According to our recent research report “Global Convenience Store Market Analysis”, the c-stores have shown high growth prospects in comparison to the other forms of retail outlets. Despite the economic slowdown in 2009, the c-store industry recorded positive growth. Particularly, in many Asian countries, c-stores saw a rising trend, as the Asian countries were least affected by the economic slowdown.
The traditional grocery stores are slowly and gradually losing their share to the modern retailing formats. With the fuel sales facility provided by c-stores, they get an additional advantage over the other retailing formats, which is driving the growth of c-stores. For instance, the c-store industry in Indonesia is anticipated to grow at a healthy rate of 34% during 2010-2012 and that in China is expected to grow at a rate of 21% during the same period.
Our report identifies that apart from China and Indonesia, countries like Malaysia, Taiwan and South Korea are also witnessing high growth rates. The Indian organized retail sector also represents vast untapped potential for the expansion of c-stores. With a large consumer base, India is all set to witness significant growth in the coming years.
Moreover, the report also highlights the effect of various macroeconomic factors such as growing working population and income levels on the growth of the c-store industry. With the growth in working population and income, the demand for convenience stores is set to increase in future.
Our report “Global Convenience Store Market Analysis” provides an extensive analysis on the booming c-store market across the world. It provides an insight into the c-store industry across Asia, Europe and North America, and gives a brief overview on the consumer behavior. The report helps clients analyze the trends in c-store retailing worldwide and identify the key emerging markets. Future growth areas and challenges for the industry mentioned in the report help clients to align their business strategies as per the changing market dynamics.
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.