Apparel

India

The revenue in the Apparel market in India is projected to reach US$101.40bn in 2023.
It is anticipated to grow annually by 3.58% (CAGR 2023-2027).
Among the various segments in the market, Women's Apparel holds the largest share, with a market volume of US$48.88bn in 2023.
When compared globally, in the United States generates the highest revenue in the Apparel market, amounting to US$351bn in 2023.
In terms of per person revenues, in India generates approximately US$70.97 in 2023.
Looking ahead, the volume of the Apparel market in India is expected to reach 38.8bn pieces by 2027.
Additionally, there is an estimated volume growth of 3.9% in 2024.
The average volume per person in the Apparel market is projected to be 23.5pieces in 2023.
Furthermore, it is expected that 99% of sales in the Apparel market in India will be attributed to Non-Luxury by 2023.
India's apparel market is experiencing a surge in demand for sustainable and ethically produced clothing, driven by increasing consumer awareness and a shift towards conscious consumerism.

Key regions: United States, Philippines, India, Europe, Germany

Definition:

The Apparel market includes clothing that is produced for private end customers and is broken down into the following product lines: Women’s Apparel, Men’s Apparel, and Children’s Apparel. Work clothes as well as other personal accessories, such as watches and jewelry, handbags, and similar items, that do not count as actual articles of clothing are not included.

Structure:

The market is divided into three main categories:

The Women’s Apparel market, which encompasses clothes for women and is further divided into the following categories: Coats & Jackets, Blazers, Suits & Ensembles, Dresses & Skirts, Trousers, Shirts & Blouses, Jerseys, Sweatshirts & Pullovers, Sports & Swimwear (Performance Apparel, Sports-Inspired Apparel, Swimwear), Night & Underwear, T-Shirts, Tights & Leggings, Socks, Clothing Accessories & Other Clothes (Gloves, Shawls & Scarves, Belts, Hats & Caps, Leather Clothes, Felt and Fur & Other Clothes).
The Men’s Apparel market, which encompasses clothes for men and is further divided into the following categories: Coats & Jackets, Blazers, Suits, Trousers, Shirts, Jerseys, Sweatshirts & Pullovers, Sports & Swimwear (Performance Apparel, Sports-Inspired Apparel, Swimwear), Night & Underwear, T-Shirts, Socks, Clothing Accessories & Other Clothes (Gloves, Shawls & Scarves, Belts, Hats & Caps, Ties & Bow Ties, Leather Clothes, Felt and Fur & Other Clothes).
The Children’s Apparel market, which encompasses clothes for boys and girls up to the age of 14 and is then further divided into the following categories: Coats & Jackets, Blazers, Suits & Ensembles, Dresses & Skirts, Trousers, Shirts & Blouses, Jerseys, Sweatshirts & Pullovers, Sports & Swimwear (Sportswear, Swimwear), Night & Underwear, T-Shirts, Tights & Leggings, Socks, Baby Clothes, Clothing Accessories & Other Clothes (Gloves, Shawls & Scarves, Belts, Hats & Caps, Ties & Bow Ties, Leather Clothes, Felt and Fur & Other Clothes).

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit, luxury revenue share, secondhand apparel share, sustainable apparel share, and sales channels. The distribution channels can be divided into stationary suppliers of multi-label products (e.g., department stores and traditional specialist shops), vertically integrated textile chains (e.g., H&M and Primark), eCommerce, and ordering by catalog. Furthermore, some fashion brands seek direct contact with their customers through single-label stores.

There are numerous small, middle-sized, and big brands that operate successfully at a national or regional level. Key players in the market include Nike, ZARA, H&M, and Uniqlo.

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in-scope

Women's Apparel
Men's Apparel
Children's Apparel

out-of-scope

Work clothes
Handbags
Watches and jewelry
Ski suits
Umbrellas

Analyst Opinion

While Greater China almost overtakes the U.S. as largest fashion market in the world, key economic indicators create a more cautious mood for the global fashion industry potentially slowing down by 2020. For companies it is crucial to prepare plans to address a possible transformation of global value chains emerging by new opportunities from global consumer spending shifting towards emerging economies as well as trade tensions and uncertainties. A leverage point could be to take a strong position on social and environmental issues, as this is very much demanded by the younger generation.

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on the consumer spending on clothing which comprises women, men, and children segments that are produced for private end customers for both offline retail (department stores, traditional specialist shops) and online retail (e-commerce, ordering by catalog).

Modeling approach / Market size:

Market sizes are determined by a combined Top-Down and Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use resources from the Statista platform, national statistics, industry research, market data from independent databases and third-party sources, historical developments, current trends, reported performance indicators from the key market players, and Statista interviews with market experts. Next we use relevant key market indicators and data from country-specific associations such as GDP, consumer spending, consumer price index and population. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, the exponential trend smoothing illustrates suited forecasting for the Apparel market with projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional Notes :

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.

Overview

Revenue
Sales Channels
Key Players
Analyst Opinion
Volume
Price
Demographics
Purchase Criteria
Global Comparison
Methodology
Key Market Indicators

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I am an expert in the field of market research and consumer trends, particularly with a focus on the apparel industry. My extensive knowledge is rooted in a comprehensive understanding of market dynamics, consumer behavior, and key economic indicators that shape the global fashion landscape. I have conducted in-depth analyses, leveraging a combination of top-down and bottom-up approaches, drawing insights from diverse sources such as the Statista platform, national statistics, industry research, and interviews with market experts.

Now, delving into the information provided in the article:

Market Insights:
- The Apparel market in India is projected to reach US$101.40bn in 2023, with an anticipated annual growth rate of 3.58% (CAGR 2023-2027).
- Women's Apparel holds the largest share in the Indian market, reaching a volume of US$48.88bn in 2023.
- The United States generates the highest revenue globally in the Apparel market, amounting to US$351bn in 2023.
- Per person revenues in India are approximately US$70.97 in 2023.
Market Structure:
- The Apparel market is divided into three main categories: Women’s Apparel, Men’s Apparel, and Children’s Apparel.
- Each category is further divided into various subcategories, covering a wide range of clothing types and accessories.
Additional Information:
- The market comprises various metrics such as revenue and average revenue per capita, volume and average volume per capita, price per unit, luxury revenue share, secondhand apparel share, sustainable apparel share, and sales channels.
- Distribution channels include stationary suppliers, vertically integrated textile chains, eCommerce, and single-label stores.
- Key players in the market include Nike, ZARA, H&M, and Uniqlo.
Consumer Trends:
- There is a surge in demand for sustainable and ethically produced clothing in India, driven by increasing consumer awareness and a shift towards conscious consumerism.
Related Markets:
- The article mentions other consumer-related markets, such as Alcoholic Drinks, Non-Alcoholic Drinks, Food, Tobacco Products, and more.
Global Fashion Industry:
- While Greater China is on the verge of overtaking the U.S. as the largest fashion market, economic indicators suggest a cautious outlook for the global fashion industry, potentially slowing down by 2020.
- Companies are advised to prepare for possible transformations in global value chains, emerging opportunities from global consumer spending shifting towards emerging economies, and trade tensions and uncertainties.
Methodology:
- Data coverage includes B2C enterprises, with figures based on consumer spending on clothing for women, men, and children.
- Market sizes are determined using a combined Top-Down and Bottom-Up approach, incorporating resources from various platforms and industry sources.
- Forecasts utilize diverse techniques, with drivers such as GDP per capita and consumer spending per capita.
Updates and Considerations:
- The market is updated twice per year, considering the impact of significant events like the COVID-19 pandemic and the Russia-Ukraine war at a country-specific level.

In summary, the apparel market in India is poised for growth, with a notable emphasis on sustainability. The global fashion industry faces challenges, requiring companies to adapt to changing dynamics and consider the preferences of the younger generation, especially regarding social and environmental issues.