IMARC Group’s latest research report, titled “Indian Textile and Apparel Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the market. The Indian textile and apparel industry research report also includes competitor and regional analysis, and contemporary advancements in the market. The Indian textile and apparel market size reached US$ 172.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 387.3 Billion by 2028, exhibiting a growth rate (CAGR) of 14.59% during 2023-2028.
Indian Textile and Apparel Market Overview:
The Indian textile and apparel industry holds a prominent position globally, known for its rich heritage, craftsmanship, and diverse range of textiles. It encompasses a wide spectrum of products, including traditional and modern textiles, garments, accessories, and home furnishings. It has a long-standing tradition of textile production, with regions renowned for specific types of fabrics and techniques.
From handloom textiles, such as Banarasi silk, Kanjeevaram silk, and Chanderi cotton to block prints, embroidery, and intricate weaving, Indian textiles are celebrated for their artistry and cultural significance. These traditional textiles continue to succeed alongside modern and contemporary designs, catering to both domestic and international markets.
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Indian Textile and Apparel Market Trends:
The large and growing population of India, with a significant portion belonging to the middle class, acts as a driver for the domestic market. This can be attributed to inflating disposable incomes, rapid urbanization, and changing lifestyles of the masses. Moreover, the country has a competitive advantage in terms of cost-effectiveness, skilled labor, and diverse textile production capabilities.
Indian textile and apparel exports are sought after in global markets, which is acting as a growth-inducing factor. Furthermore, technological advancements and innovation in the textile and apparel industry are further impelling the demand. The adoption of modern manufacturing techniques, machinery, and processes has improved production efficiency and quality. The integration of technology in design, production, and supply chain management has led to faster turnaround times, customization options, and escalated competitiveness.
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Key Market Segmentation:
Breakup by Application:
- Clothing Textiles
- Technical Textiles
- Fashion Textiles
- Home-Decor Textiles
- Other Textiles
Breakup by Raw Material:
- Natural Fibres
- Man-Made Fibres
Breakup by Product Type:
- Yarn
- Fabric
- Fibre
- Others
Breakup by State:
- Maharashtra
- Uttar Pradesh
- Tamil Nadu
- Gujarat
- Karnataka
- Others
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
TOC for the Indian Textile and Apparel Market Research Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Indian Textile and Apparel Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
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