This document provides an overview of the Indian sportswear market for a global brand looking to enter. It discusses that sportswear includes clothing and footwear worn for exercise. The Indian market size is $1.3 billion and growing at 33% annually due to increasing health awareness. Leading brands like Adidas and Reebok control over 70% of the market. The document recommends the new brand focus on footwear first to gain market share and brand awareness, then expand into other sports apparel. A SWOT analysis identifies opportunities in India's young population but also threats from competition and need for brand building. A marketing strategy outlines sponsoring sports events, expanding retail stores, and promotions. Further market research steps are outlined.
Clothing made specifically for Sporting & Athletic pursuits
Active/Sportswear is one of the most lucrative segments within Knits apparel
Performance clothing help to remain cool, comfortable and dry through moisture management and other techniques
Polyester has come up as a favorite of performance apparel market as it can be engineered to wick moisture away from the body
Market Research Report : Sportswear Market in India 2011Netscribes, Inc.
For the complete report, get in touch with us at : info@netscribes.com
The sportswear market in India is a niche segment of the retail industry and is witnessing significant growth as Indians are increasingly becoming health and fitness conscious. Increasing number of sports events and activities is providing the players an opportunity for growth and expansion. The market is estimated to be worth INR 50 bn in 2010 and is expected to reach INR 120 bn by 2020. Sportswear include apparels, footwear and accessories.
The report provides a brief overview of the sportswear industry including market size, growth, apparel market segmentation & the share of sportswear in it and sportswear related annual imports and exports.
An analysis of drivers explain growth factors such as increasing health and fitness consciousness amongst Indians, increased spending power, increase in number of sports events, unsaturated market and increasing organized retail space. The key challenges identified include low sports participation rate, competition from unorganized players, poor state of sports infrastructure in the country and imposition of excise duty. The key trends identified include players sponsoring sports events and teams, tie-ups between renowned Indian designers and the players and sportswear brand endorsements by prominent celebrities.
The competition section provides an overview of the competitive landscape in the industry and includes a brief profile of the major domestic and international players in the market along with their financials.
Market Research Reports, Inc. has announced the addition of “Footwear Market in India 2014” research report to their offering. See more at- http://mrr.cm/44J
Clothing made specifically for Sporting & Athletic pursuits
Active/Sportswear is one of the most lucrative segments within Knits apparel
Performance clothing help to remain cool, comfortable and dry through moisture management and other techniques
Polyester has come up as a favorite of performance apparel market as it can be engineered to wick moisture away from the body
Market Research Report : Sportswear Market in India 2011Netscribes, Inc.
For the complete report, get in touch with us at : info@netscribes.com
The sportswear market in India is a niche segment of the retail industry and is witnessing significant growth as Indians are increasingly becoming health and fitness conscious. Increasing number of sports events and activities is providing the players an opportunity for growth and expansion. The market is estimated to be worth INR 50 bn in 2010 and is expected to reach INR 120 bn by 2020. Sportswear include apparels, footwear and accessories.
The report provides a brief overview of the sportswear industry including market size, growth, apparel market segmentation & the share of sportswear in it and sportswear related annual imports and exports.
An analysis of drivers explain growth factors such as increasing health and fitness consciousness amongst Indians, increased spending power, increase in number of sports events, unsaturated market and increasing organized retail space. The key challenges identified include low sports participation rate, competition from unorganized players, poor state of sports infrastructure in the country and imposition of excise duty. The key trends identified include players sponsoring sports events and teams, tie-ups between renowned Indian designers and the players and sportswear brand endorsements by prominent celebrities.
The competition section provides an overview of the competitive landscape in the industry and includes a brief profile of the major domestic and international players in the market along with their financials.
Market Research Reports, Inc. has announced the addition of “Footwear Market in India 2014” research report to their offering. See more at- http://mrr.cm/44J
This presentation talks about the footwear industry in India and the world. Business prospects for the footwear industry, market for the footwear industry, growth and other factors. Here we have targeted a single country for export, what prospects and implications can come in the way.
This footwear market analysis is done for one of the leading footwear brands in India in order to compare itself with the largest players in the global footwear industry using porter's five forces and SWOT analysis.
This presentation talks about the footwear industry in India and the world. Business prospects for the footwear industry, market for the footwear industry, growth and other factors. Here we have targeted a single country for export, what prospects and implications can come in the way.
This footwear market analysis is done for one of the leading footwear brands in India in order to compare itself with the largest players in the global footwear industry using porter's five forces and SWOT analysis.
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Sportswear or activewear is clothing, including footwear, worn for sport or physical exercise. Sport-specific clothing is worn for most sports and physical exercise, for practical, comfort or safety reasons.
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Athleisure is a fashion trend of wearing casual and comfortable clothing that can be worn for exercise as well as normal day wear. Leggings, hoodies, denim jackets, canvas sneakers, and cotton caps are some of the examples of athleisure. Athleisure was introduced into the fashion industry in order to innovate something new in the market. Rising popularity of fitness resulted in many sports brands improvising clothes for athletic performance as well as for a leisure lifestyle. Giant athletic brands started to become more athleisure wear brands. As per Business Insider, in 2015, the retail industry growth remained flat whereas athleisure sales grew by 12%.
RESEARCHINTRODUCTIONAs people these days are concerned abo.docxaudeleypearl
RESEARCH
INTRODUCTION
As people these days are concerned about their fitness. So, nowadays people are engaging themselves into sports and fitness activities. Trend is changing as people used to pass their time by doing household work in the past and now people started falling towards sports and fitness activities. Due to this change in trend, the sports and fitness apparel stores started earning more profits as they used to before the trend.
So, in this report we are going to research as consultants to an investor who wants to invest money into these apparel stores. Our ultimate agenda for this report will be to research the sports and fitness apparel market globally, its trends, players in this market, growth in this industry.
SCOPE OF SPORTS AND FITNESS APPAREL IN GLOBALMARKET
With theincrease in the awareness of the importance of sports and fitness in the life routine. People are becoming more conscious towards their health and sports and fitness companies have seen a tremendous growth in their sales or revenue of different sports and fitness wears. Nowadays the most demanding sports are Football, Swimming, Aerobics and the fitness activities such as Yoga, Gym and so on. Some of the highest grosser in this industry are Nike, Adidas, New Balance, Puma etc. Scope of this industry is increasing day by day and will bloom in the future too.
Not only these companies but some companies have come up as winners and are giving competition to these established brands. Each brand has build up their own strategies it might be growth strategy or market strategy. Not only the developed countries but developing or emerging countries in Asia such as India are viewed as having a great market for the sports and fitness apparel and it is estimated that India will become the highest grossing market for these products. In this ongoing growth phase,the industry is able to see many product launches, partnerships which will help further in growing this market. E-commerce will also play a significant role towards increasing the sales for these stores. Most of the brands have already started selling their products through some of these online markets such as Amazon.
MARKETING MIX
A marketing mix is a tool used to determine the best way to market a product or service. It is a combination of broad factors that address different aspects of marketing. The best-known and most basic marketing mix is known as the four Ps of marketing: product, price, place, and promotion(Gilstein& Julia. posted by Salem press Encyclopedia, 2018. 2p. retrieved on September 21,2019 from conestoga college library).
Marketing Mix includes four elements or consists of 4Ps-:
1. Product- Product is a commodity that are presented to the customers. In this case, there are many products that are related to sports and fitness.
2. Price- Price is the rate at which a customer agrees to buy a product. Many companies make different strategies such as lower cost strategy which is used by companies to a ...
Health is indeed wealth: Opportunities in Sports, Fitness and Wellness (SFW) ...Praxis Global Alliance
This report includes market sizing, growth opportunities, drivers of growth in the sports, fitness and wellness space. This report also highlights the growing trend and funding startups in this space.
The classroom activities to think and plan business plan for sample company. This business plan not related to the real plan for Adidas AG. For more exchange in ideas please comment. Thank you.
Footwear segment is unique as it demonstrates highest branded penetration @44.5% across
lifestyle and retail categories. This sizable, branded segment will continue to witness traction
to reach 50% penetration by 2021
Similar to Sportwear_ Indian Market_Harsha GV (20)
2. What is a Sportswear?
Demographics
Market Size and Growth
Leading Brands and Share
Strategy to Enter the Market
SWOT Analysis
Marketing Strategy
Next steps for detailed analysis
3. What is a Sportswear?
• Sportswear or activewear is clothing, including footwear, worn for sport or
physical exercise. Sport-specific clothing is worn for most sports and physical
exercise, for practical, comfort or safety reasons.
• Typical sport-specific garments include shorts, tracksuits, T-shirts, tennis shirts
and polo shirts. Specialized garments include wet suits (for swimming, diving or
surfing) and salopettes (for skiing) and leotards (for gymnastics). Sports
footwear include trainers. It also includes some underwear, such as the
jockstrap and sports bra. Sportswear is also at times worn as casual fashion
clothing.
4. Demographics
• India has 17.5 % of the World’s population
• India has more than 50% of its population below the age of 25 and more than
65% below the age of 35. It is expected that, in 2020, the average age of an
Indian will be 29 years.
• The population in the age-group of 15-34 increased from 353 million in 2001 to
430 million in 2011. Current predictions suggest a steady increase in the youth
population to 464 million by 2021.
• With half of the Indian population being 25 years or younger, the Indian youth
are independent, and have a great sense of brand awareness. For instance,
there is a growing awareness among them about the different types of
sportswear available for different activities like tennis, squash, running etc.
5. Market Size and Growth
• The athletic apparel and footwear industry in India has witnessed a phenomenal growth over
the past seven years and now occupies a place of prominence in the Indian economy in
terms of its massive potential for employment generation and export. The industry has
witnessed brisk growth in the last few years driven by the rising income levels, amending
lifestyles and the entry of foreign players in the industry post liberalization.
• India athletic apparel market: $1.3 billion industry by 2017
• The sportswear retail market in India is estimated at INR365.8 billion and is expected to grow
at a robust CAGR of 33% during 2010–2014. The market includes sports apparel, footwear
and accessories, with footwear being the largest segment, accounting for around 60% of the
total market.
• Key factors in this industry include increased awareness of healthy lifestyles, and a growth in
jogging, training and workouts.
• With global integration, the modifying workplace customs and with the culture of many IT
and MNCs having in-house gymnasiums or sponsoring their employees for fitness activities
such as gymnasiums, golf and yoga, the demand for sports apparel is surging.
6. Leading Brands and Share
6%
11%
16%
21%
46%
OTHER BRANDS
*Reebok- Adidas combine is the market leader in India
7. Strategy to Enter the Market
The company entering the Indian market should start by
launching “FOOT WEAR” in a bigger way.
All the leading Brands in the Indian market have more than
50% of market share in foot wear.
This helps the brand to get easily penetrate into each
household , create brand awareness, loyalty. Which would
help “SPORTS WEAR”
8. WEAKNESS
Late entry to the market. (Reebok & NIKE entered in
1995)
In the initial years won’t be able to cater to all the
segments.
Large network of stores not available.
Brand awareness.
First Brand needs to create a strong penetration in the
market by selling Foot wear
Need to follow the market leader while pricing.
SWOT Analysis
STRENGHTS
Global level player – good brand image.
Provide good global quality product.
Global brand ambassador to attract the consumers.
Have wide variety of clothes ,designs, qualities to cater
all the segments , gender and age groups
Competitive low price with quality by outsourcing to
global suppliers.
Introducing new collection with interesting design , using
fun colors to jazz up the brand.
9. OPPORTUNITY
$1.3 Billion market by 2017
CAGR of 33% (2010-2014)
25 group population in India highest in the world.
Online retail market expected CAGR -37% -potential for
Sportswear online retail to grow substantially
Young and educated population getting attracted to sports
and fitness.
Increasing -consuming population , discretionary spend and
disposable income.
Emerging Tier 2(26 cities) & 3 (33 cities)markets
Growing Organized retail.
Threats
To many players in the market & new competitors entering
very fast.
Low pricing strategy adopted by competitors.
Low profit margin difficult to survive in long run.
4 global brands having a market share of more than 70%+
and strong loyal consumers base.
Poor Sports infrastructure
Heavy competition from unorganized market and local players.
Excise duty on imports increase the cost burden & pricing.
10. Marketing strategy
Getting associated with major sports events
Opening large network of stores first in 5 Metros , followed by Tier 2 & 3
markets.
Creating a strong brand image in the market by placing it above the competitors
Conducting inter collegiate and inter school sports event at the same time
advertising the brand aggressively.
Co sponsors in marathon , music concert , beauty pageants and body building.
Promoting the brand in all sports club
Projecting the brand as “One Stop shop” to meet all your needs for you and
your family.
Having a strong presence in the social network by getting users exposed to all
the information and new trends about the brand & its products.
Approaching big corporate company and conducting shows and events.
Having tie ups with largest network of fitness GYM, Yoga classes , dance
institution, Sports academy.
Showing the advertisements in Movie theaters, malls, movie ads, radio
Newspaper, television.
11. Next steps for detailed analysis
Retail Panel
Understand Sub categories, colors sizes and shapes.
Study the market by measures- sales value, units and share.
Study the market by Place: All India , Urban , 5 metros, Tier 2, Tier 3 metros, States.
Try to understand which brand dominates more in which markets & the segments covered
by them
Household Panel
Understand the category and brand level.
Penetration ,Value Share .
Loyalty ( Solus , Core , Non Core user)
New buyers and Repeat buyers
Purchase frequency
Indian Readership Survey
Understand the category at the overall level irrespective of brand used
Category Usage
Duration of wearing
Times in a day week month
Used for A)Casual B)Sports C)Fitness or D)B&C Both
Study the market by : Male and Female across age groups ,across Children's , Teens ,
Adult, 60+ , across LSM 1-11+.