Television is the fastest growing market among consumer durable goods in India. There are 210 Mn TV households in the country in 2020. The flat panel television market is driven by reduction in price of large screen TVs, increasing affordability of customers, lower content subscription charges and rising availability of...
Read MorePharmacy retail consists of selling pharmaceutical products. The pharmacy retail market has increased rapidly in the past few years, owing to the growing population and patient pool, and affordability of medicines. Consumers have improved access to medicines because of advanced medical infrastructure, launch of patented drugs. But factors such as...
Read MoreTelevision is the fastest growing market among consumer durable goods in India. There are 210 Mn TV households in the country in 2020. The flat panel television market is driven by reduction in price of large screen TVs, increasing affordability of customers, lower content subscription charges and rising availability of...
Read MoreMarket insights: The consumer goods market in India is one of the largest in the world. According to a World Economic Forum report published in 2019, it is expected to become the third-largest consumer market by 2025, after the US and China. The demand for refrigerator is likely to pick...
Read MoreIndia is at the initial stages of making the transition to electric vehicles. Concerns regarding pollution and other environmental issues, along with lower operating costs of electric vehicles in comparison to fuel-drive ones will result in the increased adoption of electric bikes, in turn boosting market growth. With the government...
Read MoreThe impact of COVID-19 pandemic has changed consumer behavior and has encouraged people to take precautionary measures on personal cleanliness. The Indian government has issued several guidelines to educate people about hand hygiene. The growing awareness regarding hand hygiene has produced numerous growth opportunities for the market players and hand...
Read MoreOrdering groceries online has become prevalent in the past few years, owing to change in lifestyle, rapid urbanization, and increased internet penetration in rural parts of India. The online grocery market grew significantly in 2020 and 2021, when the COVID-19-induced lockdowns and social distancing norms compelled most Indian households to...
Read MoreMarket insights :Consumers have become inclined toward organic personal care products because they are made of plant-based ingredients, which are not toxic, cruelty-free, non-GMO, and non-comedogenic. This is because of the growing awareness of the harmful effects of parabens, sulphates, and synthetic chemicals such as propylparaben, formaldehyde, phthalates, and butylparaben...
Read MoreMarket insights: Technical advancements such as cost-effective equipment and decrease in prices of components have fueled the growth of the air conditioner (AC) market. High energy consumption and fall in electricity prices are the major challenges. The market was valued at INR 293.37 Bn in FY 2021. It is expected...
Read MoreIn 2020, the e-commerce market was valued at INR 4,448.39 Bn. It is anticipated to reach a value of INR 10,585.27 Bn by 2026, expanding at a CAGR of ~18.29% during the 2021 2026 period. Affordable smartphones, increased internet penetration of the, and effective payment channels such as mobile wallets,...
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