India Luxury Apparels Market by Material (Cotton, Silk, Leather, Denim, and Others), Mode of Sale (Online and Offline), and Gender (Male and Female): Opportunity Analysis and Industry Forecast, 2018–2025
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May 2020 |
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Luxury apparels depict a certain status symbol of individuals who splurge discretionarily and have high purchasing power. India exhibits a diversity of cultures, and is one of the world's most lucrative markets for luxury brands. The success of luxury brands is majorly determined by their ability to innovate and perceive the complexities of the Indian market. The latest fashion trend offered by luxury apparel brands has led to increase in popularity among millennials. Rise in use of advanced digital technology and media for product marketing in developing economies has boosted the growth of the luxury apparels market in India over the past few years.
Increase in investment for product innovation to creating innovate designer apparels is a key factor that drives the growth of the luxury apparels market. This element creates a robust framework for the luxury apparel market in India. Strong economic growth in India and surge in tech-savvy consumers have led to increase in urbanization and higher disposable incomes, which in turn have propelled the growth of the luxury apparel market. Moreover, increase in retail presence of luxury brands along with new brands entering the country has resulted in strong performance of luxury apparel brands. However, heavy taxation, lack of suitable infrastructure, and availability of counterfeit brands restrain market growth.
Conversely, increase in penetration of e-commerce through social media platforms on digital devices has enabled consumers to choose from a wide variety of options. In addition, it serves as a convenient option for the buyers, since they are provided delivery of the product at their door step with easy return facility. These factor offer remunerative opportunities to luxury apparel manufacturers to grow their market base in the country.
The India luxury apparels market is segmented based on material, mode of sale, and gender. Depending on material, the market is categorized into cotton, silk, leather, denim, and others. By mode of sale, it is segregated into online and offline. On the basis of gender, it is bifurcated into male and female.
The major players in the market include Ralph Lauren Corporation, Christian Dior, Coach, Inc., Tommy Hilfiger USA Inc., Burberry Group, Inc., Nike, Inc., Guess, Inc., Juicy Couture, CANALI S.P.A., and Gant AB.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides an extensive analysis of the current and emerging trends and dynamics in the India luxury apparel market.
- In-depth analysis is done by constructing market estimations for the key market segments to identify the prevailing market opportunities.
- This study evaluates the competitive landscape and value chain to understand the competitive environment across the geographies.
- Comprehensive analysis of factors that drive and restrict the market growth is provided.
Key Market Segments
By Material
- Cotton
- Silk
- Leather
- Denim
- Others
By Mode of Sale
- Online
- Offline
By Gender
- Male
- Female
Key Market Players
- Ralph Lauren Corporation
- Christian Dior
- Coach, Inc.
- Tommy Hilfiger USA Inc.
- Burberry Group, Inc.
- Nike, Inc.
- Guess, Inc.
- Juicy Couture
- CANALI S.P.A.
- Gant AB
1. INTRODUCTION
1.1. Report description
1.2. Key benefits
1.3. Key market segments
1.4. Research methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tool & model
2. EXECUTIVE SUMMARY
2.1. CXO Perspective
3. MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategies
3.3. Porter’s five force analysis
3.4. Market share analysis, 2016
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
4. INDIA LUXURY APPARELS MARKET, BY MATERIAL, 2017-2023
4.1. Overview
4.1.1. Market size and forecast
4.2. Cotton
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast
4.3. Silk
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast
4.4. Leather
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast
4.5. Denim
4.5.1. Key market trends, growth factors and opportunities
4.5.2. Market size and forecast
4.6. Others (Chiffon, Wool)
4.6.1. Key market trends, growth factors and opportunities
4.6.2. Market size and forecast
5. INDIA LUXURY APPARELS MARKET, BY MODE OF SALE, 2017-2023
5.1. Overview
5.1.1. Market size and forecast
5.2. Offline
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast
5.3. Online
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast
6. INDIA LUXURY APPARELS MARKET, BY GENDER, 2017-2023
6.1. Overview
6.1.1. Market size and forecast
6.2. Male
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast
6.3. Female
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast
7. COMPANY PROFILES
7.1. Ralph Lauren Corporation
7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Business performance
7.1.4. Operating business segments
7.1.5. Strategic moves and developments
7.2. Christian Dior
7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Business performance
7.2.4. Operating business segments
7.2.5. Strategic moves and developments
7.3. Coach, Inc.
7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Business performance
7.3.4. Operating business segments
7.3.5. Strategic moves and developments
7.4. Tommy Hilfiger USA Inc.
7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Business performance
7.4.4. Operating business segments
7.4.5. Strategic moves and developments
7.5. Burberry Group, Inc.
7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Business performance
7.5.4. Operating business segments
7.5.5. Strategic moves and developments
7.6. Nike, Inc.
7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Business performance
7.6.4. Operating business segments
7.6.5. Strategic moves and developments
7.7. Guess, Inc.
7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Business performance
7.7.4. Operating business segments
7.7.5. Strategic moves and developments
7.8. Juicy Couture
7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Business performance
7.8.4. Operating business segments
7.8.5. Strategic moves and developments
7.9. CANALI S.P.A.
7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Business performance
7.9.4. Operating business segments
7.9.5. Strategic moves and developments
7.10. Gant AB
7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Business performance
7.10.4. Operating business segments
7.10.5. Strategic moves and developments
We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:
- Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.
Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, web-casts and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast
Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develops analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth and forecasts
Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:
- Chief executives and VPs of leading corporations specific to industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)
Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
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