India Modern Retail Space Market Outlook 2014-2024

Posted by Sophia Jones on October 31st, 2019

Market Reports on India Provides the Trending Market Research Report on “India Modern Retail Space Market, By Category (Departmental Stores, Food & Beverages, Entertainment, Home & Lifestyle, Hyper/Supermarkets and Others), By Occupancy Type (Malls and Shopping Streets), By Size (0-500 sq. ft., 501-1000 sq. ft., 1001-2000 sq. ft., 2001-3000 sq. ft. and Above 3000 sq. ft.), Competition, Forecast & Opportunities, 2014-2024” under Retail category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.

India Modern Retail Space Market stood at 442.13 million sq. ft. in 2018, in volume terms, and is projected to grow at a CAGR of around 7% to surpass 659 million sq. ft. by 2024. Growth in India modern retail space can be attributed to increasing youth population, growing urbanization and hence, rising brand-consciousness across the country which is pushing the demand for organized retail which would consequently lead to development of modern retail space in India.

Additionally, increasing disposable income of middle-class urban population, innovative marketing and promotional strategies of companies offering a variety of options at their exclusive outlets and convenience associated with shopping at modern retail stores is further expected to propel the growth of India modern retail space market through 2024.

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India Modern Retail Space Market

Years considered for this report:

Historical Years: 2014-2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020-2024

Objective of the Study:

  • To analyze and forecast India modern retail space market size.
  • To classify and forecast India modern retail space market based on category, occupancy type and size distribution.
  • To identify drivers and challenges for India modern retail space market.
  • To examine competitive developments such as expansions, mergers & acquisitions, etc., in India modern retail space market

Our Research performed both primary as well as exhaustive secondary research for this study. Initially, Our Research sourced a list of malls and major retail outlets across the country. Subsequently, Our Research conducted primary research surveys with the identified stakeholders. While interviewing, the respondents were also enquired about further market segmentation. Our Research analyzed the category of modern retail space, occupancy type and presence of all major modern retail space across the country.

Our Research calculated India modern retail space market size by using a top-down approach, where space occupied by modern retail was recorded as per occupancy type and forecast for the future years was made. Our Research sourced these values from the industry experts and externally validated through analyzing historical data of the occupancy type and category-wise space occupied by modern retail space for getting an appropriate, overall market size. Various secondary sources such as news articles, press releases, industry magazines, white papers and investor presentations were also studied by Our Research.

Key Target Audience:

  • Malls and shopping streets
  • Potential investors
  • Organizations, forums and alliances related to modern retail space market
  • Research organizations and consulting companies

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as malls, modern retail stores, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

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Sophia Jones

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Sophia Jones
Joined: August 22nd, 2017
Articles Posted: 752

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