Electrical and Electronics Retailing in India – Market Summary & Forecasts: Comprehensive overview of the market, consumer, and competitive context, with retail sales value and forecasts to 2019

Date: 2015-08

“• Electrical and electronics market is projected to grow at a pace of 17.2% every year during the forecast period and is expected to make up 9.3% of the country’s retail revenues by 2019

• A strong and growing economy presents numerous opportunities for organized retailers, the country’s young and expanding middle class hold the key for the growth of retail industry

• Festive seasons and national holidays which are spread across the year are stimulating consumer retail spending, rural areas are still largely untapped markets

• Infrastructure, policy paralysis and supply chain constraints are some of the major growth roadblocks for the growth of retail

• Shortening of replacement cycle and a strong desire to have new technologies will boost spend on electrical and electronics

• Electrical and electronics specialist retailers continue to dominate, while online sales rise”

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