India Wholesale Market Synopsis
India Wholesale Market is estimated to gain traction in the country over the coming years underpinned by the rising expansion of e-commerce platforms, product diversification, and urbanization. India is home to one of the largest wholesale markets in the world, with a wide range of products from all categories available for purchase. The market includes apparel, jewellery, electronics, furniture and more. With its vast population and growing middle class, India has become an attractive destination for wholesalers looking to expand their business internationally. In addition to local suppliers, there are also many foreign companies operating in this sector due to the low labour and production costs available here.
According to 6Wresearch, the India Wholesale Market size is estimated to augment during the forecast period 2023-2029. The market growth is driven by increasing disposable incomes among consumers as well as increased demand from overseas buyers due to lower prices than those seen in other countries such as China or the USA. Furthermore, e-commerce platforms have provided greater access to customers across various regions resulting in increased sales opportunities for wholesalers catering specifically towards online shoppers. However, the market faces some challenges that can impede the market growth such as intense competition within certain sectors due to numerous players offering similar products at competitive prices leading some retailers to opt out altogether or lose profits on each sale they make.
Key Players of the India Wholesale Market
All the below-mentioned companies offer unique set advantages whether its extensive product selection delivery times payment options return policies. key players currently active space include:
- Amazon Flipkart
- Pepperfry
- Myntra
- Snapdeal
- Shopclues
- Alibaba Group
COVID-19 Influence on the India Wholesale Market
COVID-19 had a mixed impact on the India Wholesale Market which is a part of the Asia Pacific Wholesale Market. Due to the lockdown imposed by the government across the country, this affected the transportation of goods, as a result, wholesale businesses encounter challenges during product sourcing. Inventory Management became difficult, especially for non-essential goods due to uncertain demand, which resulted in financial constraints. However, the demand for several products shifted drastically during the pandemic. With an increased demand for essential goods such as groceries, pharmaceuticals, and personal protective equipment (PPE), leading to a slight surge in the wholesale market in India was seen.
Key attractiveness of the report
- COVID-19 Impact on the Market.
- Major Upcoming Developments and Projects.
- Historical Data Starting from 2019 to 2022.
- Base Year: 2022.
- 10 Years Market Numbers.
- Key Performance Indicators Impacting the Market.
- Forecast Data until 2029.
Key Highlights of the Report:
- India Wholesale Market Outlook
- India Wholesale Key Strategic Recommendations
- Historical Data and Forecast of India Wholesale Market Revenues & Volume By Independent Wholesalers for the Period 2019 - 2029
- India Wholesale Company Profiles
- Historical Data and Forecast of India Wholesale Market Revenues & Volume By Wholesale/Distribution Chain for the Period 2019 - 2029
- Forecast of India Wholesale Market, 2029
- Historical Data and Forecast of India Wholesale Revenues & Volume for the Period 2019 - 2029
- India Wholesale Market Trend Evolution
- Historical Data and Forecast of India Wholesale Market Revenues & Volume By Ownership for the Period 2019 - 2029
- Market Size of India Wholesale Market, 2022
- Historical Data and Forecast of India Wholesale Market Revenues & Volume By Durable Goods Merchant Wholesalers for the Period 2019 - 2029
- India Wholesale Competitive Benchmarking By Technical and Operational Parameters
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