Tuesday, 6 April 2021

India Sports Apparel Market to Grow with a steady pace until FY2026

 Increasing health awareness among the population is driving the growth of India Sports Apparel Market in the forecast years.



According to TechSci report on, “India Sports Apparel Market By Product Type (T-shirts, Sweatshirts, Sports Vests, Track Pants & Tights, Others {Swimsuits, Sports Hoodies, Sports Bra}) By End User (Men, Women, Kids) By Distribution Channel (Exclusive Stores, Supermarket/Hypermarket, Multi-branded Stores, Online, Others) By Company By Region, Competition Forecast & Opportunities, FY2026”,India sports apparel market has shown promising growth in historical years until FY2019 and is expected to continue its growth in upcoming forecast years FY2021 to FY2026. India sports apparel market owes its growth to the factors like increasing brand awareness among the population. Rising income and availability of that for improving the standards of living is driving the growth of India sports apparel market, positively. Moreover, female and kid population of the country is getting involved in the sports activities actively thereby creating a demand pit for better and efficient sports apparel which in turn is driving the market growth in the forecast period.

Indian sports sector is booming, on the laurels that various players from the country are getting. Players are not confined in mainstream sports like cricket, football, and hockey, but players are also winning world renowned medals in home games like, wrestling, kabaddi, yoga, etc. thus demand for complete and proper attire for the sportsperson is increasing the market exponentially.

Browse over XX market data Figures spread through 70 Pages and an in-depth TOC on“India Sports apparel Market”

https://www.techsciresearch.com/report/india-sports-apparel-market/7333.html

The report on India sports apparel market is segmented by product type, end user, distribution channels and regions. Based on distribution channel, the segments are further categorised into exclusive stores, supermarket/hypermarket, multi-branded stores, online, and others. Exclusive stores are brand related stores that only supply the apparels of a particular brand and provide the customer satisfaction of original brand product. Whereas multi-branded stores are often sportswear stores that own franchises of the brands thereby providing the customers with a wider selection choice from multiple brands at a time.

Indian economy was widely affected by the pandemic that set foot in early FY2020 and India sports apparel market was not untouched. While observing the lockdown, consumers were not able to visit multiple distribution channels and could only order the products online. The online retail is expected to gain major revenue shares thus driving the growth in Indian sports apparel market in the forecast yeas. After observing a setback, sports apparel market is expected to revisit its growth and show a promising future. Furthermore, increasing popularity for apparels by Indian icons and preference of the population toward these icons and their suggestions for respective brands, drives the sports apparel market growth too.

Some of the top players in the India Sports apparel Market are, Under Armour Sports Ware (India) Private Limited, Fila Sport India Private Limited, Adidas India Marketing Pvt Ltd., Nike India Pvt Ltd., Puma Sports India Pvt Ltd., Ralph Lauren India Liaison office, Columbia Sportswear Company, Adi Sports India Pvt Ltd, Campus Sutra Retail Private Limited, HRX by Hrithik Roshan, among others. The companies are involving themselves into research and development for the methods of better quality, and various quality analysis tests to provide the better products.

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“India sports apparel market is expected to witness significant growth during the forecast period. Moreover, domestic players can focus on the cheaper products amidst all the top brands in the market. Increased brand promotion by the Bollywood stars and sports person would aid domestic businesses. New investors may explore these production technologies and processes to influence their businesses,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

India Sports Apparel Market By Product Type (T-shirts, Sweatshirts, Sports Vests, Track Pants & Tights, Others {Swimsuits, Sports Hoodies, Sports Bra}) By End User (Men, Women, Kids) By Distribution Channel (Exclusive Stores, Supermarket/Hypermarket, Multi-branded Stores, Online, Others) By Region, Competition Forecast & Opportunities, FY2026 has evaluated the future growth potential of India sports apparel market and provides statistics & 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 decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Sports apparel market.

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