UK: Retail - Market Shares, Summary & Forecasts to 2023

UK: Retail - Market Shares, Summary & Forecasts to 2023

  • December 2019 •
  • 97 pages •
  • Report ID: 5862783 •
  • Format: PDF
UK: Retail - Market Shares, Summary & Forecasts to 2023

Summary
“UK: Retail - Market Shares, Summary & Forecasts to 2023” provides data for historic and forecast retail sales, and also includes information on the business environment and country risk related to UK retail environment. In addition, it analyzes the key consumer trends influencing UK retail industry:

Retail growth is forecast to slow to 1.6% in 2019, down from 2.0% in 2018, with uncertainty over Brexit muting demand. Weak consumer confidence has hit the housing market, with transactions declining over 2017-19 - hitting big ticket categories - though we expect pent up demand to move will be released in 2020 and transactions will pick up.

What else does this report offer?
- In-depth analysis of the latest trends in consumer shopping, covering the factors driving shopping, consumer insights, market dynamics (covering 26 product categories),
- The report also details major retailers in each category group with their product proposition analysis and market positioning in 2018 along with recent key developments
- Market insights based on consumer trends, changing economic and demographic factors, technology innovations, and other macroeconomic factors
- Retail sales and the fastest-growing product categories, which include Clothing, Footwear, Books, News and stationery, Electrical and electronics, Food and grocery, Health and beauty, Furniture and floor coverings, Home and garden products, Music, video and entertainment software, Sports and leisure equipment, Jewelry, watches and accessories, and Luggage and leather goods
- Qualitative and quantitative insights of changing retail dynamics across various channels

Scope
- Brexit causes muted forecast growth leading to further consolidation
- Retail industry is estimated to resume growth post Brexit outcome
- Decrease in consumer confidence leads to low spending on non-food sectors
- Essential sectors food and health lead growth in an uncertain economy
- Growth shifts from high streets and department stores to online
- Store closures and unpredictable weather conditions act as a catalyst to online growth

Reasons to buy
- Gain comprehensive knowledge on 26 product categories in UK retail market and develop a competitive advantage around consumer behavior trends from the start of your supply chain
- Explore novel opportunities that will allow you to align your product offerings and strategies to meet demand by analyzing the vital economic and population trends, and key consumer and technology trends influencing the retail market
- Investigate current and forecast behavior trends in each category to identify the best opportunities to exploit
- Analyze the recommended actions to align your marketing strategies with the crucial trends influencing consumer behaviour
- Understand the fastest-growing categories in the market with insights on the performance of individual product categories, across key channels from 2013, with forecasts until 2023
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