Domestic technical textiles Industry Segment-wise consumption of ...

countries next only to China. The Indian footwear market in 2007-08 is estimated at 2.2 billion pairs
including both open and closed footwear (Source: NMCC report). In addition, India exported 143
million pairs of footwear in 2007-08.
The Indian footwear retail market is anticipated to surge at a CAGR of 20% during the next 3 years on
account of rising brand and fashion awareness and improving living standard. The taste of Indian
consumers is gradually inclining towards casual resulting in the expansion of the casual footwear
market which is expected to have a share of approximately 60% in the overall footwear retail market.
The growth trend in the footwear industry signals good prospects for the shoe lace industry however,
considering the changes in consumer preference the shoe lace industry is expected to grow at a rate of
6%year on year.
Market size of Shoe laces and future forecast
Shoes account for majority of consumption of shoe laces. In 2007-08, the domestic market size of foot
wear in India is estimated to be 2200 million pairs out of which closed foot wear account for 50%
share. Amongst the closed footwear segment 55% of the footwear are expected to have laces. In
addition majority of the exported footwear are expected to bear laces.
Usage of Shoe laces
Usage of Shoe laces
Total domestic footwear market 2200 million pairs
Share of closed footwear 50%
Share of sports footwear bearing laces 30% of Closed footwear market
Share of men’s footwear bearing laces 25% of closed footwear market
Total footwear exports 143 million pairs
Share of exported footwear with laces 70%
Replacement market 10%
Price per pair of shoe lace Rs. 2.50
Weight of material required to manufacture a pair of lace 3 gms
Source: Industry survey, IMaCS analysis, DGCIS
Laces are also used in other applications i.e. garments (kids wear), shopping bags, office stationary,
home decoration etc. The usage of laces in these applications is expected to be 10% of the total usage.
Current Market size and future potential
The market size for shoe laces is estimated to be 2540 MT valued at Rs. 215 crore. With increasing
disposable income and improving living standard the per capita consumption of footwear is expected