India Sports Apparel Market to Grow with a steady pace until FY2026
Increasing health awareness
among the population is driving the growth of India Sports Apparel Market in
the forecast years.
According to TechSci report
on, “India
Sports Apparel Market By Product Type (T-shirts, Sweatshirts, Sports Vests,
Track Pants & Tights, Others {Swimsuits, Sports Hoodies, Sports Bra}) By
End User (Men, Women, Kids) By Distribution Channel (Exclusive
Stores, Supermarket/Hypermarket, Multi-branded Stores, Online, Others) By
Company By Region, Competition Forecast & Opportunities, FY2026”, India sports apparel market has shown promising growth in historical years
until FY2019 and is expected to continue its growth in upcoming forecast years
FY2021 to FY2026. India sports apparel market owes its growth to the factors
like increasing brand awareness among the population. Rising income and
availability of that for improving the standards of living is driving the
growth of India sports apparel market, positively. Moreover, female and kid
population of the country is getting involved in the sports activities actively
thereby creating a demand pit for better and efficient sports apparel which in
turn is driving the market growth in the forecast period.
Indian sports
sector is booming, on the laurels that various players from the country are
getting. Players are not confined in mainstream sports like cricket, football,
and hockey, but players are also winning world renowned medals in home games
like, wrestling, kabaddi, yoga, etc. thus demand for complete and proper attire
for the sportsperson is increasing the market exponentially.
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The report on India
sports apparel market is segmented by product type, end
user, distribution channels and regions. Based on distribution channel, the
segments are further categorised into exclusive stores,
supermarket/hypermarket, multi-branded stores, online, and others. Exclusive
stores are brand related stores that only supply the apparels of a particular
brand and provide the customer satisfaction of original brand product. Whereas
multi-branded stores are often sportswear stores that own franchises of the
brands thereby providing the customers with a wider selection choice from
multiple brands at a time.
Indian economy
was widely affected by the pandemic that set foot in early FY2020 and India sports
apparel market was not untouched. While observing the lockdown, consumers were
not able to visit multiple distribution channels and could only order the products
online. The
online retail is expected to gain major revenue shares thus driving the growth
in Indian sports apparel market in the forecast yeas. After observing a
setback, sports apparel market is expected to revisit its growth and show a
promising future. Furthermore, increasing popularity for apparels by Indian
icons and preference of the population toward these icons and their suggestions
for respective brands, drives the sports apparel market growth too.
Some of
the top players in the India Sports apparel Market are, Under Armour Sports
Ware (India) Private Limited, Fila Sport India Private Limited, Adidas India
Marketing Pvt Ltd., Nike India Pvt Ltd., Puma Sports India Pvt Ltd., Ralph
Lauren India Liaison office, Columbia Sportswear Company, Adi Sports India Pvt
Ltd, Campus Sutra Retail Private Limited, HRX by Hrithik Roshan, among others.
The companies are involving themselves into research and development for the
methods of better quality, and various quality analysis tests to provide the
better products.
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“India sports apparel market is expected to witness significant growth
during the forecast period. Moreover, domestic players can focus on the cheaper
products amidst all the top brands in the market. Increased brand promotion by
the Bollywood stars and sports person would aid domestic businesses. New investors
may explore these production technologies and processes to influence their
businesses,” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“India Sports Apparel
Market By Product Type (T-shirts, Sweatshirts, Sports Vests, Track Pants &
Tights, Others {Swimsuits, Sports Hoodies, Sports Bra}) By End User (Men,
Women, Kids) By Distribution Channel (Exclusive Stores,
Supermarket/Hypermarket, Multi-branded Stores, Online, Others) By Region,
Competition Forecast & Opportunities, FY2026” has evaluated the future growth potential of India sports
apparel market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in India Sports apparel
market.
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