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Indian Textile and Apparel Market to Grow by 14.2% up Until the Year 2024 - ResearchAndMarkets.com

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.

Indian Textile and Apparel Market Drivers:

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

2 Scope and Methodology

2.1 Objectives of the Study

2.2 Stakeholders

2.3 Data Sources

2.3.1 Primary Sources

2.3.2 Secondary Sources

2.4 Market Estimation

2.4.1 Bottom-Up Approach

2.4.2 Top-Down Approach

2.5 Forecasting Methodology

2.6 Study Assumptions

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Textiles and Apparels Market

5.1 Market Overview

5.2 Market Performance

5.3 Market Breakup by Product Type

5.4 Market Breakup by Application

5.5 Market Breakup by Raw Material

5.6 Market Breakup by Region

5.7 Market Forecast

6 India Textiles and Apparels Market

6.1 Market Overview

6.2 Market Performance

6.3 Price Trends

6.3.1 Key Price Indicators

6.3.2 Current and Historical Price Trends

6.4 Market Breakup by States

6.5 Market Breakup by Raw Material

6.6 Market Breakup by Product Type

6.7 Market Breakup by Application

6.8 Market Forecast

6.9 SWOT Analysis

6.9.1 Overview

6.9.2 Strengths

6.9.3 Weaknesses

6.9.4 Opportunities

6.9.5 Threats

6.10 Value Chain Analysis

6.10.1 Raw Material Suppliers

6.10.2 Yarn Producers

6.10.3 Weavers

6.10.4 Textile Manufacturers

6.10.5 Wholesalers

6.10.6 Exporters

6.10.7 Retailers

6.10.8 End-Users

6.11 Porter's Five Forces Analysis

6.11.1 Overview

6.11.2 Bargaining Power of Buyers

6.11.3 Bargaining Power of Suppliers

6.11.4 Degree of Rivalry

6.11.5 Threat of New Entrants

6.11.6 Threat of Substitutes

6.12 Government Initiatives

6.13 Key Success and Risk Factors

7 Market Breakup by States

7.1 Maharashtra

7.1.1 Market Trends

7.1.2 Market Forecast

7.2 Uttar Pradesh

7.3 Tamil Nadu

7.4 Gujarat

7.5 Karnataka

7.6 Others

8 Market Breakup by Raw Material

8.1 Natural Fibres

8.1.1 Market Trends

8.1.2 Market Forecast

8.2 Man-Made Fibres

9 Market Breakup by Application

9.1 Clothing Textiles

9.1.1 Market Trends

9.1.2 Market Forecast

9.2 Technical Textiles

9.3 Fashion Textiles

9.4 Home-Decor Textiles

9.5 Other Textiles

10 Market Breakup by Product Type

10.1 Yarn

10.1.1 Market Trends

10.1.2 Market Forecast

10.2 Fabric

10.3 Fibre

10.4 Others

11 Competitive Landscape

11.1 Market Structure

11.2 Key Players

12 Textiles and Apparels Manufacturing Process

12.1 Product Overview

12.2 Detailed Process flow

12.3 Various Types of Unit Operations Involved

12.4 Raw Material Requirements

13 Profile of Key Players

13.1 Welspun

13.2 Vardhman Group

13.3 Alok Industries Limited

13.4 Raymond Limited

13.5 Bombay Dyeing

13.6 Garden Silk Mills Limited

For more information about this report visit https://www.researchandmarkets.com/r/5bcrkq

View source version on businesswire.com: https://www.businesswire.com/news/home/20190709005450/en/

SOURCE: Research and Markets

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Related Topics: Clothing, Textiles

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