PROSPECTS AND OPPORTUNITIES
Forecourt retailers will continue to benefit from their unrestricted opening hours
Changes to the highly restricted store opening hours for general retail in Austria could present significant growth potential for the convenience store sector. However, this is not expected to materialise during the forecast period.
Nah & Frisch stores will respond to challenges by integrating self-service machines
Nah & Frisch stores primarily serve rural areas, where the store is often the only available shopping option. Despite this, the player's profit margins remain a challenge, and labour is scarce in these regions.
It is unlikely that 7-Eleven will enter the market across the forecast period
7-Eleven has ambitious expansion plans for the forecast period, aiming to open up to 100,000 new stores across Europe, Latin America, the Middle East, and Africa by 2030. However, the establishment of a branch network in Austria would be hindered by the country’s restricted retail opening hours.
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Overview:
Understand the latest market trends and future growth opportunities for the Convenience Retailers industry in Austria with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Convenience Retailers industry in Austria, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Convenience Retailers in Austria report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Convenience Retailers in Austria?
- Which are the leading retailers in Convenience Retailers in Austria?
- How is the rise of e-commerce and the expansion of modern grocery retail impacting traditional retail?
- How has the impact of COVID-19 and national lockdown impacted consumer demand?
- Which formats have benefited the most from stockpiling and enforced home seclusion?
- How will the wider economic impact of COVID-19 shape the retail landscape in the future?
- Where is future growth expected to be most dynamic?
Convenience Retailers in Austria - Category analysis
KEY DATA FINDINGS
Convenience store that offer longer opening hours support retail value growth in 2024
Rewe International AG improves its presence with Billa stores at forecourt retailers
Grocery retail giants experiment with new retailing formats in Vienna
Forecourt retailers will continue to benefit from their unrestricted opening hours
Nah & Frisch stores will respond to challenges by integrating self-service machines
It is unlikely that 7-Eleven will enter the market across the forecast period
Retail in Austria - Industry Overview
Retail in 2024: The big picture
A noticeable increase in bankruptcies and store closures in 2024
Automation rises as retailers look for labour-saving solutions to remain competitive
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas
Back to School
DISCLAIMER
The following categories and subcategories are included:
Convenience Retailers
- Convenience Stores
- Forecourt Retailers
Convenience Retailers
The aggregation of convenience stores and forecourt retailers.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Convenience Retailers research and analysis database.
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