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.
Get Sample Copy of TAIWAN RETAIL SECTOR – GROWTH, TRENDS AND FORECAST (2019 – 2024) Market Report @ https://www.industryresearch.co/enquiry/request-sample/13999615
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:
Ask for Discount at https://www.industryresearch.co/enquiry/request-discount/13999615
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
– 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)
Purchase TAIWAN RETAIL SECTOR – GROWTH, TRENDS AND FORECAST (2019 – 2024) Market Report @ https://www.industryresearch.co/purchase/13999615
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
2 SCOPE OF STUDY
3 MARKET INSIGHTS
3.1 Market Overview
3.2 Customer Behavior Analysis
3.3 Industry Attractiveness – Porter’s Five Forces Analysis
4 MARKET DYNAMICS
4.4 Industry Value Chain Analysis
5 TECHNOLOGY SNAPSHOT
6 MARKET SEGMENTATION
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 INSIGHTS ON DISTRIBUTION CHANNELS IN RETAIL TRADE
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 COMPANY PROFILES
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
8.10 RT – Mart
9 INVESTMENT ANALYSIS ON THE TAIWAN RETAIL SECTOR
10 FUTURE OF THE TAIWAN RETAIL SECTOR
About Industry Research:
Industry Research is an upscale platform to help key personnel in the business world in strategizing and taking visionary decisions based on facts and figures derived from in-depth market research. We are one of the top report resellers in the market, dedicated to bringing you an ingenious concoction of data parameters.
Name: Ajay More
Organization: Industry Research
Phone: +44 20 3239 8187 / +14242530807
Email: [email protected]