Technopak Consultants is one of India's leading management consulting companies. The company held its second Technopak Textile and Garment Industry Leadership Forum on September 2 in Mumbai.
The Forum invited more than 150 leaders of the textile and apparel industry and representatives of the Ministry of Textiles. The meeting debated relevant management frameworks, domestic and foreign market growth expectations and opportunities, and made suggestions. There were also major challenges facing the textile and clothing industry.
Technopak's research report on textile and clothing forecasts:
The women's clothing market has grown by 12% annually, which is higher than the annual growth rate of 9% for men's wear. By 2020, women's market share will reach 43%.
India's domestic textile and apparel market is expected to grow by 11% (per compound annual growth rate) and will reach Rs 6,56,000 in 2020.
High-growth categories include women's casual wear, underwear, sportswear, children's wear, women's western-style clothing, oversized clothing, underwear, overalls and uniforms, technical textiles and home textiles.
One of the highlights of this year's forum is the research outline released by Technopak, which shows some interesting trends. The research outline points out that even now, men's wear has occupied a large part of the apparel market (43%), but the women's growth rate is 12%, which is higher than that of men's wear. The growth rate of men's wear is 9%. Due to this high growth, women’s market share is expected to reach 43% in 2020, and women’s market share is currently 37%. In addition, the growth rate of children's wear is also very fast, with the growth rate of girls' clothing being 11% and that of boys' clothing growing at 10%.
The Forum invited more than 150 leaders of the textile and apparel industry and representatives of the Ministry of Textiles. The meeting debated relevant management frameworks, domestic and foreign market growth expectations and opportunities, and made suggestions. There were also major challenges facing the textile and clothing industry.
Technopak's research report on textile and clothing forecasts:
The women's clothing market has grown by 12% annually, which is higher than the annual growth rate of 9% for men's wear. By 2020, women's market share will reach 43%.
India's domestic textile and apparel market is expected to grow by 11% (per compound annual growth rate) and will reach Rs 6,56,000 in 2020.
High-growth categories include women's casual wear, underwear, sportswear, children's wear, women's western-style clothing, oversized clothing, underwear, overalls and uniforms, technical textiles and home textiles.
One of the highlights of this year's forum is the research outline released by Technopak, which shows some interesting trends. The research outline points out that even now, men's wear has occupied a large part of the apparel market (43%), but the women's growth rate is 12%, which is higher than that of men's wear. The growth rate of men's wear is 9%. Due to this high growth, women’s market share is expected to reach 43% in 2020, and women’s market share is currently 37%. In addition, the growth rate of children's wear is also very fast, with the growth rate of girls' clothing being 11% and that of boys' clothing growing at 10%.
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