Liberalization and globalization have given required impetus to the Chinese footwear sector, enabling it to become the largest footwear producing country. According to our research report “China Footwear Market Analysis”, the domestic footwear retail market is anticipated to grow at a CAGR of around 10% during 2010-2013 to reach US$ 15.4 Billion by the end of 2013. The main reason responsible for this growth will be improving living standards, burgeoning middle class population, and increasing demand for branded and fashionable footwear.
Recent changes in the global footwear industry due to the imposition of taxes and market restriction have created a difficult scenario for shoe companies in China. Many firms are shifting their focus to the ASEAN and Middle East countries to reduce their burden. However, China has a huge domestic market apart from overseas countries to cater. Increasing e-commerce and domestic sales along with overseas expansion are creating huge opportunities for footwear manufacturing companies. Our research report provides an in-sight of the future growth prospects and emerging industry trends.
We have found that the urban demand for leather shoes has experienced some fallback and is being replaced by casual shoes. However, demand for medium and high-end leather shoes worn at office along with formal dress remains strong. Rural market is still focused on rubber shoes. With the trend of gradual urbanization in the consumption habits of rural residents, substantial growth in leather shoes can be expected in coming years.
Our study comprises thorough research and in-depth analysis of the Chinese footwear market. Detail data and qualitative analysis will help clients to evaluate the leading-edge opportunities critical for the success of footwear market. We have also presented the future outlook of the footwear market in terms of production, consumption and exports along with the shares of different shoe segments like, leather shoe, rubber shoe, and plastic shoe. We have also covered a brief business description of key players along with their strengths and weaknesses.
For more information visit: http://www.rncos.com/Report/IM083.htm |
