Latest 2023 Developments of the India Sportswear Market

India Sportswear Market has been growing rapidly in recent years due to increasing health consciousness and fitness trends among consumers. This sector has been working effortlessly and become an essential part of the Asia Pacific Sportswear Market. The market is also being driven by the popularity of various sports and fitness activities, as well as the rising disposable income of consumers. Athleisure wear has gained widespread popularity, as it combines style with comfort, making it suitable for everyday wear. Additionally, several international sportswear brands have entered the Indian market in recent years, which has further fueled the India Sportswear Market growth. Online sales have also seen a surge in recent times, as more and more consumers prefer to shop for sportswear through e-commerce platforms.

With increasing awareness about the importance of physical activity, more people are taking up sports and fitness activities, driving the demand for sportswear. The e-commerce sector in India is growing rapidly, making it easier for consumers to purchase sportswear products online. With growing incomes, consumers are spending more on sportswear and other fitness-related products. India has been hosting a number of international sports events, such as the Indian Premier League (IPL) and the Indian Super League (ISL), which are driving the demand for sportswear in India. 

India Sportswear Market Synopsis

India Sportswear Market has registered significant growth over the last five years owing to the increase in the share of the urban population along with the rising disposable personal income of people. Growing economic standards, changing lifestyles and increasing awareness about fitness is leading to an increase in sales of sportswear. Moreover, the rise in the number of people using e-commerce has led to a further increase in demand for the India sportswear market. The market has seen a halt owing to the massive outbreak of COVID-19 which resulted in nationwide lockdowns to combat the spread of the virus and has led to a decline in the overall India Sportswear market growth. Surging disposable income coupled with increasing awareness regarding health and wellness is driving the growth of the market. Moreover, the introduction of unique and innovative products by the manufacturers in the market is adding to the India Sportswear market share.

According to 6Wresearch, India Sportswear Market size is projected to grow at a CAGR of 4.7% during 2020-2026. The Sportswear Industry in India has registered a decline in demand during 2020 on account of the outbreak of COVID-19 which has led to the lockdown in the country. However, increasing awareness towards health and a surge in the online sportswear market along with recovery of economic conditions are anticipated in the sportswear market of India post-2020. The increase in online shopping during the pandemic has also had a positive effect on Sportswear Market in India. There is high competition in the sportswear industry in India, owing to the rising growth opportunities.

Market Analysis By Types

Based on product types, the market is segmented into apparel, footwear, gear, and accessories. The footwear segment is the leading contributor to the India sportswear market followed by the apparel segment. The gear and accessories segment has gained a massive chunk of the overall market revenues in 2019 and is projected to expand during the forecast period.

Market Analysis by Distribution Channel

Based on the distribution channel, the market is segmented into online and retail outlets. The retail outlet's segment is dominating the market revenues in 2019 on account of the availability of a wide number of options and assistance from sales executives. However, the online channel is expected to be the fastest-growing segment owing to the increasing number of smartphones and internet users, the fast-paced lifestyle, and the growing popularity of e-commerce. 

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2016 to 2019.
• Base Year: 2019
• Forecast Data until 2026.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects

Key Highlights of the Report

• India Sportswear Market Overview
• India Sportswear Market Outlook
• India Sportswear Market Forecast
• Historical Data of India Sportswear Market Revenues for the Period 2016-2019
• India Sportswear Market Size and INDIA Sportswear Market Forecast of Revenues, Until 2026
• Historical Data of India Sportswear Market Revenues, by Product Types, for the Period 2016-2019
• Market Size & Forecast of India Sportswear Market Revenues, by Product Types, Until 2026
• Historical Data of India Sportswear Market Revenues, by Distribution Channel, for the Period 2016-2019
• Market Size & Forecast of India Sportswear Market Revenues, by Distribution Channel, Until 2026
• Historical Data of India Sportswear Market Revenues, by Demographics, for the Period 2016-2019
• Market Size & Forecast of India Sportswear Market Revenues, by Demographics, Until 2026
• Market Drivers and Restraints
• India Sportswear Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• India Sportswear Market Share, By Players
• India Sportswear Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Product Types:

• Footwear
• Apparels
• Gears
• Accessories

By Distribution Channels:

• Online
• Offline

By Demographics:

• Men
• Women
• Children

Frequently Asked Questions About the Market Study:

1. Does the report consider COVID-19's impact?

The report not only has considered COVID-19 impact but also current market dynamics, trends and KPIs into consideration.

2. How much growth is expected in the India Sportswear Market over the coming years?

The India Sportswear Market revenue is anticipated to record a CAGR of 4.7% during 2020-2026.

3. Which segment has captured a key share of the market?

The gear and Accessories segment is the leading market segment in the overall market revenues in the year 2019.

4. Which segment is exhibited to gain traction over the forecast period?

The retail outlet segment is expected to record key growth throughout the forecast period 2020-2026.

5. Who are key the key players in the market?

The key players of the market include- Adidas AG, Nike, Inc., Puma SE, Ralph Lauren Corporation, Under Armour, Inc., Umbro, Ltd., Fila, Inc., Lululemon Athletica Incorporation, New Balance Athletic Shoe, Inc., and Columbia Sportswear Company.

6. Is customization available in the market study?

Yes, we can do customization as per your requirements. Please feel free to write to us at sales@6wresearch.com for any customized or any other requirements

7. We also want to have market reports for other countries/regions.

6Wresearch has a database of more than 60 countries globally, which can make us your first choice for all your research needs.