Convenience Stores Industry 2019
Description:-
Convenient stores, also referred to as corner store, is a retail store that stocks products people require in daily life. Products can range from foodstuffs to items containing tobacco. Convenient stores also avail courier services. They are mostly placed along busy roads or in communities. There are several advantages of convenient stores that are drawing the attention of people. The global market of convenient store is expected to capitalize on its growing public demand and popularity. The report details important factors that can drive and resist the market growth. It also discuss about regional growth of the market and demographic challenges. Key players, their contribution and trends are also discussed in the report.
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Major Key Players
Alimentation Couche Tard Inc.
Casey’s General Stores Inc.
Seven & i Holdings Co. Ltd.
Sunoco LP
There are several forces that are expected to influence the global convenient store market. As the name suggests, convenient stores are located in place where they can be accessed easily. This is identified as the primary factor that is likely to boost its global market growth. Then nature of convenient store business is such, that people do stop by them to grab stuffs they need in regular basis. Thus, these stores have stable revenue, which contributes to world economy. These are other factors that are expected to surge the convenient stores market.
On the contrary, there are multiple factors that are expected likely to limit the rapid-paced expansion of the worldwide market of convenient store. Price of products in convenient stores are high, which can bring a dip in the growth curve of the market. However, the market is expected to gain quick momentum as people still prefer purchasing from convenient stores as they save time. These stores, being placed locally, is continuously under the danger of thefts, which can fall as crucial risk on the market. These pitfalls can resist the upward trend of the market.
Segmental Outlook
The worldwide market of convenient stores has been segmented by type and applications. The type segment comprises party stores, liquor stores, general stores, and mini-markets. The general stores are garner the highest sales number, as they are extremely feasible to access and possess varieties of items. Hence, its segment is expected to gain high traction for the market. Under the application type, falls food and other industries. The segmental outlook of the market aids in the identification of growth opportunities of the market that enables devising proper strategic plans.
Regional Analysis
The convenient store market in the Asia Pacific region is expected to hold the largest share of the global market. As the population in APAC grows, the urban migration is increasing, which is expected to cast a positive influence on the regional market. The Europe is expected to grow at a rapid pace owing the growing inclination of people towards more comfort. The market in the
Industry News
Gilbarco Inc, manufacturing company in the United States, introduced a new self-checkout system, Passport Express Lane™, for its convenience stores. This is to provide a seamless solution to people by reducing C-store lines.
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Table Of Contents – Major Key Points
1 Convenience Stores Market Overview
2 Manufacturers Profiles
3 Global Convenience Stores Market Competition, by Players
4 Global Convenience Stores Market Size by Regions
5 North America Convenience Stores Revenue by Countries
6 Europe Convenience Stores Revenue by Countries
Continued….
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