“The Report Estimates that Consumer Spending Market will contribute 56.0% of the world GDP in 2019. Also, consumer expenditure will achieve constant terms worth US $48.7 trillion.”
Pune, India -- (SBWIRE) -- 03/24/2020 -- The study of the "Global Consumer Spending Market" provides the market size information and market trends along with the factors and parameters impacting it in both short and long term. The study ensures a 360° view, bringing out the complete key insights of the industry.
The Global Consumer Spending Market is a perennial market as the expenditure on goods like housing, clothing, groceries, automobiles, healthcare etc. will never seize.
Consumer spending, which is also termed as consumption expenditure, is defined as the purchase of goods and services by individuals or families belonging to the country or region. Consumer spending is measured at macroeconomic level and considered to be aggregate demand in terms of value and volume. Two major components of consumer spending or consummation expenditure include induced consumption and autonomous consumption. The induced consummation is affected by the level of income, while autonomous consummation is not affected by it.
US Consumer Spending Market Facts
Consumer spending market in U.S. alone was estimated to be at a rate of $14.24 trillion in the last fiscal year. Additionally, it is observed that consumer spending will make up for 68% of the U.S. economy, while two-third of consumer spending is on services. These services include housing, automobile and healthcare. The other one-quarter will likely to be spent on consumer goods including clothing and groceries. Strong consumer spending is considered as the key factor for high GDP growth rate. Recent trends in consumer spending include growing popularity of online shopping versus shopping in brick-and-mortar stores.
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Consumer Spending Market Opportunities in Developing Countries:
Strong economic growth in developing economies such as, India, China, and Brazil and lower unemployment rate in developed economies will likely to impact positively on the global economic and spending trends market over the forecast period. Additionally, consumer spending is estimated to be 56.0% of world GDP in 2019, which will fuel market growth as well. Consumer spending in fiscal year of 2019 will reach at US$48.7 trillion in constant terms, thus boosting growth of global economic and spending trends market across the globe.
Consumer Spending Industry Segmentation
The global consumer spending market is segmented on the basis of GPD, Trade, Government policies and Region. Based on GDP, the global consumer spending market is bifurcated into annual growth rate, constant prices, GDP from agriculture and among others. Considering the Trade, the global market is categorized into balance of trade, capital flow, and others. By Government, the global market is categorized into credit rating, fiscal expenditure, government budget, government debt, and others. Geographically, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. These regions are further segmented into key countries actively forming a major portion of the market under consideration.
The consumer spending market report also answers decisive questions like:
What is the vendor's profile?
How is the competitive landscape?
What are the outputs after SWOT analysis?
How will the government policies affect the consumer spending market?
Which shopping trend should the retailer use?
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Reasons to purchase this report:
Global consumer spending market report comprises an analysis of vendor's profile, which includes financial status, business units, key business priorities, SWOT, business strategies, and views.
The global consumer spending market has been forecasted for a period of 2019 to 2024 with 2018 being the base year for the calculations and 2014 to 2017 being historic data years.
Global consumer spending market report covers the competitive landscape, which includes M&A's, joint ventures & collaborations, and competitor comparison analysis.
The report analyses the consumer spending market from a 360-degree perspective.
Major Point of TOC:
Chapter 1. Executive Summary
Chapter 2. Market Introduction
Chapter 3. Global Consumer Spending Market – Analysis and Revenue Forecast 2018-2024 – Key Industry Dynamics
Chapter 4. Global Consumer Spending Market Market – Analysis and Revenue Forecast 2018-2024
Chapter 5. Global Consumer Spending Market Market – Analysis and Revenue Forecast 2018-2024 – By GDP
Chapter 6. Global Consumer Spending Market– Analysis and Revenue Forecast 2018-2024 – By Trade
Chapter 7. Global Consumer Spending Market– Analysis and Revenue Forecast 2018-2024 – By Government
Chapter 8. Global Consumer Spending Market – Analysis and Revenue Forecast 2018-2024 – By Region
Chapter 9. North America Consumer Spending Market– Analysis and Revenue Forecast 2018-2024
Chapter 10. Europe Consumer Spending Market – Analysis and Revenue Forecast 2018-2024
Chapter 11. Asia-Pacific Consumer Spending Market– Analysis and Revenue Forecast 2018-2024
Chapter 12. Latin America Market – Analysis and Revenue Forecast 2018-2024
Chapter 13. Middle East & Africa Consumer Spending Market – Analysis and Revenue Forecast 2018-2024
Chapter 14. Competitive Analysis
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