Noida, UP -- (SBWire) -- 08/11/2010 -- According to our report “Asian Convenience Store Market Forecast to 2012”, the convenience store industry in the region has grown at a blistering rate over the past few years. The growth in the industry is attributed to the increasing consumer preference for convenience shopping and the growing service class population. This new concept of shopping has given new dimension to the retail industry. Moreover, it is gradually replacing the existing traditional and independent retailers in the region.
Although the Asian convenience store is going through the transition phase, China has emerged as a potential c-store market, growing at a CAGR of 21% (in value terms) during 2010-2012. Besides China, India also has a strong potential for future growth as majority of retail market is dominated by the unorganized sector that leaves the organized retailing still untapped.
However, in the coming years, convenience stores will emerge as a major distribution channel. The refueling facility, along with the product availability at an affordable price and shopping, will fuel the growth.
Our report “Asian Convenience Store Market Forecast to 2012”, provides exhaustive information and conceptual analysis on the growing convenience store industry in Asia. It facilitates quantitative and qualitative trend analysis of past and current industry scenarios and provides a clearly defined direction in which the industry is likely to proceed in coming years. The report gives an insight into the convenience store industry in different Asian countries along with a brief overview of consumer behavior in those countries. The future growth areas and roadblocks evaluated in the research report will help clients to align their business strategies as per the changing market dynamics in the region.
Moreover, our report also discusses about the key market driving trends of the coming period. In addition, the report lays special emphasis on the competitive landscape of key players operating in the region. The identification of major players and their performance in detail is discussed, including the SWOT analysis.
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Asian Convenience Store Industry Set for Robust Growth
With the increasing consumer preference and the growing service class population, the new trend of retailing through c-store is gaining popularity and is expected to grow at a blistering rate.