Increasing fashion-conscious population equipped with rising purchasing power, will enable Chinese apparel industry to show 24.7% CAGR during 2009-2011.
Online PR News – 09-June-2010 – – According to our latest research offering “China Apparel Industry - New Opportunities for Growth”, apparel and textile industry forms an integral part of the industrial sector in China. The government emphasis on promotion of manufacturing sector has given a new dimension to the industry. Availability of low cost production facilities has resulted in a phenomenal bottom-line and top-line industrial growth in recent years. The report further reveals that in coming years also, the industry will continue to post double-digit CAGR growth enticing new foreign players to enter this fast growing Chinese market.
The study identifies that per capita spending on apparel and footwear in China has doubled from US$ 10 to US$ 20 per annum over the past ten years, but still it remains low when compared to other countries. It is even lower than the other BRIC countries - Brazil, Russia and India. We anticipate the per capita spending to register an impressive growth in the years to come on the grounds of various supportive trends discussed and analyzed in the report.
Further, among all the apparel industry segments, ladies wear captures the top slot, with around 30% share in the total apparel sales in 2008. Rising economic status is giving Chinese females better discretionary power, which, in turn, is positively impacting the ladies wear market. Almost similar trend is expected to prevail in coming years also, which will sustain the segment’s attractiveness for further developments.
“China Apparel Industry - New Opportunities for Growth” is an outcome of extensive research and thorough analysis conducted by our industry experts on the burgeoning apparel industry of China and its components. The report also discusses the market structure, current and past market performance of various segments including Casual wear, Men’s wear, Women wear, Children wear and Sportswear. We have also identified all the key players in the Competitor Analysis section of the report. The section talks about the business profile and strategic moves of the leading players operating in the sector.
The report is aimed at offering clients a strategic insight into the concerned industry so that they can better analyze the opportunities that they can leverage to become the market leaders.
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