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Published
Oct 11, 2021
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Indian clothing, footwear market expected to reach $25.8 billion by 2025, says GlobalData

Published
Oct 11, 2021

The Indian clothing and footwear market is expected to grow at a compound annual growth rate (CAGR) of 21 percent to reach Rs 2,020 billion ($25.8 billion) by 2025, according to GlobalData, a leading data and analytics company. 
 

Indian clothing, footwear market expected to reach $25.8 billion by 2025, says GlobalData - https://marketing4ecommerce.mx/que-es-el-ecommerce/


The overall e-commerce sales from the country are expected to grow by 23 percent over the next five years to reach $119 billion.
 
The company’s survey noted that Myntra was a dominant player in the online clothing and footwear space with 52 percent, while Nike and Big Bazaar were second and third respectively.

Commenting on the survey, Ankita Roy, retail analyst at GlobalData in a statement said: “The rapid growth of the online channel shows further potential as shoppers are sticking to habits formed during the pandemic.”
 
“Although online shopping for clothes has been deterred by a lack of uniform sizing and complicated return policies, these issues have been addressed by online specialists like Myntra through a locally driven supply chain and ‘Style Exchange’ technology that helps shoppers find an accurate size and fit. With a growing demand for the online channel, brands/retailers must ramp up their digital operations to make headway in the market,” Roy added.
 
GlobalData’s survey included 500 Indian consumers aged over 16 years and was conducted in early July 2021.

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