Future Growth Led by Inclining Contribution of Men’s Denim wear and
Casual Footwear.
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| India Men’s Apparel Market |
The men’s apparel and footwear industry has showcased a
stupendous progress over the period of 2006-2012. The growth of the apparel and
footwear market in India has been driven by a rising awareness of international
brands and increasing trends of fashion amongst the male segment of the population.
Furthermore, India’s enlarging male population has provided a strong impetus to
the demand for men’s apparel and footwear in the recent years. Over the past
few years, India has been showcasing a gradual rise in the number of middle
class population. The urban middle class section of the population of India has
been the largest buyer of men’s apparel and footwear with increasing spending
capacity due to rising disposable income in the recent years.
India men’s apparel and footwear market has showcased an
upward thrust in terms of growth, inclining at the rate of ~% in 2012. During this
year, the men’s apparel and footwear market registered revenues worth USD ~ million, growing
from USD ~ million in 2011. Traditionally men used to wear suits, sherwani’s
and traditional long coats during special festive occasions and celebrations
which have been now replaced with western style jackets and collared shirts.
The male population in the country is inclined more towards the purchase of
clothes for a specific purpose. The apparel industry in the country has
provided a wide variety of clothes for different occasions and purpose to the
people.
According to the research report “India Men’s Apparel and Footwear Market Outlook
to 2017” by Ken Research, the India Men’s apparel and footwear market would
grow at a considerable CAGR, exceeding USD 43,372.3 million by 2017.
“Indian
men’s shirt market has been historically dominated by the local players.
However, the organized market for men’s shirts in the country has witnessed a
revamp with the arrival of leading global apparel manufacturers as well as
increasing joint ventures with domestic players in apparel space”, according to
the Research Analyst, Ken Research.
The report provides detailed overview on the men’s apparel
and footwear market in India and helps
readers to identify the ongoing trends in the industry and anticipated growth
in future depending upon changing industry dynamics in coming years. The report
will help industry consultants, apparel and footwear manufacturers, retailers and
other stakeholders align their market centric strategies according to ongoing
and expected trends in future.
