TAXABLE RETAIL MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

The taxable retail market is a crucial aspect of the global economy, representing a significant portion of consumer spending. Taxes levied on retail transactions play a vital role in generating revenue for governments and are used to fund essential services and infrastructure development. Understanding the dynamics of this market is essential for businesses, policymakers, and consumers alike.

Market Dynamics:

The taxable retail market is driven by several factors that shape its growth and performance. First, the increasing disposable income of consumers coupled with changing lifestyles and preferences drive the demand for retail products. As customers have more purchasing power, they are more likely to engage in retail transactions and contribute to the growth of this market.

However, the market also faces certain restraints. One major challenge is the rising competition among retailers. Established retail giants like Walmart, Amazon, Costco, and Target have a significant market share and constantly strive to attract and retain customers through aggressive pricing strategies and innovative marketing techniques. This intense competition poses a barrier for newcomers and smaller players trying to establish themselves in the market.

Despite the challenges, the taxable retail market also presents significant opportunities. The rapid growth of e-commerce has revolutionized the retail sector, allowing retailers to reach a wider customer base and expand their business operations. Online retail platforms like Amazon and Walmart.com have witnessed tremendous growth, fueled by the increasing trend of online shopping. Moreover, the integration of advanced technologies such as artificial intelligence and virtual reality in the retail sector has further enhanced the shopping experience for consumers, providing new avenues for growth.

Key features of the study:RF

• This report provides an in-depth analysis of the global taxable retail market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global taxable retail market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Walmart, Amazon, Costco, Target, Best Buy, Home Depot, Kroger, Lowe's, Albertsons, Publix, Walgreens Boots Alliance, CVS Health, 7-Eleven, Rite Aid, Ace Hardware, Menards, Dick's Sporting Goods, L Brands, Nordstrom, and Macy's.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global taxable retail market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global taxable retail market

Taxable Retail Market Detailed Segmentation:

• By Product Type
  • Food & Beverage
  • Apparel & Footwear
  • Consumer Electronics
  • Home Improvement
  • Personal Care & Beauty
  • Toys & Games
  • Others
• By Distribution Channel
  • Supermarkets & Hypermarkets
  • Convenience Stores & Departmental Stores
  • Specialty Stores
  • Others (Warehouses, etc.)
• By Location
  • Standalone
  • Malls
  • Strip Centers
  • Power Centers
  • Lifestyle Centers
  • Factory Outlets
  • Others
• By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
• Top Companies in Taxable Retail Market:
  • Walmart
  • Amazon
  • Costco
  • Target
  • Best Buy
  • Home Depot
  • Kroger
  • Lowe's
  • Albertsons
  • Publix
  • Walgreens Boots Alliance
  • CVS Health
  • 7-Eleven
  • Rite Aid
  • Ace Hardware
  • Menards
  • Dick's Sporting Goods
  • L Brands
  • Nordstrom
  • Macy's