2019-2024 TAIWAN RETAIL SECTOR – GROWTH, TRENDS AND FORECAST (2019 – 2024) Market Comprehensive Outlook by Leading Players, Development Status, Source of Power, Estimated CAGR, and Forecast


The primary goal of this Global TAIWAN RETAIL SECTOR – GROWTH, TRENDS AND FORECAST (2019 – 2024) Market report is to maintain the record of Unusual growth strategies adopted by various companies are creating new standards for competition in the global TAIWAN RETAIL SECTOR – GROWTH, TRENDS AND FORECAST (2019 – 2024) market. Businesses around the world are aiming at increasing their profit margin and establishing a stronghold in the global market. The impact of prevailing regulatory scenario on both regional and worldwide TAIWAN RETAIL SECTOR – GROWTH, TRENDS AND FORECAST (2019 – 2024) market is provided in detail in the report.

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Key Market Trends:

Consumer Confidence to Strengthen on Minimum Wage Hike

Consumer confidence in Taiwan is expected to strengthen on recent pay increase. Taiwanese consumers are likely to increase their consumption after the monthly minimum wage in the territory was raised by 4.7% to NTD 22,000 from the previous NTD 21,009, and public sector employees were awarded a 3% pay rise, both effective from 1 January 2018.
Improved consumer confidence and higher income levels are expected to have a positive impact on the retail market, especially the F&B sector.
With changing lifestyle and family structure resulting in the growing prevalence of one-person household, more Taiwanese, especially young adults living in urban cities like Taipei, prefer eating out for convenience and for the variety of cuisine on offer.
Currently, the number of eateries on the island is growing at an average of 3% to 6% each year to over 120,000, according to Channel News Asia.
In 2017, total revenue of the catering sector in Taiwan topped NTD 452.3 billion, smashing the record high of NTD 439.4 billion in 2016.
The average Taiwanese consumer prefers to dine out, while dining-in is most commonly carried out by older people or young families co-habiting with their parents. There is a tide of fashionable, urban, singles, couples, and young families turning that notion around, viewing cooking as a recreational activity.

High Growth of Apparel and Footwear Industry

The apparel market is expected to grow annually by 3.5% by 2024.
The apparel retail market includes baby clothing, formalwear, formalwear-occasion, toddler clothing, casual wear, essentials, and outerwear for men, women, boys and girls; the market excludes sports-specific clothing.
The children’s wear segment was the industry’s most lucrative segment in 2018, holding 45.1% share of the apparel market.
Fast fashion has also proven to be a lucrative sector in the industry, particularly for millennial customers.
Fast fashion brand H&M opened its first store in 2015, and now has a total of 12 outlets across the country. The industry is now highly aware of the power of combining design with aesthetic and cultural creativity. Encouraged and supported by government policy, the industry is actively integrating creativity, innovation, and cultural heritage into design to create unique and refined products. Crossover collaboration is also a new direction to augment market coverage.

TAIWAN RETAIL SECTOR – GROWTH, TRENDS AND FORECAST (2019 – 2024) Market Covers Key Players:

  • President Chain Store Corp.
  • Taiwan FamilyMart Co., Ltd.
  • Mercuries & Associates Holding Ltd.
  • Far Eastern Group
  • POYA International Co., Ltd.
  • The Eslite Corporation
  • Sogo Department Stores Co. Ltd.
  • Kayee International Group Co., Ltd
  • Carrefour
  • RT
  • Mart

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    Geographical Landscape:

    This Report Focuses on the TAIWAN RETAIL SECTOR – GROWTH, TRENDS AND FORECAST (2019 – 2024) in the Global market, especially in North America, China, Europe, Japan, Southeast Asia, India. This report categorizes the market based on manufacturers, regions, type, and application

    Market Overview:

  • Retail sales in Taiwan increased by 1.95% year-on-year in December of 2018, much higher than an upwardly revised 0.6% gain in November. The market is segmented by product category, distribution channel, and market dynamics.
  • Demographics are playing a major role in determining shopping preferences, with many older Taiwanese consumers buying their meat, fish, fruits, and vegetables at specialist markets.
  • In response, some supermarkets are trying to attract this consumer group by recreating the look of a more traditional market within their stores; they have achieved some success, particularly in urban areas.
  • The Taiwanese consumer shops for food at least twice a week, and sometimes, daily. However, those who favor shopping at supermarkets and hypermarkets tend to do one big grocery shopping per week.
  • Top-up food shopping occurs on a daily basis in Taiwan, and is carried out mostly in convenience stores.

    Report Highlights:

    – The report provides a detailed analysis on current and future market trends to identify the investment opportunities

    – Market forecasts till 2024, using estimated market values as the base numbers

    – Key market trends across the business segments, Regions and Countries

    – Key developments and strategies observed in the market

    – Market Dynamics such as Drivers, Restraints, Opportunities and other trends

    – In-depth company profiles of key players and upcoming prominent players

    – Growth prospects among the emerging nations through 2024

    – TAIWAN RETAIL SECTOR – GROWTH, TRENDS AND FORECAST (2019 – 2024) Market opportunities and recommendations for new investments

    Price Of Report: $ 3250 (SUL)

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    Detailed TOC of TAIWAN RETAIL SECTOR – GROWTH, TRENDS AND FORECAST (2019 – 2024) Market Research Report 2019 – 2024:

    1.1 Key Deliverables of the Study
    1.2 Study Assumptions
    1.3 Research Methodology


    3.1 Market Overview
    3.2 Customer Behavior Analysis
    3.3 Industry Attractiveness – Porter’s Five Forces Analysis

    4.1 Drivers
    4.2 Restraints
    4.3 Opportunities
    4.4 Industry Value Chain Analysis


    6.1 Food, Beverage, and Tobacco Products
    6.2 Personal Care and Household
    6.3 Apparel, Footwear, and Accessories
    6.4 Furniture, Toys, and Hobby
    6.5 Industrial and Automotive
    6.6 Electronic and Household Appliances
    6.7 Pharmaceuticals, Luxury Goods, and Other Products

    7.1 Hypermarkets, Supermarkets, and Convenience Stores
    7.2 Speciality Stores
    7.3 Department Stores
    7.4 E- commerce
    7.5 Other Distribution Channels

    8.1 President Chain Store Corp.
    8.2 Taiwan FamilyMart Co., Ltd.
    8.3 Mercuries & Associates Holding Ltd.
    8.4 Far Eastern Group
    8.5 POYA International Co., Ltd.
    8.6 The Eslite Corporation
    8.7 Sogo Department Stores Co. Ltd.
    8.8 Kayee International Group Co., Ltd
    8.9 Carrefour
    8.10 RT – Mart



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