India Retail Market Top Key Players - Reliance Retail, V Mart, D Mart, Pantaloons, Future Lifestyles and Fashions, Shoppers Stop, Future Retail, Trent Retail, The Raymond group, Bombay Dyeing

The India Retail Market is emerging as one of the most dynamic and fast-paced industries with the participation of several new players. With the arrival of several new players, retail in India has become one of the most dynamic and fast industries. The sector is the largest source of employment after agriculture, penetrating deeply into rural India and producing over 10% of India's GDP.

The past few years have seen tremendous growth by this sector. Key factors are changing consumer profiles and demographics, increasing number of international brands available in the Indian market, economic impact of governments from increasing urbanization, credit availability, and improved infrastructure. We are increasing our investment in technology and real estate to create world-class shopping experiences for consumers.

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INDIA RETAIL MARKET DYNAMICS

• Union Indian Retailers, which are organized and unorganized, employ around 40 million Indians. A typical Indian sleeve is very small. There are over 14 million stores operating in the country, and only 4% of them exceed 500 square feet (46 m 2) in size. India has about 11 stores per 1000 people.

• The three top categories with the highest retail sales include groceries, clothing and furniture. Within these categories, grocery retail has been placed in the main category for one of the basic needs of all human beings, namely the important position to meet food.

• Over the past few years, retail sales in India have reached about 33-35% of GDP, compared to 20% in the United States. India's retail industry is the fifth largest industry in the world. Composed of organizational and non-organizational sectors, India's retail industry is one of India's fastest growing industries, especially in the last few years.

• The Indian distribution industry was initially largely unorganized, but has recently become more organized and widespread, depending on consumer tastes. Now, as the demand in the market increases, the industry is expected to grow.

INDIA RETAILMARKET SEGMENTATION

The Indian Market of Retail can be segmented into following categories for further analysis.

By Product Application
• Food and Beverages
• Personal and Household
• Apparel and Footwear
• Furniture
• Toys and Products
• Electronic and Household
• Other product categories

By Technology Integration Type
• Voice Search Based
• In store digital display based
• Social shopping based
• Geo location services based
• Visual search based
• Smart fitting based
• AI and ML based
• IOT Based
• Big Data based

By Distribution Channel Type
• Supermarket / Hypermarkets
• Speciality Stores
• Convenience Stores
• Online Stores
• Other Distribution Channels

By Regional Classification
• Western Region – India
• Eastern Region – India
• Southern Region – India
• Northern Region – India

COMPETITIVE LANDSCAPE

• The organized segment typically comprises a large number of retailers, greater enforcement of taxation mechanisms and better labour law monitoring system. In the coming years it can be said that the hypermarket route will emerge as the most preferred format for international retailers stepping into the country. At present, there are 500 hypermarkets operated by four to five large retailers spread across 100+ cities catering to a population of half-a-million or more.

• The Retail industry competition can be seen amongst the top players who are involved in placing the most possible retail stores across the country for better access and presence. Tata has been integrating itself into the market by provisioning low-cost requirements by establishing a hypermarket business with Star India Bazaar. It offers customers a variety of products in categories, such as staple foods, fruits, vegetables, consumer electronics, health, and beauty products and many more at affordable prices.

COMPANIES PROFILED
• Reliance Retail
• V Mart
• D Mart
• Pantaloons
• Future Lifestyles and Fashions
• Shoppers Stop
• Future Retail
• Trent Retail
• The Raymond group
• Bombay Dyeing

Read More Information: https://mobilityforesights.com/product/india-retail-market/

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This release was published on openPR.