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India - Boom in sneaker market

India - Boom in sneaker market

2024-10-09

Source:APLF

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Balamurugan (Baloo) Velaythaperumal writes on LinkedIn: India’s sneaker market is experiencing rapid growth, driven by both international and domestic brands. Several factors contribute to this trend, including an expanding youth population, increasing urbanization, and a growing interest in fitness and fashion. Indian consumers, particularly millennials and Gen Z, are fueling demand for sneakers, with both premium and affordable options gaining popularity.

International brands like Nike, Adidas, and New Balance continue to dominate, but homegrown brands such as Campus and Bata are also making strides by offering competitively priced products with local appeal. The Indian sneaker market is characterized by product diversification, with brands focusing on advanced technology, comfort, and sustainability to attract consumers. There has been a shift towards eco-friendly materials and practices, reflecting the growing environmental awareness among Indian consumers.

One key aspect of India’s sneaker culture is the booming resale market, where limited-edition sneakers can sell for several times their original retail price. Platforms like Find Your Kicks India and Sole Search have tapped into this trend, offering rare and collectible sneakers to enthusiasts.

For Indian sneaker brands to remain competitive, there is a need to incorporate innovative designs, smart technology, and sustainability into their products. Additionally, sourcing high-quality components, such as half-finished sneaker uppers from markets like China, could help Indian manufacturers improve their product offerings while reducing production costs.

As a specialized supplier of semi-finished sneaker uppers, we offer solutions that can enhance the quality and competitiveness of Indian sneaker brands. By partnering with us, Indian manufacturers can boost their local brand appeal and tap into the growing global demand for premium sneakers.

责任编辑人:张雅洁

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