According to our research report “China Apparel Industry – New Opportunities for Growth”, apparel sales in the domestic market of China are expected to surpass the mark of US$ 170 Billion by 2010. The domestic market has been emerging as an important segment for manufactures and exporters as slow growth in exports due to financial crisis in western countries has forced the exporters to turn to domestic market. Targeting domestic market has resulted in high bottom line growth and recovery of losses incurred due to declining apparel and textile exports.
The changing retail industry dynamics coupled with rising purchasing power and influence of western culture is also giving a new meaning to the Chinese domestic market. The changing market dynamics is attracting foreign and domestic players to tap the rising demand of branded as well as mass segment products. As per the report, consumers now prefer to purchase apparel has been drifting from local street shops to large stores and branded outlets. Earlier, street shops used to dominate the consumer choice for apparel purchase.
In future, the emergence of middle class, changing consumer preferences, fashion-conscious youth and rapid globalization of culture will fuelling the demand of apparel in the country. As a result, consumers will spend more on apparel. The consumer spending on apparel is expected to rise by 10% to 15%, thereby driving the per capita apparel consumption in the country.
“China Apparel Industry – New Opportunities for Growth” is an extensive research on the apparel and textile industry in China. This report provides a detailed overview of the industry in China with qualitative and qualitative analysis. It also underlines the factors responsible for the growth of the industry, opportunities for it and challenges to be faced by the industry in coming years. The report takes into account all the macro- and microeconomic factors and the past and current market trends while analyzing the industry performance.
This research report provides the segment-wise analysis, latest market trends, and the emerging areas in the future. The information covered in the report will help the clients in understanding the market dynamics.
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RNCOS, incorporated in the year 2002, is an industry research firm. We are a team of industry experts who analyze data collected from credible sources. We provide industry insights and analysis that helps corporations to take timely and accurate business decision in today’s globally competitive environment.
