Global Convenience, Mom and Pop Stores Market (2021 to 2030) - COVID-19 Impact and Recovery - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Convenience, Mom and Pop Stores Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.

This report provides strategists, marketers and senior management with the critical information they need to assess the global convenience, mom and pop stores market as it emerges from the COVID-19 shut down.

The global convenience, mom and pop stores market is expected to grow from $908.19 billion in 2020 to $963.5 billion in 2021 at a compound annual growth rate (CAGR) of 6.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1339.8 billion in 2025 at a CAGR of 9%.

Companies Mentioned

• 7-Eleven
• FamilyMart
• Alimentation Couche-Tard
• Lawson
• OXXO

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market research findings.
• Benchmark performance against key competitors.
• Utilize the relationships between key data sets for superior strategizing.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Convenience, mom and pop stores are increasingly adopting the concept of unmanned convenience stores. Unmanned convenience store concept uses artificial intelligence and smart phone concepts to eliminate the use of service personnel or cashiers in the store. The unmanned convenience stores maintain a virtual cart for every customer that enters the stores where the products are added and removed based on the customer's action. The deduction of amount takes place when the customer scans the product using a smart phone. Following the trend, in 2019, unmanned convenience store named, Aiquna, was launched in China. The store stocks food and daily necessities. Other unmanned convenience stores include Amazon Go, Alibaba's Hema and Bingobox.

The outbreak of Coronavirus disease (COVID-19) has acted as a massive restraint on the convenience, mom and pop stores market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in decline in manufacture and trade of non-essential goods and an overall decline in economic activity with countries entering a state of 'lock down' and the outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the convenience, mom and pop stores market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy.

The convenience, mom and pop stores are adopting a robust and cohesive strategy for data analytics in management. This technology is being deployed to enhance supply chain efficiency, streamline operations to engage customers and building loyalty, data has become critical for most retail operations. For instance, the global retail analytics market is expected to rise up to $5.1 billion by 2020.

Key Topics Covered:

1. Executive Summary

2. Report Structure

3. Convenience, Mom And Pop Stores Market Characteristics

4. Convenience, Mom And Pop Stores Market Product Analysis

4.1. Leading Products/ Services

4.2. Key Features and Differentiators

4.3. Development Products

5. Convenience, Mom And Pop Stores Market Supply Chain

5.1. Supply Chain

5.2. Distribution

5.3. End Customers

6. Convenience, Mom And Pop Stores Market Customer Information

6.1. Customer Preferences

6.2. End Use Market Size and Growth

7. Convenience, Mom And Pop Stores Market Trends And Strategies

8. Impact Of COVID-19 On Convenience, Mom And Pop Stores

9. Convenience, Mom And Pop Stores Market Size And Growth

9.1. Market Size

9.2. Historic Market Growth, Value ($ Billion)

9.3. Forecast Market Growth, Value ($ Billion)

10. Convenience, Mom And Pop Stores Market Regional Analysis

10.1. Global Convenience, Mom And Pop Stores Market, 2020, By Region, Value ($ Billion)

10.2. Global Convenience, Mom And Pop Stores Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Region

10.3. Global Convenience, Mom And Pop Stores Market, Growth And Market Share Comparison, By Region

11. Convenience, Mom And Pop Stores Market Segmentation

12. Convenience, Mom And Pop Stores Market Metrics

For more information about this report visit https://www.researchandmarkets.com/r/mt7pc4