PROSPECTS AND OPPORTUNITIES
Smart home technology displays might create interactive experiences that drive higher-value sales
Home products specialists is set to maintain current value growth throughout the forecast period in India. Pet shops and superstores is anticipated to see the strongest increase, as pet ownership rises, and as more is spent per pet.
Recurring revenue through pet care subscriptions, and the DIY trend set to drive growth
With the dynamic growth of pet shops and superstores, players are exploring subscription-based models to attract consumers by providing convenience, and generate recurring revenue streams. These subscription models are likely to include customised product recommendations based on pets’ breed, age, and health conditions.
Ikea will continue to adapt its products to the local market to drive growth
In addition to opening further stores of different sizes in India in the forecast period, Ikea is expected to continue to launch products adapted to the local market to meet the needs of local consumers and ensure footfall. For instance, in order to understand Indian consumers’ needs, the company placed its home furnishings and kitchens in a number of homes and tested them to see how they fared in the country’s hot, humid, and dusty cities.
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Overview:
Understand the latest market trends and future growth opportunities for the Home Products Specialists 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 Home Products Specialists 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 Home Products Specialists 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 Home Products Specialists in India?
- Which are the leading retailers in Home Products Specialists 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?
Home Products Specialists in India - Category analysis
KEY DATA FINDINGS
Omnichannel integration transforming the browsing experience into a seamless purchasing journey
Home products specialists continues to see strong competition from e-commerce
Growth in pet ownership creates new market for premium products
Smart home technology displays might create interactive experiences that drive higher-value sales
Recurring revenue through pet care subscriptions, and the DIY trend set to drive growth
Ikea will continue to adapt its products to the local market to drive growth
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:
Home Products Specialists
- Home Improvement and Gardening Stores
- Homewares and Home Furnishing Stores
- Pet Shops and Superstores
Home Products Specialists
The aggregation of home improvement and gardening stores, homewares and home furnishing stores, and pet shops and superstores.
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 Home Products Specialists research and analysis database.
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