India Footwear Market 2024-2030

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    INDIA FOOTWEAR MARKET

     

    INTRODUCTION

    Footwear is the apparel which will be worn for the feet to protect our feet from any infections and avoid any minor injuries. The Indian footwear industry has seen many changes in customer choices and buying patterns. 

    Earlier it was considered as an essential item, slowly it is getting lifestyle purchases where consumers are considering footwear as a Luxury.

     

    Infographic-India Footwear Market, India Footwear Market Size, India Footwear Market Trends, India Footwear Market Forecast, India Footwear Market Risks, India Footwear Market Report, India Footwear Market Share

    There are three categories of footwear depending on the structural features. 

    1. Motion Control
    2. Neutral
    3. Stability

     

    INDIA FOOTWEAR MARKET SIZE AND FORECAST

     

    The India Footwear Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

     

    INDIA FOOTWEAR MARKET RECENT DEVELOPMENTS

     

    Sl. No Company Year Developments
    Paragon July, 2021
    • Paragon assigned Media mandate  following multi-agency pitch to Wavemaker India.
           2. Liberty Feb, 2022
    • LIBERTYZENO launched a new range of Easter collections.
           3. Khadim’s Feb, 2022
    • Khadim’s registered 190 percent YoY growth in PBT for Q3FY22.
           4. VKC Footwear Sep, 2021
    • VKC Pride launched new collection EEZY by introducing a new technology in PU footwear manufacturing in India.
           5. Bata Mar, 2022
    • Bata shoe museum launched a virtual exhibition exploring canadian figure skating.
           6. Relaxo Footwear Ltd Feb, 2022
    • Relaxo Footwear Ltd standalone Dec, 2021 net sales at Rs. 743.52 crore, up10.64% YoY.

     

    INDIA FOOTWEAR MARKET RECENT LAUNCH

    Tata Cliq has launched athletic footwear brand Haka One One in India through its e-commerce portal Tata Cliq Luxury, with a range of its running shoes, sneakers, and slip-ons, with 60 various shoe designs ranging from brilliantly colored sneakers to basic flip-flops. The campaign will comprise a series of short movies titled “Time to Celebrate the Joy of Movement.”

     

    Haka One One was established in 2009 in France. Decker’s Outdoor Corporation, the parent corporation, now runs the business, which is situated in California.

     

    The ‘Ecoz’ range of sustainable footwear is introduced by Mochi Shoes. The Ecoz collection by Mochi is composed entirely of recycled PET bottles. Ecoz’s range includes elegant men’s shoes produced from recycled PET bottles that are converted into recycled yarn, which is then converted into fabrics. Mochi is well-known for its fashionable footwear.

     

    Ecoz shoes are suitable for a variety of occasions, including travel, work, dating evenings, and everything in between. To guarantee that your shopping experience is not jeopardized, all Mochi locations have adhered to government-issued safety procedures.

     

    Ajanta Shoes has introduced the first-ever “Made in India” smart footwear. The footwear manufacturer Ajanta Shoes revealed The Navigator, a 66-year-old smart shoe created in India that is driven by gyroscopic technology and inspired by artificial intelligence.

     

    The Impact athleisure collection and the smart sneaker were also on display on Thursday. Users can access features like more accurate step counting, workout tracking, fall detection, quick phone dialing, access to music apps and websites, and other changes with only a few touches or foot motions.

     

    The smart shoe is made in India with the majority of its components originating from the country in order to take use of the huge potential for technical innovation inherent within the Indian manufacturing sector. 

     

    “The Impact collection was developed to inspire everyday people to participate in sports. This was accomplished using knowledge of the most innovative method of producing shoes. The Navigator, they continued, is the only smart shoe created in India and predominantly using Indian materials, and they predicted that it will completely change the footwear market.

     

    Ajanta is in a good position to benefit from the expanding Indian footwear market and boost its market share through aggressive national expansion. The smart shoe, which draws inspiration from artificial intelligence, offers customization choices in addition to step and fitness tracking, fall detection, quick phone dialing, and access to music apps.

     

    The Impakto line was developed to inspire individuals to participate in sports. This involved comprehending the most innovative way to make shoes. The Navigator is set to change the footwear industry because it is the only smart shoe created and manufactured in India, with a large percentage of Indian materials.

     

    There are now 137 Ajanta Shoes outlets in India. The introduction of the first smart shoe made in India fills me with the highest excitement. This is a big technological advancement for the footwear market in India.

     

    INDIA FOOTWEAR MARKET INNOVATION

    Innovation, technology help the Indian sports footwear market step into the future. Shoes made for sports and other outdoor activities are referred to as athletic footwear.

     

    To meet the demands and budgets of various clients, the market offers a range of footwear in a variety of colors, styles, and prices. The need for comfortable yet fashionable footwear only grows as the athleisure movement does.

     

    The Puma line has a wide variety of color choices and trendy silhouettes that go well with anything, from work to a night out with friends. Regarding performance, the company has unveiled modern trainers with cutting-edge technologies like Hybrid and Weave XT that provide more flexibility and quicker movement.

     

    Whether worn for exercise or just for everyday wear, trainers are increasingly in demand. It has seen tremendous success in India’s trainer sector. Our expansion is being aggressively fueled by the rising popularity of sportswear in everyday wear and for use on numerous occasions.

     

    In spite of their high price tags in a value-conscious market like India, several of our most well-known products, such as Thunder, RS-O, and RS-X, have had tremendous success. In addition, athletic firms’ technology has advanced significantly since they started to seriously compete with one another for the best footwear with the most attractive designs.

     

    The association with Virat Kohli’s athleisure brand one8, which Puma co-created and which clocked in the first year of launch, or the reintroduction of iconic trainers like the Puma Suede.

     

    which has a rich sporting heritage and is now a popular street style, are just a few examples of how Puma continues to focus on and invest in products that set the brand apart from competitors in the market.

     

    Skechers has been increasing its visibility while continuously broadening its product line. Kids, fashion and lifestyle, sports-inspired, sandals and robes, golf, training, walking, jogging, and work shoes are all included in the shoe portfolio.

     

    The ‘Explore’ and ‘FPS’ collections from Fila have recently been released. The legacy of the company in the outdoor adventure-inspired lifestyle market served as the inspiration for the limited edition collection called Explore.

     

    It is further split into the categories of Elements, Canyon, Woods, and Mountains. The Fila Performance System, or FPS, stands for technical performance shoes with a trendy edge. Some shoes in the collection use BOA technology, a laceless closing mechanism that customizes to the wearer’s foot and comfort.

     

    Then there is Seven, which offers everything a customer needs for sports, including footwear for a variety of sports and for working out at the gym.

     

    Shoes from the Seven Insanity, Unicorn, Prive, Cliff, Signac, and Cricket Spike brands are included in the brand’s most recent collection. The newest innovations in the market are incorporated into every Seven product category while maintaining comfort and elegance.

     

    INDIA FOOTWEAR MARKET NEW TECHNOLOGY

    Sensing-triggered stiffness-tunable smart adhesives. In challenging applications as alien manipulation in a hostile space environment or for operating ultrathin/fragile/dust-free silicon wafers, bioinspired dry adhesives have unmatched technological benefits.

     

    This may be due to the special properties of dry adhesives, which can overcome the application bottleneck of standard operating tactics by offering high adhesion, good stability, environmental adaptability, and no harm or contamination to the target surface.

     

    For instance, sucking with negative pressure may readily result in stress concentrations, and mechanical clamping necessitates the design of target items to match.

     

    Significant advancements have been achieved in dry adhesives over the past 20 years in the areas of attachment/detachment control techniques, adhesive devices or systems, and interface action mechanisms (geometrical forms, material mechanical properties, etc.). 

     

    The use of artificial dry adhesives in robots has shown considerable promise. However, there is still a significant difference between bio-inspired adhesives and living tissues, particularly in terms of the plasticity of the surface and the capacity to switch between attachment and detachment.

     

    As opposed to the conventional biomimetic adhesive technique, which primarily focuses on structural geometry, a sensing-triggered stiffness-tunable smart adhesive material combines the functionalities of muscle tissues and sensory neurons. 

     

    Conformal contact, shape locking, and active releasing are accomplished by modifying the stiffness depending on the magnetorheological effect, which is authorized by real-time sensing of the interface contact state.

     

    A millisecond-level attachment/detachment reaction is effectively obtained thanks to the quick switching of the magnetic field, breaking the adhesive materials’ bottleneck for high-speed manipulation. Any toe’s surface structure can benefit from the creative design, which creates a new path for the creation of adhesive materials.

     

    INDIA FOOTWEAR MARKET NEW PRODUCT LAUNCH

     

    With its cutting-edge AI-designed and conceptualized shoes, Comforz-Desh Ka Footwear is ready to revolutionize the footwear business. The company caters to people who value both comfort and style in their footwear selections by attempting to offer the ideal balance between the two.

     

    They created Comforz-Desh Ka Footwear to meet the needs of those who spend a lot of time on their feet in response to the growing demand for footwear that provides outstanding comfort throughout prolonged wear.

     

    These shoes are designed to offer unmatched comfort and reduce pressure on the knees and spine, making them ideal for professionals, healthcare workers, and anyone who engages in physically demanding activities.

     

    The use of artificial intelligence (AI) in the design process distinguishes Comforz-Desh Ka Footwear from other firms. These shoes were painstakingly designed by their team using cutting-edge technology to offer an unrivalled level of support and cushioning.

     

    To design shoes that adapt to the specific demands of the person, AI algorithms examine multiple data sources, including movement patterns and foot shape. The creation of Comforz-Desh Ka Footwear was made possible by years of research, technological development, and in-depth knowledge of the requirements of those who value comfort above all else without sacrificing fashion.

     

    The goal is to offer a solution for those who spend lengthy periods of time on their feet and need shoes that not only give the utmost in comfort but also support general well-being.

     

    The footwear line Comforz-Desh Ka features a style that combines ergonomic features with modern looks. A notably more comfortable stride is guaranteed throughout the day thanks to the sophisticated cushioning system, which greatly decreases strain on joints.

     

    The lightweight design of the shoes further improves mobility without compromising toughness, ensuring a worthwhile investment for buyers. In addition to the exceptional comfort it provides, Comforz-Desh Ka Footwear features a wide variety of styles that cater to various preferences and occasions.

     

    The company guarantees users may look and feel their best in any setting with a variety of traditional formal designs, casual, and sporty options. The standards of comfort and style in the footwear business are redefined via careful attention to detail and the use of premium materials.

     

    The firm intends to disrupt the market with its AI-designed and conceptualized footwear and attract customers looking for a premium footwear brand that prioritises both comfort and style. By carrying on its legacy of excellence and innovation, Comforz-Desh Ka Footwear is poised to further establish Footwear Group’s position as a market leader.

     

    Comforz-Desh Ka Footwear will be offered for sale online and in a few retail locations beginning  so that people can experience the ground-breaking combination of comfort and style. Comforz-Desh Ka Footwear promises to be the ideal companion for anyone looking for unmatched comfort without sacrificing fashion-forward designs, whether it’s a long day at the office or a weekend loaded with activities.

    INDIA FOOTWEAR MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. How many Footwear are manufactured per annum in India? Who are the sub-component suppliers in different regions?
    2. Cost breakup of India Footwear and key vendor selection criteria
    3. Where is the Footwear manufactured? What is the average margin per unit?
    4. Market share of India Footwear market manufacturers and their upcoming products
    5. Cost advantage for OEMs who manufacture India Footwear in-house
    6. key predictions for next 5 years in India Footwear market
    7. Average B-2-B Footwear market price in all segments
    8. Latest trends in India Footwear market, by every market segment
    9. The market size (both volume and value) of the India Footwear market in 2024-2030 and every year in between?
    10. Production breakup of India Footwear market, by suppliers and their OEM relationship

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2024-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2024-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2024-2030
    21 Product installation rate by OEM, 2023
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
       
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