Noida, India (PressExposure) July 12, 2011 -- According to our new research report "Asian Convenience Store Market Forecast to 2012", the Asian convenience store industry has been growing at the fast pace for the past few years. Countries, such as South Korea, Taiwan, China, Malaysia, India, among others are witnessing an impressive growth in the sales patterns at convenience stores. The share of traditional retail outlets in Asian countries is on a decline and the modern self service stores are replacing them. Strong expansion of middle class, increasing investment in new store formats, changing life-style patterns, are some of the prominent factors leading to a stupendous growth in the Asian convenience store market.
Further, Taiwan convenience retail store sector has experienced a huge growth in terms of new and innovative technological upgradation and service portfolio. In 2009, convenience stores accounted for around 31.7% of the total number of grocery outlets and the same proportion for supermarkets and hypermarkets was 6.3% and 3.9%, respectively. Backed by factors, such as rising consumer expenditure, liberal government policies for investment, and wide acceptance of modern retail shopping, the number of convenience stores is estimated to grow at a good pace.
The report "Asian Convenience Store Market Forecast to 2012" effectively analyzes the developments in the convenience store sector in key Asian countries. The report covers countries, such as India, China, Taiwan, Hong Kong, South Korea, Malaysia, Philippines, Singapore, Thailand, Vietnam, Japan and Indonesia. The report provides almost all the key statistics and data related to convenience store sector in each of the countries. Key activities of market players have also been summarized in each country's section. Besides, the report investigates the current market trends prevailing and analyzes their impact on the sector performance.
The report is an outcome of an in-depth research and objective analysis of the Asian convenience store sector that relies on reliable statistics and effective presentation. The forecasting model for the key areas makes use of proper base and suitable methods and techniques so that the future outlook may look more realistic. Overall, the report is likely to serve as a prominent tool for clients, who want to get acquainted with convenience store sector in Asia.
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