India Apparel Market (2023-2029) | Value, Size, Trends, Companies, Industry, Growth, Forecast, Analysis, COVID-19 IMPACT, Share & Revenue

Topics Covered in the India Apparel Market

India Apparel Market report thoroughly covers the market by end user and by type. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

India Apparel Market Synopsis

The India apparel market stands as a dynamic and diverse industry with a rich tapestry of traditional and modern clothing styles. It caters to a wide range of demographics, including diverse cultural preferences and fashion trends. The market has witnessed an increasing demand for sustainable and ethical fashion, reflecting the global shift towards responsible clothing consumption.

According to 6Wresearch, the India Apparel Market size is projected to reach a CAGR of 16.1% during the forecast period 2023-2029. The India apparel market is primarily driven by the country`s large and diverse population, which leads to a wide consumer base with varying fashion preferences. Changing lifestyles, urbanization, and the influence of Western fashion have led to a significant shift in consumer choices. Despite the market growth, some challenges that exist in the market can hamper the its growth are competition from international brands, and supply chain disruptions.

International brands and fast fashion have also entered the India market, intensifying competition. Supply chain disruptions, whether due to logistical issues or external factors like the COVID-19 pandemic, can affect production and distribution. However, the growing trends are creating growth prospects for the India Apparel industry, one such is the rising e-commerce boom has made it easier for consumers to access a wide range of clothing options. Moreover, the rising disposable incomes of the middle class and the emergence of fast fashion have boosted the demand for apparel. As people seek to express their individuality through clothing, the apparel market continues to expand.

Government Initiatives introduced in the India Apparel Market

India Apparel Market revenue is likely to secure a double-digit growth due to introduction of several initiatives. One of the significant initiatives is the Technology Upgradation Fund Scheme aims to faciliates credit to textile and apparel firms to upgrade their manufacturing technology. The scheme has been instrumental in modernizing the industry, helping firms improve quality, reduce costs, and increase productivity. Another is the National Textile Policy, aims to increase the size of the textile and apparel industry in India. The policy introduces various measures to achieve this goal, such as providing incentives to create a textile industry cluster, modernizing infrastructure, and supporting research and development.

Key Players in the India Apparel Market

In the India apparel market, prominent players like Aditya Birla Fashion & Retail Limited, Reliance Industries, and Future Retail Limited are major contributors. They operate a variety of popular apparel brands and retail outlets, offering a diverse range of clothing for men, women, and children. These companies play a pivotal role in shaping the fashion landscape in India and meeting the clothing needs of a vast and diverse consumer base.

Market Analysis by End User

According to Shivankar, Research Manager, 6Wresearch, the kid's end-user segment is the fastest-growing segment in the Indian apparel industry. The demand is driven by the rising disposable income, and expansion of online retailers.

Market Analysis by Type

Based on the type, the sportswear segment is growing at an impressive rate. Consumers are choosing sportswear underpinned by rising shift with changing lifestyle preferences and the sportswear industry's strong marketing efforts.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• India Apparel Market Outlook
• Market Size of India Apparel Market, 2022
• Forecast of India Apparel Market, 2029
• Historical Data and Forecast of India Apparel Revenues & Volume for the Period 2019 - 2029
• India Apparel Market Trend Evolution
• India Apparel Market Drivers and Challenges
• India Apparel Price Trends
• India Apparel Porter's Five Forces
• India Apparel Industry Life Cycle
• Historical Data and Forecast of India Apparel Market Revenues & Volume By End User for the Period 2019 - 2029
• Historical Data and Forecast of India Apparel Market Revenues & Volume By Men for the Period 2019 - 2029
• Historical Data and Forecast of India Apparel Market Revenues & Volume By Women for the Period 2019 - 2029
• Historical Data and Forecast of India Apparel Market Revenues & Volume By Kids for the Period 2019 - 2029
• Historical Data and Forecast of India Apparel Market Revenues & Volume By Type for the Period 2019 - 2029
• Historical Data and Forecast of India Apparel Market Revenues & Volume By Formal Wear for the Period 2019 - 2029
• Historical Data and Forecast of India Apparel Market Revenues & Volume By Casual Wear for the Period 2019 - 2029
• Historical Data and Forecast of India Apparel Market Revenues & Volume By Sports Wear for the Period 2019 - 2029
• Historical Data and Forecast of India Apparel Market Revenues & Volume By Night Wear for the Period 2019 - 2029
• Historical Data and Forecast of India Apparel Market Revenues & Volume By Other for the Period 2019 - 2029
• India Apparel Import Export Trade Statistics
• Market Opportunity Assessment By End User
• Market Opportunity Assessment By Type
• India Apparel Top Companies Market Share
• India Apparel Competitive Benchmarking By Technical and Operational Parameters
• India Apparel Company Profiles
• India Apparel Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By End User

• Men
• Women
• Kids

By Type

• Formal Wear
• Casual Wear
• Sports Wear
• Night Wear
• Other