New Retailing market report from Business Monitor International: "BMI India Retail Report Q4 2014"
Boston, MA -- (SBWIRE) -- 09/03/2014 -- An emerging middle class and a highly urbanised youth population which aspires to new products and brands should result in a strong rise in household spending across all retail subsectors over the next few years. We are particularly positive about the future growth prospects for communications, clothing & footwear and furnishing & home, with personal care & insurance spending also set to grow strongly. However, we expect food & and drink expenditure to remain the highest throughout our forecast period.
The India Retail Report provides an extensive forecast of various retail indicators, including household spending and headline total spending across each retail subsector, household income and employment forecasts, demographic forecasts, and a detailed breakdown of household and per capita spending across a large number of retail areas including food & drink; clothing & footwear; furnishing & home; recreation & culture; personal, insurance & other, and a number of other subsectors.
View Full Report Details and Table of Contents
Overall, we see long-term potential in the local consumer market, particularly for non-essential items and aspirational purchasing by an emerging middle class. We forecast the average net household income to be USD4,391 in 2014, with fewer than 20% of households earning a minimum of USD5,000. However, between 2014 and 2018, the percentage of households moving into the USD5,000+ wage bracket is forecast to rise from 19.6% to 45.0% of the total, which represents the key demographic for increased household spending on non-essential products beyond necessities such as food, utilities and transport. We expect this to result in a corresponding increase in household spending on personal care and effects, high-end household appliances, restaurants and entertainment. Meanwhile, transport expenditure will also continue to rise as a larger number of households purchase cars and bikes and travel longer distances, including the purchase of holiday flights.
However, we have...
The BMI India Retail Report has been researched at source and features Business Monitor International (BMI)'s independent assessment and forecasts for the retail sector. The report examines key drivers of retail sales growth and future prospects, including consumer spending and private sector investment.
BMI's BMI India Retail Report also examines the level of development and potential for growth of the retail sector, the commercial initiatives of major players, changing consumer demographics that influence demand and the regulatory environment. Key sub-sectors include mass grocery retail, autos, over-the-counter pharmaceuticals, computers and consumer electronics.
- Benchmark BMI's independent retail industry forecasts for India to test other views - a key input for successful budgeting and strategic business planning in the Indian retail market.
- Target business opportunities and risks in India through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.
BMI Industry View:
Summary of BMI?s key forecasts and industry analysis, plus a discussion of major industry developments and a snapshot of key short-term demand-driving macroeconomic movements.
Industry SWOT Analysis:
Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the retail sector and within the broader political, economic and business environment.
BMI Industry Forecasts:
There are four separate 5-year forecast modules in the retail reports. These are:
Headline Retail Forecast: Total Household Spending, (US$bn and local currency, % growth, % GDP, per capita, per household); Spending by Retail Sector for: food and non-alcoholic drink, alcoholic drink, clothing and footwear, housing and utilities, furnishings and home, health, transport, recreation, education, transport, restaurants and hotels, personal care and insurance (US$bn and local currency, % growth, % GDP, % of total spending)
Retail Sector Forecast: Breakdown of Food, Non Alcoholic Drink, Alcohol, Tobacco, Clothing, Footwear, Household Goods, Furnishings, Appliances, Glass and Tableware, Household Textiles, Consumer Electronics, Garden Toys and Pets, Home and Garden tools, Personal Care, Personal Effects Spending (US$bn, % Growth);
Household Income and Numbers Forecast: Number of Households (?000,% growth); gross income per household and per capita; net income per household and per capita; tax and social contributions per capita; breakdown of household incomes ? US$5000+, US$10,000+ US$50000+ (?000, % of total); labour force, employment and unemployment (?000, % change)
About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.
For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 800-844-8156
Browse all Retailing research reports at Fast Market Research
You may also be interested in these related reports:
- Slovenia Retail Report Q4 2014
- Indonesia Retail Report Q4 2014
- Hungary Retail Report Q4 2014
- China Retail Report Q4 2014
- Hong Kong Retail Report Q4 2014
- Russia Retail Report Q4 2014
- Philippines Retail Report Q4 2014
- Romania Retail Report Q3 2014
- Czech Republic Retail Report Q3 2014
- Mexico Retail Report Q3 2014