Product Code: ETC422900 | Publication Date: Aug 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India apparel and footwear market import shipment demonstrated robust growth with a CAGR of 13.1% from 2020 to 2024. However, there was a notable decline in growth momentum between 2023 and 2024, with a negative growth rate of -11.2%. Overall, the market expanded significantly but showed signs of stabilization towards the end of the period.
The apparel and footwear market in India is characterized by its size and diversity. With a burgeoning middle-class population, changing fashion preferences, and increased purchasing power, India textile and apparel industry has seen substantial growth. The market is a mix of traditional and modern, with a surge in demand for Western-style clothing and branded footwear. E-commerce platforms have played a significant role in making fashionable clothing and footwear accessible to a wider audience.
The India apparel and footwear market is primarily driven by the country`s young and fashion-conscious population, urbanization, and rising disposable incomes. The growth of e-commerce and a dynamic retail landscape also play a crucial role in the market`s expansion. Changing fashion trends and the need for diverse clothing and footwear options further fuel this market.
The India Apparel and Footwear market encounters challenges due to changing fashion trends, consumer preferences, and the need for sustainable and ethical production. The market must adapt to evolving styles and materials while promoting sustainable practices and ethical manufacturing. Ensuring quality and consistent production in the apparel and footwear industries is crucial to meet consumer expectations. Additionally, competition from international brands and online retailers poses ongoing challenges.
The apparel and footwear market in India was significantly impacted by the COVID-19 pandemic. With reduced consumer spending, disruptions in the supply chain, and shifts in consumer preferences towards comfort wear, the market faced challenges. Businesses adapted by promoting online sales, adjusting their product mix, and emphasizing safety measures in physical stores.
The India Apparel and Footwear market is characterized by a multitude of players, including prominent brands like Reliance Retail, Future Group, and Aditya Birla Fashion and Retail. These companies operate a wide network of stores, offering an extensive range of clothing and footwear options, catering to the diverse fashion preferences of India consumers.
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 Apparel and Footwear Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Apparel and Footwear Market Revenues & Volume, 2021 & 2031F |
3.3 India Apparel and Footwear Market - Industry Life Cycle |
3.4 India Apparel and Footwear Market - Porter's Five Forces |
3.5 India Apparel and Footwear Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Apparel and Footwear Market Revenues & Volume Share, By End-user, 2021 & 2031F |
3.7 India Apparel and Footwear Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 India Apparel and Footwear Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing disposable income of the middle-class population in India |
4.2.2 Growing urbanization leading to changing lifestyle preferences |
4.2.3 Rise in e-commerce platforms providing easy access to a wide range of apparel and footwear options |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Intense competition among domestic and international brands |
4.3.3 Challenges related to supply chain disruptions and logistics issues |
5 India Apparel and Footwear Market Trends |
6 India Apparel and Footwear Market, By Types |
6.1 India Apparel and Footwear Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Apparel and Footwear Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Apparel and Footwear Market Revenues & Volume, By Apparel, 2021-2031F |
6.1.4 India Apparel and Footwear Market Revenues & Volume, By Casual Wear, 2021-2031F |
6.1.5 India Apparel and Footwear Market Revenues & Volume, By Sports Wear, 2021-2031F |
6.1.6 India Apparel and Footwear Market Revenues & Volume, By Night Wear, 2021-2031F |
6.1.7 India Apparel and Footwear Market Revenues & Volume, By Others, 2021-2031F |
6.1.8 India Apparel and Footwear Market Revenues & Volume, By Footwear , 2021-2031F |
6.1.9 India Apparel and Footwear Market Revenues & Volume, By Slippers, 2021-2031F |
6.1.10 India Apparel and Footwear Market Revenues & Volume, By Slippers, 2021-2031F |
6.2 India Apparel and Footwear Market, By End-user |
6.2.1 Overview and Analysis |
6.2.2 India Apparel and Footwear Market Revenues & Volume, By Men, 2021-2031F |
6.2.3 India Apparel and Footwear Market Revenues & Volume, By Women, 2021-2031F |
6.2.4 India Apparel and Footwear Market Revenues & Volume, By Kids, 2021-2031F |
6.3 India Apparel and Footwear Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 India Apparel and Footwear Market Revenues & Volume, By Speciality Stores, 2021-2031F |
6.3.3 India Apparel and Footwear Market Revenues & Volume, By Supermarkets/Hypermarkets, 2021-2031F |
6.3.4 India Apparel and Footwear Market Revenues & Volume, By Online Channels, 2021-2031F |
6.3.5 India Apparel and Footwear Market Revenues & Volume, By Others, 2021-2031F |
7 India Apparel and Footwear Market Import-Export Trade Statistics |
7.1 India Apparel and Footwear Market Export to Major Countries |
7.2 India Apparel and Footwear Market Imports from Major Countries |
8 India Apparel and Footwear Market Key Performance Indicators |
8.1 Average order value (AOV) indicating consumer spending habits |
8.2 Customer retention rate reflecting brand loyalty |
8.3 Website traffic and engagement metrics showing consumer interest and demand trends |
9 India Apparel and Footwear Market - Opportunity Assessment |
9.1 India Apparel and Footwear Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Apparel and Footwear Market Opportunity Assessment, By End-user, 2021 & 2031F |
9.3 India Apparel and Footwear Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 India Apparel and Footwear Market - Competitive Landscape |
10.1 India Apparel and Footwear Market Revenue Share, By Companies, 2024 |
10.2 India Apparel and Footwear Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |