Search results for: 'Penetration Rate'

The Indian Passenger Cars market is expected to grow at a robust rate of 8 to 9% over the next 5 years; the tire market in India is also likely to grow at a robust rate; however, the replacement market is vital to success. Improvements in road infrastructure, customers opting to drive long distances, online retail, etc. directly impact the competit...

The Indian construction space is set to grow on the back of huge investments. India has amongst the lowest penetration rates in the preventive waterproofing space with majority of the builders still using crude, traditional waterproofing solutions. Bituminous waterproofing with its relatiovely cheap price has potential to tap into the growing water...

Increasing global focus on using sustainable packaging materials and the rapid growth of the organized retail sector are key drivers for the packaging labels industry. The labelling market is rapidly evolving into being highly quality conscious and is driven by sustainability leading to increased usage of PET shrink films. In this Industry Docket, ...

LVTs market in India is concentrated among 5-6 brands and these are entirely dependent on imports. The product is used in niche segments and is dependent on the influence of leading architects and consultants. The nature of demand for flooring products in India does not favor the usage of LVT; hence, the product sees very low penetration. High pric...

Increased economic activities, higher urbanization rates and growth in crime creates the need for surveillance, which is expected to grow in future. Given the currently nascent market, targeting the right customer segment with products and services that offer desired outcome along with educating customers of the associated benefits hold the key to ...

Owing to India’s gradual shift from a services-based to an industry-driven economy major manufacturing sectors such as steel are expected to grow at a healthy rate of 7% during 2016-20 to reach 200 Mn MT by 2020, mainly driven by automotive and auto component industries. Due to increased domestic competition and imports for conventional steel grade...