Rising income & purchasing power, increasing internet access and changing consumer preference to drive India online retail market through 2025
According to TechSci Research report, “India Online Retail Market By Segment, By Region, Competition, Forecast & Opportunities, 2025”, the online retail market in India is anticipated to grow at double digit CAGR during the forecast period which can be attributed to the increasing proliferation of smartphones and growing penetration of internet in the country. With increasing internet subscribers and growing disposable income, Indian online retail market has started attracting customers from tier 2 and tier 3 cities as well which was earlier limited to tier 1 cities. This is anticipated to further drive the growth of online retail market in India over the next five years.
Browse market data Tables and Figures spread through Pages and an in-depth TOC on” India Online Retail Market “
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India online retail market can be segmented based on segment, and region. Based on segment, market can be segregated into men, women, kids & babies, electronics & appliances, home & furniture, among others. In the last few years, electronics and appliances segment witnessed notable growth due to discounts and cashbacks offered on purchase of products online and launch of several products including smartphone on e-commerce before stores as online partners. In men and women segments, clothing is the dominant segment which has significantly affected offline retailers present in the market, for instance, Future group, Reliance retail, Tata’s trent, among others. As a result, offline retailers have either their e-commerce sites underway or have already launched their online stores in order to benefit from the booming online retail market.
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Flipkart Internet Private Limited, Myntra Designs Private Ltd., Amazon Retail India Private Limited, One97 Communication Limited, Snapdeal Private Limited, Jade eServices Private Limited (Jabong.com), Nykaa E-Retail Pvt Ltd, Brainbees Solutions Pvt Ltd (Firstcry.com), eBay India, Infibeam Avenues Ltd., among others are the leading players operating in the India online retail market. The companies operating in the market are using growth strategies such as product launches and mergers and acquisitions to increase their share in the market.
“India online retail market is predicted to grow at a double digit CAGR during the forecast period on account of growing preference for purchasing products online rather than retail stores. With plethora of options to choose from, extensive use of advertisements & presence on social media, fast delivery, products at huge discounts and easy return policies, among others are anticipated to positively influence the growth of online retail market in the country through 2025.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“India Online Retail Market By Segment, By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of India online retail market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in the India online retail market.
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