Children's clothing may not be the first thing that springs to mind when you think about manufacturing, but according to The NPD Group, it is one of the top three apparel categories that has risen in recent years, and it is one of the fastest growing categories within this industry. As a result, starting your own manufacturing company in the children's clothing market could be a fantastic opportunity for you. There are numerous advantages to launching this type of business, including the ability to increase profit margins and control all parts of manufacturing without relying on major corporations or retailers.
Rising disposable income and changing lifestyles, particularly in urban areas, are driving demand for children's clothing in India. In the future years, growth in the country's Kids Wear industry is expected to be driven by an increase in the proportion of nuclear families and dual-income households.
In today's environment, wearing children's clothing has become a fashion statement. It's because of the comfort and style it provides. Kids are picky about what they wear, and they want to seem fashionable at all times. As a result, they must dress in fashionable apparel from head to toe. This can be accomplished by producing children's clothing (T-shirts & bottom wears).
One of the most profitable divisions of the apparel industry is children's wear. Due to a mix of demographic, macroeconomic, and societal factors, as well as sales in the category, the market is predicted to overtake both men's and women's wear in terms of retail value growth.
India is a major contributor to the worldwide garment-retail business, and it is also becoming a hub for children's clothes and fashion stores. The kids apparel market is divided into two categories: boys' wear and girls' wear, and it serves to children aged 0 to 14.
The boys-wear sector in India now has the majority of the market share. The girls' clothing segment, on the other hand, is experiencing substantial growth, with a progressive shift in tastes as a result of changing trends.
Benefits of Starting Kids Wear Apparel Business
A successful children's clothes manufacturing company is similar to a winning lottery ticket. It's inexpensive to start, has low overhead and no inventory, and you can make a lot of money. Children's clothing is a high-margin business with better profit margins than other industries. However, one must consider the numerous costs associated with establishing such a business.
The most significant and first expense will be the purchase or manufacture of machines and equipment for your children's apparel business. Sewing machines, overlock machines, embroidery machines, and fabric cutting equipment, among other things, are required. You'll also need thread and fabrics, as well as buttons, zippers, and other accessories.
As a result, it would be prudent to seek professional assistance while establishing such a business. After you've taken care of all of these details, you can begin production by designing your own line of children's clothing.
In the Indian apparel or garment industry, making children's outfits is unquestionably a potential and profitable venture.
Parental concern is ingrained in the human psyche. Normally, parents strive to provide their children with the highest quality and comfort possible. Whether in a developed or developing economy, children's clothing is constantly in high demand.
Infant ready-to-wear is a relatively new area of garment manufacturing in our country that has grown rapidly in recent years.
There is a lot of potential for establishing a baby apparel manufacturing facility in the country to meet the massive demand in both the domestic and export markets.
Market Size in India:
By 2021, India's apparel market is predicted to increase at an annual rate of nearly 11%, reaching a value of 85 billion US dollars. In India, the children's clothing segment accounted for over 20% of the total apparel market in 2018. By 2028, the market is expected to be worth roughly 1.7 trillion Indian rupees.
India's garment exports totaled over 16.7 billion dollars in 2018. Fabric was the most exported product, with offline sales dominating the export channel. In the last two years, the value of the country's exports has decreased marginally.
Competition from countries like China and Vietnam could be one explanation for this. Bangladesh's duty-free deal with the European Union makes India's garment exports much more difficult. Nonetheless, the country's manufacturers are focusing on broadening their exports to Hong Kong, Japan, and South Africa. It remains to be seen if this would be enough to compensate for the drop in exports since 2018.
Global Market Outlook:
During the forecast period, the children's clothing market is expected to grow at an annual rate of 8.76 percent (2022-2027). Children's clothing is typically more casual than adult attire, and is created specifically for play and rest. The most frequent textiles for children's apparel are cotton and hosiery. The children's clothing market is divided into three categories: product, distribution channel, and geography.
The market is divided into clothes, footwear, and other product categories based on product category. The market is divided into offline retail stores and online retail stores based on distribution channel.
Due to an increase in the infant population, particularly in developing nations such as India and China, Asia-Pacific is expected to hold a considerable market share over the projection period. In the Asia-Pacific region, strong economic growth and rising household incomes are predicted to boost consumer spending on children's apparel and footwear. The increase in the number of high-net-worth individuals and urbanisation in Middle-Eastern countries, particularly Saudi Arabia, Qatar, and the United Arab Emirates, are creating enormous opportunities for luxury children's apparel brands to enter the apparel market in these regions, driving the children's wear market in Asia-Pacific and the Middle-East.
Industry Major Market Players
· Benetton Group SRL
· Carter's Inc.
· Adidas AG
· Nike Inc.
· Dolce & Gabbana
· Aabhushan Apparels Pvt. Ltd.
· Accel Apparels Pvt. Ltd.
· Achiever Apparels Pvt. Ltd.
· Active Clothing Co. Ltd.
· Bhairav Knitting Pvt. Ltd.
· Bhandari Apparels Ltd.