Specialty Retailers Market Global Briefing 2018

Specialty Retailers Market Global Briefing 2018

  • January 2018 •
  • 34 pages •
  • Report ID: 4977637 •
  • Format: PDF
The specialty retailers include stores that focus on catering to one specific retail market or one merchandise line of goods. The scope of the product offerings determines if a company is a specialty store.
Specialty retailers market in this report is segmented into motor vehicle and parts dealers, furniture and home furnishings stores, electronics and appliance stores, food and beverage stores, health and personal care stores, gasoline stations, clothing and clothing accessories stores and miscellaneous store retailers.

Asia Pacific was the largest region in the specialty retailers market in 2017, accounting for around 32% of the market. This was mainly a result of the region’s large population, increased government supports towards the retail industries, and favorable changes in consumer tastes and preferences.

North America was the second largest region accounting for around 26% of the market. Eastern Europe was the seventh largest region accounting for around 4% of the market. The size of the population and relative low incomes compared to Western Europe and the USA.

Digital retailing is transforming the in-store experience by leveraging technology which significantly enhances the customer experience. Digital retailing accelerates the shopping experience by efficiently engaging in seamless connectivity from website to showroom across all aspects of the deal. This has been widely accepted in the automotive industry.

In the automotive industry, the dealership personnel is given tools to assist the customer in selecting their model based on their preferences. According to the report published by EY, 72% of consumers feel that an improved buying process would motivate them to visit dealerships more often. For instance, DCH Brunswick Toyota is using a white-labeled Digital Salesperson solution in their showrooms. Roadster is also offering their dealer partners in-store apps and vehicle recommender tool.

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