A Quick Overview of India Apparel and Footwear Market
The key object of this report on the India Apparel and Footwear Market is to offer worthy data and a geographical perspective for predictions of market growth in the future. The recommendations added in this detailed report are insightful, and actionable offering a deep understanding of the industry. Moreover, it includes a comprehensive importance of aspects that have impacted the industry.
MarkNtel Advisors has recently studied an extensive market intelligence evaluation on the India Apparel and Footwear Market. Also, the newly released report exhibits an engaging format that comprises compelling graphs, tables, charts, and figures as well. These seamlessly combined visual aids are designed to support the clarity and accuracy of the details presented, offering analysts a deep knowledge of the topic at hand.
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India Apparel and Footwear Market Scenario:
The India Apparel & Footwear Market is projected to grow at a CAGR of around 11.28% during the forecast period, i.e., 2023-28. The apparel and footwear sector includes the production, distribution, and sale of clothing & footwear products. Apparels consist of clothing items like shirts, pants, dresses, jackets, etc., which range from everyday casual wear to fashionable & athletic wear. Footwear refers to the products like shoes, sandals, boots, sneakers, etc., that have been used for a long time to provide comfort & protection to the feet. In the apparel and footwear market, trends and fashion are constantly changing, and companies have been evolving to adapt quickly in order to stay relevant & meet the needs of consumers.
India Apparel and Footwear Market - Industry Dynamics, Size, And Opportunity Forecast To 2028:
Market Driver - Social Media Influence on Consumer Purchase Patterns
Social Media had a paramount impact on the growth of the India Apparel & Footwear market over the past few years. With the increasing time duration that consumers spent on these networking platforms, it became a great source of advertisement & created awareness among consumers. Most Brands like H&M (Hennes & Mauritz) India Pvt. Ltd, Bata India Ltd, etc., have been actively adopting it to spread awareness among consumers, which has been significantly escalating their sales over the historical years. These platforms allow companies to directly reach out to their target audience, reducing the need for middlemen.
Further, presence on these online platforms allows companies to engage with their customers & receive feedback on their products. This has led most companies, including Lifestyle International Pvt. Ltd, Bata India Ltd., Paragon Group Ltd, etc., to ensure their presence on these online platforms to follow trends in consumer styling. Hence, the escalating adoption of social media advertisement, coupled with rising consumer preferences to follow celebrities, is anticipated to uplift the sales of apparel & footwear across the country during the forecast years.
India Apparel and Footwear Market Segmentation Analysis:
India Apparel and Footwear Industry, analyzes, identifies, and highlights the main trends and drivers which are affecting each segment of the market. The market has been further divided into the following categories:
By Category
- Apparel
- Footwear
Age Group
- Less than 1 Year
- 1 to 2 Years
- 1 to 5 Years
- 6 to 10 Years
- 11 to 15 Years
- 16 to 20 Years
- 21 to 30 Years
- 30 to 50 Years
- Above 50 Years
By Distribution Channel
- Store-Based Retailing
- Grocery Retailers
- Non-Grocery Specialists
- Mixed Retailers
- Non-Store Retailing
- Direct Selling
- Homeshopping
- E-Commerce
- Vending
By Region
- East
- West
- North
- South.
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Who are the Key Market Players in the India Apparel and Footwear Market?
In the fast-changing India Apparel and Footwear Market, understanding what our competitors are doing is crucial. By carefully analyzing things, we figured out some of the dominating players in the industry. So, the top companies of the India Apparel and Footwear market ruling the industry are:
List of Key Companies Profiled:
- Aditya Birla Fashion & Retail Ltd
- Page Industries Ltd
- Relaxo Footwears Ltd
- Arvind Lifestyle Brands Ltd
- Lifestyle International Pvt Ltd
- Future Lifestyle Fashions Ltd
- Bata India Ltd
- Lux Hosiery Industries Ltd
- Paragon Group Ltd
- Rupa & Co
- H & M Hennes & Mauritz India Pvt Ltd
- Others.
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