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India Luxury Apparels Market 2020 Top Key Players, Size, Share, Demand, Opportunities And Forecasts To 2025

04-20-2020 12:01 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

India Luxury Apparels Market

India Luxury Apparels Market

Luxury apparels depict a certain status symbol of individuals who splurge discretionarily and have high purchasing power. India exhibits a diversity of cultures, and is one of the world's most lucrative markets for luxury brands. The success of luxury brands is majorly determined by their ability to innovate and perceive the complexities of the Indian market. The latest fashion trend offered by luxury apparel brands has led to increase in popularity among millennials. Rise in use of advanced digital technology and media for product marketing in developing economies has boosted the growth of the luxury apparels market in India over the past few years.

Extensive analysis regarding how the COVID-19 outbreak affects the India Luxury Apparels Market
: https://www.alliedmarketresearch.com/request-sample/4905

Increase in investment for product innovation to creating innovate designer apparels is a key factor that drives the growth of the luxury apparels market. This element creates a robust framework for the luxury apparel market in India. Strong economic growth in India and surge in tech-savvy consumers have led to increase in urbanization and higher disposable incomes, which in turn have propelled the growth of the luxury apparel market. Moreover, increase in retail presence of luxury brands along with new brands entering the country has resulted in strong performance of luxury apparel brands. However, heavy taxation, lack of suitable infrastructure, and availability of counterfeit brands restrain market growth.

Conversely, increase in penetration of e-commerce through social media platforms on digital devices has enabled consumers to choose from a wide variety of options. In addition, it serves as a convenient option for the buyers, since they are provided delivery of the product at their door step with easy return facility. These factor offer remunerative opportunities to luxury apparel manufacturers to grow their market base in the country.

KEY BENEFITS FOR STAKEHOLDERS
o This report provides an extensive analysis of the current and emerging trends and dynamics in the India luxury apparel market.
o In-depth analysis is done by constructing market estimations for the key market segments to identify the prevailing market opportunities.
o This study evaluates the competitive landscape and value chain to understand the competitive environment across the geographies.
o Comprehensive analysis of factors that drive and restrict the market growth is provided.

Key Market Segments

By Material
o Cotton
o Silk
o Leather
o Denim
o Others

By Mode of Sale
o Online
o Offline

By Gender
o Male
o Female

Key Market Players
o Ralph Lauren Corporation
o Christian Dior
o Coach, Inc.
o Tommy Hilfiger USA Inc.
o Burberry Group, Inc.
o Nike, Inc.
o Guess, Inc.
o Juicy Couture
o CANALI S.P.A.
o Gant AB

For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/4905

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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