India Apparel and Footwear Market Research Report: In-Depth Qualitative Insights, Industry Size, Explosive Growth Opportunity, Regional Analysis 2023-2028

April 5, 2024April 5, 2024 steveaus.smith

Table of Contents

India Apparel and Footwear Market Research Report: Forecast (2023-2028)

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.

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Market Dynamics

Growth Opportunity: Brands Offering Custom-fit Clothes to Create Opportunity for the Market

The menswear market in the country has been shifting from ready-made clothing to custom-made clothing in recent years. As more & more men who have been purchasing premium or luxury ready-made clothing desire to wear a shirt or a pair of pants that fit them exactly, the trend of custom-fit clothes is currently reviving in India. The term “custom-fit clothes” refers to any item of clothing that has been altered to fit a customer based on their measurements & preferences.

Made-to-measure services are available in India among luxury brands like Armani, Versace, Zegna, Cadini, and Canali, as well as premium brands like Raymond and Louis Philippe. Moreover, high-end companies like Creyate by Arvind Group have started offering bespoke tailoring to capitalize on the rising demand for custom-fit apparel among Indian males. Hence, the reviving trend of custom-fit apparel coupled with the amplifying presence of players in the segment is anticipated to create a significant opportunity for market growth in the forecasted years.

Leading Companies in India Apparel and Footwear Market:

-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

Segmentation of the Industry

The India Apparel and Footwear Market is highly fragmented and bifurcates into the following segmentations:

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

With potential share Apparels Category witnessed considerable growth in the India Apparel & Footwear Market during the historical years.

By Distribution Channel

-Store-Based Retailing

–Grocery Retailers

–Non-Grocery Specialists

–Mixed Retailers

-Non-Store Retailing

–Direct Selling

–Homeshopping

–E-Commerce

–Vending

Of them all, Store-based Retailing captured the substantial share of the India Apparel & Footwear Market during the historical years & is expected to experience significant growth in the forecast years as well.

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Regional Landscape

On the geographical front, the India Apparel and Footwear Market expands across the following:

By Region

-East

-West

-North

-South

On the geographical front, North America is expected to acquire the leading position with the largest revenue share during 2023-28.

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