The report forecasts the retail in Australia to grow at a CAGR of 2.39% during the period 2016-2020.
The retail market in Australia has been witnessing high growth over the past few years and shaping up to be one of the top competitive markets at a global level. As boundaries of global retail falls, the Australian consumers are becoming more sophisticated and demanding, there are positive signs to be optimistic about the opportunities being created in the changing market.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, one of the key drivers for market growth will be growth in tourism boosting the retail market. The influx of tourists has played a major role in the development of the market. Tourists from Saudi Arabia are the world's biggest spenders when they head abroad, splashing more £14bn every year, according to government figures. The wealthy Gulf country says at least 4.5 million Saudi tourists take at least one holiday each year and they spend as much as six times as Western holidaymakers. The 2.5 million pilgrims performing Haj each year (with many others visiting Saudi Arabia to perform Umrah during other times of the year) provides a major boost to the Saudi retail market.
- ALDI Stores
- JB Hi-Fi
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Australia: Country profile
PART 06: Market landscape
PART 07: Market segmentation by product
PART 08: Segmentation by retail formats
PART 09: Positioning by product category
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
PART 16: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/hf89pl/retail_market_in