Summary The Thai retail market recorded a CAGR of 3.2 % over the past five years despite economy slowdown and political instability . It is expected to grow at a CAGR of 3.7 % in 2015-2020 driven by increasing consumer spending , rising tourism , and a growing middle-income population . In addition , the Thai government has included boosting consumer spending among its main economic policies will support the growth retail market in the country .
On the other hand , growing internet and smartphone penetration coupled with high interests among the youngsters to shop online is expected to fuel the retail sales through online channel . Rising international tourist arrivals will ensure a good platform for duty free operators . To capitalize on this opportunity duty free retailers are opening downtown duty free stores across popular tourist destinations such as Bangkok and Phuket .
Synopsis Retailing in Thailand- Market Summary and Forecasts , 2015-2020 provides data for historic and forecast retail sales , and also includes information on the business environment and country risk related to Thailand retail environment . In addition , it analyzes the key consumer trends influencing Thailand retail industry .
The report also offers : - In-depth analysis of the latest trends in consumer shopping , covering the factors driving shopping , consumer insights , market dynamics ( covering 26 product categories ), and reviews of the latest best practice in online retail site design
- Market insights based on consumer trends , changing economic and demographic factors , technology innovations , and other macroeconomic factors
- Retail sales and fastest-growing product categories including Clothing , Footwear , Books , News and Stationery , Electrical and Electronics , Food and Grocery , Health and Beauty , Furniture and Floor Coverings , Home and Garden Products , Music , Video and Entertainment Software , Sports and Leisure Equipment , Jewelry , Watches and Accessories , and Luggage and Leather Goods
- Qualitative and quantitative insights of changing retail dynamics across various channels
Key Findings - Thailand ' s silver shoppers creating new opportunities for retailers