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USA Retail Market Research Report Information By Type (Motor Vehicle and Parts Dealers, Food and Beverage Stores, Gasoline Stations, Miscellaneous Store Retailers, Cosmetics and Personal Care Stores, Clothing & Clothing Accessories Stores, Electronics & Appliance Stores, Furniture & Home Furnishing Stores, Supermarkets & Hypermarkets, Convenience, Mom & Pop Stores, Department Stores & Other General Merchandise Stores, E-commerce & Other Non-Store Retailers, Building Material & Garden Equipment & Supplies Dealers, Pharmacies & Healthcare Sto


ID: MRFR/CR/10124-HCR | 130 Pages | Author: Snehal Singh| July 2024

USA Retail Market Overview


USA Retail Market Size was valued at USD 5125 Billion in 2022. The Retail industry is projected to grow from USD 5253 Billion in 2023 to USD 6401 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 17.00% during the forecast period (2023 - 2032). Increasing awareness and concern for environmental sustainability, social media influence, and changing consumer preferences are the main market drivers anticipated to propel the retail market in the United States.


USA Retail Market Overview


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


USA Retail Market Trends



  • Growing focus on sustainability is driving the market growth


The market's growing focus on sustainability is driving the growth. Consumers are aware of environmental and social issues that influence their purchasing decisions. It has increased demand for eco-friendly products, ethically sourced goods, and transparent supply chains. Retailers are responding by incorporating sustainable practices into their operations, from sourcing materials responsibly to reducing carbon footprints. Brands also emphasize social responsibility, addressing fair labor practices and diversity. Companies that align with these values appeal to conscious consumers, mitigate reputational risks, and ensure long-term viability in an environmentally conscious market.


Furthermore, the US continues to dominate and grow e-commerce. Online shopping has changed the retail landscape, providing consumers convenience, a vast product selection, and the ability to compare prices easily. E-commerce giants like Amazon have reshaped customer expectations with fast shipping, hassle-free returns, and personalized recommendations. The COVID-19 pandemic further accelerated the shift towards online shopping as consumers sought contactless alternatives. Retailers have responded by investing heavily in online platforms, enhancing user experiences, and adopting innovative technologies such as augmented reality for virtual shopping. Thus driving the Retail market revenue.


USA Retail Market Segment Insights:


USA Retail Type Insights


The USA Retail market segmentation, based on type, includes Motor Vehicle and parts Dealers, Food and beverage Stores, Gasoline Stations, Miscellaneous Store Retailers, Cosmetics and Personal Care Stores, Clothing and clothing Accessories Stores, Electronics and appliance Stores, Furniture & Home Furnishing Stores, Supermarkets & Hypermarkets, Convenience, Mom & Pop Stores, Department Stores & Other General Merchandise Stores, E-commerce & Other Non-Store Retailers, Building Material & Garden Equipment & Supplies Dealers, Pharmacies & Healthcare Stores, Sporting Goods, Hobby, Musical Instrument and Book Stores. The motor vehicle & parts dealers segment dominated the market mostly. This segment encompasses businesses selling automobiles, motorcycles, and related parts and accessories. It showcases a crucial role in the country's retail landscape, contributing significantly to economic growth. Analyzing this segment provides insights into broader economic trends and consumer behavior within the automotive retail sector.


USA Retail Ownership Insights


The USA Retail market segmentation, based on ownership, includes retail chain and independent retailer. The retail chain segment dominated the market. This ownership model facilitates centralized management, standardized operations, and enhanced brand recognition. Major retail chains operate across various sectors, contributing to the competitive landscape. The prevalence of retail chains underscores the importance of branding and operational efficiency in the dynamic and competitive US retail market.


Figure 1: USA Retail Market, by Ownership, 2022 & 2032 (USD Billion)


USA Retail Market, by Ownership, 2022 & 2032


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


USA Retail Distribution Channel Insights


The USA retail market segmentation, based on distribution channels, includes supermarkets and hypermarkets, convenience stores, department stores, specialty stores, and online stores. The supermarkets & hypermarkets category generated the most income. These large-scale retail outlets serve as major distribution channels, offering various products under one roof. These play a crucial role in providing convenience to consumers, enabling them to access diverse goods in a single location, thereby shaping the retail landscape in the United States.


USA Retail Country Insights


The US retail market is dynamic and expansive, reflecting the nation's diverse consumer preferences. Key players include Walmart, Amazon, and traditional department stores. The market is characterized by fierce competition, driving innovations in online shopping experiences, same-day deliveries, and personalized services. The pandemic accelerated the shift towards e-commerce, prompting retailers to prioritize digital strategies. Government policies and economic conditions also impact consumer spending. The USA retail market is resilient, leveraging technology to enhance customer experiences while navigating changing trends and economic landscapes. Dominated by brick-and-mortar stores and e-commerce giants, the retail landscape continually adapts to technological advancements.


USA Retail Key Market Players & Competitive Insights


Leading market players are investing majorly in research and development to spread their product lines, which will help the Retail market grow even more. The participants also undertake various strategic activities to spread their footprint with new market developments, including product launches, contractual agreements, mergers and acquisitions, major investments, and collaboration with different event organizations. To spread and live in a more competitive and changing market climate, the Retail industry must offer cost-effective items.


Major players in the Retail market are attempting to raise market demand by investing in research and development operations, including Walmart Inc., Sinopec Limited, Amazon.com Inc., Petro China Company Limited, CVS Health Corporation, Costco Wholesale Corp, The Kroger Co, McKesson Corporation, Walgreens Boots Alliance Inc., and JD.com Inc.


Key Companies in the USA Retail market include



  • Walmart Inc.

  • Sinopec Limited

  • com Inc.

  • Petro China Company Limited

  • CVS Health Corporation

  • Costco Wholesale Corp

  • The Kroger Co.

  • McKesson Corporation

  • Walgreens Boots Alliance Inc.

  • com Inc.


USA Retail Industry Developments


For instance, Best Buy is integrating its offline and online stores to bolster revenues. As a part of its strategy, the retailer utilizes physical stores as distribution centers for online purchases. Best Buy says 40% of its online shoppers prefer purchasing from physical stores.


USA Retail Market Segmentation


USA Retail Type Outlook



  • Motor Vehicle & Parts Dealers

  • Food & Beverage Stores

  • Gasoline Stations

  • Miscellaneous Store Retailers

  • Cosmetics & Personal Care Stores

  • Clothing & Clothing Accessories Stores

  • Electronics & Appliance Stores

  • Furniture & Home Furnishing Stores

  • Supermarkets & Hypermarkets

  • Convenience

  • Mom & Pop Stores

  • Department Stores & Other General Merchandise Stores

  • E-commerce & Other Non-Store Retailers

  • Building Material & Garden Equipment & Supplies Dealers

  • Pharmacies & Healthcare Stores

  • Sporting Goods

  • Hobby

  • Musical Instrument and Book Stores


USA Retail Ownership Outlook



  • Retail Chain

  • Independent Retailer


USA Retail Distribution Channel Outlook



  • Supermarkets & Hypermarkets

  • Convenience Stores

  • Department Stores

  • Specialty Stores

  • Online

  • Others

Report Attribute/Metric Details
Market Size 2022 USD 5125 Billion
Market Size 2023 USD 5253.6 Billion
Market Size 2032 USD 6401.0 Billion
Compound Annual Growth Rate (CAGR) 2.50% (2023-2032)
Base Year 2022
Market Forecast Period 2023-2032
Historical Data 2018- 2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Type, Ownership, Distribution Channel, and Region
Countries Covered USA
Key Companies Profiled Walmart Inc., Sinopec Limited, Amazon.com Inc., Petro China Company Limited, CVS Health Corporation, Costco Wholesale Corp, The Kroger Co., McKesson Corporation, Walgreens Boots Alliance Inc., and JD.com Inc.
Key Market Opportunities ·       Integration of various sales channels·       The rise of e-commerce and technological advancements
Key Market Dynamics ·       Changing consumer preferences·       Rising influence of seasonal factors and holiday trends


Frequently Asked Questions (FAQ) :

The USA Retail market size was valued at USD 5125 Billion in 2022.

The market is projected to grow at a CAGR of 2.50% during the forecast period, 2023-2032.

The key players in the market are Walmart Inc., Sinopec Limited, Amazon.com Inc., Petro China Company Limited, CVS Health Corporation, Costco Wholesale Corp, The Kroger Co., McKesson Corporation, Walgreens Boots Alliance Inc., and JD.com Inc.

The motor vehicle & parts dealers category dominated the market in 2022.

The retail chain category had the largest share of the market.

The supermarkets & hypermarkets category had the largest share of the market.

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