Market Overview:
India retail market size is projected to exhibit a growth rate (CAGR) of 13.90% during 2024-2032. The expanding e-commerce industry and evolving consumer preferences are primarily driving the market growth across the country.
Report Attribute
|
Key Statistics
|
Base Year
|
2023 |
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Growth Rate (2024-2032) |
13.90% |
Retail is the process of selling goods or services directly to end consumers for personal or household use. This involves various activities, including procuring products in bulk from wholesalers or manufacturers, showcasing items in physical stores or on online platforms, and delivering customer support and services. The retail industry encompasses a broad range of products such as clothing, footwear, jewelry, electronics, home appliances, beauty and personal care items, toys, stationery, and pet supplies. It aims to enhance convenience, improve accessibility, provide personalized services, implement efficient return and exchange policies, and enable consumers to identify the most suitable product options according to their needs and preferences. Beyond these benefits, the retail sector also plays a role in fostering economic growth, promoting social interaction, and contributing to job creation and employment opportunities, thereby supporting local communities.
India Retail Market Trends:
The retail market in India stands as a vibrant and dynamic sector, playing a pivotal role in the nation's economic landscape. This sector is instrumental in providing goods and services directly to end consumers for their personal or household use. Additionally, the retail industry is a significant contributor to economic growth, acting as a vital link between producers and consumers. It fosters convenience, accessibility, and personalized services, with efficient return and exchange policies, catering to the diverse needs and preferences of consumers. Besides this, the growth of the retail market in India has been propelled by factors such as urbanization, changing consumer behavior, and increasing disposable incomes. Moreover, the rise of e-commerce has further revolutionized the retail landscape, providing consumers with an array of choices and the convenience of shopping from the comfort of their homes. Beyond its economic impact, the retail sector in India facilitates social interaction by creating vibrant shopping environments and contributing to the cultural fabric of communities. Furthermore, job creation and employment opportunities within the retail industry significantly contribute to supporting local economies across the country, which is projected to fuel the market growth in the coming years.
India Retail Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on product and distribution channel.
Product Insights:
- Food and Beverages
- Personal and Household Care
- Apparel, Footwear and Accessories
- Furniture, Toys and Hobby
- Electronic and Household Appliances
- Others
The report has provided a detailed breakup and analysis of the market based on the product. This includes food and beverages, personal and household care, apparel, footwear and accessories, furniture, toys and hobby, electronic and household appliances, and others.
Distribution Channel Insights:
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialty Stores
- Online Stores
- Others
A detailed breakup and analysis of the market based on the distribution channel have also been provided in the report. This includes supermarkets and hypermarkets, convenience stores, specialty stores, online stores, and others.
Regional Insights:
- North India
- West and Central India
- South India
- East and Northeast India
The report has also provided a comprehensive analysis of all the major regional markets, which include North India, West and Central India, South India, and East and Northeast India.
Competitive Landscape:
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
India Retail Market Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Million |
Scope of the Report |
Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
- Product
- Distribution Channel
- Region
|
Products Covered |
Food and Beverages, Personal and Household Care, Apparel, Footwear and Accessories, Furniture, Toys and Hobby, Electronic and Household Appliances, Others |
Distribution Channels Covered |
Supermarkets and Hypermarkets, Convenience Stores, Specialty Stores, Online Stores, Others |
Regions Covered |
North India, West and Central India, South India, East and Northeast India |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the India retail market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the India retail market?
- What is the breakup of the India retail market on the basis of product?
- What is the breakup of the India retail market on the basis of distribution channel?
- What are the various stages in the value chain of the India retail market?
- What are the key driving factors and challenges in the India retail?
- What is the structure of the India retail market and who are the key players?
- What is the degree of competition in the India retail market?
Key Benefits for Stakeholders:
- IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India retail market from 2018-2032.
- The research report provides the latest information on the market drivers, challenges, and opportunities in the India retail market.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India retail industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.