Increasing
middle class population coupled with changing lifestyle of the people in India
to bolster India readymade garments market growth through 2024
According to a recent report
published by TechSci research on “India Readymade Garments Market By Type, By Material, By
Distribution Channel, By Region, Competition, Forecast & Opportunities,
2024” India readymade garment
market is expected to grow at a steady pace during forecast period. The growth
of the market can be majorly attributable to the changing fashion trends and
increasing retail penetration. Moreover, growing service class and increasing
share of the designer wear is further positively impacting the growth of
readymade garment market in India.
Browse market data Tables and Figures
spread through 70 Pages and an in-depth TOC on " India Readymade Garments Market "
In terms of type, India
readymade garment market is categorized into kid’s wear, men’s wear and women’s
wear. Among the types, the men’s wear category accounted for a significant
portion of India readymade garment market in 2018 and it is predicted to lead
the market during forecast period as well. The growth of this category is can
be attributed sex ratio of the country, which is predominantly male. Moreover,
the per capita earning of the male population in the country is higher than
that of its female counterpart, which is further driving the growth of the
men’s readymade garment market in India.
On the basis of distribution
channel, the India readymade garment market is categorized into store-based
retail and non-store-based retail, of which the former garnered the majority
share in the market in 2018 owing to easy access of the consumers to the stores
and the consumers’ preference for checking the garments in the store than
online. The non-store-based retail is witnessing a healthy growth owing to the
growing popularity of the e-commerce market. Moreover, e-commerce and
technology are transforming this category with new user experiences, where
luxury brands and small start-ups are racing to embrace e-commerce, thereby making
this channel even stronger.
“India readymade garment
market is anticipated to witnessing steady growth over the course of next five
years. The growth of this category is majorly attributable to the rising
preference of people towards readymade garments over the tailormade one’s. Moreover,
the exports of readymade garments from India have significantly increased over
the past few years, which is further bolstering the growth of the readymade
garments market in India.” said, Mr. Karan Chechi Research Director with
TechSci Research, a research-based global management consulting firm.
Customers can also request for 10% free customization on this report.
“India Readymade Garments
Market By Type, By Material, By Distribution Channel, By Region, Competition,
Forecast & Opportunities, 2024,” has evaluated the future growth potential of the India readymade
garments market and provides statistics and information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decision.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in the India readymade garments
market.
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