The Footwear Market in India - Forecast to 2023: The Unorganized Footwear Market Accounts for 85% of the Total Market - ResearchAndMarkets.com

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The "Footwear Market in India (2018-2023)" report has been added to ResearchAndMarkets.com's offering.
Currently, India is the second largest footwear manufacturer in the world after China.

Increase in disposable income and per capita income has revolutionized the consumers' buying and spending pattern towards apparel and footwear. A greater proportion of the overall Indian population, which includes tier I and II cities as well as smaller towns, now have considerably higher spending power, as a result of which, expansion of the footwear market is gaining mass momentum.

The emergence of organized retail and e-tailing plays a major role in the development of the Indian footwear market. The modern retailing has resulted in increased accessibility, evaluation of a large number of alternatives, and special offers and discounts to attract customers.

In India, the unorganized footwear market accounts for 85% of total market and give stiff competition to organised sector players. Unorganised players have a lot of advantages over organised players like lower sales tax and lower labor cost.

The Indian footwear market is dominated by unorganized players but as consumer preference and buying behavior is changing, organized retail players are making space for themselves in the market. Of the total footwear produced, ~90% are consumed within the country while the remaining ~10% are exported mainly to the European nations which include the United Kingdom (UK), Germany, Italy and France.

With increasing internet penetration and rising popularity of the e-commerce market, footwear manufacturers, having a presence over the e-commerce ecosystem, are using the internet not only for driving sales but also to monitor consumer-buying behavior, and are accordingly offering a personalized experience to customers.
Through e-commerce platforms companies also provide fast and convenient functional experience to customers like easy payment option, grievance management, after sales service and competitive pricing.

The Indian footwear market is segmented by end user-wise sales, and type-wise market segmentation in which casual footwear contributes chiefly to the total revenue.


Companies Profiled
  • Khadim India Limited
  • Liberty Shoes Limited
  • Relaxo Footwear Limited
  • Sreeleathers Limited
  • Bata India Limited
  • Action Shoes Private Limited
  • Adidas India Private Limited
  • Paragon Footwear Private Limited
  • Puma Sports India Private Limited
  • Reebok India Private Limited

Key Topics Covered

Chapter 1. Executive Summary

Chapter 2. Socio-Economic Indicators

Chapter 3. Introduction

Chapter 4. Indian Footwear Market - Overview

Chapter 5. Indian Footwear Market - Segmentation

Chapter 6. Trade Analysis

Chapter 7. Key Growth Drivers of the Market

Chapter 8. Key Deterrents to the Growth of the Market

Chapter 9. Market Trends

Chapter 10. Competitive Landscape

Chapter 11. Recent Developments

For more information about this report visit https://www.researchandmarkets.com/research/fqpx3w/the_footwear?w=4

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Related Topics: Footwear

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Footwear