India Ethnic Wear Market to Grow at 10% CAGR through 2022, Expects RNCOS E-Services in Its New Report Recently Added at MarketPublishers.com20 Nov 2017 • by Natalie Aster
LONDON – India’s ethnic wear market has exhibited robust growth over the past few years, along with wider acceptance on the back of the elevating disposable incomes and increasing number of working women in the country. Moreover, the cultural and religious diversity of India (where a slew of occasions is celebrated) also gives a boost to the domestic ethnic wear market.
Today, traditional clothing witnesses gradual transformation towards modern designs, thus, representing a fusion of ethnic wear with western wear in order to associate with young population. The rapidly increasing female population and rising female workforce in India open lucrative opportunities in for the domestic market players to tap the surging demand for ethnic wear.
At present, saree accounts for a 47% share of India’s ethnic wear market, followed by salwaar kameez and lehenga.
India’s ethnic wear market is poised to maintain sustainable growth at a 10% CAGR from 2018 to 2022.
The new research report “Women Ethnic Wear - The Changing Paradigm” drawn up by RNCOS E-Services gives an all-round analysis of India’s ethnic wear market, provides a detailed assessment of the market segmentation on the basis of products and types. Besides, it offers a clear picture of the market dynamics, examines the major market growth restraints and drivers, points out the emerging growth challenges and prospects, canvasses the hottest issues and prevailing trends, and also reviews the most recent developments and changes. Moreover, this topical report delves into the competitive scene, covers the major market players, evaluates the country’s market growth potential as well as gives access to future forecasts through 2022.
For many other in-demand research reports by this publisher visit the RNCOS E-Services catalogue at MarketPublishers.com.