United States (US) Retail Market Size by Sector and Channel Including Online Retail, Key Players and Forecast to 2027
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United States (US) Retail Market Report Overview
The US retail market size was $4,938 billion in 2022. The market is expected to grow at a CAGR of more than 2% during 2022-2027. The United States (US) retail market research report provides both historic and forecast market data for total retail sales in the US.
US Retail Market Outlook 2022 – 2027 ($ Billion)
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It illustrates the data with charts, graphs, and tables, summarizing the value trends, with individual sector details in overall retail. The databook also reveals major retailers in each sector and their market share along with their price and market positioning in 2022.
Market Size (2022) | $4,938 billion |
CAGR (2022-2027) | >2% |
Historical Period | 2017-2022 |
Forecast Period | 2023-2027 |
Key Sectors | · Food & Grocery
· Clothing & Footwear · Home · Electricals · Health & Beauty |
Key Distribution Channels | · Hypermarkets, Supermarkets & Hard Discounters
· Online · Home Improvement and Gardening Supplies Specialists · Drug Stores and Health & Beauty Stores · Value, discount, and variety stores and general merchandise retail · Convenience Stores (Including Independents) and Gas Stations · Clothing, Footwear, and Accessories Specialists |
Leading Retailers | · Target
· Walmart · Kroger · Amazon · Best Buy · Walgreens · CVS Pharmacy · Home Depot · Lowe’s |
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US Retail Market Segmentation by Sectors
The key sectors in the US retail market are food & grocery, clothing & footwear, home, electricals, health & beauty, among others. Food & grocery had the highest share of the US retail market in 2022. Health & beauty has the highest growth rate during the forecast period.
US Retail Market Analysis by Sectors, 2022 (%)
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US Retail Market Segmentation by Distribution Channels
Some of the key distribution channels in the US retail market are hypermarkets, supermarkets & hard discounters, online, home improvement and gardening supplies specialists, drug stores and health & beauty stores, value, discount, and variety stores and general merchandise retail, convenience stores (including independents) and gas stations, and clothing, footwear, and accessories specialists. Hypermarkets, supermarkets & hard discounters was the largest distribution channel in 2022.
US Retail Market Analysis by Distribution Channels, 2022 (%)
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US Retail Market - Competitive Landscape
Some of the leading retailers in the US retail market are Target, Walmart, Kroger, Amazon, Best Buy, Walgreens, CVS Pharmacy, Home Depot, and Lowe’s.
US Retail Market Analysis by Retailers, 2022
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Segments Covered in the Report
US Retail Market Sectors Outlook (Value, $ Billion, 2017-2027)
- Food & Grocery
- Clothing & Footwear
- Home
- Electricals
- Health & Beauty
US Retail Market Distribution Channels Outlook (Value, $ Billion, 2017-2027)
- Hypermarkets, Supermarkets & Hard Discounters
- Online
- Home Improvement and Gardening Supplies Specialists
- Drug Stores and Health & Beauty Stores
- Value, discount, and variety stores and general merchandise retail
- Convenience Stores (Including Independents) and Gas Stations
- Clothing, Footwear, and Accessories Specialists
Key Highlights
• Retail in US to grow at 2.8% CAGR over 2022-2027 driven by inflation and economic recovery
• Online electricals sales share of US is expected to reach 59.5% in 2027, the highest among all sectors
• Home sector sales to grow by $ 1.2bn by 2027
Reasons to Buy
- Gain a comprehensive view of the US retail industry and forecasts to 2027
- Explore new opportunities that will allow you to align your product offerings and strategies to meet demand following the impact of recent events on the retail market in the US
- Investigate current and forecast trends in the US retail sectors to identify the opportunities offering the most potential
- Understand who the main competitors are in the sectors and their price positioning
Kroger
Publix
Costco
Dollar General
Sam`s Club
Safeway
Target
7-Eleven
Table of Contents
Frequently asked questions
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What was the US retail market size in 2022?
The retail market size in the US was $4,938 billion in 2022.
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What is the US retail market growth rate?
The retail market in the US is expected to grow at a CAGR of more than 2% during 2022-2027.
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Which was the leading sector in the US retail market in 2022?
Food & grocery was the leading sector in the US retail market in 2022.
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Which was the leading distribution channel in the US retail market in 2022?
Hypermarkets, supermarkets & hard discounters was the leading distribution channel in the US retail market in 2022.
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Which are the leading retailers in the US retail market?
Some of the leading retailers in the US retail market are Target, Walmart, Kroger, Amazon, Best Buy, Walgreens, CVS Pharmacy, Home Depot, and Lowe’s.
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