Market revenue in 2023 | USD 1,850.7 million |
Market revenue in 2030 | USD 5,194.5 million |
Growth rate | 15.9% (CAGR from 2023 to 2030) |
Largest segment | Embroidery |
Fastest growing segment | Screen Printing |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Embroidery, Screen Printing, Dye Sublimation, Digital Printing |
Key market players worldwide | Gildan Activewear Inc, Berkshire Hathaway Inc Class A, Hanesbrands Inc, Delta Apparel Inc, Downtown Custom Printwear, Advance Printwear, Lynka |
Embroidery was the largest segment with a revenue share of 43.67% in 2023. Horizon Databook has segmented the India decorated apparel market based on embroidery, screen printing, dye sublimation, digital printing covering the revenue growth of each sub-segment from 2018 to 2030.
Over the past few years, factors such as increasing disposable income, improving quality of life, global exposure to professional yet fashionable office wear trends, and rising expansion of clothing companies in the country are expected to drive the demand for decorated apparel during the forecast period. Consumers in the country have been showing a growing inclination toward fashionable, sophisticated, and high-quality decorated handmade clothing, which is expected to benefit the market.
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