PROSPECTS AND OPPORTUNITIES
Largely unorganised, gloves and scarves to maintain low engagement
Apparel accessories in India is set to see a negative retail value CAGR at constant 2024 prices in the forecast period. The trend seen at the end of the review period is expected to be maintained, with most categories set to see solid growth, while other apparel accessories is expected to continue its declining trend due to the falling sales of face masks, which will impact overall apparel accessories.
Apparel accessories will remain a functional add-on, not an area of focus in the Indian market
Apparel accessories such as belts, ties, hats, gloves, and scarves are expected to continue functioning as complementary offerings rather than strategic revenue drivers for most brands over the forecast period. Most retailers are likely to retain these SKUs to complete the consumer basket, serving shoppers who come in for apparel and pick up apparel accessories as an afterthought.
Travel and sports set to drive growth for hats/caps
Hats/caps is expected to maintain solid value growth in India in the forecast period. One factor is likely to be the rise of travel – as individuals engage more in travel, whether for leisure or business purposes, there is expected to be heightened demand for accessories such as hats/caps.
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Overview:
Understand the latest market trends and future growth opportunities for the Apparel Accessories industry in India with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Apparel Accessories industry in India, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Apparel Accessories in India report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Apparel Accessories in India?
- Which are the leading brands in India?
- How are products distributed in India?
- How is the rise of e-commerce shaping demand?
- What % of apparel and footwear sales are made via grocery retailers?
- Do consumers want premium quality or fast fashion?
- How will COVID-19 and recession impact demand?
- How important is sustainability in Apparel Accessories in India?
- Where is future growth expected to be most dynamic?
Apparel Accessories in India - Category analysis
KEY DATA FINDINGS
Post-pandemic normalisation prevents value growth in 2024
Hats/caps gains steady traction, as everyday utility and sun protection drive uptake
Consumers are highly price-sensitive for most apparel accessories
Largely unorganised, gloves and scarves to maintain low engagement
Apparel accessories will remain a functional add-on, not an area of focus in the Indian market
Travel and sports set to drive growth for hats/caps
Apparel and Footwear in India - Industry Overview
Apparel and footwear in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for apparel and footwear?
DISCLAIMER
The following categories and subcategories are included:
Apparel Accessories
- Belts
- Gloves
- Hats/Caps
- Scarves
- Ties
- Other Apparel Accessories
Apparel Accessories
Supplementary garments and clothing articles consisting of items as belts, scarves, gloves, hats, ties and other accessories. Knitted accessories (hats, scarves and gloves) are also included. Includes all such products designed for men, women, children, and infants. Shoes, bags and sunglasses are excluded and attributed to Footwear, Travel Goods and Sunglasses respectively.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Apparel Accessories research and analysis database.
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