The men's clothing industry has been growing steadily over the past few years, this has been possible owing to the Indian male becoming more fashion conscious, hence more consumption and also also increased global demand of men's garments by the rest of the world.
The country also has an advantage as it produces and exports stylish garments for men at economical prices due to cheap labour rates. Technological advancement and use of sophisticated machinery has enabled the manufacturers to achieve better quality and well designed garments and clothing for men.
The country is booming with fashion and lifestyle, with the organized retail trade growing at a rate of 30% per annum. The Indian apparel or Indian garment industry is pegged at more than 90,000 crores with nearly 13% growth per annum. The men's garment or clothing segment constitutes nearly 45 % of the total apparel market and growing at a constant rate each year. The share of organized branded segment in men's wear is fast increasing in the Indian apparel market.
| SHARE OF MAJOR GARMENT SEGMENTS (in Value terms: Rs.Crore) | |||||
| 2002 | 2003 | 2004 | 2005 | ||
| Mens Apparel | 25864 | 29234 | 32636 | 36558 | |
| Womens Apparel | 20395 | 23302 | 26431 | 30360 | |
| Kids Apparel | 10372 | 11334 | 12329 | 13747 | |
| Source: IMAGES-KSA Technopak Study of the Indian Apparel Market | |||||
India's Garment/ Apparel Market Size
| INDIA'S APPAREL MARKET SIZE | ||||||||
| 2002 | 2003 | 2004 | 2005 | |||||
| Volume ('000 units) | Value (Rs.Cr,) | Volume ('000 units) | Value (Rs.Cr,) | Volume ('000 units) | Value (Rs.Cr,) | Volume ('000 units) | Value (Rs.Cr,) | |
| Mens Wear | 1254370 | 23335 | 1297220 | 26090 | 1342140 | 29135 | 1393639 | 32590 |
| Womens wear | 1236880 | 19130 | 1300610 | 21730 | 1368310 | 24680 | 1443113 | 28375 |
| Unisex Apparel | 417810 | 4215 | 434340 | 5240 | 452020 | 5835 | 470978 | 6615 |
| Kidswear | 1139870 | 9950 | 1180290 | 10810 | 1222280 | 11745 | 1268933 | 13085 |
| Uniforms | 372960 | 4660 | 397210 | 5460 | 423020 | 6345 | 456862 | 7675 |
| TOTAL | 4421890 | 61290 | 4609670 | 69330 | 4807770 | 77740 | 5033524 | 88340 |
| Source: IMAGES-KSA Technopak Study of the Indian Apparel Market | ||||||||
The Menswear Segment constitutes the following:
- Formal wear
- Casual Wear
- Inner wear
- Nightwear
Highlights of Indian Menswear
- Casual Shirts: The segment has witnessed a high growth
owing to more and more men opting for casual shirts at workplace and
also an increase in the number of international brands offering
these shirts.
- Casual T shirts: The segment is also witnessing a boom
owing to the vibrant youth having a carefree lifestyle. With
increase in the disposable income, men are upgrading to premium
range of t shirts.
- Mens Trousers: The segment witnessed an up gradation of
men to high range trousers and super- premium range of trousers.
- Men's Formal wear: The segment includes ready made
business suits, blazers, formal jackets and right from low-end
brands the premium brands, there is a high potential of growth owing
to availability of high quality, easy to manage and comfortable
fabrics.
- Men's Nightwear: The segment has also witnessed an up
gradation to premium range. With more and more offerings by local
and international brands, the market for nightwear is also growing.
- Men's Undergarments: The segment constitutes of ready made garments and has completely phased out the tailor-made category. With more local and international brands in the Indian Market, and increased quality of products, there is a high scope of growth in this segment.