ReportsWeb- Retailing in Germany, Market Shares, Summary and F

Retailing in Germany, Market Shares, Summary and Forecasts to 2021
ReportsWeb.com published “Retailing Market” from its database. 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.
"Retailing in Germany, Market Shares, Summary and Forecasts to 2021" provides data for
historic and forecast retail sales, and also includes information on the business environment
and country risk related to German retail environment. In addition, it analyzes the key
consumer trends influencing German retail industry.
German retail market registered sales of EUR535 billion in 2016 and is expected to grow at a
CAGR of 2.8% over the next five years. Increasing employment and rising wages will boost
retailer spending over the next five years as the economy improves ,and is forecast to grow at
CAGR of 2.8%. Consumers in Germany are actively engaged with online retailing and this
channel is outperforming all others. Its share of total retail spending will grow from 8.3% to
12.5% by 2021, with some sectors taking an even greater share. In the long term German
retailers are up against demographic trends. The ageing population and low birthrate is causing
the population to shrink. This and therefore fewer working people will impact overall spending.
For more information about this report: http://www.reportsweb.com/retailing-in-germany-
market-shares-summary-and-forecasts-to-2021
Scope
- German retail sector is forecast to grow at a CAGR of 2.8% between 2016 and 2021 to reach
EUR598bn, increasing by EUR62.3bn.
- Online retail sales in the country have recorded strong growth at a CAGR of 13.7% between
2011-2016 and reached EUR44.1 billion in 2016.
- Clothing & footwear will underperform as new international entrants push down prices and
increase competition
- Food and grocery is anticipated to grow at a CAGR of 2.0% during 2016-2021, from €209.8
billion in 2016 to €232 billion by 2021.
- Frequent visits for fresh food and top ups to drive sales at convenience stores
- Metro Group is the largest player in electicals market with an estimated market share of
12.0%