Changing Fashion Trends Amplifies Apparel and Footwear Market in India

Markntel Advisors present the latest study on India Apparel and Footwear Market, covering extensive, in-depth analysis of the ongoing trends, opportunities/ high growth areas, and market drivers, which could help stakeholders to devise and align market strategies according to the future market dynamics. The overall analysis covers an overview of the industry policies, market fluctuations, and the cost structure of the products available.

According to the India Apparel and Footwear Market Research Report: Forecast (2023-2028), “The market is projected to grow at a CAGR of around 11.28% during the forecast period, predominantly driven by the evolving fashion trends taking over the country with the growing prevalence of social media, leading to consumers showcasing various outfits and dresses. Additionally, as a reaction to Covid 19 Pandemic, there has been an increase in fitness clubs, activities, and participation, augmenting demands for comfortable clothing and footwear for exercising. Furthermore, a rising disposable income with changing consumer preferences adds to the market expansion.”

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Competitive Landscape

Our research covers competitors:

•         Company Profile

•         Main Business Information

•         SWOT Analysis

•         Sales, Revenue, Price and Gross Margin

•         Market Share

The major players, among whom the India Apparel and Footwear Market fluctuates, are 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, and Others.

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Changing Spending Habits and Popularity of Trendy Clothes Pushes Apparel Demands

The distinct diversification and articulations of the industry are classified into further segments so the stakeholder can obtain detailed information about factors affecting the market along with various factors affecting the elements which lead to fluctuations in the market. Segment-wise, India Apparel and Footwear Market spreads across the following:

  • 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

“In Category, Apparel witnessed considerable growth in the historical years and is anticipated to continue to grow similarly in the coming years, attributing to the rise in comfortable casual clothing and sportswear. Besides, consumer preference towards stretchable and breathable fabric with loose fit further augments the demand for apparel. Moreover, the rise in spending among the population owing to the increasing disposable income in combination with market players launching and introducing new, innovative products is also accelerating the industrial expansion.”, further states the research report by Markntel Advisors.

Customize and Alter:

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Want To Customized This Study Report As Per Your Specific Requirement, Sent Your Request Here – https://www.marknteladvisors.com/query/talk-to-our-consultant/india-apparel-and-footwear-market.html

About MarkNtel Advisors

We are 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.

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