Tuesday, November 24, 2020


Indian apparel market by 2025

Mumbai: India’s apparel market has expected to note threefold rise from US $ 59 billion in 2015 to US $…

By gta_admin , in National News , at March 22, 2017 Tags:

Mumbai: India’s apparel market has expected to note threefold rise from US $ 59 billion in 2015 to US $ 180 billion by 2025, while China has been expected to lead the market at US $ 615 billion by 2025, growing at a CAGR of 10% as compared to US $ 237 billion in 2015. Indian apparel market will emerge as the fastest growing, expanding at a compounded annual growth rate (CAGR) of 11.8% and the consumption will also go up. This has been stated in a global textile report by Axis Direct. Apparel market in China are expected to expand at a CAGR of 10 % as compared to US $ 237 billion in 2015. The report has also predicted that India and China may cross Europe and US in terms of consumption by 2025. India and China jointly expected to use apparel worth US $ 795 billion growing by a CAGR of 10%. While the US and Europe by 2025 will have a market size of US $ 775 billion with a growth rate of 1.5%.

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