Franchising Of Services In India
WRR MARKET RESEARCH : The $3.3 billion franchise market in India has the potential to grow to $20 billion by 2020
Market Research on Franchising of Services in India
Reference code: IRRMRFSIN05-12
Published On: MAY2012
www.worldresearchreport.com
REPORT HIGHLIGHTS:
Franchising in the services sector represents lucrative opportunities as it is competitive, low cost, and provides high returns on investment.
Education and training services, professional services, and hospitality services tops the list of growing subsectors in the services franchise sector.
The $3.3 billion franchise market in India has the potential to grow to $20 billion by 2020,with an impressive growth rate of approximately 30% per year.
India's leading fitness/personal service providers in the organized segment include:
Vandana Luthra Care Centre (Vlcc),Lakme Beauty Salons,Kaya Skin Clinic (Ksc)
A few prominent Indian preschool chains in the market are EuroKids, Kidzee, Shemrock, Apple and Kangaroo Kids.
In the travel and tourism sector, Thomas Cook, Cox & Kings, Kuoni, SOTC, Raj Travels, Uniglobe Travel, VIA and TravelPort are some of the prominent offline players that are tapping the franchise model for rapid faster growth.
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