India Footwear Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

India Footwear Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A2906
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Market Overview:

The India footwear market size reached US$ 13.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 27.7 Billion by 2027, exhibiting a growth rate (CAGR) of 12.65% during 2022-2027.

Footwear is worn for providing comfort and protection to the feet. It is usually made of materials like wood, canvas, jute, rubber, plastics and leather. Over the years, footwear has evolved as a symbol of luxury and class due to the premiumization and innovation in quality. In India, with the changing fashion and aesthetic trends, consumers are now preferring to purchase footwear with advanced technical fabrications, which provide maximum comfort with a wide variety of quality and styles. They are also available for both athletic and non-athletic purposes, due to which their demand is gaining immense traction in the country.

India represents one of the largest markets for footwear. This can be attributed to the rapid urbanization and industrialization, which has resulted in the increasing demand for formal, casual, athletic and fashion footwear. Besides this, the increasing globalization has led to the establishment of popular footwear brands across the country. Additionally, the growing penetration of e-commerce retail platforms, supported by easy and uninterrupted internet access, is contributing to the market growth. The online shopping experience provides consumers with a wide range of products to choose from with easy payment options, which, in turn, is creating a positive outlook for the market. Furthermore, the rising health awareness, escalating demand for sports and athletic footwear and increasing consumer expenditure capacities are driving the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India footwear market report, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on product, material, distribution channel, pricing and end user.

Breakup by Product:

  • Non-Athletic Footwear
  • Athletic Footwear
     

Breakup by Material:

  • Rubber
  • Leather
  • Plastic
  • Fabric
  • Others
     

Breakup by Distribution Channel:

  • Footwear Specialists
  • Online Sales
  • Supermarkets and Hypermarkets
  • Departmental Stores
  • Clothing Stores
  • Others
     

Breakup by Pricing:

  • Premium
  • Mass
     

Breakup by End User:

  • Men
  • Women
  • Kids
     

Breakup by Region:

  • North India
  • West and Central India
  • South India
  • East India
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Product, Material, Distribution Channel, Pricing, End User, Region
Region Covered  North India, West and Central India, South India, East India
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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India Footwear Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
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