Product Code: ETC086383 | Publication Date: Aug 2023 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The India lace market import shipment witnessed a strong compound annual growth rate of 9.9% from 2020 to 2024. However, there was a slight slowdown in growth between 2023 and 2024 with a decrease of 4.4%. Overall, the market expanded steadily over the period, showing positive momentum despite the minor dip in the final year.
The India lace Market is expected to witness rapid growth over the forecast period.This can be attributed to increasing consumer spending on apparel, rising disposable income levels and growing awareness about fashion trends. Moreover, easy availability of laces through both online and offline channels is also likely to drive the market growth in the near future. Furthermore, ongoing trend of customization among customers are further fuelling demand for laces in India.
India is the largest producer and exporter of lace in the world, accounting for about 70% of global production. The main drivers of this market are increasing demand from apparel manufacturers, growing fashion consciousness among consumers, rising disposable incomes, technological advancement in weaving laces and availability of new varieties.
The major challenges faced by the India Lace Market include high cost due to manual production processes, counterfeiting issues arising out to unorganized sector players as well as lack of awareness regarding latest trends among retailers. To overcome these issues there is a need for increased coordination between all stakeholders such as suppliers, designers & distributors. Additionally regular investments towards product development and innovation will help create competitive advantages over other regional markets
Some well known key players operating within this space include Shivalaya Impex , M/S Ratanlal Fashion Creation Pvt Ltd , Meena Bazaar Exports PVT LTD etc
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Lace Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Lace Market Revenues & Volume, 2021 & 2031F |
3.3 India Lace Market - Industry Life Cycle |
3.4 India Lace Market - Porter's Five Forces |
3.5 India Lace Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Lace Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Lace Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for traditional Indian attire globally, which often incorporates lace elements. |
4.2.2 Growth of the fashion industry in India, leading to higher demand for lace materials. |
4.2.3 Rising disposable income and changing consumer preferences towards premium and luxury clothing items. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the cost of lace production. |
4.3.2 Competition from synthetic lace substitutes affecting the market penetration of traditional lace. |
4.3.3 Challenges in maintaining quality standards and consistency in lace production processes. |
5 India Lace Market Trends |
6 India Lace Market, By Types |
6.1 India Lace Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Lace Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Lace Market Revenues & Volume, By Cotton Thread, 2021-2031F |
6.1.4 India Lace Market Revenues & Volume, By Flax, 2021-2031F |
6.1.5 India Lace Market Revenues & Volume, By Silk Thread, 2021-2031F |
6.1.6 India Lace Market Revenues & Volume, By Synthetic Fiber, 2021-2031F |
6.1.7 India Lace Market Revenues & Volume, By Fine Copper, 2021-2031F |
6.1.8 India Lace Market Revenues & Volume, By Silver Line, 2021-2031F |
6.2 India Lace Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Lace Market Revenues & Volume, By Clothes, 2021-2031F |
6.2.3 India Lace Market Revenues & Volume, By Shoes, 2021-2031F |
6.2.4 India Lace Market Revenues & Volume, By Accessories, 2021-2031F |
6.2.5 India Lace Market Revenues & Volume, By Soft Furniture, 2021-2031F |
6.2.6 India Lace Market Revenues & Volume, By Other, 2021-2031F |
7 India Lace Market Import-Export Trade Statistics |
7.1 India Lace Market Export to Major Countries |
7.2 India Lace Market Imports from Major Countries |
8 India Lace Market Key Performance Indicators |
8.1 Average selling price (ASP) of lace products in the market. |
8.2 Percentage of revenue from exports indicating market expansion beyond domestic boundaries. |
8.3 Adoption rate of innovative lace designs and technologies in manufacturing processes. |
9 India Lace Market - Opportunity Assessment |
9.1 India Lace Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Lace Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Lace Market - Competitive Landscape |
10.1 India Lace Market Revenue Share, By Companies, 2024 |
10.2 India Lace Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |