Booming Men Apparel Market in India

Publication Date	February 2008
Publisher	RNCOS
Product Type	Report
Pages	70
ISBN Number	not applicable
Product Code	RCS00394

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Summary

The Indian men's apparel industry is expected to burgeon at a CAGR of 14.86% from 2008 to 2010, according to new research report Booming Men Apparel Market in India by RNCOS. The report gives an insight into the expanding men's apparel industry in India. It has been made to help clients in analyzing the opportunities, challenges and drivers critical to the success of men apparel industry.

The report segments the men's apparel industry into sub-sectors to provide a detailed overview of past and current performance (both in value and volume terms) of each segment. The segment-wise future outlook given in the report will help clients to identify the future growth spots and the niche markets to target.

The report helps clients to understand the Indian consumer behavior and their preferences and various distribution channels existing in the Indian market. In the backdrop of market trends, potential future growth areas, and challenges for the industry, RNCOS has given some recommendations for making it easier for clients to adjust their strategies according to the market and align them with changing market scenario.

Key Findings

Men's apparel industry will increase at a CAGR of 14.86% during the two-year period from 2008 to 2010.
The demand for ready-made garments in rural India will surge at a CAGR of 16.50% to reach Rs. 42918 Crore by 2010.
Increasing at a CAGR of 24%, branded apparel industry for men will cross Rs. 25,000 Crore by 2010.
Per capita GDP spending on apparel increased to 5.8% in 2006 from 4.9% in 2003.
In 2007, men's apparel industry was mainly dominated by shirts (in value terms) accounting for 36.5% of total men's segment.
The Indian fashion industry is expected to rise at a stupendous pace of 22.67% through 2012 from 2007.

Key Issues & Facts

What is the landscape of the Indian apparel industry by volume and value?
What is the market size and scope of men's apparel industry in India?
What are the current market trends?
Which factors are fuelling growth in this industry?
Which challenges and opportunities exist for the industry?
What is the business profile of key players operating in the industry?

Key Players

This section covers the business and financial profiles of domestic and major international players operating in the Indian men apparel industry, like Madura Garments, Provogue India Ltd., Raymond Apparel Ltd., Pantaloon Retail (India) Ltd., Levi Strauss & Co. etc.

Research Methodology

Information Sources

Information has been sourced from various credible sources, namely books, newspapers, trade journals, and white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to over 3000 paid databases.

Analysis Method

The analysis methods include ratio analysis, historical trend analysis, linear regression analysis using software tools, judgmental forecasting, and cause and effect analysis.

Content

1. Analyst View
2. India Apparel Industry Overview
- 2.1 By Value
- 2.2 By Volume
3. Men's Apparel Industry
- 3.1 By Segment
  - 3.1.1 Formal Wear
  - 3.1.2 Casual Wear
  - 3.1.3 Nightwear
  - 3.1.4 Woolens
  - 3.1.5 Others
4. Current Trends in the Industry
- 4.1 Changing Consumer Behavior
- 4.2 Per Capita Spending on Apparel
- 4.3 High Percentage of Shoppers
- 4.4 Increasing Investments
- 4.5 Rising Income & Growing Economy
- 4.6 Demographic Factors
- 4.7 Changing Retail Industry Landscape & Choice of Retail Channel
- 4.8 Competitive Advantage
5. Future Growth Areas for the Industry
- 5.1 Large Size Apparel
- 5.2 Branded Apparel
- 5.3 Shirts in Premium Segment
- 5.4 Rural Demand for Ready-made Clothing
- 5.5 Increasing Apparel Sourcing from India
- 5.6 Rising Consumption Levels
- 5.7 Online Sales
- 5.8 Expanding Consumer Class
- 5.9 Software Sales
- 5.10 Apparel & Textile Machinery
- 5.11 Fashion Industry
- 5.12 Abolishment of MFA
6. Roadblocks & Recommendations
- 6.1 Appreciating Rupee
- 6.2 Booming Real Estate
- 6.3 Economic & Regional Disparities
- 6.4 Competition from Low Cost Countries
- 6.5 Low Labor Productivity & Indian Labor Laws
7. Key Players
- 7.1 Madura Garments
- 7.2 Provogue India Ltd.
- 7.3 Raymond Apparel Ltd.
- 7.4 Pantaloon Retail (India) Ltd.
- 7.5 Levi Strauss & Co.
- 7.6 Koutons Retail India Ltd.
List of Figures:
- Figure 2-1: India - Apparel Market (in Rs Crore), 2002-2007E
- Figure 2-2: India - Forecast for Apparel Market (in Rs Crore), 2008-2010
- Figure 2-3: India - Apparel Market (in Billion Units), 2002-2006
- Figure 3-1: India - Men's Apparel Market (in Rs Crore), 2002-2007E
- Figure 3-2: India - Men's Apparel Market (in Billion Units), 2002-2007E
- Figure 3-3: India - Forecast for Men's Apparel Market (in Rs Crore), 2008-2010
- Figure 3-4: India - Breakup of Men's Apparel Market* by Segment (%), 2007E
- Figure 3-5: India - Men's Shirts Market (in Rs Crore), 2002-2007E
- Figure 3-6: India - Men's Shirts Market (in Million Units), 2004-2007E
- Figure 3-7: India - Forecast for Men's Shirts Market (in Rs Crore), 2008-2010
- Figure 3-8: India - Men's Suits, Jackets & Blazers Market (in Rs Crore), 2002-2007E
- Figure 3-9: India - Men's Suits, Jackets & Blazers Market (in Million Units), 2004-2007E
- Figure 3-10: India - Forecast for Men's Suits, Jackets & Blazers Market (in Rs Crore), 2008-2010
- Figure 3-11: India - Men's Trousers Market (in Rs Crore), 2002-2007E
- Figure 3-12: India - Men's Trousers Market (in Million Units), 2004-2007E
- Figure 3-13: India - Forecast for Men's Trousers Market (in Rs Crore), 2008-2010
- Figure 3-14: India - Men's T-Shirts Market (in Rs Crore), 2002-2007E
- Figure 3-15: India - Men's T-Shirts Market (in Million Units), 2004-2007E
- Figure 3-16: India - Forecast for Men's T-Shirts Market (in Rs Crore), 2008-2010
- Figure 3-17: India - Men's Casual Jackets Market (in Rs Crore), 2002-2007E
- Figure 3-18: India - Men's Casual Jackets Market (in Million Units), 2004-2007E
- Figure 3-19: India - Forecast for Men's Casual Jackets Market (in Rs Crore), 2008-2010
- Figure 3-20: India - Men's Nightwear Market (in Rs Crore), 2002-2007E
- Figure 3-21: India - Men's Nightwear Market (in Million Units), 2004-2007E
- Figure 3-22: India - Forecast for Men's Nightwear Market (in Rs Crore), 2008-2010
- Figure 3-23: India - Men's Woolens Market (in Rs Crore), 2002-2007E
- Figure 3-24: India - Men's Woolens Market (in Million Units), 2004-2007E
- Figure 3-25: India - Forecast for Men's Woolens Market (in Rs Crore), 2008-2010
- Figure 3-26: India - Men's Innerwear Market (in Rs Crore), 2002-2007E
- Figure 3-27: India - Men's Innerwear Market (in Million Units), 2004-2007E
- Figure 3-28: India - Forecast for Men's Innerwear Market (in Rs Crore), 2008-2010
- Figure 3-29: India - Men's Other Apparel Market (in Rs Crore), 2002-2007E
- Figure 3-30: India - Men's Other Apparel Market (in Million Units), 2004-2007E
- Figure 3-31: India - Forecast for Men's Other Apparel Market (in Rs Crore), 2008-2010
- Figure 4-1: India - Share of Branded & Unbranded Products in Men's Apparel Market (%), 2006
- Figure 4-2: India - Branded Men's Apparel Market (in Rs Crore), 2006 & 2007E
- Figure 4-3: India - Share of Ready-to-Wear & Tailor-made Products in Men's Apparel Market (%), 2006
- Figure 4-4: Per Capita GDP Spending on Apparel in Key Markets (%), 2003 & 2006
- Figure 4-5: India - Population who like to Shop for Apparel (%) & Shopping Trips (in Numbers) w. r. t. Other Countries (2006)
- Figure 4-6: India - Share of FDI in Textile Industry (%), Mar 2006
- Figure 4-7: India - Share of FDI in Textile Industry through TUFS Scheme (%), Mar 2006
- Figure 4-8: India - Personal Disposable Income (in US$ per Head), 2001-2007E
- Figure 4-9: India - Median Households Income (in US$), 2001-2007E
- Figure 4-10: India - Consumer Class* Population & Number of Households (in Million), 1995-1998, 2001-02 & 2006-07
- Figure 4-11: India - GDP (in Billion US$) & GDP Growth (%), 2001-2007E
- Figure 4-12: India - Share of Men's Population in Total Population (%), 2001-2007E
- Figure 4-13: India - Breakup of Retail Format by Choice for Apparel Shopping (%), 2006
- Figure 5-1: India - Obese Population (in Million), 2005 & 2015F
- Figure 5-2: India - Forecast for Branded Men's Apparel Market (in Rs Crore), 2008-2010
- Figure 5-3: India - Forecast for Men's Premium Shirts Market (in Rs Crore), 2008-2012
- Figure 5-4: India - Forecast for Demand of Ready-made Garments in Rural Market (in Rs Crore), 2008-2010
- Figure 5-5: India - Forecast for Apparel Sourcing (in Billion US$), 2008-2012
- Figure 5-6: India - Forecast for Number of Internet Users (in Million), 2008-2011
- Figure 5-7: India - Forecast for Number of Households Earning over US$ 5,000 (in Million), 2008-2012
- Figure 5-8: India - Forecast for Number of Households Earning over US$ 10,000 (in Million), 2008-2012
- Figure 5-9: India - Forecast for IT Revenue from Retail Industry (in Million US$), 2008-2012
- Figure 5-10: India - Forecast for Textile Machinery Demand (in Rs Crore), 2008-09 to 2011-12
- Figure 5-11: India - Fashion Industry (in Rs Crore), 2007E & 2012F
- Figure 6-1: India - Currency Exchange Rates (From US$ to Rs), Aug 2006 to Dec 2007*
List of Tables:
- Table 2-1: India - Apparel Market by Segment (in Rs Crore), 2002-2007E
- Table 2-2: India - Apparel Market by Segment (in Billion Units), 2002-2006
- Table 4-1: India - Number of Households by Income Group (in Million), 2002-2007E
- Table 4-2: India - Competitive Landscape w. r. t. Other Countries
- Table 6-1: India - Rental Charges w. r. t. Top Cities in World (in US$/Sq. Feet), Nov 2007