The Indian footwear business is booming, not just in terms of local sales but also in terms of export revenues. The expansion might be ascribed to the fact that the footwear industry in India continues to expand at a rapid pace. India is now the world's second-largest shoe production and sixth-largest shoe exporter. In India, the footwear industry employs over 5 million people and is increasing at a rate of 24.73 percent (CAGR 2021-2025). The leading shoemakers in India are likely to enjoy more success in the local market as a result of increased attention to technology and innovation in footwear production, as well as continued government assistance. This post is about India's top ten shoe manufacturers.
Overview of the India Footwear Market
While China continues to be the world's leading footwear producer, India is swiftly catching up. The Indian footwear market is expected to reach INR 790.6 billion (USD 11 billion) by 2023, according to Netscribes' market projection. Quick urbanization, rising disposable income, supporting government efforts, and the rapid expansion of the e-commerce sector are all driving the growth of the footwear market in India. Since 2018, India's yearly shoe output has topped 22 billion pairs. India currently produces almost thirteen percent of the total world footwear output every year. At the same time, the shoe experts in India have been steadily increasing year after year, reaching approximately US$ 3 billion in 2019, with an exceptional annual growth rate of 8% over the previous five years. Many of India's biggest shoe firms have grown to become some of the world's most prominent footwear suppliers throughout the years. The Indian footwear business is very labor-intensive, employing almost three million people. The Indian footwear industry is extremely fragmented, with around 75% of manufacturing coming from the unorganized sector, which includes very tiny, small, and medium businesses.
India's Best Shoe Manufacturers
Let us learn about India's best shoe manufacturers in a little detail:
1. Bata
This company is an industrial manufacturer of key brands in the shoe industry. Leather shoes for men and women, informal leather boots, sporting footwear, professional footwear, including safety footwear are among their main product categories. The company's business strategy is its company-based distribution method, in which the company works through an exclusive dealer network and distributes directly to customers. Bata Shoe Company Private Limited was founded in 1931. Its production facility in Batanagar is also the first of its kind in India to receive ISO: 9001 accreditations. Bata India has grown to become India's largest footwear retailer, with a network of over 1,200 locations across the nation. The shops are located in great locations throughout the metros, mini-metros, and communities.
2. Relaxo
Relaxo Footwear Ltd., with its headquarters in New Delhi and eight manufacturing facilities, is one of India's most well-known shoe manufacturers. Relaxo Footwear makes around 6 lakh pairs of shoes per day. The brand offers a wide range of contemporary styles that are both comfortable and elegant. Relaxo creates shoes for men, women, and children that are both comfortable and stylish.
3. Paragon
The Paragon Group of Companies is one of the nation's most well-organized shoe manufacturers. The Footwear Company has an in-house production capability of 400,000 pairs per day. The Footwear Company has outsourced its manufacture to some of the best shoemakers in Bangalore and other parts of the world, in addition to in-house production. Paragon's manufacturing facilities and laboratories, which opened in 1975, test raw materials, semi-finished goods, and final products. Each stage of manufacturing is thoroughly monitored to ensure that the product is produced cleanly and hygienically and that the brand's quality requirements are not jeopardized.
4. Liberty
Since 1954, Liberty Shoes has been a leading manufacturer of leather footwear. It is one of India's major leather shoe manufacturers and one of the world's top five makers of leather goods. It's six production facilities throughout the world generate 50,000 pairs of shoes every day. With annual revenue of more than $80 million and operations in more than 30 countries, the firm has built a global footprint.
5. VKC
VKC is situated in Kozhikode, Kerala. This company is one of the largest men's and women's footwear producers in the world. It is regarded as one of the most important actors in India's organized industry, with daily output of 0.4 million pairs, making it not only the premier maker but also among the top footwear brands in India. VKC also sells to countries such as the Gulf Cooperation Council, Singapore, and Malaysia, among others.
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6. Lakhani
This company is one of India's major sports shoe producers. Lakhani Footwear has a production capacity of 55 million pairs per year, which allows it to satisfy the needs of clients from all walks of life. Lakhani Footwear has established cutting-edge manufacturing facilities in Haridwar, Noida, Faridabad, and Dhar to make canvas shoes, EVA slippers, and sports shoes. Lakhani recognizes the importance of having a pair of shoes that fits well for sportsmen. As a result, Lakhani's manufacturers have invested in cutting-edge equipment as well as compassionate human talent.
7. Lancer
Lancer Footwear is today a USD 100 million firm that cater to those searching for high-quality work shoes and safety footwear. The firm has seven state-of-the-art production facilities in Delhi and Haryana, India, where it produces over ten distinct designs of footwear for various uses, such as sports shoes, casuals, slippers, and more. The brand has unrivaled market data and an unrivaled design aesthetic that inspires many customers. It has received multiple prestigious awards for its goods and has been recognized for the brilliance of its talented employees.
8. Carbon Footwear
Carbon Footwear makes a variety of shoes in styles ranging from casual to dressy. In 2006, the firm was founded in Jaipur, Rajasthan. When it comes to shoe production, Carbon Footwear specializes in a variety of sectors, but a few, in particular, include tennis shoes, casual shoes, flip flops, and school shoes. They have a staff of quality assurance experts which makes them one of the best shoe manufacturers in India. They also have laboratories, which imply they may make footwear that meets international standards, or at the very least strive toward attaining these requirements by pursuing these objectives.
9. Khadim
Khadim is one of India's leading retail footwear companies in the eastern area, catering to price-conscious consumers, particularly the middle-class portions of the Indian population. Comfort and superb elegance at a reasonable price have become synonymous with the brand. Because Khadim believes in Fashion for Everyone, it makes no compromises in terms of style or personal comfort while creating its footwear range. The corporation is one of the leading footwear brands in India, especially, in South India, and has a significant presence in East India. They also own and operate a distribution company with over 500 distributors.
10. Redtape
In India, Red Tape is a major shoe producer. It operates three factories and sells high-end men's casual leather, casual, and athletic shoes. Jayant Choksi, a Mumbai native, launched the firm in 1973. Red Tape shipped footwear the United Kingdom, to Germany, Peru, Chile, Uruguay, and other nations in the decade following its foundation. Red Tape had 250 workers and two brands by 2015: Namasté (a high-end line) and Flagship (a mid-range line) (the mid-range line).
Conclusion
The Indian footwear market is predicted to develop shortly. Several important footwear industry trends are expected to enhance demand for footwear goods in India, including the country's expanding need for footwear items and the rapid growth of e-commerce platforms. While the shoe manufacturing business has historically been a labor-intensive industry, an increasing number of shoe manufacturers in India are using automation and new technologies to increase efficiency. Meanwhile, e-commerce platforms are quickly becoming a key footwear sales channel. They have also facilitated the sale of a variety of footwear items in India, and are projected to boost the footwear market's earnings soon.
FAQs: Shoe Manufacturers
Q. What are the newest shoe industry developments in India?
Ans. The Indian footwear market is rising at a CAGR of 4.5 percent, according to studies. However, because of the present epidemic, consumer needs have changed in 2020. Flipkart, India's e-commerce portal, has noticed some fascinating tendencies on the platform. Indian buyers have recently gotten more interested in sport's shoes to become fitter and healthier. The most popular goods in the sports footwear category have been running shoes. Meanwhile, sales of sports footwear on Flipkart have increased by more than 1.5 times since the start of Covid, and income has gradually increased by 20% from July to August.
Q. What are some of the most prevalent issues that Indian shoemakers face?
Ans. The following are some of the issues that Indian shoe producers face:
- Product delivery that is both timely and efficient.
- When stock isn't rotated, it becomes obsolete.
- A higher percentage of returns initiated by customers.
- Multichannel and Offline Management.
- Effective stock utilisation.
Q. What is the most popular shoe brand?
Ans. Nike is the world's largest shoe manufacturer, with sales of about $28 billion in the fiscal year 2021.
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