RNCOS White Paper - Booming Footwear Market in India
RNCOS White Paper: Booming Footwear Market in India
“The Indian footwear market is expected to grow at a CAGR of more than 20% during 20122015”.
The footwear market in India has seen a wide transformation over the past years on the back
of fast changing retail scenario. The entry of numerous international players has resulted in
providing a significant boost to the Indian footwear market. According to our recent analysis,
India is regarded as the second largest global producer of footwear after China, accounting
for 13% of global footwear production. India produced 2065 Million pairs of footwear in 201213, out of which the production of leather footwear was about 1009 Million pairs (including
production of leather shoe uppers), and production of non-leather footwear was about 1056
Million pairs. Nearly 95% of India’s production goes to meet its own domestic demand.
Indian footwear industry was dominated by the unorganized sector with a share of 70% in
2012. The unorganized segment comprises of small cottage industry based manufacturers. The
organized sector comprising of major domestic and international players like Bata, Liberty,
Adidas and Metro etc, accounted for only 30% of the market. The organized segment is
incorporating advanced technologies in footwear production to increase its share in the
Citing opportunity areas in the industry, Shushmul Maheshwari, CEO - RNCOS said, major
opportunities lay behest the footwear market in India. For instance, domestic players can
form collaborations with international players and provide their expertise of labor intensive
manufacturing to them. Moreover, India can use the massive availability of raw materials like
hides, skins etc to its advantage by supplying finished leather to foreign footwear players
opening up stores in India, who otherwise have to import the same from other countries at
RNCOS acts as your growth partner in all your business endeavors, be it product launching,
geographic expansion, sales improvement, distributor/retailer tie-ups etc. We help make your
business flourish by studying the market dynamics, collating with your business and devising
the right strategies.
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RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer
in syndicate market research, our vision is to be a global leader in the industry research space
by providing research reports and actionable insights to companies across a range of
industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive
industry research studies, bespoke research and consultancy services to Fortune 1000, Trade
associations, and Government agencies worldwide.
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