Boston, MA -- (SBWIRE) -- 01/09/2014 -- The Israeli retail sector is set to continue to grow over the next few years, with its growing and highly urbanised population, together with increasing levels of disposable income, resulting in a strong rise in household spending across all retail subsectors. We are particularly positive about the future growth prospects for areas such as personal, insurance & other, as well as communications; however, we expect the highest proportion of the household budget to be spent on housing & utilities throughout our forecast period, with food & drink spending also taking a substantial share.
The new Israeli retail report provides an extensive and comprehensive forecast of various retail indicators including household spending and headline total spending across each retail subsector, household income and employment forecasts, demographic forecasts and a detailed breakdown of household and per capita spending across a large number of retail areas including food & drink, clothing & footwear, household goods and a number of other subsectors.
View Full Report Details and Table of Contents
Owing to the country's wealth and well-established mass grocery retail (MGR) sector, the Israeli retail market has many characteristics of more developed European markets. The market share of traditional retail (open-air markets, small local grocers and independent supermarket chains) is being eroded as the presence and acceptance of modern retail formats grows. The non-food sector is growing at a faster rate than the food sector as the retail market matures, with the growing dominance of modern shopping centres a major influence. Chains, rather than independent retailers, are becoming increasingly dominant, particularly in malls.
In a country in which more than 28% of the population is in the 20-39 years age range, important for household spending on the retail sector, large shopping malls are attracting young consumers who aspire to the international brands that are increasingly becoming available. Many of the malls in Israel were designed and built by Canadian architect David Azrieli, including the Malha Mall in Jerusalem and the Azrieli Center in Tel Aviv, the largest mall in the city. Meanwhile, the 47-acre Ganei Sarona project in Tel Aviv, currently under construction, is a new complex for commerce, recreation and entertainment on the site of the 140-year-old Templer colony.
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Retailing research reports at Fast Market Research
You may also be interested in these related reports:
- Romania Retail Report Q1 2014
- Indonesia Retail Report Q1 2014
- China Retail Report Q1 2014
- Croatia Retail Report Q1 2014
- Malaysia Retail Report Q1 2014
- Chile Retail Report Q1 2014
- Bahrain Retail Report Q1 2014
- Egypt Retail Report Q1 2014
- Singapore Retail Report Q1 2014
- Slovenia Retail Report Q1 2014