Clothing And Footwear in India
Euromonitor International's Clothing And Footwear in India market report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market - be they new product developments, packaging innovations, economic/lifestyle influences, distribution or pricing issues. Forecasts illustrate how the market is set to change.
Tables: 58 | Publication date: Oct 2009
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Executive summary
Despite recession Indian clothing and footwear market holds on
Indian clothing market managed to hold on despite the economic recession and grew in high double digits for most of the clothing and footwear market subsectors such as men’s wear, women’s wear and children’s wear. The domestic demand for clothing and footwear market in India was helped by the impressive growth in organised retailing that was fast expanding into Indian tier two cities as well. The growth in clothing and footwear was driven by a young population with higher disposable incomes residing in urban and semi-urban India. Despite the recession impacting the Western countries, the Indian gross domestic product (GDP) managed to grow around 6.5% in 2008 and this immensely helped the clothing and footwear market to stay on growth trajectory.
Rising income levels and demand from young population helps market to grow
The clothing and footwear market in India benefited due to rising income levels of the Indian middle class who are contributing to a very fast growing Indian economy. Though towards the end of the year recession did hit, the youth continued to shop as they had fewer liabilities and more disposable incomes.
Women’s wear, children wear and accessories grows at fast pace
The most important factor driving the demand for clothing and accessories in India was the demand for traditionally ignored sectors such as women’s wear, children wear and clothing accessories. Demand for women and children wear grew due to increased number of working woman who had financial independence and demanded easy to carry clothes that fit well. A lot of existing brands launched western style wear for working women in the review period as the demand for western outfits for women grew at a fast pace in India. Demand for children’s wear grew due to increased availability of children’s wear brands and the impact of television advertising on children.
Increased retailing space helps private labels to dominate
The market for clothing and footwear remained fragmented with many players operating and none having a market value share in double digits. But due to a rise in retailing activities, the Indian clothing market witnessed unprecedented growth for private labels. Private labels also grew as they provided the people with the right price points and were cheaper than other regular brands. Also, the recession urged people to look at best value deals and private labels grew as they claimed to provide best quality at cheaper prices. The retailing chains such as Pantaloons, Megamart, Spencers and Lifestyle, all had their private labels selling alongside other branded clothes in their stores.
Styling along quality and comfort to become important in forecast period
Factors such as rising per capita income, exposure to international trends, rising retailing chains and increasingly financially independent women and an exploding youth population are expected to drive the Indian clothing and footwear market in the forecast period. The styling is likely to become increasingly important as people will become fashion conscious and are likely to be willing to pay more for good style. Quality and comfort are other two factors that are likely to help marketers to hold its own in the increasingly competitive Indian clothing and footwear market.
Table of contents
CLOTHING AND FOOTWEAR IN INDIA : MARKET INSIGHT
EXECUTIVE SUMMARY
Despite recession Indian clothing and footwear market holds on
Rising income levels and demand from young population helps market to grow
Women’s wear, children wear and accessories grows at fast pace
Increased retailing space helps private labels to dominate
Styling along quality and comfort to become important in forecast period
KEY TRENDS AND DEVELOPMENTS
Rising economic prosperity helps clothing and footwear market to grow
Organised retailing boom creates big market for private labels
Womenswear benefits due to rise in number of working woman
With quality and comfort, styling too becomes important
Recession forces marketers to focus on discount stores
MARKET DATA
Table 1 Sales of Clothing and Footwear by Sector: Volume 2003-2008
Table 2 Sales of Clothing and Footwear by Sector: Value 2003-2008
Table 3 Sales of Clothing and Footwear by Sector: % Volume Growth 2003-2008
Table 4 Sales of Clothing and Footwear by Sector: % Value Growth 2003-2008
Table 5 Clothing and Footwear Company Shares 2004-2008
Table 6 Clothing and Footwear Brand Shares 2005-2008
Table 7 Sales of Clothing and Footwear by Distribution Format: % Analysis 2003-2008
Table 8 Forecast Sales of Clothing and Footwear by Sector: Volume 2008-2013
Table 9 Forecast Sales of Clothing and Footwear by Sector: Value 2008-2013
Table 10 Forecast Sales of Clothing and Footwear by Sector: % Volume Growth 2008-2013
Table 11 Forecast Sales of Clothing and Footwear by Sector: % Value Growth 2008-2013
DEFINITIONS
Clothing
Footwear
Summary 1 Research Sources
LOCAL COMPANY PROFILES - INDIA
ARVIND MILLS LTD - CLOTHING AND FOOTWEAR - INDIA
STRATEGIC DIRECTION
KEY FACTS
Summary 2 Arvind Mills Ltd: Key Facts
Summary 3 Arvind Mills Ltd: Operational Indicators
COMPANY BACKGROUND
PRODUCTION
Summary 4 Arvind Mills Ltd: Production Statistics 2007
COMPETITIVE POSITIONING
Summary 5 Arvind Mills Ltd: Competitive Position 2008
BATA INDIA LTD - CLOTHING AND FOOTWEAR - INDIA
STRATEGIC DIRECTION
KEY FACTS
Summary 6 Bata India Ltd: Key Facts
Summary 7 Bata India Ltd: Operational Indicators
COMPANY BACKGROUND
PRODUCTION
COMPETITIVE POSITIONING
Summary 8 Bata India Ltd: Competitive Position 2007
MAXWELL INDUSTRIES LTD - CLOTHING AND FOOTWEAR - INDIA
STRATEGIC DIRECTION
KEY FACTS
Summary 9 Maxwell Industries Ltd: Key Facts
Summary 10 Maxwell Industries Ltd: Operational Indicators
COMPANY BACKGROUND
PRODUCTION
COMPETITIVE POSITIONING
Summary 11 Maxwell Industries Ltd: Competitive Position 2008
PANTALOON RETAIL INDIA LTD - CLOTHING AND FOOTWEAR - INDIA
STRATEGIC DIRECTION
KEY FACTS
Summary 12 Pantaloon Retail India Ltd: Key Facts
Summary 13 Pantaloon Retail India Ltd: Operational Indicators
COMPANY BACKGROUND
PRODUCTION
COMPETITIVE POSITIONING
Summary 14 Pantaloon Retail India Ltd: Competitive Position 2008
RAYMOND APPAREL LTD - CLOTHING AND FOOTWEAR - INDIA
STRATEGIC DIRECTION
KEY FACTS
Summary 15 Raymond Apparel Ltd: Key Facts
Summary 16 Raymond Apparel Ltd: Operational Indicators
COMPANY BACKGROUND
PRODUCTION
Summary 17 Raymond Apparel Ltd: Production Statistics 2007
Summary 18 Raymond Apparel Ltd: Production Statistics 2007- Readymade garments
COMPETITIVE POSITIONING
Summary 19 Raymond Apparel Ltd: Competitive Position 2008
CLOTHING IN INDIA
HEADLINES
TRENDS
COMPETITIVE LANDSCAPE
PROSPECTS
New Product Developments
Summary 20 New Product Launches 2007- 2008
SECTOR DATA
Table 12 Sales of Clothing by Subsector: Volume 2003-2008
Table 13 Sales of Clothing by Subsector: Value 2003-2008
Table 14 Sales of Clothing by Subsector: % Volume Growth 2003-2008
Table 15 Sales of Clothing by Subsector: % Value Growth 2003-2008
Table 16 Sales of Men’s Outerwear by Type 2003-2008
Table 17 Sales of Women’s Outerwear by Type 2003-2008
Table 18 Sales of Childrenswear by Type 2003-2008
Table 19 Clothing Company Shares 2004-2008
Table 20 Clothing Brand Shares 2005-2008
Table 21 Sales of Clothing by Distribution Format: % Analysis 2003-2008
Table 22 Forecast Sales of Clothing by Subsector: Volume 2008-2013
Table 23 Forecast Sales of Clothing by Subsector: Value 2008-2013
Table 24 Forecast Sales of Clothing by Subsector: % Volume Growth 2008-2013
Table 25 Forecast Sales of Clothing by Subsector: % Value Growth 2008-2013
FOOTWEAR IN INDIA
HEADLINES
TRENDS
COMPETITIVE LANDSCAPE
PROSPECTS
New Product Developments
Summary 21 New Product Launches 2007- 2008
SECTOR DATA
Table 26 Sales of Footwear by Subsector: Volume 2003-2008
Table 27 Sales of Footwear by Subsector: Value 2003-2008
Table 28 Sales of Footwear by Subsector: % Volume Growth 2003-2008
Table 29 Sales of Footwear by Subsector: % Value Growth 2003-2008
Table 30 Sales of Footwear by Type 2003-2008
Table 31 Footwear Company Shares 2004-2008
Table 32 Footwear Brand Shares 2005-2008
Table 33 Sales of Footwear by Distribution Format: % Analysis 2003-2008
Table 34 Forecast Sales of Footwear by Subsector: Volume 2008-2013
Table 35 Forecast Sales of Footwear by Subsector: Value 2008-2013
Table 36 Forecast Sales of Footwear by Subsector: % Volume Growth 2008-2013
Table 37 Forecast Sales of Footwear by Subsector: % Value Growth 2008-2013