The Indian car accessory market is estimated at Rs 1,200 crore.
It is growing at 20-25 per cent year-on-year.
The launch of new passenger car models, India emerging as a major hub for small car manufacturing and the rising per capita income are some of the key reasons for the growth of this market.
The unorganised sector accounts for nearly 60 per cent of the total car accessory market.
Entertainment (purchase of head units, speakers, amplifiers, sub-woofers and so on) is the biggest revenue earner for players in the segment.Consumers generally spend close to 3-4 per cent of the car value on car accessories.
In association with
Tuesday, June 23, 2009
Retail opportunity in India
Retail opportunity is slated to rise by about $160 billion (Rs 758,160 crore) in India in five years.
Modern retail IS likely to grow from 4.5 per cent of total retail in 2008 to 14 per cent by 2013.
In urban India, modern retail is likely to grow from the current 9.6 per cent of total retail to 26 per cent in the next five years.
Within retail spending, 20 distinct categories account for 80 per cent of discretionary spending. These are: Household help, eating out, telecom services, gifts, cinema, cable, DVDs, travel for leisure, grooming and personal care, and so on.
Discretionary expenditure is expected to grow to 32 per cent in 2013.
Modern retail IS likely to grow from 4.5 per cent of total retail in 2008 to 14 per cent by 2013.
In urban India, modern retail is likely to grow from the current 9.6 per cent of total retail to 26 per cent in the next five years.
Within retail spending, 20 distinct categories account for 80 per cent of discretionary spending. These are: Household help, eating out, telecom services, gifts, cinema, cable, DVDs, travel for leisure, grooming and personal care, and so on.
Discretionary expenditure is expected to grow to 32 per cent in 2013.
Healthcare expenditure
The US spends about $2 trillion (Rs 9,423,500 crore) annually on private healthcare.
India spends close to $34 billion (Rs 160,000 crore) annually on healthcare.
The per capita healthcare expenditure in India is $20 (Rs 944) as compared to $2,548 (Rs 120,300) in the US.
India has just 0.7 beds per 1,000 population while the US averages 3.2 beds per 1,000.
Indian healthcare expenditure needs to increase to cater to the 190 million senior citizens by 2028.
India spends close to $34 billion (Rs 160,000 crore) annually on healthcare.
The per capita healthcare expenditure in India is $20 (Rs 944) as compared to $2,548 (Rs 120,300) in the US.
India has just 0.7 beds per 1,000 population while the US averages 3.2 beds per 1,000.
Indian healthcare expenditure needs to increase to cater to the 190 million senior citizens by 2028.
Indian market for laptops
Laptop sales doubled in India in 2008 over the previous year.
HP has the largest market share of 21 per cent in the Indian laptop market, followed by HCL and Lenovo. Besides the corporate sector, laptops have been in demand in the education sector, with schools and colleges encouraging their day-to-day use. Laptops sales have increased the most in the 18-36 years age group segment which includes students and home users. Size, weight, battery life and configuration are the most important factors consumers look at when they buy a laptop.
Laptop sales have accounted for a decline in the sales of desktop computers and are expected to take over 40 per cent of the overall PC sales in India by 2010.
HP has the largest market share of 21 per cent in the Indian laptop market, followed by HCL and Lenovo. Besides the corporate sector, laptops have been in demand in the education sector, with schools and colleges encouraging their day-to-day use. Laptops sales have increased the most in the 18-36 years age group segment which includes students and home users. Size, weight, battery life and configuration are the most important factors consumers look at when they buy a laptop.
Laptop sales have accounted for a decline in the sales of desktop computers and are expected to take over 40 per cent of the overall PC sales in India by 2010.
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