The Coresight Research Market Sizes Databank offers an overview of key retail market or sector sizes, including our projections for future years. The Databank covers the following sectors: Global retail sales: 10 major markets by retail sales Total US retail sales and online retail sales US apparel, footwear and accessories, including e-commerce data US grocery, including e-commerce data US department stores, including e-commerce data Further US retail sectors: convenience stores, drugstores and pharmacies, home-improvement retailers, mass merchandisers, warehouse clubs and discount stores, and consumer packaged goods Personal luxury goods—global and by major region Retail media market sizes for the US and the UK Technology market sizes—selected retail-tech segments, global and US Global Retail Markets: Major Countries by Retail Sales We quantify 10 major national retail markets, as measured by total annual retail sales, and provide our projections for retail sales through 2028. We focus on core retail, which excludes automobiles and gasoline/automotive fuel, wherever possible; however, these exclusions are not available for all countries. Countries are ranked by 2023 sales. Total Retail Sales (USD Bil. at Constant 2023 Exchange Rates) and YoY % Change wdt_ID 2019 2020 2021 2022 2023 2024E 2025E 2026E 2027E 2028E Definitions and Notes 1 US 3,649 3,937 4,472 4,826 4,995 5,274 5,548 5,820 6,088 6,338 Ex automobiles and ex gasoline/automotive fuel; ex sales tax 2 YoY % Change 3.5% 7.9% 13.6% 7.9% 3.5% 5.6% 5.2% 4.9% 4.6% 4.1% 3 US incl. Autos 5,397 5,572 6,523 7,095 7,241 7,589 7,960 8,326 8,693 9,041 Incl. automobiles and incl. gasoline/automotive fuel; ex sales tax. Provided as an alternative measure to aid direct comparison with other major markets such as China, where automobiles are included 4 YoY % Change 2.8% 3.3% 17.1% 8.8% 2.1% 4.8% 4.9% 4.6% 4.4% 4.0% 5 China 5,158 4,982 5,583 5,594 5,917 6,195 6,467 6,725 6,988 7,253 Incl. automobiles and incl. gasoline 6 YoY % Change 7.9% -3.4% 12.1% 0.2% 5.8% 4.7% 4.4% 4.0% 3.9% 3.8% 7 Japan 1,032 1,042 1,071 1,099 1,160 1,202 1,227 1,253 1,279 1,305 Incl. automobiles and incl. gasoline/automotive fuel 8 YoY % Change 0.1% 1.0% 2.7% 2.6% 5.6% 3.6% 2.1% 2.1% 2.1% 2.0% 9 India 617 637 731 812 867 923 985 1,048 1,110 1,172 Consumer spending on retail categories: food, apparel, furniture, household items, and recreation and culture. Data are for fiscal years (ended March 31), matched to closest calendar years. 10 YoY % Change 9.1% 3.2% 14.6% 11.1% 6.8% 6.5% 6.7% 6.3% 5.9% 5.6% 11 Germany 628 671 688 739 758 771 790 810 831 850 Ex automobiles and ex gasoline/automotive fuel 12 YoY % Change 2.8% 6.9% 2.5% 7.3% 2.7% 1.6% 2.4% 2.6% 2.5% 2.3% 13 France 514 508 560 605 634 649 670 691 712 731 Ex automobiles and ex gasoline/automotive fuel; ex sales tax 14 YoY % Change 3.3% -1.0% 10.2% 8.0% 4.8% 2.3% 3.2% 3.2% 3.0% 2.6% 15 UK 490 493 524 547 574 600 626 651 674 697 Ex automobiles and ex gasoline/automotive fuel 16 YoY % Change 3.4% 0.7% 6.2% 4.4% 5.1% 4.5% 4.2% 4.0% 3.6% 3.4% 17 Russia 398 401 467 504 561 650 692 735 772 812 Incl. automobiles and incl. gasoline/automotive fuel 18 YoY % Change 6.5% 0.7% 16.5% 7.9% 11.3% 16.0% 6.5% 6.1% 5.1% 5.1% 19 Brazil 383 406 463 528 550 577 603 630 658 687 Ex automobiles and incl. gasoline/automotive fuel; ex sales tax 20 YoY % Change 5.0% 6.0% 13.9% 14.1% 4.1% 4.9% 4.5% 4.4% 4.5% 4.4% 21 Canada 300 314 338 363 372 380 390 402 414 426 Ex automobiles and ex gasoline/automotive fuel; ex sales tax 22 YoY % Change 2.6% 4.7% 7.6% 7.3% 2.5% 2.1% 2.9% 2.9% 2.9% 3.0% All data exclude foodservice businesses. Data include sales taxes unless otherwise stated. Conversions to USD are at fixed (2023 average) exchange rates to remove the impact of FX rates on % changes. Data as of April 19, 2024. Source: National statistics offices/Coresight Research Total US Retail Sales and Online Retail Sales (USD Bil. and YoY % Change) Total US retail sales includes all retail trade excluding gasoline and automobiles. wdt_ID Category 2017 2018 2019 2020 2021 2022 2023 2024E 2025E 2026E 2027E 1 Total Retail Sales (USD Bil.) $3,378 $3,526 $3,649 $3,937 $4,472 $4,826 $4,995 $5,274 $5,548 $5,820 $6,088 2 YoY % Change 3.6% 4.4% 3.5% 7.9% 13.6% 7.9% 3.5% 5.6% 5.2% 4.9% 4.6% 3 Online Retail Sales (USD Bil.) $410 $471 $532 $772 $899 $979 $1,061 $1,161 $1,260 $1,355 $1,449 4 YoY % Change 16.3% 14.8% 12.8% 45.3% 16.5% 8.8% 8.4% 9.4% 8.5% 7.6% 6.9% 5 E-Commerce Penetration (Online Retail Sales as % of Total Retail Sales) 12.1% 13.4% 14.6% 19.6% 20.1% 20.3% 21.2% 22.0% 22.7% 23.3% 23.8% Data exclude sales taxes; ex. gasoline and automobiles; data as of Feb 21, 2024 Source: US Census Bureau/Coresight Research US Consumer Spending on Apparel, Footwear and Accessories (USD Bil. and YoY % Change) wdt_ID Category 2017 2018 2019 2020 2021 2022 2023E 2024E 2025E 2026E 1 Total Apparel, Footwear and Accessories Spending (USD Bil.) $375.8 $386.5 $393.0 $353.3 $455.7 $485.7 $476.2 $486.7 $498.1 $510.4 2 YoY % Change 1.2% 2.8% 1.7% -10.1% 29.0% 6.6% -2.0% 2.2% 2.3% 2.5% 3 Online Apparel, Footwear and Accessories Spending (USD Bil.) $70.7 $83.7 $95.5 $119.4 $143.3 $156.5 $155.8 $164.1 $175.4 $190.0 4 YoY % Change 22.1% 18.4% 14.1% 25.0% 20.0% 9.2% -0.4% 5.3% 6.9% 8.3% 5 E-Commerce Penetration (Online Apparel, Footwear and Accessories Spending as % of Total Apparel, Footwear and Accessories Spending) 18.8% 21.7% 24.3% 33.8% 31.4% 32.2% 32.7% 33.7% 35.2% 37.2% Data include sales taxes Source: US Bureau of Economic Analysis/Coresight Research Data as of March 15, 2023 US Grocery Market Sales (USD Bil. and YoY % Change) Total grocery market sales include retail sales from stores classified under “Grocery Stores” by the US Census Bureau and grocery sales of select major retailers in the mass merchandiser, warehouse club and discount-store sectors. wdt_ID Category 2017 2018 2019 2020 2021 2022E 2023E 2024E 2025E 2026E 2027E 1 Total Grocery Sales (USD Bil.) $1,045 $1,083 $1,124 $1,248 $1,301 $1,421 $1,500 $1,563 $1,624 $1,679 $1,735 2 YoY % Change 3.3% 3.6% 3.8% 11.0% 4.2% 9.2% 5.6% 4.2% 3.9% 3.4% 3.3% 3 Online Food & Beverage Sales (USD Bil.) $14.7 $20.9 $29.3 $56.9 $67.1 $78.2 $90.0 $101.5 $115.3 $127.7 $140.1 4 YoY % Change 11.7% 42.2% 40.2% 94.2% 17.9% 16.5% 15.1% 12.8% 13.6% 10.8% 9.7% 5 Food & Beverage Retail Spending (USD Bil .)* $722 $743 $767 $840 $870 $937 $995 $1,055 $1,117 $1,177 $1,238 6 E-Commerce Penetration (Online Food & Beverage Sales as % of Total Food & Beverage Retail Spending) 1.5% 2.1% 2.8% 5.1% 5.6% 6.1% 6.7% 7.3% 8.0% 8.6% 9.1% *Consumer spending on food and beverages through all retail channels Data exclude sales taxes Source: IRI E-Market Insights™/US Census Bureau/US Bureau of Economic Analysis/Coresight Research Data as of June 15, 2023 US Department Store Sales (USD Bil. and YoY % Change) Sector size represents traditional, full-range department stores, excluding off-price retailers but including off-price segment sales of department store retailers (e.g., Nordstrom Rack, Macy’s Backstage). wdt_ID Category 2017 2018 2019 2020 2021 2022 2023E 2024E 2025E 2026E 2027E 1 Department Store Sales (USD Bil.) $108.3 $103.1 $96.1 $63.9 $85.7 $87.0 $81.7 $81.5 $80.9 $80.5 $81.3 2 YoY % Growth -2.3% -4.8% -6.8% -33.5% 34.1% 1.5% -6.1% -0.2% -0.7% -0.5% 1.0% 3 Online Department Store Sales (USD Bil.) $22.6 $24.1 $25.0 $28.1 $28.7 $27.9 $26.0 $25.2 $26.0 $26.9 $28.0 4 YoY % Growth 14.6% 6.6% 3.5% 12.5% 2.1% -2.7% -0.4% -3.1% 3.2% 3.5% 4.3% 5 E-Commerce Penetration (Online Department Store Sales as % of Total Department Store Sales) 20.9% 23.4% 26.0% 44.0% 33.5% 32.1% 31.8% 30.9% 32.1% 33.4% 34.5% Data exclude sales taxes; data as of October 18, 2023 Source: Company reports/Coresight Research Further US Retail Sector Sales wdt_ID Category 2019 2020 2021 2022 2023 2024E 2025E 2026E 2027E 2028E Sector Report Links 1 US Convenience Stores (USD Bil.)* $160.1 $167.0 $176.3 $182.1 $191.2 $200.6 $208.3 $216.8 $225.4 $235.6 Report 2 YoY % Change 4.4% 4.3% 5.6% 3.3% 5.0% 4.9% 3.8% 4.1% 3.9% 4.5% 3 US Drugstores and Pharmacies (USD Bil.)** $284.7 $304.7 $324.6 $332.6 $357.0 $373.8 $390.6 $405.4 $422.1 $439.8 Report 4 YoY % Change 1.7% 7.0% 6.6% 2.5% 7.3% 4.7% 4.5% 3.8% 4.1% 4.2% 5 US Home-Improvement Retailers (USD Bil.) $372.4 $421.0 $480.9 $514.5 $500.1 $506.6 $533.7 $560.9 $588.0 $615.2 Report 6 YoY % Change 1.5% 13.1% 14.2% 7.0% -2.8% 1.3% 5.4% 5.1% 4.8% 4.6% 7 US Mass Merchandisers, Warehouse Clubs and Discount Stores Sector Size (USD Bil.)*** $661.8 $729.1 $792.5 $864.4 $887.9 $904.6 $942.9 $984.0 $1,026.7 $1,067.8 Report 8 YoY % Change 3.7% 10.2% 8.7% 9.1% 2.7% 1.9% 4.2% 4.4% 4.3% 4.0% 9 US Consumer Packaged Goods (USD Bil.)**** $946.0 $1,104.9 $1,162.1 $1,269.7 $1,337.0 $1,402.5 $1,467.1 $1,530.1 $1,592.9 $1,656.6 Report 10 YoY % Change 4.1% 16.8% 5.2% 9.3% 5.3% 4.9% 4.6% 4.3% 4.1% 4.0% *Excludes fuel, foodservice and online sales **Sector size reflects sales from businesses where the primary activity is drugstore or pharmacy retailing; as such, it excludes sales from pharmacies operated by non-specialized retailers, such as mass merchandisers and food and grocery retailers ***Mass merchandisers are Target and Walmart US; warehouse clubs are BJ’s Wholesale Club, Costco US and Sam’s Club; discount stores are Big Lots, Dollar General, Dollar Tree (including Family Dollar), Five Below and Ollie’s Bargain Outlet ****Market size includes total e-commerce and store-based CPG sales by retailers in the grocery, convenience store, drugstore, mass merchandiser, warehouse club and dollar store sectors Source: Circana/US Census Bureau/company reports/Coresight Research Global Personal Luxury Goods Sales (USD Bil. and YoY % Change) The personal luxury goods market size includes apparel, accessories, beauty, footwear, jewelry and watches, and excludes experiential luxury categories, such as art, hospitality, travel, vehicles and wines and spirits, as well as the secondhand luxury market. wdt_ID Category 2018 2019 2020 2021 2022 2023E 2024E 2025E 2026E 2027E 86 Global $292.0 $311.8 $273.7 $341.7 $380.4 $406.8 $431.7 $456.0 $479.2 $501.3 93 YoY Change % 5.9% 6.8% -12.2% 24.8% 11.3% 6.9% 6.1% 5.6% 5.1% 4.6% 100 China $30.1 $38.9 $50.4 $68.3 $63.6 $73.1 $83.5 $94.9 $106.7 $119.3 107 YoY Change 33.1% 29.6% 29.2% 35.6% -6.9% 15.0% 14.1% 13.7% 12.5% 11.8% 114 Asia (ex. China) $64.0 $86.7 $61.9 $72.2 $81.3 $85.7 $89.1 $92.2 $95.1 $97.9 121 YoY Change 7.5% 35.4% -28.6% 16.6% 12.5% 5.5% 4.0% 3.4% 3.2% 3.0% 128 US $79.4 $83.6 $68.6 $84.0 $99.7 $104.7 $109.4 $113.7 $117.4 $120.3 135 YoY Change 4.8% 5.3% -18.0% 22.5% 18.7% 5.0% 4.5% 3.9% 3.2% 2.5% 142 Europe $92.6 $89.5 $73.7 $84.4 $99.2 $103.7 $107.6 $111.2 $114.4 $117.1 149 YoY Change 5.0% -3.3% -17.6% 14.5% 17.5% 4.5% 3.8% 3.3% 2.9% 2.4% 156 ROW $25.9 $13.0 $19.1 $32.6 $36.6 $39.6 $42.1 $44.1 $45.6 $46.5 163 YoY Change -12.0% -49.7% 46.8% 70.2% 12.5% 8.0% 6.3% 4.8% 3.5% 2.0% Data exclude sales taxes Source: Company reports/Coresight Research Data as of May 1, 2023 Retail Media Market Sizes wdt_ID Category 2022 2023 2024E 2025E 2026E 2027E 2028E 1 US Retail Media Market Size 2 USD Bil. 37.0 46.3 56.5 67.8 79.9 92.9 106.4 3 YoY % Change 22.7% 25.1% 22.0% 20.0% 17.9% 16.2% 14.5% 4 UK Retail Media Market Size 5 GBP Bil. 2.6 3.3 4 4.7 5.5 6.3 7.3 6 YoY % Change 27.5% 24.1% 22.4% 18.6% 15.9% 15.4% 14.7% 7 USD Bil. at Constant Jan 2024 Exchange Rates 3.3 4.1 5.1 6.0 6.9 8.0 9.2 8 YoY % Change 27.5% 24.1% 22.4% 18.6% 15.9% 15.4% 14.7% Market size as of March 2024. Defined as total sales of advertising space across both digital (e.g., website, app, social) and physical (in-store) locations through a retail media network to target potential audiences curated based on retailer-owned and synthesised data. Source: Coresight Research Technology Market Sizes wdt_ID Category 2019 2020 2021 2022 2023 2024E 2025E 2026E 2027E 2028E CAGR, 2023-28E Report Link 1 Global Cloud Computing (USD Bil.) 247.8 315.3 390.7 474.7 559.2 602.3 663.7 736 813.7 893 9.8 N/A 2 Global Drone Hardware and Software (Commercial and Consumer) (USD Bil.) N/A N/A N/A 26.8 30.9 35.6 40.8 46.6 53.2 60.5 14.4 N/A 3 Global Generative AI (USD Bil.) N/A N/A N/A 1.8 5.7 19.2 36.9 59.7 74.8 87.9 72.8 Report 4 Global In-Store Labor Productivity Technology (USD Bil.) 31.3 31.9 32.2 36.2 40.2 43.7 47.7 52 56.7 61.6 8.9 N/A 5 Global Industrial Robotics (USD Bil.) 23.5 23.6 31 37.2 44.7 52.3 61.2 70.3 78.8 86.6 14.2 Report 6 Global Price Optimization Software (USD Bil.) N/A 0.86 1.01 1.19 1.39 1.62 1.9 2.21 2.57 2.98 16.5 N/A 7 Global Retail Revenues Generated by AI 3 3.8 5.2 7 8.5 11 14.3 18.5 23.3 31.2 29.7 Report 8 Global Web3 Service Providers (USD Bil.) 0.7 1.4 2.8 9.5 14.6 20 25.2 33.1 42.6 52.3 29.1 Report 9 Global Workforce Management Software (USD Bil.) 27.9 80.6 43.1 47.1 53.1 58.1 63.7 70.3 77.2 83.7 9.5 Report 10 US Checkout and Payment Technology (USD Bil.) 11.7 14.8 16.5 20.3 22.6 25.3 28.3 31.5 35 38.5 11.2 Report 11 US Green Sustainable Technology (USD Bil.) 0.16 0.17 0.18 0.22 0.28 0.32 0.37 0.43 0.49 0.56 14.9 Report 12 US Logistics Technology (USD Bil.) 82.3 89.8 89.7 119.9 133.6 145 166.5 186 210.6 234 11.9 N/A 13 US Mobile Payments (Based on Providers' Revenues) (USD Bil.) 1.2 2.3 3.4 3.8 4.1 4.6 5.3 6.2 7.1 8.1 14.6 N/A 14 US Predictive Analytics Solutions Providers (USD Bil.) 10.4 11.1 14.3 18 24.4 29 34.7 41.4 49.5 58.3 19.1 Report 15 US Retail Hardware (USD Bil.) 50.9 52.1 49.7 54.9 56.4 59.1 61.5 64.2 66.9 69.6 4.3 N/A Data as of March 2024 except where indicated in linked reports. 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