Noida, UP India (PressExposure) April 28, 2011 -- According to our research report "Indian Footwear Market Forecast 2014", premium footwears are increasingly gaining hold in the rapidly growing footwear market in India. Although the share of premium segment is comparatively low, with increasing demand and rising income level of the personnel, it is expected to grow in the coming years. Besides, various initiatives taken by the market players and rising demand from the upper middle class people are expected to drive the market growth. We expect that the Indian premium footwear market will surge at a CAGR of around 16% during 2011-2014.
According to our ongoing analysis, both domestic and international players are increasingly investing huge amount in establishing outlet or manufacturing units across different regions of the country. Further, players are entering into strategic collaboration with other peers to maintain their growth momentum. Besides, our research report covers various catalyst factors that are propelling the market.
The research report covers various aspects of the Indian footwear market. It presents detail analysis of the footwear market in terms of various segments (men, women, and kid), category (casuals, mass, sports). Each section sufficiently explains the current and future market trends and developments in the Indian footwear market by analyzing the ongoing developments and consumer behavior analysis. Our research foresees immense opportunities for various industry players including both domestic as well as international.
"Indian Footwear Market Forecast 2014" explains 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. However, the rapidly growing demand from end consumers is also emerging as one of the main growth drivers. Indian footwear industry ranks second around the globe after China in terms of production. Additionally, it is the main growth driver of the overall leather export from the country, with majority of the share held by footwear components and leather & non-leather footwear.
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 the clients in understand the present and future outlook of the footwear market and developments across the country. The study also evaluates various strategies that will boost the footwear market in India.
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