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

USA Retail Market Overview

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

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

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.

Retail Market Segment Insights:

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.

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)

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

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.

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.

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 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.

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.

Retail Market Segmentation

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

Retail Ownership Outlook

• Retail Chain


• Independent Retailer

Retail Distribution Channel Outlook

• Supermarkets & Hypermarkets


• Convenience Stores


• Department Stores


• Specialty Stores


• Online


• Others