RNCOS White Paper - Booming Premium Footwear Market in India
1. RNCOS White Paper: Booming Premium Footwear Market in India
“The premium footwear market is expected to grow at a CAGR of more than 26% during
2012-13 to 2016-17”.
Premium footwear market is fast gaining popularity in the Indian market. Earlier, bags were
the entry points for consumers buying luxury brands in the country. However, this trend is
fast changing and consumers are shifting towards buying premium footwear. According to our
recent analysis, the premium footwear market in India is expected to reach INR 774 Crore by
2016-17.
The luxury footwear market in India is dominated by men’s footwear. However, the share of
the men’s premium footwear market is coming down. The share has declined from 70% to 60%
over the last few years as the women’s footwear segment which is currently underleveraged,
is becoming a target market for the luxury brands.
Analyzing the developments in the industry, Shushmul Maheshwari, CEO - RNCOS said, major
opportunities lie behest the premium footwear market in India. For instance, with the growth
in premium footwear market in India, various foreign brands are eyeing India as a lucrative
market. Domestic players can cash upon this opportunity by forming collaborations and
providing their expertise of labor intensive manufacturing to the foreign players. Moreover,
the women’s and kid’s premium footwear segments are under-penetrated in India. Thus,
players in these segments have the opportunity to tap this market with new products.
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.
To get a complimentary copy of the white paper, please visit: http://rncos.com/IndustryWhitepapers.htm
ABOUT RNCOS
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.
RNCOS E-Services Pvt. Ltd.
Shushmul Maheshwari
Chief Executive
B-129, Sector 6 Noida - 201301
91-120-4224-700
91-120-4224-707
press@rncos.com
http://www.rncos.com
