Indian Sports Wear Market Poised for Stupendous Growth

Noida, UP India (PressExposure) February 16, 2011 -- According to our research report "Sports Wear Market in India", Indian sportswear market has been witnessing rapid growth for the past few years on the back of increasing per capita income, changing lifestyle, and consumer preferences. Changing lifestyle and favorable demographics have also created growth-oriented environment, which has grabbed the attention of all major domestic and international sportswear players to capitalize on this highly lucrative market. Moreover, it is expected that the sportswear market will reach to 1,159 Billion by 2014, growing at a CAGR of around 33% during 2010-2014.

Ongoing research found that the Indian economy has been showing tremendous growth for the past decade, resulting in the increased consumption levels and changing lifestyle. As one of the major growth drivers of the economy, the country has emerged as one of the fastest growing retail destinations worldwide. Indian consumers, who have traditionally been known as 'price sensitive', are now becoming more brand-conscious. With the changing lifestyle, sporting culture is fast catching up with the country's population, which is witnessing an increase in the demand for sports apparel and footwear.

The report outlines Indian sportswear market by segmenting it into various subsections, i.e. sports footwear and sports apparel, rural/urban divide, gender-wise demand projections, etc. It also elaborates the fact that there still remains a vast difference in buying habits and purchase decision-making patterns of Indian consumers. All such scenarios have been thoroughly discussed in the report.

"Sports Wear Market in India" provides strategic insight into the Indian sportswear market. By analyzing past and future aspects of the market, the report highlights the potential growth areas in the market and gives an overview on the market. It also evaluates the emerging trends in the concerned industry. Additionally, report provides intensive detail analysis of various segments under the sportswear market.

Our report also covers the industry forecast and analysis based on various macro- and microeconomic factors, sector and industry specific databases, and our in-house statistical and analytical model. Competitive landscape is also discussed in the report to provide clients a general overview of the market structure and growth prospects of various segments.

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Press Release Submitted On: February 16, 2011 at 2:48 am
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