Domestic footwear sales in China is projected to grow at a CAGR of more than 7.5% during 2013-2017, says RNCOS in its latest research report.
Noida, UP -- (SBWIRE) -- 04/15/2014 -- China Footwear Industry is witnessing huge growth on the back of increasing domestic demand and shift from developed to emerging nations. Factors such as, increasing number of trade protectionist measures, the Yuan's appreciation and unstable financial situation in the EU and the US have directed many Chinese companies to promote sales in new markets such as the Middle East and ASEAN countries. These emerging markets are exhibiting significant growth potential for China in near future.
As per our latest study, “China Footwear Outlook to 2017”, China Footwear Industry is growing tremendously on the back of increasing income level and rising standard of living. Demand for expensive international brand is continuously growing in the country. Also, Increasing domestic sales, exports growth, and e-commerce are the factors enhancing footwear producing companies’ future prospects. Besides, Chinese manufacturer’s brand building strategies and planning products and designs as per the growing fashion consciousness will also boost the growth in the industry. Considering the above favorable factors, the domestic sales of china footwear industry is anticipated to grow at a CAGR of around 7.5% during 2013-2017.
The report covers a critical analysis and an unbiased view into the state of the country’s footwear industry. It provides analysis of country’s footwear production by type (Leather shoes, rubber shoes and others), footwear sales by end users (Women’s, men’s and Children’s footwear sales) and by category (Casual, mass market, sports and luxury footwear). Further, trade analysis section includes country’s footwear import and export by country and by type (Leather shoes, rubber & plastic shoes and others). In addition to that, the report also covers study of online footwear market in the country which is, as per our research, growing tremendously over the past few years.
Also, the research includes an in-depth analysis of major footwear manufacturing hubs of the country. Also, it features industry restraints which are affecting the growth of country’s footwear industry coupled with regulatory environment covering detail of norms & regulations relevant to the industry. Further, the study delves into the detailed description of the major players in industry covering description of their businesses and key financials. Overall, the report will facilitate clients in analyzing the driving forces and understand the existing opportunities in the industry.
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RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.