Summary
The
Thai retail market recorded a CAGR of 3.2% over the past five years despite
economy slowdown and political instability. It is expected to grow at a CAGR of
3.7% in 2015-2020 driven by increasing consumer spending, rising tourism, and a
growing middle-income population. In addition, the Thai government has included
boosting consumer spending among its main economic policies will support the
growth retail market in the country.
On
the other hand, growing internet and smartphone penetration coupled with high
interests among the youngsters to shop online is expected to fuel the retail
sales through online channel. Rising international tourist arrivals will ensure
a good platform for duty free operators. To capitalize on this opportunity duty
free retailers are opening downtown duty free stores across popular tourist
destinations such as Bangkok and Phuket.
View Summary of
This Report @ http://www.radiantinsights.com/research/retailing-in-thailand-market-summary-and-forecasts
Synopsis
Retailing
in Thailand- Market Summary and Forecasts, 2015-2020 provides data for historic
and forecast retail sales, and also includes information on the business
environment and country risk related to Thailand retail environment. In
addition, it analyzes the key consumer trends influencing Thailand retail
industry.
The report also
offers:
-
In-depth analysis of the latest trends in consumer shopping, covering the
factors driving shopping, consumer insights, market dynamics (covering 26
product categories), and reviews of the latest best practice in online retail
site design
-
Market insights based on consumer trends, changing economic and demographic
factors, technology innovations, and other macroeconomic factors
-
Retail sales and fastest-growing product categories including 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
Key Findings
-
Thailand's silver shoppers creating new opportunities for retailers
-
Food and Grocery accounts for a major share of the country's total retail sales
-
Luxury mall development will attract high spending
-
Rising tourist arrivals spurs retail sales growth in Thailand
-
Mobile commerce to boost online retail sales in Thailand
-
Thai government introduces a new e-payment system to become a cashless society
-
Music, video and entertainment software is the fastest growing category
Reasons To Buy
-
Gain comprehensive knowledge on 26 products across 12 product sectors in
Thailand 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, 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 behavior
-
Understand the fastest-growing categories in the market with insights on performance
of individual product categories, across key channels from 2010, with forecasts
until 2020
-
Analysis of key international and domestic players operating in Thailand retail
market
-
including store counts and revenues that give you a competitive edge
-
and identify opportunities to improve your market share
Buy a Sample Copy
of This Report @ http://www.radiantinsights.com/research/retailing-in-thailand-market-summary-and-forecasts/request-sample
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