India Apparel and Footwear Market Size & Growth Analysis: Current Trends and Future Prospects (2023-28)

Among the recent reports from MarkNtel Advisors, the ” India Apparel and Footwear Market Analysis, 2023-2028” offers a detail-driven analysis of the current & future scenarios of the industry, including market size, drivers, challenges, opportunities, threats, regional shares, & key competitors, among others.

According to the study, the India Apparel and Footwear Market size is set to register around 11.28% CAGR during 2023-28. With this report, our domain-specific experts & dedicated analysts aim to provide stakeholders with detailed insights into the constant fluctuations in the market growth trajectory and what to expect in the forecasted period, helping them thrive in the industry.

Moreover, the report incorporates detailed information on the major Factors influencing the India Apparel and Footwear Market dynamics across different segments/sub-segments & geographies, along with the competitive landscaping, current trends, recent developments, and various strategies adopted by top industry participants for revenue generation.

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Market Dynamics:

Key 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.

Major Highlights from the India Apparel and Footwear Market Research Report

• Highlights on market drivers, restraints, and opportunities
• Examination of business strategies and market shares
• Profiling of the India Apparel and Footwear Market leaders, including their mergers & acquisitions and the key strategies adopted
• Insights into the regulatory scenario and regional dynamics
• Detailed assessment on investment & revenue generation strategies
• Identification of high-growth segments and geographies in the India Apparel and Footwear Market
• Latest trends, developments, and other relevant factors

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India Apparel and Footwear Market: Key Segments | Regions/Countries | Competitor Analysis

This section of the report intends to provide stakeholders with insights into high-growth segments and help them devise winning strategies to stay competitive in the industry. Technical trends, downstream & upstream value chain analysis, along with Porter's five forces analysis are the major pointers considered while forecasting the market scenario for individual regions/countries. The India Apparel and Footwear Market segmentation is as follows:

By Category

-Apparel

-Footwear

Age Group

-Less than 1 Year

-1.1 to 2 Years

-2.1 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

Geographically, the India Apparel and Footwear Market extends across:

By Region

-East

-West

-North

-South

In addition, the research study includes the leading India Apparel and Footwear Market companies, their financials, market shares, resources, recent developments, revenue generation strategies, strategic partnerships, and significant mergers & acquisitions in recent years. While profiling the companies, elements like key performance indicators, latest trends, product/service offerings, risk analysis, and SWOT analysis were considered extensively.

Leading India Apparel and Footwear Market companies –

-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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Note: We also offer customized reports tailored to the specific requirements of our clients, which incorporate reliable insights into the market dynamics in a particular segment, geographic location, or a competitor.

India Apparel and Footwear Market Report: Frequently Asked Questions

·        What was the India Apparel and Footwear Market size in the historical period?

·        At what CAGR the India Apparel and Footwear Market is expected to grow during 2023-28?

·        In which segments/regions, the India Apparel and Footwear Market share is projected to be the highest through 2028?

·        Which companies hold the India Apparel and Footwear Market share, and what are their revenue generation strategies?

·        What are the major India Apparel and Footwear Market growth restraints expected during 2023-28?

·        Which trends are expected to create the India Apparel and Footwear Market growth opportunities?

About us –

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.

We understand the mounting & diverse needs of our clients. Hence, our analysts focus on emerging industries to provide services that fulfill their assessment of the current & future industry potential, identify white spaces & hotspots, & venture into new geographies or business segments in the future.

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