Aditya Expositions (P) Ltd. Mumbai is organising the next edition of ‘Uniforms and Sportswear Expo’ from November 8-10, 2022 at CIDCO Exhibition Centre, Vashi, Navi Mumbai. While the debut was conducted virtually, this will be an on-ground event, providing a customised platform for showcasing brands, products, machinery and more. Trade shows are an essential component for business interaction and networking and this concept fits the industry requirements precisely.
Sportswear refers to sports-specific apparels suited for physical activities. These include tracksuits, gym suits, yoga wear, swimwear, and tights. According to online reports, the activewear market in India has witnessed a steady growth in terms of market revenue. The market was valued at Rs. 466.9 bn in 2018 and is estimated to reach Rs. 997.8 bn by 2024, with an estimated compound annual growth rate (CAGR) of about 13.59 percent, during 2019-2024.
A notable trend is that Athleisure is also being widely used as casual wear which is propelling demand for activewear in India. Sports apparel are made using breathable material that allows sweat to evaporate faster, helping the person wearing it remains fresh for longer. Initially, the sports apparel was mostly worn by athletes but, with time, it became quite common with regular gym-goers and other non-athletes.
Uniforms are one of the top requirements in schools, colleges, corporate firms, hospitality ventures, restaurants, hospitals and other institutes. ‘Sportswear and Uniform Expo’ 2022 will also be covering corporate and industrial uniforms, a high-growth segment, which has vast market potential in India.
Online reports state that the market size of the uniforms manufacturing sector in India is estimated to be Rs.18,000 cr per annum, with Rs.10,000 cr coming from machinery and fabrics while Rs.8,000 cr come from sales supplying to local schools through retailers and institutions. According to experts, over the next five years, the school uniform market will register a 7.6 percent CAGR in terms of revenue and the global market size will reach $25,710 mn by 2025, from $19,200 mn in 2019.
