RNCOS

RNCOS White Paper: Booming Premium Footwear Market in India

Press Release   •   Dec 12, 2013 15:13 IST

Premium footwear market is fast gaining popularity in the Indian market. Earlier, bags were the entry points for consumers buying luxury brands in the country. However, this trend is fast changing and consumers are shifting towards buying premium footwear. According to our recent analysis, the premium footwear market in India is expected to reach INR 774 Crore by 2016-17.

The luxury footwear market in India is dominated by men’s footwear. However, the share of the men’s premium footwear market is coming down. The share has declined from 70% to 60% over the last few years as the women’s footwear segment which is currently underleveraged, is becoming a target market for the luxury brands.

Analyzing the developments in the industry, Shushmul Maheshwari, CEO - RNCOS said, major opportunities lie behest the premium footwear market in India. For instance, with the growth in premium footwear market in India, various foreign brands are eyeing India as a lucrative market. Domestic players can cash upon this opportunity by forming collaborations and providing their expertise of labor intensive manufacturing to the foreign players. Moreover, the women’s and kid’s premium footwear segments are under-penetrated in India. Thus, players in these segments have the opportunity to tap this market with new products.

RNCOS acts as your growth partner in all your business endeavors, be it product launching, geographic expansion, sales improvement, distributor/retailer tie-ups etc. We help make your business flourish by studying the market dynamics, collating with your business and devising the right strategies.

To get a complimentary copy of the white paper, please visit: http://rncos.com/Industry-Whitepapers.htm

ABOUT RNCOS

RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.