The women apparel retailing in India is witnessing rapid development despite the ongoing financial crisis, says RNCOS in its new research report, “Women Wear Market Forecast to 2010″. The market is undergoing a series of transformation driven by changing consumer psyche and evolving market dynamics. Besides, changing fashion statement, rising awareness, media exposure and entry of large number of foreign brand outlets have further given thrust to women’s apparel industry and also to the dressing style of Indian women.
We have found that the organized women’s wear market is still at the nascent stage, facing all those problems the branded men’s wear encountered in the eighties. Only 15% of women’s apparel market was organized in 2007, while 85% of the market was controlled by the unorganized players. However, we anticipate that the organized retailing will represent more than 20% of the total women’s wear market by 2010. This change in the market will be driven by increasing number of working women, improvement in purchasing power and yearlong promotion and discount schemes that result in the requisite platform for the future growth of the industry.
Despite its own levels of challenges, organized women’s wear market will grow and emerge as the key segment for retailers in coming years. Although the organized market development slows down for a while, it will not be sufficient enough to hamper the growth momentum in long term.
“Women Wear Market Forecast to 2010″ comprises comprehensive research and rational analysis of the developments and trends observed in the Indian women apparel industry. The report gives a detailed overview of various segments of the women apparel industry, with focus on evaluating the driving forces for the industry. It also underlines the opportunity areas for industry players and gives thorough information of the challenges that the industry will face in near future.
The report provides segmented analysis, current market trends, forecast and the potential growth areas. The information covered in the report helps clients to understand the market dynamics and align their business strategies according to the market trend.
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About RNCOS:
RNCOS, incorporated in the year 2002, is an industry research firm. We are a team of industry experts who analyze data collected from credible sources. We provide industry insights and analysis that helps corporations to take timely and accurate business decision in today’s globally competitive environment.
