Apparel and Footwear Specialist Retailers Market, India Apparel and Footwear Market Competition, Market Analysis, Forecast, Sales : Ken Research

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• Outlook Of Indias Fashion Industry In The Retail
  Sector Ken Research

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• The report titled Apparel and Footwear
  Specialist Retailers in India provides a
  comprehensive analysis of apparel and footwear
  retail industry in India, consumer shifts, growth
  sectors, market competition and market forecast.
• Industry Overview Whether one is in a city
  living a fast paced life or in a rural area
  living a slow and peaceful one, consumers are
  always rational when it comes to buying products.
  Except that habits and budget constraints can
  askew this assumption a bit. Whereas people with
  high budget and disposable income are seen
  spending their money on the luxury products by
  big international and domestic brands like
  Forever 21, Zara, Raymond. Adidas etc., people
  with limited disposable income are seen to choose
  and buy products according to the products value
  and worth with keeping up with the trends.
• Given all the differences in how people choose to
  spend, one thing that is constant is the growth
  rate of demand of apparels and footwear products
  in India since the last few years. As brand
  awareness increases, technology advances, social
  media penetration and globalisation eases its way
  into our markets with better management of
  outlets and product offerings, apparels and
  footwear market is now more affordable than ever
  for all budget levels. With affordability, comes
  fast fashion which changes with trends and
  increase in sales.
• Overall, the apparel and footwear industry has
  seen a boom of 9.7 percent making Indian fashion
  industry prominent in the retail sector since
  past few years.

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• Intersegment analysis With menswear and footwear
  holding the major shares the industry, i.e. 41
  percent, womens wear and footwear shares 38
  percent of the market with expected growth rate
  of 9.9. Kidswear and footwear being one of the
  fastest growing areas, it shares 21 percent of
  the market with an expected growth rate of 10.5.
• Region wise distribution The major market for
  apparels and footwear exists in urban areas like
  NCR Delhi, Mumbai, and Bengaluru etc. That said,
  since 70 percent of our population rests in rural
  areas, the market share states the high
  purchasing power of consumers in urban areas to
  buy quality products.
• In recent times, apparel and footwear companies
  have also been penetrating in smaller markets of
  tier 1 and 2 cities. What is still lacking in
  these markets is the presence of recognised and
  big brands. Price sensitivity and value purchases
  discourage brands to enter the market.

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• Trends The Indian apparel and footwear industry
  with its high growth rate and new opportunities
  in the market is witnessing several trends like
  shifting to sustainable and eco-friendly goods
  which has seen a good sale in recent years,
  producing tech-savvy goods possible with
  technological advances, increased sale on
  e-commerce platforms, increase in smart casuals
  trend etc.
• Future of Indian apparel and footwear Market
  Indian apparel and footwear market is expected to
  witness a significant growth and stay strong in
  future as the market recovers from the effects of
  demonetisation. The larger portion of the growth
  will come to organised players as consumers
  behaviour changes and they move from non branded
  products to branded items.

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• For more information, click on the link below
• https//www.kenresearch.com/consumer-products-and-
  retail/textile-apparel-and-footwear/apparel-footwe
  ar-specialist-retailers-india/144338-95.html
• Related Reports-
• https//www.kenresearch.com/consumer-products-and-
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• https//www.kenresearch.com/consumer-products-and-
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• Contact Us-
• Ken Research
• Ankur Gupta, Head Marketing Communications
• sales_at_kenresearch.com
• 0124-4230204

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