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Indian Women to Clad Clothes worth Rs. 61,000 Crore by 2010
Aug 28, 2008
According to a new research report, “Women Wear Market Forecast to 2010” by RNCOS, the women apparel market of India, that made up for 30% of the industry revenue in 2007, is anticipated to grow at a CAGR of 17.79% through 2010. The total women apparel industry sales are projected to cross Rs. 60,000 Crore by 2011 driven by changing lifestyle, evolving consumer behavior and rapidly transforming retail industry dynamics. The women apparel retailing is likely to emerge as one of the most dynamic segments of the Indian apparel industry.
The women apparel market is witnessing a transition from unorganized retail to organized format, says the research report. Entry of corporate houses, increasing number of shopping malls, and drifting from seasonal discount schemes to year-long offers is driving the organized formats in the industry. It is expected that gaining traction from these factors, the organized retail sector will account for more than 20% of the total women apparel retailing in India. This will ultimately lead to a shift in demand towards branded apparel from mass segment apparel. By 2010, around 30% of the women apparel industry in India will be dominated by branded product as compared to mass segment apparel.
“Women Wear Market Forecast to 2010" is an extensive research on the women apparel industry in India. This research report provides a detailed overview of the women apparel industry with quantitative and qualitative analysis of the industry. This report also underlines the factors responsible for the growth of the industry, the opportunities lying ahead and the challenges to be faced by the industry in coming years.
This study provides the segment-wise analysis, forecast, latest market trends, and emerging areas that will dominate the future. The information covered in this report will help in understanding the market dynamics and the corresponding factors responsible for bringing transformation in the industry.
For more information visit: http://www.rncos.com/Report/IM127.htm
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