Home >

India'S Textile And Garment Industry Will Grow At An Average Annual Rate Of 11% Over The Next 10 Years.

2012/2/24 10:20:00 10

??? 日本語 Fran?ais English 中文

India Textile Garments India Textile Garments

along with

India

In recent years, the sustained growth of the economy, representing the status of men as well as the internationally renowned men's clothing brands represented by competition in the workplace, have gradually entered the India market.

According to the analysis report of India Retail Market Research Authority Technopak Advisors, the market scale of textile and garment industry in India in 2010 (including domestic market and export) amounted to 3 trillion 270 billion rupees, and it will continue to grow at an average rate of 11% per year. By 2020, the market will reach 10 trillion 320 billion rupees.

India's men's ready-made garments have a certain proportion in the market. The market size is about 720 billion rupees, and it will continue to grow at an average of 9% per year.

India

The Venn research foundation has conducted a detailed market survey of the men's clothing market in India from 2010 to 2014.

In 2009, the total turnover of men's clothing market in India was $11 billion 800 million, and the average annual growth rate was 8.6% in 2005 to 2009.

Among them, men's suits, jackets and hunting clothes are the fastest growing garments, with a market size of about 45 billion rupees. Men in India are paying more and more attention to appearance.

It can be seen from the streets of India.

Men's clothing in India

It is completely westernized, unlike ladies, who can still see women in uniform on the streets.

Because most of the economy in India is in the hands of men, men are willing to choose their favorite clothes for themselves. As for women in India, the degree of jewellery may be much higher than that of clothing.

The habit of purchasing men in India is that decisions are made faster and brand loyalty is higher.

Influenced by westernization and standardization, men's clothing types, colors and sizes are much simpler than females.

In India, young people under 25 years old and men over 35 years old are the biggest consumers of luxury clothing. India men's clothing has gradually changed from its customize clothes to buying garments.

Due to the substantial increase in disposable income and the recognition of luxury goods and brands, it is expected that men's clothing in India will double over the next few years.

The British men's clothing brand PaulSmith is preparing to set up third stores in Mumbai. The manager has noticed that luxury clothing is no longer a patent for middle-aged men, and young men in India have been increasingly paying attention to costumes.

The reason why young people begin to value their clothes is partly on the basis of their work needs. Many jobs are based on business needs and require employees to dress in a respectable manner.

PaulSmith spokesman Mr.Gupta has divided India men's pursuit of famous brands into four categories: the first category is the traditional brand name users, who do not need to explain more about all kinds of brand names; the second category is the brand-name lovers who have just earned the first pot of gold. They often travel to build their brand loyalty and preferences according to their own preferences. The third category is a preference for famous brands but not deep pockets. The only solution is to start with a more famous brand name, and then step into the ranks of the famous brand class. The fourth category is only to wait until the price is reduced, so as to satisfy the desire for famous brand.

According to Technopak's estimate, the luxury market in India will reach US $30 billion by 2015.