In India, the footwear market has been growing at a rapid pace for the past few years on back of liberalized framework and globalization. According to a new research report by RNCOS, the country’s highly labor-intensive industry offers various advantages, such as skilled working professionals. Rising disposable incomes and emerging brand-conscious class make India the most lucrative footwear market for organized retail players. Presently, India enjoys the status of being the world’s second largest footwear producing country and the third largest consuming nation. Considering such developments, it is estimated that the market will expand at a CAGR of around 14% during 2012-2014.
Research Analysis and Highlights
The 90-page report, “Indian Footwear Market Forecast 2014”, provides an in-depth research and rational analysis of the current status and expected position of the footwear industry in India. The comprehensive study facilitates forecasts for various market segments, like men’s and women’s footwear, and sub-categories including casual and formal shoes. The extensive research work also discusses the potential of online footwear retail market in the country. The Indian footwear industry’s recent trends, key players, export market and distribution channels have been included in the report, which also provides an overview of various government initiatives for the sector.
Some of the report’s key highlights include:
Online retail market in the Indian footwear industry has evolved as one of the fastest growing segments.
Footwear market for youngsters represents the highest opportunity segment for organized players.
With the rising health concerns, medical shoes are the latest trend in the Indian footwear industry.
Sports footwear market is surging at a CAGR of 18% due to increasing sports craze among youth.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM310.htm
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