China, India and Indonesia will be one of the world's top ten retail consumptionmarket
Formation reason for this result is that, with the region's strong economic growth and the process of urbanization, the region is exploding with middle-class. It will drive booming retail market in the Asia-Pacific region.
Reports show that by 2020, Asia-Pacific region will increase by three times the numberof middle-class, breakthrough 525 million people to more than 1.7 billion people.
CBRE China business services Senior Director Chu Xiangyun said: "as the region's middle class population has grown, their growing spending power consumption extends from daily necessities to cars, clothes, fashion accessories and electronic products and other extras. ”
However, retailers will face the challenges of rising operating costs, rapid growth of e-commerce and the growing maturity of the consumer group.
In response, Chu Xiangyun indicate that retailers in Asia Pacific will combine location, retail facilities and a shopping center management maturity three parties, to choose the quality shops in the future . "Especially in the retailer to explore new markets, they preference to choose strategic location, an experienced owner-managed shopping center. ”
In addition, for the retailer types, CBRE expected 2015 Volkswagen brand will expand to the China India and other densely populated market, while luxury retailers will tend to pay attention to mature market in Japan, Singapore and Hongkong,light luxury brands will focus on including Japan and Korea, the mature market.
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