Professional Documents
Culture Documents
Indian Textile and Apparel Market To Grow by 14.2% Up Until The Year 2024 - ResearchAndMarkets - Com - Business Wire
Indian Textile and Apparel Market To Grow by 14.2% Up Until The Year 2024 - ResearchAndMarkets - Com - Business Wire
Indian Textile and Apparel Market To Grow by 14.2% Up Until The Year 2024 - ResearchAndMarkets - Com - Business Wire
By continuing to browse this Business Wire site (and/or any other Busines
website), you accept the use of cookies. Learn more (/portal/site/home/privacy/)
I agree
Indian Textile and Apparel Market to Grow by 14.2% up Until the Year
2024 - ResearchAndMarkets.com
July 09, 2019 06:45 AM Eastern Daylight Time
DUBLIN--(BUSINESS WIRE)--The "Indian Textile and Apparel Market: Industry Trends, Share, Size, Growth, Opportunity
and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.
The Indian textile and apparel market was worth US$ 102.2 Billion in 2018. The market is further projected to reach US$
225.7 Billion by 2024, growing at a CAGR of 14.2% during 2019-2024.
Textile is a term widely used for referring to woven fabrics, yarns, and fibers made from jute, polyester, cotton, wool, etc. In
India, the textile and apparel industry is one of the oldest industries that has witnessed numerous developments over the
years. The modern textile industry, however, came into recognition in the early 19th century with the establishment of the
first textile mill in Calcutta.
Today, the textile and apparel market has become a vital contributor to the Indian economy. This can be attributed to the
abundant availability of raw materials used for manufacturing apparel such as cotton, silk, wool, etc. The Government is
also making investments under the Scheme for Integrated Textile Parks and the Technology Upgradation Fund Scheme for
training workforce and to encourage private investment in the Indian textile and apparel industry.
India represents the largest producer of jute and cotton and the second-largest producer of silk. Due to the high
abundance of raw materials coupled with cheap labour costs, the cost of manufacturing textile and apparel is significantly
lower than many other competing countries.
India currently has one of the world's largest young population. Currently around half of the total population is below 25
years of age. This age group represents one of the biggest consumer group of textiles and apparel and is expected to
drive the spending over the next five years.
Catalyzed by increasing penetration of the internet, online retailing has witnessed strong growth in the country. Consumers
are now looking for ease of shopping, multiple options, better offers, and easy return policies. The growth in online sales
has enabled the textile industry to reach consumers residing across every corner of the nation.
Due to a change in buying habits, consumers are now shifting from need-based clothing to aspiration-based clothing.
Contrary to previous years, where Indian consumers purchased fashion items as and when required, buying clothes has
become more than a basic need; it is now a reflection of aspiration, personality, and a status symbol. Though basic textiles
continue to represent a part of the consumer's basket, the demand for aspirational clothing has increased significantly in
recent years.
Key Topics Covered:
1 Preface
This site
2.1 Objectives uses
of the cookies.
Study By continuing to browse this Business Wire site (and/or any other Busines
website), you accept the use of cookies. Learn more (/portal/site/home/privacy/)
2.2 Stakeholders
3 Executive Summary
4 Introduction
4.1 Overview
ThisBreakup
6.4 Market site uses cookies.
by States By continuing to browse this Business Wire site (and/or any other Busines
website), you accept the use of cookies. Learn more (/portal/site/home/privacy/)
6.5 Market Breakup by Raw Material
6.9.1 Overview
6.9.2 Strengths
6.9.3 Weaknesses
6.9.4 Opportunities
6.9.5 Threats
6.10.3 Weavers
6.10.5 Wholesalers
6.10.6 Exporters
6.10.7 Retailers
6.10.8 End-Users
6.11.1 Overview
This
6.13 Key site uses
Success cookies.
and Risk Factors By continuing to browse this Business Wire site (and/or any other Busines
website), you accept the use of cookies. Learn more (/portal/site/home/privacy/)
7 Market Breakup by States
7.4 Gujarat
7.5 Karnataka
7.6 Others
10.1 Yarn
10.1.1 Market Trends
10.2 Fabric
This
10.3 Fibre site uses cookies. By continuing to browse this Business Wire site (and/or any other Busines
website), you accept the use of cookies. Learn more (/portal/site/home/privacy/)
10.4 Others
13.1 Welspun
Contacts
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Clothing, Textiles
This site uses cookies. By continuing to browse this Business Wire site (and/or any other Busines
website), you accept the use of cookies. Learn more (/portal/site/home/privacy/)
I agree