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NewswireTODAY - /newswire/ -
London, United Kingdom, 2008/10/16 - Report Buyer, the online destination for business intelligence for major industry sectors, has added a new report providing an overview and forecast of the footwear market in India.
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According to the report “Indian Footwear Industry Analysis” the Indian footwear retail market is anticipated to surge at a compound annual growth rate (CAGR) of more than 20% during 2008-2011.
Rising brand and fashion awareness along with the improving living standard are expected to accelerate growth in the Indian footwear industry, so that it will gradually turn into a brand-driven market.
The report says that the taste of Indian consumers is gradually inclining towards casual, cleaner and younger styles. With rising global travelling and increased media penetration, awareness about international trends and lifestyles has increased among domestic consumers. Furthermore, casual footwear has grown increasingly popular with workplace actualisation; the new trend has resulted in the expansion of the casual footwear market to an estimated volume of 860 million pairs at the end of 2007 against 2006, representing a straight growth of nearly 8.4%. Significantly, this segment now has a share of more than 60% in the overall footwear retail market in India.
The report provides an exhaustive research and rational analysis on Indian footwear market. This extensive research will help clients to identify market trends and evaluate the leading-edge opportunities critical to the success of the footwear market in the country. This study gives an invaluable overview on the various factors driving the footwear industry, together with the forces that are blocking the growth of the industry.
“Indian Footwear Industry Analysis” is available from Report Buyer. For more information, see website.
Report Buyer product ID: RCS00399
About Report Buyer
Report Buyer is a UK-based independent online store supplying business information. The website now carries over 85,000 business information products, including market reports, studies, books and events. Subscribers receive a free monthly newsletter and email alerts on new titles in their areas of interest. A regularly updated blog provides information on the latest market trends.
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