India Sports Apparel Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0192219
  • Format: Electronic (PDF)
  • Number of Pages: 180
  • Author(s): Joshi, Madhavi

Report Overview

The India Sports Apparel Market size was estimated at USD 1.8 billion in 2023 and is projected to reach USD 3.8 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 11.50% during the forecast period (2024-2030).

India Sports Apparel Market

(Market Size)
$1.8 billion
$3.8 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 11.50%
2023 Market Size USD 1.8 billion
2030 Market Size USD 3.8 billion
Key Players Nike, Adidas, Puma, Decathlon, Under Armour

Market Summary

The India sports apparel market represents a dynamic and rapidly expanding segment within the consumer goods industry, driven by a confluence of increasing health consciousness, rising disposable incomes, and the growing influence of both international and domestic sporting events. This market caters to a diverse consumer base ranging from professional athletes to the vast population of fitness enthusiasts who are embracing active lifestyles. The product range is extensive, encompassing performance-oriented clothing designed for specific sports like cricket, football, and running, as well as athleisure wear that blends functionality with fashion for casual use. The retail landscape is equally varied, with a strong presence of organized retail chains, exclusive brand outlets, and a rapidly growing e-commerce sector that is making these products accessible to a wider audience across the country. The competitive environment is characterized by the fierce rivalry between global giants such as Nike, Adidas, and Puma and strong domestic players like Decathlon, SSIPL, and Dream11's entry into merchandising, all vying for market share through innovation, branding, and extensive distribution networks.

Key Highlights

The market is distinguished by several key highlights that underscore its growth trajectory and potential. There is a significant and ongoing consumer shift from unbranded to branded apparel, as consumers increasingly associate brands with quality, performance, and status. The athleisure trend is a major force, blurring the lines between sportswear and everyday casual wear, thereby expanding the use cases and driving purchase frequency. Innovation in fabric technology is paramount, with brands heavily investing in moisture-wicking, anti-odor, and quick-dry materials to enhance athletic performance and comfort. Sustainability is also emerging as a critical differentiator, with companies introducing product lines made from recycled materials in response to growing environmental awareness among consumers. Furthermore, strategic endorsements and sponsorships of national teams, cricket leagues like the IPL, and popular athletes remain a cornerstone of marketing strategies, effectively building brand loyalty and driving sales among a sports-crazy population.

Drivers, Opportunities & Restraints

The growth of the India sports apparel market is propelled by several powerful drivers. The most significant is the increasing health and fitness awareness, which has led to a surge in gym memberships, participation in sports, and running events. Government initiatives promoting fitness, such as the Fit India Movement, further bolster this trend. Rising disposable incomes allow consumers to spend more on premium, high-quality athletic wear. The expansion of organized retail and e-commerce platforms has dramatically improved product availability and convenience. However, the market also faces certain restraints, including the strong presence of low-cost, unbranded products that appeal to price-sensitive segments and the volatility in raw material prices which can impact manufacturing costs. Looking ahead, immense opportunities lie in tier II and tier III cities, which are experiencing rapid urbanization and increasing aspirational spending. The growing women's segment, offering specialized apparel, and the untapped potential in kids' sports apparel present significant avenues for expansion and targeted product development.

Concentration Insights

The market demonstrates a high level of concentration in terms of brand presence and consumer preference. The top tier is dominated by a handful of international powerhouses, namely Nike, Adidas, and Puma, which command significant brand equity and consumer loyalty through their global heritage, cutting-edge technology, and high-profile marketing campaigns. These players have a strong foothold in the premium segment. They are closely contested by a few large domestic and international value players, such as Decathlon, which has revolutionized the market with its strong retail presence and value-for-money proposition, and SSIPL, which owns the popular Proline brand. While the market has numerous smaller local brands, the collective market share and influence are heavily skewed towards these leading companies, creating an oligopolistic competitive structure where branding, innovation, and distribution strength are critical for success.

Type Insights

The market can be segmented by type into various categories based on the apparel's primary function and design. Tops, including t-shirts, tank tops, and jerseys, constitute a major portion of sales, driven by their essential role in any athletic activity and their adoption as casual wear. Bottoms, such as shorts, track pants, and tights, are another critical segment, with demand fueled by comfort and functionality requirements. A growing and highly specialized segment is sports underwear and base layers, designed for moisture management and support. Furthermore, the market includes outerwear like jackets and hoodies for training in cooler climates or during monsoon seasons. The distinction between performance apparel, engineered with technical fabrics for specific sports, and athleisure wear, designed for style and comfort in casual settings, is becoming increasingly important, with many brands developing separate lines to cater to each distinct consumer need.

Application Insights

Application insights reveal the diverse end-uses for sports apparel in India. The most prominent application is for sports and athletic activities themselves, including cricket, football, badminton, running, and gym workouts. Each sport often demands specialized apparel, such as cricket whites or compression wear for running. The second major application is the rapidly growing athleisure segment, where consumers wear sports-inspired clothing for everyday casual occasions, commuting, or light social gatherings, valuing the comfort and style it offers. Furthermore, there is a significant application in institutional sales, where apparel is purchased for school and university sports teams, corporate tournaments, and by sports academies. This B2B segment represents a steady and bulk volume-driven channel for many manufacturers, often involving customized branding and specific durability requirements.

Regional Insights

Regionally, the demand for sports apparel is unevenly distributed, closely mirroring patterns of urbanization, disposable income, and sporting culture. The metropolitan cities and major urban centers such as Delhi-NCR, Mumbai, Bengaluru, and Hyderabad are the largest and most mature markets. These regions have a high density of fitness centers, a culture of participating in marathons and other sporting events, and greater exposure to international brands and trends, driving premium purchases. Tier II cities like Pune, Ahmedabad, Jaipur, and Chandigarh are emerging as high-growth potential markets, experiencing rapid infrastructure development, mall culture, and an increasing number of consumers aspiring to branded lifestyles. While penetration is currently lower, tier III cities and rural areas represent the next frontier for growth, fueled by the expansion of e-commerce and improving economic conditions, though purchasing here is often more focused on value-oriented products.

Company Insights

The competitive landscape features a mix of global leaders and assertive domestic players. Nike Inc. and Adidas AG maintain a strong premium positioning through technological innovation and iconic branding, often associated with top athletes. Puma SE has carved out a significant niche by effectively blending sports performance with lifestyle fashion, appealing strongly to the youth demographic. Decathlon SA, through its unique retail model, has made sports accessible to millions by offering a wide range of affordable, functional products under its own brands. Domestic companies are also key contenders; SSIPL Retail Limited markets the popular Proline brand, deeply entrenched in cricket apparel, while Bata India Limited has also expanded its offering to include sports and casual footwear and apparel. Reliance Brands Limited plays a crucial role through its strategic partnerships and distribution of international labels, strengthening the overall market ecosystem.

Recent Developments

The market has been active with recent developments focused on expansion, innovation, and sustainability. Major brands have been aggressively expanding their retail footprints, opening new exclusive brand outlets and shop-in-shops in high-street locations and malls across tier I and tier II cities. There is a pronounced industry push towards sustainability, with companies like Adidas and Puma launching collections made from recycled ocean plastic and other eco-friendly materials. Digital integration has become a key focus, with enhanced e-commerce platforms, virtual try-on features, and apps that offer personalized workout plans and product recommendations. Furthermore, brands are increasingly leveraging data analytics to understand consumer preferences and optimize their inventory and marketing strategies. Collaborations with fashion designers and celebrities to create limited-edition athleisure collections are also a recurring tactic to generate buzz and attract new customer segments.

Report Segmentation

This comprehensive market report offers a detailed segmentation to provide clients with granular insights for strategic decision-making. The segmentation is meticulously designed to break down the market along multiple axes. By type, the report analyses distinct categories such as tops, bottoms, and outerwear. The application segmentation delves into the different end-uses, including specific sports applications and the broader athleisure segment. A demographic segmentation provides analysis based on gender, covering men, women, and the kids' segment, each with its own growth dynamics. Furthermore, the report includes a detailed distribution channel analysis, evaluating the performance and prospects of modern trade stores, exclusive brand outlets, multi-brand outlets, and the various online retail platforms. This multi-faceted segmentation allows for a precise understanding of growth pockets, competitive intensity, and consumer behavior patterns within each sub-segment of the market.

FAQs

What are the latest trends in the India sports apparel market? The latest trends are dominated by the athleisure movement, where clothing is designed for both athletic performance and casual wear. Sustainability is a major trend, with brands launching eco-friendly products made from recycled materials. There is also a strong focus on technical innovation in fabrics for better comfort and performance, and a growing market for specialized women's and kids' sports apparel.

Who are the key players in the Indian sports apparel industry? The key players include global giants such as Nike, Adidas, and Puma, which lead the premium segment. Decathlon is a major force in the value segment with its wide retail network. Significant domestic players include SSIPL Retail (Proline), which has a strong presence in cricket apparel, and various other brands competing across different price points.

How is e-commerce impacting the sports apparel market in India? E-commerce has profoundly impacted the market by dramatically increasing accessibility for consumers across the country, including those in tier II and tier III cities. Online platforms offer a wider variety, competitive pricing, and convenience, which has accelerated market growth and forced traditional retailers to enhance their omnichannel strategies.

What is driving the growth of the sports apparel market? Growth is primarily driven by rising health and fitness consciousness among the Indian population, increasing participation in sports and gym activities, growing disposable incomes, and the influential athleisure trend. Government initiatives promoting sports and fitness also contribute positively to market expansion.

What are the challenges faced by the sports apparel market in India? Key challenges include intense competition from low-cost unbranded products that dominate certain segments, price sensitivity among a large portion of consumers, fluctuations in raw material costs affecting profitability, and the need for continuous innovation and marketing investments to maintain brand relevance.

What opportunities exist in the Indian sports apparel market? Significant opportunities lie in penetrating the underserved markets of tier II and tier III cities. There is high growth potential in the women's sports apparel segment, which is gaining more focus from brands. The kids' segment and the development of sustainable product lines also present substantial opportunities for growth and differentiation.

Citius Research has developed a research report titled “India Sports Apparel Market Report - Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• India Sports Apparel Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The India Sports Apparel Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

India Sports Apparel Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

India Sports Apparel Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of India Sports Apparel Market
• Research Methodology
• Executive Summary
• Market Dynamics of India Sports Apparel Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of India Sports Apparel Market
• Cost and Gross Margin Analysis of India Sports Apparel Market
• India Sports Apparel Market Report - Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “India Sports Apparel Market Report - Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

India Sports Apparel Market Key Stakeholders

Below are the key stakeholders for the India Sports Apparel Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

India Sports Apparel Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the India Sports Apparel Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the India Sports Apparel Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in India Sports Apparel Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global India Sports Apparel Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global India Sports Apparel Market is expected to grow at a CAGR of XX% from 2023 to 2030.
For further details request a free sample copy of this report here.
For further details request a free sample copy of this report here.
For further details request a free sample copy of this report here.
For further details request a free sample copy of this report here.

Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global India Sports Apparel Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global India Sports Apparel Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global India Sports Apparel Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global India Sports Apparel Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America India Sports Apparel Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America India Sports Apparel Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe India Sports Apparel Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA India Sports Apparel Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific India Sports Apparel Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa India Sports Apparel Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia India Sports Apparel Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

Request a detailed Research Methodology for the market.

Request Customization or Sample Report

To request a sample report or for any inquiry regarding this report, please fill out the form below

Yes, I have read the Privacy Policy.

Related Reports






latest reports