NewswireToday - /newswire/ -
Noida, Uttar Pradesh, India, 2011/01/24 - Backed by factors like, rising disposable income and active private sector participation, North Asian countries acquired 76% share of the Asian convenience store sector, RNCOS identified.
According to our new research report “Asian Convenience Store Market Forecast to 2012” convenience store sector in Asian countries has been growing at a fast pace for the past few years. Increasing disposable income of middle class, effective private sector participation and wide range of service offerings are some of the prominent factors that have led to significant developments in the Asian convenience store market. In terms of share, North Asia accounted for around 76% of the market share, whereas South East Asia had 24% share in the market during 2009.
Our report has found that, Malaysia is providing immense opportunity to the players in retail market and the share of convenience store channels in overall retail stores has also increased during the past few years. In 2009, for example, convenience stores accounted for around 9.5% of total grocery outlets, while the same figure in the previous year was around 9.2%. The market is still untapped and provides immense opportunities to market players for earning more profits and customer base.
The report “Asian Convenience Store Market Forecast to 2012” provides a prudent analysis and effective description of the Asian convenience store market. Key countries of the region and current market trends have also been covered in the report. Besides, the report also provides an in-depth analysis of the retail market, convenience store sector, industry developments, competitive landscape etc. for each country. Moreover, emergence of latest technologies in conveniences stores has been elaborated.
Our report provides an effective analysis of current and past convenience store market scenario and illustrates the clear cut direction, in which, the industry is likely to proceed in coming years. Forecasting sections in the report makes use of reliable methods and techniques that make future projection more realistic. Besides, coverage of key industry players and their recent activities completes the overall picture of the Asian convenience store sector analysis. Overall, the report is likely to facilitate investment decision making of clients regarding retail industry in Asia.
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.