PROSPECTS AND OPPORTUNITIES
Premiumisation in footwear to revolve around personalisation and immersive experiences
Footwear is set to see a solid retail value CAGR at constant 2024 prices in India in the forecast period, with women’s footwear expected to see higher growth, although men’s footwear will continue to account for the highest share of sales. The premiumisation trend is expected to evolve, with a stronger emphasis on personalised products and unique customer experiences.
Foot Locker’s entry into India set to influence the sneaker culture and footwear
Sneaker culture has been rapidly growing in India, driven by Gen Z and Millennials, who are increasingly drawn to global fashion trends and exclusive releases. Foot Locker, a leading US retailer specialising in athletic footwear, has now entered the Indian market through a partnership with Metro Brands and Nykaa Fashion.
Quick commerce platforms to open new avenues for footwear brands in India
In the current landscape, the majority of sales of footwear in India are through apparel and footwear specialists. However, a significant shift is anticipated in the forecast period, as the influence and presence of e-commerce is expected to rise significantly within this category.
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Overview:
Understand the latest market trends and future growth opportunities for the Footwear 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 Footwear 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 Footwear 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 Footwear 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 Footwear in India?
- Where is future growth expected to be most dynamic?
Footwear in India - Category analysis
KEY DATA FINDINGS
Footwear in India records high single-digit growth amidst shifting spending dynamics
BIS norms strengthen organised footwear in 2024
Bata maintains leadership in footwear in India through wide reach and brand consolidation
Premiumisation in footwear to revolve around personalisation and immersive experiences
Foot Locker’s entry into India set to influence the sneaker culture and footwear
Quick commerce platforms to open new avenues for footwear brands in India
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:
Footwear
- Children's Footwear
- Men's Footwear
- Women's Footwear
Footwear
This is the aggregation of children's footwear, men's footwear and women's footwear. Includes all men’s, women’s and children’s outdoor and indoor shoes made of materials as leather, fabric or plastic. Outdoor shoes includes all dress shoes, trainers, sports shoes, sandals, boots, pumps, and high heels. Indoor shoes includes house-shoes and slippers. Items must be new when sold to the consumer; second-hand/used footwear is excluded. Antique and/or vintage footwear is also excluded. Sports footwear (broken out as a separate category) is included in total footwear figure. One pair of footwear constitutes one volume unit.
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 Footwear research and analysis database.
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