PROSPECTS AND OPPORTUNITIES
Integration of phygital retail models
After the disruption to sales and outlet numbers seen during the review period, in the forecast period convenience retailers in India is set to see greater stability, with slow growth in the outlet count, and stronger increases in current value sales. Forecourt retailers is expected to continue to see higher growth than convenience stores.
Strategic quick-commerce alliances may convert store locations into a competitive delivery advantage
The competitive quick-commerce space in India is seeing a move towards strategic partnerships rather than outright consolidation of delivery platforms. Convenience stores are becoming key allies for quick-commerce companies due to their existing store networks and efficient operations.
AI-driven virtual storefronts will create personalised shopping experiences
Driven by the increasing competitiveness of the channel and the focus on optimising inventory, AI-powered demand forecasting is set to become a norm. Since the size of convenience stores tends to be small, it is important for them to ensure every product stocked is considered and planned carefully, and shelf space used efficiently.
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Overview:
Understand the latest market trends and future growth opportunities for the Convenience Retailers industry in India with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Convenience Retailers industry in India, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Convenience Retailers in India report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Convenience Retailers in India?
- Which are the leading retailers in Convenience Retailers in India?
- How is the rise of e-commerce and the expansion of modern grocery retail impacting traditional retail?
- How has the impact of COVID-19 and national lockdown impacted consumer demand?
- Which formats have benefited the most from stockpiling and enforced home seclusion?
- How will the wider economic impact of COVID-19 shape the retail landscape in the future?
- Where is future growth expected to be most dynamic?
Convenience Retailers in India - Category analysis
KEY DATA FINDINGS
Strategic consolidation, with the replacement of multiple small outlets with fewer high-performance stores
Micro-fulfilment centres transform urban stores into quick-commerce delivery hubs
24/7 service model captures late-night urban consumer demand for essentials
Integration of phygital retail models
Strategic quick-commerce alliances may convert store locations into a competitive delivery advantage
AI-driven virtual storefronts will create personalised shopping experiences
Retail in India - Industry Overview
Retail in 2024: The big picture
Price, and level of involvement in the buying process are leading parameters when choosing a retail channel
Evolving consumer preferences make an omnichannel presence imperative to drive strong demand
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Diwali season
End of season sale
DISCLAIMER
The following categories and subcategories are included:
Convenience Retailers
- Convenience Stores
- Forecourt Retailers
Convenience Retailers
The aggregation of convenience stores and forecourt retailers.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Convenience Retailers research and analysis database.
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