Market Forecast By Type (Retail, Wholesale), By Ownership (Retail Chain/Wholesale Chain, Independent Retailer/Independent Wholesalers), By Price Range (Premium, Mid-Range, Economy), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Department Stores, Specialty Stores) And Competitive Landscape
Product Code: ETC433368 | Publication Date: Dec 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Egypt Retail And Wholesale Market is amongst the emerging markets in the country and it will obtain more popularity during the forecast period. The industry has been propelling well in the industry and more success will come its way in the near future.
According to 6Wresearch, the Egypt Retail And Wholesale Market size is expected to grow during 2023-2029. The retail and wholesale industry comprised of a big number of businesses, which include hypermarkets, supermarkets, department stores, convenience stores, and more. These businesses provide important goods as well as services to consumers and businesses. ย This sector has been becoming one of the most prominent and emerging markets in the country and a number of growth factors are driving the growth of this sector in the nation.
The retail and wholesale industry in Egypt is highly competitive; thus, businesses should continuously strive to offer the best products, services at best prices to their consumers to stay ahead of the competition which is continuously rising. The businesses in this sector should continuously innovate to remain in the competition. They should know how to effectively manage their logistics and supply chains to deliver their services and products on time and at the affordable prices.
ย This sector in the country is rising at a rapid pace with the economic expansion and growth in purchasing power. This led to a growth in demand for services and goods, resulting in a requirement for warehouses and retail outlets. The government of the nation is investing in projects for infrastructure development which will give rise to this sector in the market. Inflation, rising cost for businesses running in this market and lack of security are some of the challenges for this sector. However, the market will soon overcome these challenges and the Egypt Retail And Wholesale Market share will continue to evolve.
The impact of COVID-19 pandemic was positive on the growth of this sector. The retail and wholesale industry comprised of a big number of businesses, which include hypermarkets, supermarkets, department stores, convenience stores, and more. These businesses provide important goods as well as services to consumers and businesses. Since this sector offers services and goods that are essential, its demand remained the same during the pandemic. This sector was operating when pandemic hit. Supermarkets and hypermarkets were operating on online mode. They were delivery essential goods to people at their homes. Every sector providing essential services operated when pandemic hit. Essential and services have always been on top priority; thus, this market evolved effectively during the pandemic. The sector will accomplish more growth in the forthcoming years since sectors like these have always been in demand. The demand for essential goods and services have always been there which stimulates the sector development.
Based on type, the Egypt Retail And Wholesale Industry is fragmented into Retail, and Wholesale. The wholesale segment is growing in the sector and it will continue evolving more in the near future.
Based on ownership, the Retail and Wholesale Market in Egypt is fragmented into Retail Chain/Wholesale Chain, and Independent Retailer/Independent Wholesalers. All these ownership segments are emerging in the market.
Based on price range, the sector in Egypt is fragmented into Premium, Mid-Range, and Economy. All these price range segments will account for the largest share in the market in the near future.
Based on distribution channel, the industry in the nation is fragmented into Supermarkets/Hypermarkets, Convenience Stores, Department Stores, and Specialty Stores. The supermarkets/hypermarkets segments are estimated to gain the largest share in the market.
The report offers a comprehensive study of the subsequent market segments: