India Sports Apparel Market Poised for Robust Growth Through 2030
The India sports apparel market is experiencing significant expansion, driven by a heightened focus on fitness, the athleisure trend, and the proliferation of e-commerce platforms. Valued at USD 673.34 million in 2023, the market is projected to reach USD 1,926.10 million by 2030, reflecting a compound annual growth rate (CAGR) of 16.2% during the forecast period.
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Key Recent Developments and Mergers & Acquisitions
Page Industries' Performance: Page Industries, the Indian licensee for Jockey and Speedo, reported a profit of 2.05 billion rupees ($23.4 million) for the quarter ended December 31, 2024, compared with 1.52 billion rupees a year ago.
Decathlon's Expansion: Decathlon, the French sports company, has significantly expanded its presence in India since its establishment in 2009. It now boasts 129 stores and employs 5,700 people across the country.
Regional Market Dynamics:
Understanding regional nuances is crucial for navigating the India Sports Apparel Market. The report segments the Market into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. For each region, we analyze key influencing factors, Market size, growth rate, and import/export dynamics. This section provides a snapshot of the current Market status within each covered country.
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India Sports Apparel Market Segmentation:
by Product Type
Track Pants & Tights
Sports Vests
T-shirts
Sweatshirts
Others
by End Users
Women
Men
Kids
by Distribution Channel
Online
Offline
Because of their broad appeal and adaptability, T-shirts will continue to dominate the Indian sports apparel market in 2023, according to product type. A wide range of consumers, from casual wearers to fitness enthusiasts, prefer t-shirts. Many T-shirts are available from well-known national and international companies like Nike, Adidas, and Puma, which serve a variety of purposes like athletic and leisure apparel. The growing popularity of sports events and fitness activities in India has further increased demand for sports T-shirts.
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Key India Sports Apparel Market Participants:
1. Adidas India Marketing Private Limited
2. Ralph Lauren Corporation
3. Puma Sports India Private Limited
4. Nike India Private Limited
5. Under Armour India Trading Private Limited
6. ASICS India Private Limited
7. Decathlon Sports India Pvt Ltd.
8. Shiv-Naresh Sports Private Limited
9. Skechers Retail India Private Limited
10. Cosco Sports
11. Nivia
12. Tyka
13. Sareen Sports
14. Alcis Sports
15. HRX
16.Others Key Players
Key Questions Addressed:
- What is India Sports Apparel ?
- What was the India Sports Apparel Market size in 2023?
- Who are the major players and what are their offerings in the India Sports Apparel Market?
- What growth strategies are key players employing to expand their Market share?
- What are the emerging applications and future trends in the India Sports Apparel Market?
- What factors are driving Market growth?
- What current industry trends can be leveraged for revenue generation in the India Sports Apparel Market?
- What are the various Market segments?
- What is the projected CAGR for the India Sports Apparel Market?
- What is the Market's growth trajectory?
- What specific segments are covered in the report?
- What are the key challenges and opportunities facing the Market?
- Which application segment holds the most significant potential?
- Who are the key players in the India Sports Apparel Market?
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Key Deliverables:
- Historical Market Size and Competitive Landscape
- Historical Pricing Data and Regional Price Trends
- Market Size, Share, and Forecast by Segment
- Market Drivers, Restraints, Opportunities, and Key Trends by Region
- Granular Market Segmentation Analysis by Segment and Sub-segment, with Regional Breakdown
- In-depth Competitive Landscape Analysis, including Strategic Profiles of Key Players by Region:
- Market Leaders
- Market Followers
- Regional Players
- Competitive Benchmarking by Region
- PESTLE Analysis
- Porter's Five Forces Analysis
- Value Chain and Supply Chain Analysis
- Regional Legal and Regulatory Considerations
- SWOT Analysis of Lucrative Business Opportunities
- Strategic Recommendations
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