The "Activewear Market in India 2019" report has been added to ResearchAndMarkets.com's offering.
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.
Over the last decade, the activewear market in India has witnessed a steady growth in terms of market revenue. The market was valued at INR 466.9 billion in 2018 and is estimated to reach INR 997.8 billion by 2024, expanding at a compound annual growth rate (CAGR) of ~13.59%, during the 2019-2024 period.
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 193.3 billion 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.
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.
Key Topics Covered
Chapter 1: Executive summary
Chapter 2: Socio-economic indicators
Chapter 3: Introduction
3.1. Market definition and structure
Chapter 4: Market overview
4.1. India activewear market overview
4.1.1. Market size and growth forecast - value-wise (2017-2024)
Chapter 5: Market segmentation
5.1. India activewear market segmentation
5.1.1. India activewear market share based on product category (%) (2018-2024)
220.127.116.11. India footwear market revenue - value-wise (2017-2024)
18.104.22.168. India apparel market revenue - value-wise (2017-2024)
22.214.171.124. India other activewear market revenue - value-wise (2017-2024)
5.1.2. India activewear market share based on end users (%) (2018)
Chapter 6: Market influencers
6.1. Market drivers
6.2. Market challenges
Chapter 7: Market trends
7.1. Key market trends
7.2. New initiatives
Chapter 8: Competitive landscape
8.1. Porter's five forces analysis
8.2. Market participants and distribution platforms in India
8.3. DIDA Brothers Company Private Limited
8.5. Adidas India Private Limited
8.6. ASICS India Private Limited
8.7. Decathlon Sports India Private Limited
8.8. Fila Sports India Private Limited
8.9. Nike India Private Limited
8.10. Puma Sports India Private Limited
8.11. Reebok India Company
8.12. Skechers Retail India Private Limited
Chapter 8: Recent Developments
For more information about this report visit https://www.researchandmarkets.com/r/vr3445
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SOURCE: Research and Markets
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