Published on : May 23, 2017
Albany, New York, May 23, 2017: The American lifestyles sector is experiencing major developments recently owing to the surge of customers and the change in peoples’ shopping behavior. Focusing on this growth, a new study is included to the vast repository of Market Research Hub (MRH), with the title ‘‘American Lifestyles : Finding Common Ground-US-April 2017‘’. The report aims to present a professional analysis of the key topics such as American people, economy and market behavior; as well as the exhaustive study of the categories and consumers of this sector during the forecast period of 2016 to 2021.
Currently, the American lifestyles industry is witnessing a significant change due to the purchasing capacity among prospective groups such as the millennials. The report starts by portraying an overview of the sector, alongside the economy. In this section, the study focusses on the economic expansion, income and personal consumption. Moreover, the study offers extra guidance to investors about an economy in relation to fuel price and GDP, which helps them to be up-to-date. By evaluating the economy and market during the given forecast, the report helps in designing businesses according to the market.
In this study, there is a clear evaluation of some of the most profitable categories. These categories are namely, home, food, technology, communications, vacations, tourism, leisure, entertainment, home, garden, transportation, personal finance, housing, health care, optical goods and miscellaneous. Under home food, it introspects secondary segments such as dining out, alcoholic drinks, and non-alcoholic drinks. In this section, it also reveals useful data about other segments such as beauty, personal care and pharmaceuticals. Under miscellaneous, the analysis of the consumer trends, financial situations and strain on the middle class are also presented, together with the evaluation of segments such as Starbucks food share and Amazon Alexa devices. Such category based studies helps in creating the most profitable products.
Another key feature of this report is the introspection of the American consumers in terms of key aspects of this market. Some of the factors evaluated are expenditure, perceptions of finances and gender-wise spending behavior.
Additional knowledge in terms of the American population; as well as about millennials is also available from this useful study. Analysis of other factors such as age groups, distribution of the population in terms of age and race (such as Hispanic origin) are also seen. Alongside the study of the refugee population, birth rates and households also find a mention in this section. Such essential data about American people and category helps in increasing sales. This functional report analyzing the entire American lifestyles market and its’ categories helps in increasing the revenue.
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