We are moving towards the end of a landmark year which was full of negative and positive developments. And Apparel Online’s focus on industry’s development has continued with key inputs that indicate the industry’s push towards the growth path.
The December issue of Apparel Online India analyses in-depth the ever evolving uniform market as its Cover Story as this is one of those rarest product categories which is in forever demand.
In India, there are more than 11 crore individuals who wear uniforms or specific work attires across sectors. Whether it’s a security guard, a miner or a pilot, depending on their job, they can receive anywhere from one to five uniforms annually. If each person gets around two uniforms yearly, then considering a modest estimate of Rs.2000 per uniform, this market hits a minimum of Rs. 44,000 crore (approx. US $ 5.5 billion) per year in India. The growing workforce, particularly the increasing participation of women in the professional arena, is further propelling the demand for uniforms.
The next 10 years are going to be the Amrit Kaal (Golden Era) for the uniform sector in India as we will be riding the wave of economic growth. With the huge growth of the manufacturing sector, corporate uniforms and workwear segments will grow significantly. Premiumisation will further push the demand for high-quality uniforms. Customers will demand better quality and will be ready to pay a premium for high quality.
There are many brands, retailers, wholesalers importing a variety of dresses from India, signalling towards the huge export market for uniforms.
This issue also includes an interesting article as ‘The surpassing surplus business’. India may have a market size of US $ 3 billion or even more. So far it is mostly into offline retail while online can be a good growth segment going ahead.
Stay tuned for the second part of our series on the latest advancements in Sourcing where we delve into Sourcing 2.0 which focuses on the evolution of procurement through SaaS using AI and ML.
Besides, the AOI December edition also brings to you the latest updates on sustainability, fashion trends and data.
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