| Product Code: ETC10274574 | Publication Date: Apr 2025 | Product Type: Market Research Report | ||
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
The India readymade garments market import shipments witnessed robust growth with a notable CAGR from 2020-2024. The market sustained momentum with a healthy growth rate between 2023 and 2024, indicating a strong upward trend and expansion in market demand.
The India readymade garments market is a dynamic and rapidly growing industry driven by factors such as changing consumer preferences, increasing disposable incomes, and urbanization. The market offers a wide range of products including men`s wear, women`s wear, and children`s wear, with a mix of traditional and western styles. Key players in the market include both domestic brands and international retailers, leading to intense competition and a focus on innovation and quality. E-commerce platforms have also played a significant role in expanding the reach of readymade garments to consumers across the country. The market is expected to continue its growth trajectory fueled by rising fashion consciousness, a young population demographic, and the increasing penetration of organized retail.
The India readymade garments market is experiencing several key trends. One prominent trend is the growing demand for sustainable and eco-friendly clothing, driven by increasing consumer awareness of environmental issues. Many Indian consumers are seeking out clothing made from organic materials or produced using ethical manufacturing practices. Another trend is the rise of online shopping for readymade garments, with e-commerce platforms offering a wide range of options for customers to choose from. Customization and personalization services are also gaining popularity, allowing consumers to tailor garments to their preferences. Additionally, there is a shift towards more casual and comfortable styles, especially in response to the changing work-from-home culture. Overall, the India readymade garments market is evolving to cater to the demands of environmentally conscious and digitally savvy consumers.
In the India readymade garments market, some key challenges include intense competition due to the presence of numerous domestic and international players, fluctuating raw material prices impacting production costs, evolving consumer preferences leading to the need for constant design innovation, and a highly fragmented market structure making it challenging for smaller players to compete effectively. Additionally, issues such as compliance with stringent quality standards, managing inventory efficiently to meet demand fluctuations, and ensuring timely delivery in a cost-effective manner pose significant challenges for companies operating in the sector. Overall, navigating these challenges requires a deep understanding of market dynamics, agility in responding to changing trends, and a focus on building strong partnerships across the supply chain to maintain a competitive edge in the India readymade garments market.
The India readymade garments market offers lucrative investment opportunities due to the country`s growing fashion consciousness, increasing disposable income, and expanding middle-class population. With a large and diverse consumer base, there is a high demand for trendy and affordable clothing, creating a favorable environment for investors. Additionally, the government`s initiatives to boost the textile and apparel sector through policies like the Production-Linked Incentive (PLI) scheme further encourage investment in this market. Opportunities exist for investors to tap into various segments such as ethnic wear, western wear, athleisure, and sustainable fashion to cater to the evolving preferences of Indian consumers. Partnering with established brands, setting up manufacturing units, or investing in e-commerce platforms can all be viable strategies for capitalizing on the growth potential of the India readymade garments market.
Government policies related to the India readymade garments market include the Textile Policy, which aims to promote growth and investments in the sector through incentives such as subsidies, tax benefits, and credit facilities. The Technology Upgradation Fund Scheme (TUFS) provides financial support for modernizing production processes and improving infrastructure. The Goods and Services Tax (GST) has streamlined taxation and reduced logistics costs for manufacturers and exporters. Additionally, the Merchandise Exports from India Scheme (MEIS) offers incentives to boost exports of readymade garments. The government also focuses on skill development initiatives to enhance the workforce`s capabilities and increase competitiveness in the global market. These policies collectively support the growth and sustainability of the Indian readymade garments industry.
The future outlook for the India readymade garments market is positive, driven by factors such as increasing disposable incomes, changing fashion trends, and a growing preference for convenience among consumers. The market is expected to witness steady growth as more international brands enter the country and domestic players expand their offerings. With the rise of e-commerce platforms and digital marketing, consumers have easier access to a wide range of readymade garments, further boosting the market. Additionally, the increasing focus on sustainability and ethical fashion practices is likely to influence consumer choices, leading to a demand for eco-friendly and ethically produced garments. Overall, the India readymade garments market is poised for growth and innovation in the coming years.
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 Readymade Garments Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Readymade Garments Market Revenues & Volume, 2021 & 2031F |
3.3 India Readymade Garments Market - Industry Life Cycle |
3.4 India Readymade Garments Market - Porter's Five Forces |
3.5 India Readymade Garments Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Readymade Garments Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.7 India Readymade Garments Market Revenues & Volume Share, By Age Group, 2021 & 2031F |
3.8 India Readymade Garments Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.9 India Readymade Garments Market Revenues & Volume Share, By Price Range, 2021 & 2031F |
4 India Readymade Garments Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing disposable income of consumers in India |
4.2.2 Growing preference for western fashion trends among Indian consumers |
4.2.3 Rising adoption of online shopping platforms for purchasing readymade garments |
4.3 Market Restraints |
4.3.1 Intense competition from local and international readymade garment brands |
4.3.2 Fluctuating raw material prices impacting production costs |
4.3.3 Challenges in maintaining quality standards and meeting customer expectations |
5 India Readymade Garments Market Trends |
6 India Readymade Garments Market, By Types |
6.1 India Readymade Garments Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Readymade Garments Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 India Readymade Garments Market Revenues & Volume, By Formal Wear, 2021 - 2031F |
6.1.4 India Readymade Garments Market Revenues & Volume, By Casual Wear, 2021 - 2031F |
6.1.5 India Readymade Garments Market Revenues & Volume, By Sportswear, 2021 - 2031F |
6.1.6 India Readymade Garments Market Revenues & Volume, By Ethnic Wear, 2021 - 2031F |
6.1.7 India Readymade Garments Market Revenues & Volume, By Kidswear, 2021 - 2031F |
6.2 India Readymade Garments Market, By Material |
6.2.1 Overview and Analysis |
6.2.2 India Readymade Garments Market Revenues & Volume, By Cotton, 2021 - 2031F |
6.2.3 India Readymade Garments Market Revenues & Volume, By Polyester, 2021 - 2031F |
6.2.4 India Readymade Garments Market Revenues & Volume, By Spandex, 2021 - 2031F |
6.2.5 India Readymade Garments Market Revenues & Volume, By Silk, 2021 - 2031F |
6.2.6 India Readymade Garments Market Revenues & Volume, By Wool, 2021 - 2031F |
6.3 India Readymade Garments Market, By Age Group |
6.3.1 Overview and Analysis |
6.3.2 India Readymade Garments Market Revenues & Volume, By Adults, 2021 - 2031F |
6.3.3 India Readymade Garments Market Revenues & Volume, By Teenagers, 2021 - 2031F |
6.3.4 India Readymade Garments Market Revenues & Volume, By Young Adults, 2021 - 2031F |
6.3.5 India Readymade Garments Market Revenues & Volume, By All Ages, 2021 - 2031F |
6.3.6 India Readymade Garments Market Revenues & Volume, By Children, 2021 - 2031F |
6.4 India Readymade Garments Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 India Readymade Garments Market Revenues & Volume, By Department Stores, 2021 - 2031F |
6.4.3 India Readymade Garments Market Revenues & Volume, By Online Retail, 2021 - 2031F |
6.4.4 India Readymade Garments Market Revenues & Volume, By Specialty Stores, 2021 - 2031F |
6.4.5 India Readymade Garments Market Revenues & Volume, By Boutiques, 2021 - 2031F |
6.4.6 India Readymade Garments Market Revenues & Volume, By Hypermarkets, 2021 - 2031F |
6.5 India Readymade Garments Market, By Price Range |
6.5.1 Overview and Analysis |
6.5.2 India Readymade Garments Market Revenues & Volume, By Mid-Range, 2021 - 2031F |
6.5.3 India Readymade Garments Market Revenues & Volume, By Affordable, 2021 - 2031F |
6.5.4 India Readymade Garments Market Revenues & Volume, By Premium, 2021 - 2031F |
6.5.5 India Readymade Garments Market Revenues & Volume, By Luxury, 2021 - 2031F |
6.5.6 India Readymade Garments Market Revenues & Volume, By Budget, 2021 - 2031F |
7 India Readymade Garments Market Import-Export Trade Statistics |
7.1 India Readymade Garments Market Export to Major Countries |
7.2 India Readymade Garments Market Imports from Major Countries |
8 India Readymade Garments Market Key Performance Indicators |
8.1 Average order value (AOV) of online purchases for readymade garments |
8.2 Customer retention rate for readymade garment brands |
8.3 Percentage of repeat purchases from existing customers |
9 India Readymade Garments Market - Opportunity Assessment |
9.1 India Readymade Garments Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Readymade Garments Market Opportunity Assessment, By Material, 2021 & 2031F |
9.3 India Readymade Garments Market Opportunity Assessment, By Age Group, 2021 & 2031F |
9.4 India Readymade Garments Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
9.5 India Readymade Garments Market Opportunity Assessment, By Price Range, 2021 & 2031F |
10 India Readymade Garments Market - Competitive Landscape |
10.1 India Readymade Garments Market Revenue Share, By Companies, 2024 |
10.2 India Readymade Garments Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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