Member ID:
Stay logged in for 30 days
Forget Your Password?

login CCFGroup App

Industry News | Time: Feb 21 2017 9:54AM
Indian sportswear market grows 22 percent in 2015-16
Text size
In 2015-16, the Indian sportswear market grew 22 per cent, outpacing the segment鈥檚 global increase of seven per cent. By 2020, it is expected to grow at 12 per cent CAGR. Nearly 80 per cent of India鈥檚 sportswear market is dominated by global brands like Adidas, Reebok, Nike and Puma, with others such as Under Armour, Fila and Lotto, domestic multi-brand sportswear retailers like Planet Sports and Royal Sporting House, and emerging local players, collectively battling for the remaining 20 per cent.

Between the Big Four, Adidas currently holds a 45 per cent market share, operating 760 stores through the franchise mode. Competitors like Puma and Nike also run their operations in the country through franchising 鈥 all of Nike's 200 outlets are licensed by local franchising partners.

Driven by the country's growing wealth, changing lifestyles, and rising urbanisation, an increasing amount of Indian consumers are becoming more health conscious. This makes the country鈥檚 sportswear sector increasingly attractive to a host of local and international brands. Over the years, a flood of local franchisees have got into business with aspirational sportswear brands, facilitating a rapid expansion of their presence throughout India.

Between 2015-16, sportswear in metro and Tier II and III cities grew close to 80 per cent. The footwear category grew 100 per cent for metro and Tier II cities and there鈥檚 also a strong demand from Tier III cities which grew over 110 per cent.

Source: Internet
[RISK DISCLAIMER] All opinions, news, analysis, prices or other information contained on this report is provided by analyst of Zhejiang Huarui Information Consulting Co., Ltd (CCFGroup) as general market commentary and does not constitute investment advice. CCFGroup will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Related Articles
Bangladesh spinners reap profits
Vietnam apparel units may not reopen soon, global brands to face
Siris printing and dyeing clusters project put into production
Pakistan textile: competitive inputs, value addition can boost
Indonesia' s textile sector reels under rising coal prices
Council raises GST on low-cost footwear, garments to 12%
US emerges the largest importer as India' s home textile
SVP Global Ventures to invest Rs 100 cr to set up technical
Pakistani textile and apparel exports rose 28.67% in Jul-Aug 2021
Shutdown and production cut caused by the dual controls may send
Spunlace nonwovens industry chain under energy crisis
Driving factors analysis of Chinese cotton prices in ...
Post-holiday forecast for polyester value chain
Supply-demand pattern and forecast of spandex industry
2021/22 global cotton: impetus from supply side has not ...
MEG supply-demand faces changes, how will the market go?