PROSPECTS AND OPPORTUNITIES
Competition from other formats will limit growth potential of convenience stores
Together with maturity, competition from supermarkets, hypermarkets and discounters will continue to subdue growth in convenience stores current value sales and outlet numbers over the forecast period. The potential for expansion will be further constrained by an increasing challenge from variety stores with well-developed offers in non-food categories.
Numbers of 24-hour forecourt retailers expected to decline further
Forecourt retailers looks set to outperform convenience stores in current value growth terms over the forecast period. This is partly because sales in the former channel are emerging from a lower base, but also reflects the fact that it is much less exposed to competition from modern grocery retailers formats such as supermarkets and discounters.
More attractive franchise incentives could shake up competitive landscape
Most convenience stores in Hungary now operate under franchise models. While this makes it easier for store owners to migrate between brands, such shifts have historically been relatively rare.
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Overview:
Understand the latest market trends and future growth opportunities for the Convenience Retailers industry in Hungary 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 Hungary, 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 Hungary 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 Hungary?
- Which are the leading retailers in Convenience Retailers in Hungary?
- 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 Hungary - Category analysis
KEY DATA FINDINGS
Convenience stores face growing threat from other modern grocery retailers
Orlen acquires several service stations from MOL
Forecourt retailers chains continue to expand their foodservice offerings
Competition from other formats will limit growth potential of convenience stores
Numbers of 24-hour forecourt retailers expected to decline further
More attractive franchise incentives could shake up competitive landscape
Retail in Hungary - Industry Overview
Retail in 2024: The big picture
Special retail tax continues to take a toll on large multinational chains
Sustainability concerns remain influential as new deposit return scheme is launched
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Black Friday
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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