Shopping Centers Industry Overview

The global shopping centers market size was valued at USD 5,231.63 billion in 2021 and is expected to advance at a compound annual growth rate (CAGR) of 5.9% from 2022 to 2028. 

Shopping centers are gaining popularity because they include clothing stores, foods, a variety of collections from different retailers or vendors, and much more in one place. This is the major factor driving the market growth. Moreover, shopping centers provide a better consumer experience, allowing them to gain access to various practices such as new product launches, festivals, and events. The COVID-19 outbreak negatively impacted the market for shopping centers. During COVID-19, the shopping centers around the world remained closed due to strict lockdown and stay-at-home initiatives by various governments. Also, supply chains were disturbed, which affected the global retails to run the business.

Gather more insights about the market drivers, restrains and growth of the Global Shopping Centers Market