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  • Of Retail Industry: Key Growth Drivers

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    Shubhashree Soubhagyarashmi
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    The Indian retail industry is experiencing rapid growth and is becoming a major industry in India. The retail sector is expanding beyond urban areas into rural regions as well. It is expected that India's retail industry will expand over 80% in the next five years. The apparel retail market in India is currently worth $46 billion and is projected to reach $115 billion by 2026. The market can be broken down into men's wear, women's wear, and kidswear. Women's wear and kidswear are expected to see high growth rates of around 10% over the next decade. Both large retailers and small boutique stores make up the apparel market in India. Large retailers benefit from economies of scale while

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    The Indian retail industry is experiencing rapid growth and is becoming a major industry in India. The retail sector is expanding beyond urban areas into rural regions as well. It is expected that India's retail industry will expand over 80% in the next five years. The apparel retail market in India is currently worth $46 billion and is projected to reach $115 billion by 2026. The market can be broken down into men's wear, women's wear, and kidswear. Women's wear and kidswear are expected to see high growth rates of around 10% over the next decade. Both large retailers and small boutique stores make up the apparel market in India. Large retailers benefit from economies of scale while

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    © All Rights Reserved
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    58 views2 pages

    Of Retail Industry: Key Growth Drivers

    Uploaded by

    Shubhashree Soubhagyarashmi
    The Indian retail industry is experiencing rapid growth and is becoming a major industry in India. The retail sector is expanding beyond urban areas into rural regions as well. It is expected that India's retail industry will expand over 80% in the next five years. The apparel retail market in India is currently worth $46 billion and is projected to reach $115 billion by 2026. The market can be broken down into men's wear, women's wear, and kidswear. Women's wear and kidswear are expected to see high growth rates of around 10% over the next decade. Both large retailers and small boutique stores make up the apparel market in India. Large retailers benefit from economies of scale while

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Growth of Indian

    1 The Indian retail industry undergoes major Apparel retail


    revolutions. Retailing in India is gradually industry

    becoming the next boom industry. In India, CAGR


    there will be the fastest growth in retailing and
    real estate. The consumer buying patterns and
    $115 bn
    behaviour are changing steadily. The growth
    of India's retail sector not only limited to urban
    areas but also growing in rural areas. In the $46 bn
    OVERVIEW
    next five years, it is expected that, India's retail
    OF RETAIL industry will expand more than 80%. 2017 2026E
    INDUSTRY
    The current apparel retail market worth Rs
    Key Growth Drivers 2,97,091 crore (US $46 billion) and is expected
    to reach Rs 7,48,398 crore (US $115 billion) by
    Entry of international brands 2026
    High margins, increased preference for The Indian apparel market can be broadly
    branded apparel classified into mens wear, womens wear and
    Changes in preferences kidswear. Currently, mens wear holds major
    The fast growing economy share in the apparel market. It accounts for 41
    Large young consuming population in the per cent of the total market
    country In Indias high-growth, fast-changing retail
    major shifts in consumer preferences apparel market, with significant new growth
    Increasing disposable income opportunities for both foreign and domestic
    brand awareness and increasing tech- players. As a result of it, Indian apparel
    savvy millennial population industry is witnessing some specific trends
    The Indian apparel market can be broadly classified into
    - mens wear, Current market
    - womens wear share
    - Kidswear.
    It is estimated that over the next decade womens wear and kids wear Men's wear
    will demonstrate high CAGR of 9.9 and 10.5 per cent respectively 21%
    resulting in rise in market share of these categories. 41% Women's
    wear
    Both, mens wear and womens wear is expected to contribute 39 38% Kid's wear
    per cent each to the total market in 2026, with kidswear accounting for
    the rest 22 per cent.

    A number of large, well-branded retailers make up a chunk of the apparel market, but many smaller
    businesses, such as boutique and niche apparel stores, are part of the market, too.
    The larger apparel retailers have an advantage over smaller shops since they get better pricing from
    suppliers because they buy such large quantities of apparel. That means their profit margin is
    greater and they can offer better retail pricing to their customers. Smaller apparel retailers make
    up for the high pricing they pay for wholesale retail apparel by selling certain types and styles of
    clothing rather than offering everything for everyone like many larger apparel stores.
    The apparel industry is characterised by a number of factors which make it unique, namely:
    - Short lifecycle
    - High volatility
    - Low predictability
    - High impulse purchase

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