India Activewear Market Research Report 2023 offers a comprehensive analysis of the market, including business opportunities, growth, and trend analysis for various applications, types, and regions such as North America, Europe, Asia-Pacific, South America, Middle East, and Africa. The report delves into important producers, market developments, opportunities, challenges, and threats to the market as a whole. It is a 100+ page report that provides a detailed examination of growth statistics, opportunities, trends and the competitive landscape in the industry.
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The market was valued at INR 466.90 Billion in 2018 and is estimated to reach INR 997.83 Billion by 2024, expanding at a compound annual growth rate (CAGR) of 13.59%, during the 2019-2024 period.
Activewear Market in India 2019
With increasing disposable income and evolving lifestyle preferences, people are incorporating wellness routines in their busy lifestyles with the aim of leading a healthy life. The activewear market in India, benefitting from this development, has witnessed significant growth.
Market insights
Over the last decade, the activewear market in India has witnessed a steady growth in terms of market revenue. Higher participation of women and kids in sports activities and promotion of athleisure as casual wear has led to the expansion of the activewear market in India. Rising popularity of online retail channels as a mode of distribution has further propelled market growth. However, the presence of counterfeit activewear products acts as a major restraining factor for the market.
Market segmentation analysis
Based on product type, the activewear market in India is categorized as footwear, apparel, and other sports accessories segments. Headbands, hats, caps, and visors constitute the other sports accessories segment. Value-wise, in 2018, the footwear segment held the largest market share (~50.33%). This segment has a strong presence of international brands like Adidas, Reebok, Nike, and Puma. Increasing demand of sports-inspired or athletic casual footwear is expected to facilitate the growth of this segment during the forecast period. The apparel segment generated a revenue of INR 193.39 Bn in 2018, and is expected to expand at a CAGR of ~13.37% during the forecast period. Heightened awareness regarding fitness and wellness, coupled with celebrity-endorsement is expected to fuel the demand for activewear.
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Competition analysis
The activewear market in India is dominated by foreign players like Adidas India Private Limited, Decathlon Sports India Private Limited, Nike India Private Limited, and Puma Sports India Private Limited. Amid these international brands, domestic players are striving to strengthen their footprint in India by offering products at a lower price range than their international counterparts for consumers in tier II and tier III cities. With increase in sizeable funding and endorsements from Bollywood and sports celebrities for domestic activewear start-ups, the activewear market in India is expected to rejuvenate shortly.
Companies covered
DIDA Brothers Company Private Limited
HRX
Adidas India Private Limited
Asics India Private Limited
Decathlon Sports India Private Limited
Fila Sports India Private Limited
Nike India Private Limited
Puma Sports India Private Limited
Reebok India Company
Skechers Retail India Private Limited
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Our most recent research report showcases the thriving expansion of the India Activewear Market and offers in-depth insights into the projected market size, share, and revenue until 2030.
The report addresses the following key questions regarding the India Activewear market:
- What is the expected growth rate of the market in the upcoming years and what factors are driving this growth?
- How do consumers perceive and adopt different types of India Activewear in the market?
- How are regulatory policies and government initiatives impacting the growth of the India Activewear market?
- What is the market share of the top 5 players in the India Activewear market and how is it likely to change in the future?
- What are the latest technologies and innovations in the India Activewear market and how are they shaping the industry landscape?
- How do macroeconomic factors such as inflation, GDP, and exchange rates affect the India Activewear market?
- What are the challenges related to the supply chain and logistics that India Activewear market players face and how are they addressing them?
- How is the changing consumer behavior and preferences influencing the dynamics of the India Activewear market?
- What are the potential risks and uncertainties associated with investing in the India Activewear market, and how can they be mitigated?
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of India Activewear market revenues on a global, regional, and country level, projecting trends until 2030. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the India Activewear market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the India Activewear market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate India Activewear business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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