Maier and Vidorno

E-Commerce Industry in India

Home/Industry Expertise/E-Commerce Industry in India

E-COMMERCE SECTOR OVERVIEW-2020

Statistics, news & updates: everything you need to know about the E-Commerce  Industry in India

Snapshot

  • Summary
  • COVID-19 Impact
  • Industry Clusters
  • Growth Drivers
  • Key Players
  • Market Stats

Summary

The E-commerce Industry in India has recently seen huge growth. This is major because of the increasing penetration of the internet and smartphones across the country. Other factors are rise in the number of urban households combined with the convenience of purchasing online. In fact, it is estimated that 330 billion people will buy goods and services online in India in 2020. India emerges as a preferred online retail destination. Because many domestic companies and major global players have established businesses in India. Besides, the Government’s initiatives are also contributing to the growth of the e-commerce industry. These include Digital India, Skill India, Start-up India and Make in India. 

Moreover, companies in E-commerce retail are continuously working to introduce innovative business models and technology-driven approaches. Convenient payment options, customer-friendly policies, quick deliveries and easy returns drive customers to online channels.

Covid Impact

The spread of the COVID pandemic has changed how Indians buy goods and services, as well as how they view e-commerce. The standardized lockdown rules in India, as well as consumers’ growing reluctance to go outside and shop for essential goods, have pushed the country toward e-commerce. The Indian eCommerce industry has seen a significant increase as a result of COVID-19, and there is significant room for future growth. India’s e-commerce industry will grow 84% to $111 billion by 2024 as a result of the coronavirus pandemic’s impact.

The statistics below are taken from Industry data available pre-Corona virus impact.

Market Stats

  • Indian e-commerce market stands to increase at a CAGR of 30% for gross merchandise value.
  • The online retail market in India is expected to grow to US$ 73 billion by 2022. This will be at a CAGR of 29.2 per cent.
  • India’s internet economy is expected to touch around $ 500 billion by 2022.
  • The online travel segment comprises about 61% of the e-commerce industry.
  • The Indian (B2B) e-commerce market is estimated to reach $ 700 billion by 2020.
  • Overall, online shoppers in India are expected to cross 220 million by 2025.

Map – Industry Clusters

Growth Drivers

  • India is expected to reach an Internet user base of 829 million by 2021 from 604.21 million as of December 2018.
  • Electronics is currently the largest segment in e-commerce retail. It had a share of 48 per cent in 2018.
  • Government allows 100% FDI owned e-commerce marketplace.
  • The reach of online retailers to deliver products in remote locations is set to increase. This is because of the estimated investment of $ 2 billion in logistics and warehouses by 2020.
  • India is the fastest growing retail e-commerce industry worldwide. In addition, it is expected to reach US$ 200 billion by 2027.

Key Players in India

International

  • Ebay
  • Amazon
  • Alibaba
  • PayPal
  • Rakuten

National

  • Flipkart
  • Snapdeal
  • Paytm
  • Myntra
  • Yepme
  • Yebhi
  • ShopClues
  • Limeroad
  • Infibeam
  • Jabong
How we can help you

Contact Us For More Case Studies




    Case studies of Specific IndustrySpecific query about industry or M+V services

    I have read the privacy policy and my data can be used for registration and communication.

    Yes, I agree

    Clients Speak

    LI Ping HR Director /BHS Corrugated Machinery(Shanghai) Co.Ltd

    Strong support in recruitment
    M+V is very professional in India HR market. They were able to provide us with strong support in our recruitment. We are satisfied with their service.

    Falk Tzchichholz Sales Manager Export /Kjellberg Vertrieb GmbH

    Incubation solution
    With the incubation solution from Maier + Vidorno , we successfully placed our products in the Indian market and established valuable product market presence, which we can now build on further with our subsidiary

    Andreas Dauerbock Quality Assurance /Voestalpine Grobblech GmbH

    BIS registration project
    The BIS registration project went smooth and efficient. We are very satisfied with the way the documentation, communication and inspection on-site was handled from the Maier+ Vidorno Team. We are happy to recommend working with M+V in India - with the expert's advice you will need.

    Rajesh Nath Managing Director /VDMA India Services Pvt Ltd German Engineering Association

    Competent Partner
    India has great investment potential for foreign companies if you manage the highly complex business environment professionally. Our experience shows - Maier+Vidorno is a competent partner to efficiently set up and run business.

    Bjoern Becker Export Sales /Jumo GmbH & Co KG

    Market Presence and Profitability
    The cooperation of JUMO and Maier+Vidorno is a success story in India since 2008. Our sales, market presence and profitability in India shows constant growth. M+V knows about the challenges foreign companies face while doing business in India - and provides hands-on solutions.

    Rene Pluss CFO, Member of the Board /Regent Beleuchtungskorper AG

    Business Diagnostic and Implement Improvement
    Maier+Vidorno understands business challenges in the Indian business environment and provides solutions with the help of its experts. M+V has experience in running business diagnostics and implement improvement and expansion strategies in various industries in India.