India Sports Apparel Market- Industry Analysis and Forecast (2023-2029)

According to data analytics firm AltInfo, French athletic goods retailer Decathlon gained 24 percent to Rs 2,231 crore in the fiscal year ending March 2020, nearly tripling sales over the previous two years, while Reebok rose 7 percent to Rs 428 crore. Puma, a German brand, increased its revenue by 22% to Rs 1,413 crore in the fiscal year ending December 31, 2019. Unlike other garment firms, which reported poor growth owing to shop closures in March and customer anxiety about venturing out even after the lockdown was lifted, athletic sales increased. Sportswear firms who had previously focused on brick-and-mortar retail profited from expanding their online platforms as well.

India Sports Apparel Market- Industry Analysis and Forecast (2023-2029)

In 2021, the Apparel market in India will generate USD 133,474 million in revenue. According to the India Business of Fashion Report, the clothing market in India is expected to grow at a rate of over 11% to reach USD 85 billion by 2021. The sportswear market is a key contribution to the expansion of the Indian garment sector

India Sports Apparel Market- Industry Analysis and Forecast (2023-2029)

The increasing government investment in sports has resulted in an increase in demand for the product, which has had a substantial influence on market growth. For example, the Economic Times reported in February 2020 that the Indian government had committed USD 401.6 million in its sports budget, an increase of USD 7.103 million from the previous year.