Retail Market in Australia to Grow 2.39% by 2020 - Growth in Tourism Boosting the Market - Key Vendors are ALDI, Metcash & Woolworths - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Retail Market in Australia 2016-2020" report to their offering.

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.

Key vendors:

  • ALDI Stores
  • JB Hi-Fi
  • Metcash
  • Woolworths
  • Wesfarmers

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

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Retail

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Retail