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 retailers is further expected to propel the growth of India modern retail space market through 2024.
Years considered for this report
Historical Years2014-2017
Base Year2018
Estimated Year2019
Forecast Period2020-2024
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
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Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of malls and major retail outlets across the country. Subsequently, Market insights research conducted primary research surveys with the identified stakeholders. While interviewing, the respondents were also enquired about further market segmentation. Market insights research analyzed the category of modern retail space, occupancy type and presence of all major modern retail space across the country.
Market insights research calculated India
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 retailers, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
