Noida, UP -- (SBWIRE) -- 03/09/2011 -- South Africa represents the largest retail industry in the Sub-Saharan region and ranked as the 20th largest retail market worldwide. The retail market has benefited from the strong consumer confidence and high public spending on both food and non-food items. We have found that the non-food retailing will grow at faster pace than food retailing, with high spending on technical consumer goods. As per our research report “South African Retail Industry Forecast to 2013”, the non food retail sales in South Africa is expected to grow at a CAGR of around 5% during 2010-2014.
According to our research, rise in investments by the international players, growing technological need, and rise in young population preferring new and advanced electronics equipment & apparel brands will spur the retail sales of non-food items in South Africa. Our study also reveals that among the non-food segment, technical consumer electronics products, such as mobile phones, personal computers, major & small home appliances, and other goods account for the largest share of around 60%.
Our report has analyzed both segments of the South African retail industry, the food retail and the non-food retail. It has further segmented the non-food retail into clothing & footwear, cosmetics & toiletries, furniture, household cleaning products, and consumer electronics. The report has also studied the South African retail market in terms of different retail formats – convenience stores, supermarkets, and traditional market.
“South African Retail Industry Forecast to 2013” provides comprehensive information and conceptual analysis of the South African retail market. It also includes the current and past market trends to present an idea about the industry developments. The report also includes prediction of future trends not based on the complex model, but are intended to provide a rough guide towards the direction, in which, the market is likely to move. The study also provides a brief business description and performance overview of the main retailers, which will help the clients in analyzing market dynamics and competition.
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RNCOS 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.