US Convenience Stores to Cross US$ 650 Billion by 2013By: Shushmul Maheshwari
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US Convenience Stores to Cross US$ 650 Billion by 2013
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A new market research report, “U.S. Convenience Stores Market Outlook to 2013”, recently released by RNCOS says that despite the global economic slowdown, the US convenience store industry is expected to grow to over US$ 650 Billion by 2013 on growing income level and increasing working population in the country.
Personal disposable income is one of the key drivers of the convenience store industry in the US. Consumers are spending a big proportion of their income on food & non food items with rising income level. Moreover, personal disposable income in the US is anticipated to grow more than 15% to reach nearly US$ 41000 per head by 2013, which will further boost consumer expenditure on various products available in convenience stores.
Apart from growing disposable income, the US convenience store industry is driven by rising working population in the country, said the RNCOS report. People have shown inclination to spend little extra at convenience stores for saving time and convenience. Commuting and travel time are also increasing, with many consumers seeking to minimize the effect of this on their leisure time by multi-tasking while traveling. Besides, increasing popularity of food-to-go, takeaways, snacks and ready-to-eat meals have created plethora of opportunities for c-store chains to expand their network. Thus, c-stores have benefited from changing consumers habits of shopping, eating and drinking while on the way.
“U.S. Convenience Stores Market Outlook to 2013” provides an exhaustive research and rational analysis on convenience stores industry in the US. The report helps clients to identify market trends and evaluate the leading-edge opportunities critical for the success of the convenience store industry in the US. It also gives an overview on various factors driving the convenience store industry along with the forces blocking its growth.
The report supplements the past and current information on the US convenience store industry with forecast on various important industry aspects, including the market size of convenience store industry, retail industry, Working Population in US, middle class population, personal disposable income & GDP per head, number of internet users and breakup of population.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM184.htm
Check DISCOUNTED REPORTS on: http://www.rncos.comhttp://www.rncos.com |
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| Keywords |
U.S. Convenience Stores Market Outlook to 2013, Convenience Stores Market of U.S, Convenience Stores Market, Convenience Stores Industry |
| Category |
Business |
| Submission Date |
Jul 13, 2009 |
| Article Contact Name |
Shushmul Maheshwari || send email to Shushmul Maheshwari
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Other links at Business |
| 1. |
Jatropha seeds exporter,Biodiesel Manufacturers,Biofuel,Biodiesel
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Gore launches second campaign... for Earth
In a speech Thursday, Al Gore challenged the U.S. to generate 100 percent of its electricity from zero carbon emission sources within 10 years. Speaking at Washington's Constitution Hall, Gore said America's security, environmental and economic crises are all related, and that measures to rein in greenhouse gas emissions will make the U.S. stronger, safer, and cleaner. "The survival of the United States of America as we know it is at risk," Gore said. "I don't remember a time in our country when so many things seemed to be going so wrong simultaneously."
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Booming Consumer Electronics Market in India
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India has an increasingly affluent middle class population that, on the back of rapid economic growth, has made the country’s consumer electronics industry highly dynamic. The industry has been witnessing significant growth in recent years due to several factors, such as retail boom, growing disposable income and availability of easy finance schemes. But still, the consumer electronics goods, like refrigerators, microwave and washing machines have low penetration in the country, representing vast room for future growth. This is attracting many foreign majors to the country, says our new research "Booming Consumer Electronics Market in India”.
The report finds that since the penetration of several products like TVs and refrigerators are reaching saturation in the urban areas, the markets for these products are shifting to the semi-urban and rural areas.
This analytical research thoroughly evaluates the Indian consumer electronics industry. It briefly discusses about the current and emerging trends in the industry, underlining the future potential areas and key issues crucial for the industry development.
"Booming Consumer Electronics Market in India” offers extensive research on various consumer electronics products that are broadly classified as home appliances, audio/video appliances, mobile handsets, and PC market. It provides an insight into the emerging and potential future trend in all the categories and highlights the key strategies that need to be worked upon to get success in the highly competitive industry.
The report thoroughly analyzes the historic performance and future prospects, offering 4-year industry forecast, of following consumer electronics products:
- Washing Machines (Semi-automatic & Fully Automatic)
- Television
- Set-top Box
- Refrigerator (Frost-free & Direct Cool)
- Air Conditioner
- Microwave Oven
- MP3 Players
- Digital Camera & Camcorder
- Mobile Handsets
- PCs (Desktop & Notebook)
Key Research Findings:
- Propelled by growing middle class population, changing lifestyle and rapid urbanization, the Indian consumer electronics industry is forecasted to grow at a rapid rate of 10% to 12% in the coming few years.
- Volume sales of washing machine will be driven by growth in fully automatic category during 2008-09 to 2011-12.
- The market for televisions in India is changing rapidly from the conventional CRT technology to Flat Panel Display Televisions (FPTV). Currently, the split between CRT and FPTV is around 97% and 3% respectively, and the share of FPTV is projected to increase at robust rate in near future.
- Frost-free refrigerator sales, certainly growing at a much faster pace than the direct-cool category, are anticipated to drive the Indian refrigerators market over the forecast period.
- The AC market in India is projected to grow at 30% to 35% for the coming few years.
- Driven by young population, demand for MP3 players and digital video appliances are anticipated to surge at double-digit rate in near future.
- The low penetration level of consumer electronics goods coupled with increasing preference for comfort and luxurious goods are widely attracting the foreign as well as domestic players to the industry.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM157.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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RNCOS Releases a New Report- Booming Retail Sector in India
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RNCOS has recently added a new Market Research Report titled, “Booming Retail Sector in India” to its report gallery. India is one of the most attractive destinations for retailers from all across the globe. Thanks to the entry of corporate, changing consumer behavior & lifestyle, increasing influence of western culture and rising income, the Indian retail industry has seen phenomenal growth in the last five years (2001-2006) and organized retailing has finally emerged from the shadows of unorganized retailing and is contributing significantly to the growth of the overall retail sector, according to "Booming Retail Sector in India”, a new market research report by RNCOS. The research report helps the client to analyze the opportunities and factors that will make the Indian retail industry a success.
Key Findings
- Organized retail market in India is expected to reach US$ 50 Billion mark by 2011.
- Number of shopping malls is expected to increase at a CAGR of more than 18.9% from 2007 to 2015.
- Rural market is projected to dominate the retail industry landscape in India by 2012 with total market share of above 50%.
- Organized retailing of mobile handset and accessories is expected to reach close to Rs. 5000 Crore by 2010.
- Driven by the expanding retail market, third party logistic market is forecasted to reach US$ 20 Billion by 2011.
- Apparel, along with food and grocery, will lead the organized retailing in India.
Key Issues Analyzed
- What is the market size and scope of the retail industry in India?
- What are the current market trends?
- What are the growth prospects and issues related to the industry?
- What is the segment-wise size of the organized market and what are the growth prospects of the market?
- What are the opportunities and challenges faced by the industry?
- Who are the major players in the Indian retail industry and what are the latest developments?
Key Players Analyzed
This section covers the key players currently operating in the Indian retail industry, including Subhiksha, Reliance Retail Ltd, Pantaloon Retail (India) Ltd., etc.
Research Methodology Used
Information Sources
Information has been sourced from books, newspapers, trade journals, and white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to more than 3000 paid databases.
Analysis Method
The analysis methods include ratio analysis, historical trend analysis, linear regression analysis using software tools, judgmental forecasting and cause and effect analysis.
MORE THAN 50% OFF ON THIS REPORT TILL March 31, 2009
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM112.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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Business to Business Sales Training & Consulting
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Consultative Resources Corporation (CRC) provides custom business to business sales training programs grounded in the Consultative Selling Process. CRC has recently launched a newly enhanced website at www.Consultativesellingprocess.com. The company teaches needs-based selling skills and the art of client relationship building to distinguish professional sales teams far ahead of the rest of the competitive pack.
Based on an in-depth sales needs assessment, CRC builds custom b2b strategies that involve both sales team and sales management buy-in. Videotaped role-playing scenarios mimic the client’s industry and actual sales situations and are incorporated into both core and advanced sales training programs.
B2b sales programs include communication skills training, client relationship building, peer to peer sales coaching, problem solving, meeting facilitation, and the art of effective sales presentation. Consultative Resources Corporation also provides Motivational Sales Training Seminars and Event Speakers that empower sales teams to high performance. Custom business to business consulting is provided to meet the individual needs and goals of corporate clients.
For more information about b2b sales training and the consultative selling process, contact the professionals at 203.899.0500 or via their convenient website form at www.Consultativesellingprocess.com.
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