India Kids Apparel Market to Grow over ~12% till 2021
Expanding
urban population base, increasing number of international players in kids
apparel market, growing consumer spending on lifestyle products and expansion
of e-retail to drive India kids apparel market during the forecast period
According to TechSci Research report, “India Kids Apparel Market By Category, By Gender, By Season, By Point of
Sale, By Organized Vs Unorganized, By Cloth Material, Competition Forecast and
Opportunities, 2011 - 2021”, India kids apparel
market is forecast to grow at a CAGR of over 12% during 2016-2021, on account
of increasing spending of consumers on health and lifestyle products. Changing consumption patterns of Indian households and growing preference for ready to wear is
projected to boost growth in India kids apparel market. Rising disposable
income level of consumers, improving standards of living and rising number of
dual income households are anticipated to increase spending on kids apparel.
Parents are increasingly opting for branded kids apparel.
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Kids Apparel Market"
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Moreover, fast growing Indian economy and increasing penetration
of e-commerce websites is projected to drive growth in India kids apparel sales.
Leading players operating in India kids apparel are focusing on western wear categories
such as denims, shirts, T-shirts, etc. Few other players operating in India
kids apparel market are also exclusively focusing on ethnic wear for kids in
order to capitalize on the robust demand for ethnic wear on special occasions
and festivals. According to Department of Education, children enrolled in private
schools in India was accounted for 23.7% in 2015, and this is expected to reach
30.8% by 2021. This is projected to drive robust growth in demand for kids
uniform market. Government has also taken various initiatives to provide
education in rural areas and has opened schools for poor children and this is
projected to drive demand for kids uniform in the coming years. Few of the
major players operating in India kids apparel market are Lilliput, Lifestyle
International Pvt. Ltd, Shoppers Stop Ltd, Gini & Jony Pvt. Ltd., Benetton
India Pvt. Ltd. and Aditya Birla Fashion & Retail.
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“Increasing
disposable income levels of consumers, and rising fashion consciousness among
kids is leading to increasing demand for branded kids apparel in India. Many
international companies are entering India kids apparel market, and are
launching products to attract kids. According to World Bank, GDP of India was USD1,581.59
in 2015. On account of rising GDP per capita, people in metro, Tier I and Tier
II cities are seeking value on the basis of characteristics such as quality and
durability. Further, increasing modernization is projected to boost growth in
India kids apparel market in the coming years.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“India Kids Apparel Market By
Category, By Gender, By Season, By Point of Sale, By Organized Vs Unorganized,
By Cloth Material, Competition Forecast and Opportunities, 2011 - 2021”
has evaluated the future growth potential of India kids apparel market and
provides statistics and information on market structure, size, share and future
growth of India kids apparel market. The report is intended to provide
cutting-edge market intelligence and help decision makers take sound investment
evaluation. Besides, the report also identifies and analyzes emerging trends
along with essential drivers, challenges and opportunities in India kids
apparel market.
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