Indian footwear industry analysis available
The Indian footwear market is set to experience phenomenal growth in the coming years, according to an Indian Footwear Industry Analysis report that is now available from Companies and Markets.
The in-depth analysis on the market, offering forecasts based on a correlation between past market growth and growth of base drivers.
According to the report, the Indian footwear retail market is expected to grow at a compound annual growth rate of more than 20% for the period 2008-11. Footwear is expected to account for approximately 60% of the country’s total leather exports by 2011 compared with just over 38% in 2006-07.
The Indian footwear market is currently dominated by the men’s footwear market, which accounts for almost 58% of the total Indian footwear retail market. Casual footwear constitutes nearly two-thirds of the total footwear retail market.
