Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
Franchise Basics 2019-11-15

India Franchise Industry - Facts and Figures

The Indian franchise industry has been growing at an amazing rate, spurred by the changing lifestyle preferences of the millennials

India Franchise Industry - Facts and Figures

India remains a ‘sizzling’ marketplace for franchising. Take a leisurely walk in any Indian metro or upcountry market, and the bustling markets greets you with the choicest top brands. The teeming millions are lapping up the likes of OYO, Titan, Levi’s, Ferns N Petals, Lenskart, Kidzee, Domino’s or McDonald’s like never before. While the Indian economy has seen many ups and downs in 2019, it has been a busy year for the franchise industry. Franchising in India has witnessed a four-fold growth since 2013 and is estimated at USD 50.4 billion currently. A majority of this growth can be attributed to professionals, especially from the IT background.

The franchising industry in India is growing at 30-35% year-on-year and is pegged to touch USD 100 billion by 2024. India is already the second-largest franchise market in the world, after the US, with over 4,600 active franchisers and nearly 2,00,000 outlets operated by almost 1.7 lakh franchisees. During the last two years, multi-unit franchising has grown by over 36%. However, the Indian franchise market is still very young; the industry accounts for roughly 2% of the national gross domestic product (GDP).

The job creation is estimated to be to the tune of 1.5 million in the franchise industry in India. Almost 1,000+ new retail brands adopt franchising every year. With India poised to become the third-largest consumer market coupled with over 85% growth in number of high net worth investors (HNIs), the country is certainly becoming a franchise hotspot. The most successful franchise brands, Indian or global, are the ones that are contemporary, relevant, and reflective of modern consumer preferences.

Comment
image
image
mobile
address
star franchise india
Related opportunities
  • Superstores
    About Us: It  started in 2015 itself with a good prospect..
    Locations looking for expansion Delhi
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Guest House / Service Apartments
    About Us: India’s fastest growing network for students Co-Living Housing. Placio is..
    Locations looking for expansion Delhi
    Establishment year 2016
    Franchising Launch Date 2019
    Investment size Rs. 50lac - 1 Cr.
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Sewage Treatment Plant
    About Us: Do it rite ways!  Rite Ways manufacture and sell the..
    Locations looking for expansion Karnataka
    Establishment year 2010
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 5000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Kids Entertainment Zones
    About Us: KKPL specializes in setting up kids entertainment centres in..
    Locations looking for expansion Delhi
    Establishment year 1988
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories

Free Advice - Ask Our Experts

pincode
ads ads ads ads