The report below gives a good overview of the Summer 2022 M&A activity in the Consumer Retail Industry Sector. The global consumer product and retail market is projected to increase from $18.2 trillion in 2021 to $29.1 trillion in 2028, growing at a CAGR of 7.5%, as per research published by ResearchAndMarkets.com. The e-commerce sector is a significant segment of the consumer retail industry. The global e-commerce market is expected to increase from $3.3 trillion in 2022 to $5.4 trillion in 2026, as per report published by Morgan Stanley. The market is expected to grow due to various factors including increased mobile device ownership, better logistics, and marketplace expansion. In the US, retail sales increased from $1.6 trillion in Q1'21 to $1.7 trillion in Q1'22, at a growth rate of 10.9%, as per a report published by the US Department of Commerce. However, retail sales in the US decreased Month-on-Month (MoM) by 0.3% in May 2022, compared to April 2022, due to surging inflation, rising energy costs, and higher interest rates, as per report published by Trading Economics. However, it is anticipated that these macroeconomic factors will have a short-term influence on retail sales. Hence, US retail sales are forecasted to increase by 1.0% in 2023 and 0.4% in 2024, as per the same report. Furthermore, the global consumer retail market is expected to increase due to rapid urbanization and increasing industrialization.
Posted by Joe Sands.