Thailand Retailing Market Size, Share, Growth, Cost and Price, Analysis, Key Trends and Opportunities Forecasts 2020
Thailand Retailing Market Size, Share, Growth, Cost and Price, Analysis, Key Trends and Opportunities Forecasts 2020
Summary The Thai retail market recorded a CAGR of 3.2 % over the past five years despite economy slowdown and political instability. It is expected to grow at a CAGR of 3.7 % in 2015-2020 driven by increasing consumer spending, rising tourism, and a growing middle-income population. In addition, the Thai government has included boosting consumer spending among its main economic policies will support the growth retail market in the country.
On the other hand, growing internet and smartphone penetration coupled with high interests among the youngsters to shop online is expected to fuel the retail sales through online channel. Rising international tourist arrivals will ensure a good platform for duty free operators. To capitalize on this opportunity duty free retailers are opening downtown duty free stores across popular tourist destinations such as Bangkok and Phuket.
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Synopsis Retailing in Thailand- Market Summary and Forecasts, 2015-2020 provides data for historic and forecast retail sales, and also includes information on the business environment and country risk related to Thailand retail environment. In addition, it analyzes the key consumer trends influencing Thailand retail industry.
The report also offers:- In-depth analysis of the latest trends in consumer shopping, covering the factors driving shopping, consumer insights, market dynamics( covering 26 product categories), and reviews of the latest best practice in online retail site design
- Market insights based on consumer trends, changing economic and demographic factors, technology innovations, and other macroeconomic factors
- Retail sales and fastest-growing product categories including Clothing, Footwear, Books, News and Stationery, Electrical and Electronics, Food and Grocery, Health and Beauty, Furniture and Floor Coverings, Home and Garden Products, Music, Video and Entertainment Software, Sports and Leisure Equipment, Jewelry, Watches and Accessories, and Luggage and Leather Goods
- Qualitative and quantitative insights of changing retail dynamics across various channels
Key Findings- Thailand ' s silver shoppers creating new opportunities for retailers