Home / Knowledge / News / Apparel/Garments / Indian apparel market to grow at 12.65% CAGR in 2012-2016
Indian apparel market to grow at 12.65% CAGR in 2012-2016
10
Feb '14
Research and Markets latest report forecasts the Apparel market in India to grow at a CAGR of 12.65 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing urbanization in India. 
 
The Apparel market in India has also been witnessing increasing online retail sales. However, the increase in the number of counterfeit apparels could pose a challenge to the growth of this market.
 
The key vendors dominating this space include Aditya Birla Nuvo Ltd., Arvind Ltd., and The Raymond Group.
 
The other vendors mentioned in this report are Alok Industries Ltd., Bombay Dyeing & Mfg. Co. Ltd., Mafatlal Industries Ltd., Monte Carlo Fashion Ltd., and Reliance Industries Ltd.
 
Commenting on the report, an analyst from the team said: E-commerce is a medium of buying and selling products and services through electronic mediums such as the internet. There were approximately 138 million internet users in India in 2012 and the number is expected to grow with the penetration of the internet during the forecast period. 
 
Indian consumers are price-sensitive and value-conscious while purchasing apparels. They intend to shop online as it provides them ease of delivery and added discounts compared to store-based outlets.
 
Currently, online apparel retail constitutes merely 5-7 percent of the Apparel market in India, but it is expected to grow at a CAGR of more than 35 percent in the next ten years. Internet shopping not only provides access to products from home, but also provides discount benefits and allows customers to compare prices offered by various companies. 
 
There are a number of online retailers such as such Flipkart, Jabong, and Myntra present in the market, offering a variety of apparels with exclusive services and discounts to attract consumers. Hence, online shopping is appealing to youth in India and the demand for apparels is expected to grow during the forecast period.
 
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Alok Industries Ltd., Bombay Dyeing & Mfg. Co. Ltd., Mafatlal Industries Ltd., Monte Carlo Fashion Ltd., and Reliance Industries Ltd.
 

Research and Markets

Must ReadView All

Courtesy: World Bank/ Harshad Marathe

Apparel/Garments | On 23rd Jul 2016

Rising wages in China to create 1.5 million jobs in S Asia

As wages in China continue to rise, global apparel production and...

Courtesy: 3ders.org

Apparel/Garments | On 23rd Jul 2016

Disney research creates 3D compiler for machine knitting

Introducing 3D technology to machine knitting, Disney Researchers...

Textiles | On 23rd Jul 2016

Telangana to frame new policy for textile industry

The Telangana state government will frame a new policy aimed at...

Interviews View All

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
june 2016

F2F Magazine

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search