Report Ocean introduces a fresh report examining the “India E-commerce Market” encompassing its size, share, growth, industry trends, and forecast up to 2030. This comprehensive analysis delves into various industry components and growth patterns that offer valuable insights for anticipating the market’s future trajectory.
The e-commerce market in India is growing rapidly and was valued at INR 4,448.39 Billion in 2020. It is projected to reach a value of INR 10,585.27 Billion by 2026, expanding at a CAGR of ~18.29% during the 2021-2026 period.
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The market’s growth is driven by affordable smartphones, increased internet penetration, and effective payment channels such as mobile wallets, as well as a streamlined logistics infrastructure. The Indian government is also leveraging e-commerce platforms to transform and organize traditional offline businesses.
The e-commerce market in India can be segmented based on product categories into online travel, retail, financial services, matrimony and classified, and other services. In 2020, the online retail segment held the largest market share (~44.25%), followed by online travel (25.10%). However, the COVID-19 pandemic severely impacted the online travel segment due to restrictions on physical movement and the shutdown of businesses. Online travel aggregators reported zero business in the first quarter of FY 2021, but have since focused on leisure tourism such as staycations and workations to compensate for losses in the travel business.
The online retail (e-tailing) segment was valued at INR 1,968.41 Bn in 2020 and is expected to reach INR 5,222.77 Bn by 2026. The growth of this segment is driven by the growth of internet-enabled devices, ease of shopping, innovative payment options, cashbacks, and discounts, as well as the rapidly evolving needs of customers.
The COVID-19 pandemic has had a severe impact on the e-commerce market in India. The supply chain was disrupted due to restrictions on physical movement and the shutdown of businesses. However, the e-grocery segment developed rapidly in light of current events, and the personal hygiene and care segment experienced steady growth in the first quarter of FY 2021. Companies have brought in various technologies such as voice recognition, virtual reality (VR), augmented reality (AR), fintech, artificial intelligence (AI), and machine learning (ML) to attract customers and compete with other players.
The competitive landscape of the Indian e-commerce market includes companies such as Info Edge (India) Ltd., Thomas Cook (India) Ltd., BigTree Entertainment Pvt. Ltd., Flipkart Internet Pvt. Ltd., Jasper Infotech Pvt. Ltd., MakeMyTrip (India) Pvt. Ltd., One97 Communications Ltd., People Interactive (India) Pvt. Ltd., and Amazon India Ltd.
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The report addresses the following key questions regarding the India E-commerce market:
- What is the expected growth rate of the market in the upcoming years and what factors are driving this growth?
- How do consumers perceive and adopt different types of India E-commerce in the market?
- How are regulatory policies and government initiatives impacting the growth of the India E-commerce market?
- What is the market share of the top 5 players in the India E-commerce market and how is it likely to change in the future?
- What are the latest technologies and innovations in the India E-commerce market and how are they shaping the industry landscape?
- How do macroeconomic factors such as inflation, GDP, and exchange rates affect the India E-commerce market?
- What are the challenges related to the supply chain and logistics that India E-commerce market players face and how are they addressing them?
- How is the changing consumer behavior and preferences influencing the dynamics of the India E-commerce market?
- What are the potential risks and uncertainties associated with investing in the India E-commerce market, and how can they be mitigated?
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of India E-commerce market revenues on a global, regional, and country level, projecting trends until 2030. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the India E-commerce market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the India E-commerce market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate India E-commerce business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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