MarkNtel Advisors presents a comprehensive research report on the India Apparel and Footwear Market Size, Share, Analysis, Future expected to reach CAGR of 11.28% by 2028. Delving into a thorough analysis of the industry's changing dynamics, growth drivers, challenges, key trends, and lucrative opportunities. This study aims to provide stakeholders in the market with detailed insights, enabling them to make informed and strategic decisions that will yield higher revenues in the coming years. With a focus on delivering value, the report covers a wide range of aspects, ensuring a holistic understanding of the market landscape.

Unlocking Market Insights: Exploring Key Aspects in the India Apparel and Footwear Market Report (2023-2028)

• It analyzes the fluctuations in revenue across different segments and geographical regions, considering the evolving trends and purchasing patterns of end-users.
• The report highlights key developments, including the introduction of new services, expansion of product portfolios, revenue generation strategies of major players, stakeholder investments, and the role of governments.
• Additionally, it offers an unbiased overview of market trends, innovations, technological advancements, and fluctuations, as observed by industry experts.
• To ensure reliable data generation and analysis, the report utilizes tools such as SWOT (Strengths, Weaknesses, Opportunities, Threats) and PESTLE (Political, Economic, Social, Technological, Legal, and Environmental) analysis.
• The competitive landscape section of the report showcases the dynamic strategies employed by leading players to enhance profit margins and expand their market presence across different regions.

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Market Dynamic

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 HM (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.

Possible Restraint: Excessive Presence of Unorganized Players

The excessive presence of unorganized players in the market has negatively affected the sales of organized players across the country. It is majorly because, in India, the unorganized players have been selling products at lower prices, making it difficult for organized retail players to compete. Moreover, the unorganized players are often not subjected to regulations taxes, leading to offering greater profits had a negative impact on the organized players the market as a whole.

In addition, there has been an expansion of several markets in India that sell apparel and footwear from unorganized players, and consumers prefer them due to lower prices. As a result, the unorganized sector has hampered the growth of the organized retail market in the past is expected to continue to do so in the future due to increased competition for organized players.

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.

Key Trend: Amplifying Adoption of Sustainable Clothing Among Consumers

In recent years, India has witnessed a growing trend towards sustainable clothing, which can be attributed to the rising environmental awareness, coupled with consumer trends toward mindful conscious consumption. With the increasing awareness about environmental issues, people are becoming more conscious of the impact that their choices have on the planet, and are seeking out products that are environmentally-friendly. Moreover, the government has also been playing a major role in promoting sustainability in the clothing fashion industry. Through various initiatives and policies, the government is encouraging companies to adopt sustainable practices in their operations and supply chains, to promote eco-friendly products.

In response to these initiatives, many companies like Future Group, Shoppers Stop, Aditya Birla Retail, Arvind Brands, Lifestyle, etc., are taking steps to adopt sustainable practices in their operations and supply chains, in order to meet the expectations of consumers and stakeholders. Consequently, the growing trend towards sustainable clothing, which is driven by a combination of environmental awareness, consumer trends, and government initiatives, has been positively benefitting the market growth.

The competitive landscape of the Europe Probiotic Supplements Market depicts the dynamic scenario among industry players, highlighting their market positions, strategies, and initiatives. It encompasses an analysis of key competitors, their strengths, weaknesses, opportunities, and threats (SWOT analysis). The report also sheds light on the market share, product offerings, business expansion, collaborations, mergers and acquisitions, and other strategic activities undertaken by these players to gain a competitive edge. Additionally, it examines the competitive intensity, market barriers, and potential entry of new players, providing a comprehensive understanding of the market's competitive landscape.

-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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Segmentation Unveiled: Analyzing India Apparel and Footwear Market's Expansion and Mapping Demand, and Distribution across Geographies

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

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

By Region

-East

-West

-North

-South

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