India Apparel and Footwear Market Outlook to 2030
Region:Asia
Product Code:AM68
Published On
April 2011
Total pages
57
About the Report
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Executive Summary
Executive Summary
The report titled “India Apparel and Footwear Market Outlook to 2015” provides a comprehensive analysis of the Indian apparel and footwear industry. The report covers the market size of the apparel industry, segmentation on the basis of product, industry structure and demographics, SWOT analysis and future outlook of the apparel industry. It offers market information of the footwear industry, segmentation, SWOT analysis, and future outlook. The report also entails information on the sportswear market and various macroeconomic indicators’ current and future projections.
The size of the Indian apparel market has increased from USD 17,803 million in 2003 onwards to USD 32,458 million in 2009 at a CAGR of 10.5%. During 2007-2009, the industry registered a double-digit growth rate.
The country has witnessed an increase in consumer expenditure on apparel. Individuals have become more conscious regarding their outerwear and are willing to spend more on apparel. The rising population along with the increase in the disposable income of the consumers has led to the increase in the expenditure in the apparel sector. Over the years the expenditure has increased from USD 16.2 in 2003 to USD 27.2 in 2009, registering a CAGR of 9.0%.
Menswear was the largest segment with a market share of 43.1% and a value of USD 13,974 million. Out of the total apparel market of USD 32,458 million, Womenswear commands a market share of 37.5% followed by Kidswear boys with 10.2% and Kidswear girls with 9.2%.
Sarees and ladies' suits comprised the bulk of the Womenswear segment with a total share of more than 70%. Sarees was the biggest segment with a share of 41.6% followed by ladies suits with 28.9%. Innerwear was the third largest segment with a share of 11.2%. Denim and T-shirts constituted a small market share of 0.7% each. Others constituted a market share of 1.3% of the total womenswear market.
In 2009, the sportswear market stood at USD 517 million. The mounting popularity of sports, increase in personal disposable income, and change in lifestyle are the major catalyst for the growth. It is expected that with this rising popularity, the Indian sportswear market will grow at a 6-year compound annual growth rate (CAGR) of 22.8% from USD 517 million in 2009.
India Footwear market has shown phenomenal growth of 17.7% historically during the period of 2003 to 2009 from USD 1,641 million in 2003 to USD 4,367 million in 2009. The market has shown strong double-digit growth since 2003 and has been resilient during the financial crisis witnessed in the country in 2009. The market has registered a rise of 18.7% in 2009 from USD 3,679 million in 2008.
Scope of Research
The report will entail thorough analysis and offers valuable insights into the apparel and footwear industry in India. The scope of the report includes:
- The market size of the Indian apparel and footwear industry in USD, 2003 to 2015
- Consumer Expenditure on apparel and footwear per capita in USD for India, 2003 to 2015
- Consumer Expenditure on apparel and footwear as a % of GDP in USD for India, 2003 to 2015
- Market segmentation on the basis of Product (Menswear, Womenswear, Kidswear boys and girls), Industry Structure and Demographics in India, 2009
- SWOT Analysis of Apparel and Footwear Industry in India
- The market size of the sportswear industry in USD for India, 2009 to 2015
- Current and Projections of the various Macro-Economic Indicators, 2009 to 2012
- Valuable Insights and Future Outlook of the apparel and footwear industry in India.
Scope of the Report
Products
Apparel, Footwear, Sportswear, Womenswear, Menswear, Kidswear
Companies
A
Table of Contents
1.India Apparel and Footwear Market Introduction
2.India Apparel and Footwear Market Size by Value, 2003-2015
3.India Consumer Expenditure on Apparel and Footwear per Capita, USD, 2003-2015
4.India Apparel and Footwear Expenditure as a % of GDP, 2003-2015
5.India Apparel Market
5.1.India Apparel Market Size by Value, 2003-2015
5.2.India Consumer Expenditure on Apparel per Capita, USD, 2003-2015
5.3.India Apparel Expenditure as a % of GDP, 2003-2015
5.4.India Apparel Market Segmentation
5.4.1.By Product, 2009 and 2015
5.4.1.1.India Menswear Market Segmentation By Product, 2009
5.4.1.2.India Womenswear Market Segmentation by Product, 2009
5.4.1.3.India Kidswear (Boys) Market Segmentation by Product, 2009
5.4.1.4.India Kidswear (Girls) Market Segmentation by Product, 2009
5.4.2.By Industry Structure, 2009 and 2015
5.4.3.By Demographics, 2009
5.5.SWOT Analysis of Indian Apparel Market
5.5.1.Strengths
5.5.1.1.Rising Disposable Income of the Individuals
5.5.1.2.Brand Loyalty Among the Customers
5.5.1.3.Easy and Inexpensive Accessibility of Finance
5.5.1.4.Increase in Number of Malls
5.5.2.Weaknesses
5.5.2.1.Predominance of Unorganized Sector
5.5.2.2.Lack of Innovative Technology in Supply Chain Managment
5.5.2.3.Increasing Competition
5.5.3.Opportunities
5.5.3.1.Rise in the Consumption of Luxury Brands by Middle Class
5.5.3.2.Innovation in the Desgining Capabilities
5.5.3.3.Increasing Importance of Product Development
5.5.4.Threats
5.5.4.1.Rise in Competition from Overseas Players
5.5.4.2.Low Priced Imports
5.5.4.3.Competition from Chinese Apparel Products
5.6.Indian Apparel Market Future Outlook
5.6.1.Anticipated Incline in the Exports
5.6.2.Anticipated Incline in the Consumer Expenditure on Apparel Sector
5.6.3.Growth of the Womenswear Segment
6.India Sportswear Market
6.1.India Sportswear Market Size by Value, 2009-2015
6.2.India Sportswear Market Future Outlook
7.India Footwear Market
7.1.India Footwear Market Size by Value, 2003-2015
7.2.India Consumer Expenditure on Footwear per Capita, USD, 2003-2015
7.3.India Footwear Expenditure as a % of GDP, 2003-2015
7.4.India Footwear Market Segmentation, 2009
7.5.SWOT Analysis of Indian Footwear Market
7.5.1.Strengths
7.5.1.1.Adequate Production Capacity for Leather Tanning
7.5.1.2.Easy Accessibility of Cheap Labor
7.5.1.3.Rise in the Exports
7.5.1.4.Tax Benefits by Government on Footwear Manufacturing Machinery
7.5.1.5.Strong Relationship with Clients in Europe and North America
7.5.2.Weaknesses
7.5.2.1.Low Technology Advancement and Integration
7.5.2.2.Low Labour Output due to Insufficient Training
7.5.2.3.Environmental Controls and Restrictions
7.5.3.Opportunities
7.5.3.1.Mounting Preference for Fashionable Footwear
7.5.3.2.Developing Overseas and Local Market
7.5.3.3.Quality Supplies and Timely Deliveries
7.5.4.Threats
7.5.4.1.Low barriers to Entry
7.5.4.2.Intense Competition from Other Countries
7.5.4.3.Constantly Changing Fashion Trends and Preferences
7.6.India Footwear Market Future Outlook
8.Macro Economic Indicators: Current and Projections
8.1.Demographic Distribution of Population on the basis of Age and Gender, 2009-2012
8.2.Personal Disposable Income and Number of Households in India, 2009-2012
8.3.Distribution of Income among Households, 2009-2012
8.4.Consumer Spending Patterns, 2010
8.5.Cause and Effect Relationship between Macro-economic Factors and Apparel and Footwear Market
9.Appendix
9.1.Market Definition
9.2.Abbreviations
9.3.Disclaimer
Research Methodology
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