NewswireToday - /newswire/ -
Noida, Uttar Pradesh, India, 2010/12/26 - Rapid growth in population along with increasing consumer spending will drive Turkey’s retail industry to grow at a CAGR of around 7% during 2010-2013, says RNCOS.
According to our recent research report “Middle East Retail Sector Forecast to 2013”, the Middle East region has been witnessing a strong growth in retail market during the past few years. Both domestic as well as international retailers are accelerating their market activities to tap the fast growing market. Our report has identified Turkey as the most potential and dynamic retail market in the region. We expect that the retail market in Turkey will grow at a CAGR of around 7% during 2011-2013.
Our study has found that the main reason for the growth of this industry is the rapidly growing population and increasing consumer spending. Several other factors like, strong consumer demand for improved retail facilities and increasing brand consciousness have also contributed to the growth of this industry. In addition to this trend, various other strong fundamental drivers discussed and analyzed in the report will enable the retail market in this country to sustain its upward growth trend in the coming years.
Apart from Turkey, we have also analyzed other Middle East retail countries including Saudi Arabia, Egypt, Iran, Israel, the UAE, Jordan, Oman, Qatar, and Kuwait. The report presents future forecast of retail sales in these countries along with other details like, their retail formats and retail space available. Besides, the report has identified key players in each country and has stated their detail business description.
Further, our team of experts has found that the Middle East region has been witnessing rapid transformation in retail activities on the back of changing market dynamics and rapid economic development. The retail culture has evolved from traditional outlets to large shopping malls, hypermarkets, supermarkets, and organized chains.
Our report “Middle East Retail Sector Forecast to 2013” is a comprehensive report that comprises quality research and an in-depth analysis of the Middle East retail industry. It studies emerging market trends, recent developments, and their impact on the market. The report will help clients to analyze the leading-edge opportunities, prospective customer base, key players, expected future outlook, and all the other factors, which are critical to the success of a new entrant in the Middle East retail market.
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.