Indian Textile & Apparel Market: $198 Billion Opportunity & Forecast (2018-2023) - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 20, 2018--The “Indian Textile and Apparel Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023” report has been added to ResearchAndMarkets.com’s offering.
The Indian textile and apparel market was worth US$ 90 Billion in 2017. The market is further projected to reach US$ 198 Billion by 2023, at a CAGR of around 14% during 2018-2023.
India represents the largest producer of jute and cotton, and the second largest producer of silk. Due to the high abundance of raw materials coupled by cheap labour costs, the cost of manufacturing textile and apparel is significantly lower than many other competing countries.
India currently has one of the world’s largest young population. Currently around half of the total population is below 25 years of age. This age group represents one of the biggest consumer group of textiles and apparel and is expected to drive the spending over the next five years.
Catalyzed by increasing penetration of the internet, online retailing has witnessed strong growth in the country. Consumers are now looking for ease of shopping, multiple options, better offers and easy return policies. The growth in online sales have enabled the textile industry to reach consumers residing across every corner of the nation.
Breakup by Application
The textile and apparel market has been segmented on the basis of applications which mainly include clothing, technical, household and fashion. Amongst these, clothing is the largest segment.
Breakup by Raw Material
Based on raw materials, the market has been segmented into natural and man-made fibers. Currently, natural fibers represent the largest segment.
Breakup by Product Type
On the basis of product type, the market has been categorized into yarn, fabric and fiber. Amongst these, yarn is the most popular product type.
Breakup by State
On a regional basis, Maharashtra represents the largest market for textiles and apparels in India. Some of the other major markets include Uttar Pradesh, Tamil Nadu, Gujarat and Karnataka.
Key Topics Covered
2 Scope and Methodology
3 Executive Summary
5 Global Textiles and Apparels Market
6 India Textiles and Apparels Market
7 Market Breakup by States
8 Market Breakup by Raw Material
9 Market Breakup by Application
10 Market Breakup by Product Type
11 Competitive Landscape
12 Textiles and Apparels Manufacturing Process
13 Profile of Key PlayersWelspun Vardhman Group Alok Industries Limited Raymond Limited Bombay Dyeing Garden Silk Mills Limited
For more information about this report visit https://www.researchandmarkets.com/research/mlwwx6/indian_textile?w=4
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KEYWORD: INDIA ASIA PACIFIC
INDUSTRY KEYWORD: TEXTILES MANUFACTURING
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 12/20/2018 06:50 AM/DISC: 12/20/2018 06:50 AM