Navi Mumbai, Maharashtra India (PressExposure) June 20, 2011 -- India is standing on the threshold of a retail revolution and witnessing fast changing retail scenario, with footwear market set to experience phenomenal growth in coming years. Besides, the entry of numerous international players has had a significant impact on the Indian footwear market and the demand for Indian footwear will continue to grow in future as well, says our recent report, "Indian Footwear Market Forecast 2014".
According to our latest study on the sector, Indian footwear industry possess significant potential with overall market anticipated to grow at a CAGR of around 9% during 2011-2014. The report thoroughly discusses factors, which will drive the growth of the footwear market during the forecast period.
Our research highlights that, the success mantras for footwear market in India lies in the advantages offered by the country, such as low labor cost, skilled working professionals, etc. Footwear industry in the country ranked second across the globe after China in terms of production. Additionally, it is the main growth driver of the overall leather exports from the country, with majority of the share acquired by footwear components and leather & non-leather footwear.
The report covers various aspects of the Indian footwear market. It presents detail analysis of the footwear market in terms of segment (men, women, and kid), category (casuals, mass, sports, premium). Each section sufficiently explains the current and future market trends, and developments in the Indian footwear market. Our research foresees immense opportunities for various industry players including domestic as well as international.
Besides, we have comprehensively analyzed the emerging trends, like medical shoe and e-commerce, which are expected to prevail in near future. This will help clients in understanding the present and future outlook of the footwear market and developments in the country. Further, the study also evaluates various strategies that will boost the footwear market in India.
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