The specialty industry includes Movie multiplex, car and truck dealerships, auto parts, home improvement, office supplies, books, kitchenwares, housewares, garden centers, toys, sporting equipment and other focused retail operations. The specialty retail market is growing quite swiftly in a developing country like India. Both Indian and international market leaders are eyeing the Indian market to en-cash on the specialty stores retail boom. Specialty retail today contributes approximately 50 per cent of the total organized retail market in India.
Some of the Largest Companies are Trent (From TATA Including Good brands like Westside, Zudio etc), PVR, INOX
Etc.
High growth of around 15-20% CAGR was seen during the last 2 decades. This is the emerging Sector but due to high capex low Margins are there currently. POST COVID-19 this sector is highly affected with the sales drop of around 50% to 80%. Alike Tourism, Hotel industry and some highly affected industries this Industry was also expected to Normalize around H2 this year.