Global Convenience Store Market Outlook
Market Overview
According to Goldstein Research, Convenience Store Market is anticipated to be valued at USD 48.1 billion by 2024, expanding at a compounded annual growth rate of 0.28% during the forecast period 2016-2024. The factors such as long open hours of the convenience stores with some opening for 24 hours and the smaller & compact storage space of the stores which is feasible for quick access to all necessary products are predominantly attracting high number of consumers & increasing the sales of convenience stores. convenience store market segmentation has been carried out on the basis of types of product, type of store and geography. Based on types of products segmentation, gasoline segment in terms of sales accounts for the largest market share of 53.2% in 2016 among all other products. Whereas based on geography, global convenience store market is majorly dominated by North America with a market share of 34.0% in 2016. North America is further followed by Europe convenience store market, which is anticipated to grow at a CAGR of 1.0% during the forecast period. The UK is witnessed to have the largest number of convenience stores in Europe. However, despite having a rapid growth rate, booming E-Commerce Industry is expected to be the major restraint in the growth of convenience stores market.
Browse Full Report: Convenience Store Market
Market Segmentation
On the basis of our in-depth analysis, Global Convenience Store Market can be segmented as follows:
By Types of Product
- Gasoline
- Food
- Fresh
- Packed
- Beverages
- Tobacco
- Snacks and Refreshments
- Grocery items
- Financial services
By Type of Store
- Kiosks
- Mini Convenience Store
- Limited Selection Convenience Store
- Traditional Convenience Store
- Expanded Convenience Store
- Hyper Convenience Store
By Region
- North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
- Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Key Players
The market research report encompasses the competitive outlook of following major players: 7-Eleven Inc, Alimentation couche-tard, Speedway, Casey’s general STORE Inc, Murphy USA Inc, Bargain Booze select convenience, Best-One, Convenience retail Asia, Amazon Go, Sunoco LP, GasBuddy, BGF retail, etc.
Global convenience store Market Outlook, 2016-2024 Covers:
- Forecast market size (USD), market share (%) and market growth CAGR, 2016-2024
- Present ground scenario and future opportunity prospects for the market players to analyze the target markets across the globe.
- In-depth competitive analysis of the major players and leaders in television industry.
- Future prospects of the overall industry based on retailers and suppliers of a convenience store across the globe.
- The report also includes Porter's five force model, SWOT analysis, company profiling, business strategies of market players and their business models.
- Global convenience store market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.
- Market growth dynamics, challenges, risk analysis, trends & opportunities for the new & existing players in the market.
- The market segmentation in the report is backed by the estimated & forecast market size (USD) & market share (%) along with the BPS analysis & market attractiveness.
Key questions answered in Global Convenience Store Market Report
- What is the global convenience store market Size by 2025 and what would be the expected growth rate of the industry?
- What is the total revenue per segment and region in global convenience store market in 2016-2017 and what would be the expected revenue per segment and region over the forecast period?
- What are the global convenience store market trends and recent developments?
- What are the factors which are driving the global convenience store market?
- What are the major barriers to global convenience store market growth?
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