Malaysia Convenience Store Market Has Huge Potential, According to New Report by RNCOS Recently Added at MarketPublishers.com19 May 2016 • by Natalie Aster
LONDON – Nowadays, the booming demand for quality goods and services in Malaysia spurs the tendency towards replacement of traditional unorganised retail outlets by modern retail outlets. During the past several years, penetration of modern grocery retail increased in the country. Improving operating efficiencies and stores network expansion continue to be an important issue in the domestic grocery retailers.
Convenience stores are popular due to their convenient locations, one-stop shopping, grab-and-go food service, variety of merchandise, fast transactions and extended operation hours. Followed by KK Super Mart, 99 Speed Mart and Tesco PLC, 7-Eleven is currently an absolute leader in the Malaysian convenience store market.
Today, the Malaysian convenience store market is gaining momentum at a fast pace, thus, opening a wide range of opportunities for market participants. Through 2020, the number of convenience stores in the country is predicted to grow at a 2.5% CAGR.
This new research study “Malaysia Convenience Store Market Outlook 2020” elaborated by RNCOS E-Services presents an up-close overview of the Malaysian convenience store market, includes a snapshot of the recent industry developments in both retail and convenience store sectors in Malaysia. Current and future possible trends are explored in the report along with an in-depth analysis of the competitive landscape and profiles of top companies. The report examines the major industry growth drivers and challenges, features the regulatory framework and also pinpoints top lucrative oportunities for the market players. Forecasts for the Malaysian convenience store market up to 2020 are at hand in this research study.
More new research studies by RNCOS are available at its page.