New store openings, acquisitions, and e-commerce drive will drive Canada’s retail industry outlook to 2026. Further, strong M&A activity coupled with the expansion of distribution channels will benefit the companies operating in the Canadian retail markets.
On the other hand, growing consumer awareness, increasing competition, costs involved in the deployment of advanced technologies such as Artificial Intelligence and emerging non-traditional resellers will challenge the market growth. Retail companies across Canada focus on improving economies of scale, boosting operational efficiency and diversifying revenue through e-commerce channels.
On the global front, the retail market size is estimated to be around $4.8 billion with North America dominating the retail sales, followed by Europe and the Asia Pacific. Further, the Middle East, Africa and Latin America are expanding rapidly.
Get a sample copy before purchase (:
Expansion into new markets remains the core strategy of global leading companies with average operations per company spanning across 10 countries. Among products, fast-moving consumer goods topped the sales during 2019, followed by hard and leisure goods, apparel and accessories, and others. Growing Canada’s e-commerce distribution channels are encouraging the foray of new entrants into the market. Recovering economy coupled with increasing buyer purchasing power, high disposable incomes of middle-class families and ease of access are driving the retail industry in Canada.
The Canada Retail Market, Size, Share, Outlook and Growth Opportunities 2020-2026 presents a comprehensive analysis of the country’s retail market. Key trends and critical insights into Canada Retail markets along with key drivers, restraints, and growth opportunities are presented in the report. Canada household spending, expenditure outlook on essentials and non-essentials are forecast to 2026. Further, Canada’s spending on food, alcoholic drinks, non-alcoholic drinks, tobacco spending, and others are forecast and analyzed in the report.
On the Canada clothing and footwear expenditure front, the total spending on the Canada population on clothing, footwear including repair spending is forecast to 2026.
Besides, key trends, drivers and market outlook of Canada household goods, tourism expenditure are also included in the research.
Purchase complete report @(USD $1199):
Canada Retail market is compared against five of its competitive markets in the region to analyze the role of Canada on the regional front and benchmark its operations. Global Retail, Asia Pacific, Europe, Middle East Africa, North America, and Latin America Retail market outlook is also presented in the report to provide a global perspective of the industry. Canadian population and economic outlook are also presented in the report to provide insights and forecasts of macroeconomic factors shaping the future of Canada Retail markets.
Further, business and SWOT profiles of three of the leading Retail companies in Canada are detailed in the report along with recent developments and their impact on overall market growth.
Recent News and Deals Landscape
Key Strategies of leading players-
– Enhance productivity and optimizing back end manufacturing processes
– Product enhancement through integrating new strategies involving big data, advanced analytics into traditional manufacturing processes
– Growing businesses through serving into new application areas and identifying pockets of growth in emerging markets
– Focusing on cost-effective production with stability and robustness
– Strategies for Product differentiation and adjusting to the life cycle changes
– Strengthening collaboration with suppliers and distributors
– More focused strategies are found in the report……
Full description @:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and Chinese and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
Irfan Tamboli (Sales)
Phone: + 1704 266 3234 | +91-750-707-8687