynamics of Retail Sector Market

Key Drivers for Retail Sector Market

Increased Focus on Personalized User Experience to Facilitate Market Growth

The rapid growth of e-commerce has transformed the retail landscape. Consumers increasingly prefer the convenience of online shopping due to its accessibility, variety, and ease of comparison. This flexibility is particularly appealing to busy individuals and families. The proliferation of smartphones and improved internet access globally enables more people to engage in online shopping. This trend is especially prominent in emerging markets where digital access is expanding rapidly. Retailers are continuously investing in user-friendly websites, mobile apps, and personalized shopping experiences, utilizing AI and machine learning to tailor recommendations and promotions to individual preferences. For instance, on January 19, 2023, Tata Consultancy Services (TCS) announced TCS Customer Intelligence & Insights (CI&I) for Retail 3.0 to assist merchants in strengthening their client interactions. This provides hyper-personalized involvement at all stages of the customer journey. The platform delivers insights, forecasts, and recommended actions at key physical and digital touchpoints, resulting in increased marketing ROI and customer happiness.

Robust Adoption of Highly Advanced Technologies to Promote Market Developments

Emerging technological innovations are reshaping the retail sector by enhancing operational efficiency, improving customer experiences, and enabling personalized marketing strategies. Retailers are leveraging AI for inventory management, customer service, and personalized recommendations. AI-driven analytics help retailers understand consumer preferences and optimize their product offerings accordingly. The use of big data allows retailers to analyze consumer behavior, preferences, and purchasing patterns. This data-driven approach enables targeted marketing strategies and improves customer engagement. For instance, in January 2023, Microsoft and AiFi, a firm that helps businesses adopt modern shopping technology at a reasonable cost, announced their cloud service 'Smart Store Analytics'. Smart store analytics, which is part of Microsoft's Cloud for Retail product suite, provides shopper and operational data for retailers who use AiFi technology in their smart store fleets.

Restraint Factor for the Retail Sector Market

Growing Number of Retail Players Increases Price Wars to Limit Market Share

The growing number of retailers and e-commerce platforms is intensifying price competition within the retail sector. As more players enter the market, both brick-and-mortar stores and online platforms are vying for consumer attention by offering competitive pricing strategies. This increased competition leads to frequent discounting, promotional offers, and price wars, which can erode profit margins for retailers. Smaller businesses, in particular, face challenges in maintaining profitability as they compete with larger retailers who can leverage economies of scale to offer lower prices. Thus, the pressure to balance competitive pricing with sustainable marg...