India Sports Apparel Market Analysis, Size, Current Scenario And Forecast 2029


Posted April 17, 2024 by ggchetana

India Sports Apparel Market was valued at USD 673.34 Million in 2022, and it is expected to reach USD 1926.10 Million by 2029, exhibiting a CAGR of 16.2% during the forecast period (2023-2029)
 
A summary of the India Sports Apparel Market

India Sports Apparel Market Research Report includes a detailed analysis of the current state of the industry. The India Sports Apparel Market analysis provides on the present market scenario, prior market performance, production and consumption rates, demand and supply ratios, and income generation forecasts.

Analysis and Development of the India Sports Apparel Market:

India Sports Apparel Market was valued at USD 673.34 Million in 2022, and it is expected to reach USD 1926.10 Million by 2029, exhibiting a CAGR of 16.2% during the forecast period (2023-2029)

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India Sports Apparel Market Dynamics

Boosting Online Sales of Sportswear: With a population of 1.3 billion, India is one of the largest and fastest-growing markets for footwear manufacturers. Walmart-owned Flipkart announced a rise in demand for women's tights, T-shirts, track pants, running shoes and walking shoes. A Flipkart spokesperson claims that even in tier-3 areas, sports shoes are growing in popularity. Every year, the fitness category grows larger and bigger. As the epidemic spread, more people were searching Flipkart for workout clothes and equipment since they were trying out new fitness routines. According to Amazon India, there's been a lot of demand for work-from-home necessities like open footwear, as well as sports and comfort gear.

India Sports Apparel Market Report Scope and Research Methodology

The analysis of the India Sports Apparel market has been conducted on a global, regional, and country level. The report offers a detailed exploration of the India Sports Apparel market dynamics, encompassing drivers, restraints, challenges, and opportunities, segmented by region and category. This extensive coverage makes the report a valuable resource for investors.

To estimate the India Sports Apparel market size, a bottom-up approach has been employed. Secondary research involved reviewing annual and financial reports of prominent manufacturers, while primary research comprised interviews with influential opinion leaders and experts from the India Sports Apparel industry, such as skilled frontline personnel, entrepreneurs, and marketing professionals. The SWOT analysis was utilized to present the strengths, weaknesses, opportunities, and threats posed by key players in the India Sports Apparel industry.

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India Sports Apparel Market Regional Insights

The report's regional analysis aids in comprehending the India Sports Apparel market across diverse countries by examining various influencing factors such as political climate, geography, and consumer buying behavior. This comprehensive approach sheds light on the multifaceted impact on the India Sports Apparel market. The report offers a thorough elucidation of all these factors, encompassing market size, growth rate, as well as import and export dynamics within each region.

India Sports Apparel Market Segmentation

by Product Type

Top Wear
Jackets
Tops & T-shirts
Polos
Fleece
Sweatshirts & Hoodies
Sports Vests
Bottom Wear
Pants
Shorts
Ski Pants / Sweatpants & Joggers
Base Layer & Underwear

The market is divided into top wear and bottom wear segments based on the product type. Top wear is anticipated to dominate the market over the forecast period due to consumer preference. The general public loves t-shirts because of how comfortable they are. In addition, both professional athletes and early morning joggers use track pants. Growing public health consciousness is driving the market as a whole. Indians were unaware, until recently, of the type of sports shoes or clothes they should be wearing for different types of physical activities, such as walking, tennis, jogging, etc. But nowadays, customers are choosing to purchase these specialised goods over generic ones as they become more aware of them.

by End-Users

Women
Men
Kids

The market is divided into three segments based on End-User: women, men, and children. Men's sportswear makes up the most of this market in India, which is expanding gradually. Women's sportswear follows, with children's sportswear taking up a small fraction. The sportswear market in India is dominated by men's clothes, then women's clothes, and lastly children's clothes. Due to shifting customs and women's participation in sports like marathons, badminton, cricket, and other physical activities, women's sportswear is the category of sportswear that is expanding the fastest out of all of them. In the past, the majority of Indian sportswear was made for men. But in light of rising wages, shifting lifestyles, and an emphasis on wellness and health, this has changed recently.

by Fabric

Polyster
Nylon
Cotton
Others

India Sports Apparel Key Players

1. Adidas India Marketing Private Limited
2. Ralph Lauren Corporation
3. Puma Sports India Private Limited
4. Nike India Private Limited
5. Under Armour India Trading Private Limited
6. ASICS India Private Limited
7. Decathlon Sports India Pvt Ltd.
8. Shiv-Naresh Sports Private Limited
9. Skechers Retail India Private Limited
10. Cosco Sports
11. Nivia
12. Tyka
13. Sareen Sports
14. Alcis Sports
15. HRX

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Key Questions answered in the India Sports Apparel Market Report are:

What is India Sports Apparel ?
What are the India Sports Apparel market segments?
Which segment held the largest India Sports Apparel market share in 2022?
Which segment is expected to grow at a high CAGR during the forecast period?
Which India Sports Apparel market segment is expected to grow at a high rate during the forecast period?
Key Offerings:

Past Market Size and Competitive Landscape
Past Pricing and price curve by region
Market Size, Share, Size & Forecast by different segment | 2022−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation – A detailed analysis by segments with their sub-segments and region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
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Issued By ggchetana
Country India
Categories Business
Tags sports apparel market
Last Updated April 17, 2024