NewswireToday - /newswire/ -
Noida, Uttar Pradesh, India, 2012/03/27 - China’s convenience store market will grow at a CAGR of around 20% during 2012-2015, anticipates a recent research study by RNCOS - RNCOS.com.
In China, vast consumer base, strong economic growth and rising purchasing power are driving the retail market, which has been witnessing a phenomenal growth. With the rising retail sales, the per customer transaction amount in convenience stores’ total sales has significantly increased over the last few years, indicating the strength of the domestic market and resilience of economy. According to a new research report by RNCOS, the rapidly developing c-store industry in China is estimated to register a remarkable CAGR of around 20% during 2012-2015.
According to “Asian Convenience Store Market Forecast to 2012”, the convenience store market in the Asian region has experienced structural changes in terms of retail formats, with traditional grocery stores getting wiped, and new western-style hypermarkets and personal care stores receiving greater attention from consumers. Modern lifestyle and market players’ larger participation are leading toward the makeover of the Asian retail sector, which is moving away from conventional shopping pattern to a new format of convenient and easy shopping.
The report, which provides exhaustive information and conceptual analysis on the growing convenience store industry in Asia, facilitates quantitative and qualitative analyses of the past and present industry scenarios. It also provides a clear picture of the route, in which the industry is likely to proceed in the coming years. Giving an insight into the convenience store market in different Asian countries, the study provides a brief overview of consumer behavior in these nations. The future growth areas and roadblocks have been evaluated in the comprehensive research report to help clients align their business strategies as per the changing market dynamics. The study also looks into the competitive landscape and includes a SWOT analysis for each major player, with a view to presenting a balanced outlook of the industry to the clients.
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.