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Chinese apparel industry to grow at a cagr of 22 %

Chinese apparel industry to grow at a cagr of 22 % Source: sbwire
Date: 11-03-2011
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With the presence of skilled and cheap manpower, strong production line, and favorable policy framework, apparel and textile industry forms an integral part of the industrial sector in China. The strong production line and favorable policy framework laid down by the government has provided a competitive edge to the sector, says our new research report “China Apparel Industry Analysis”. Total Chinese apparel market is expected to reach US$ 227 Billion by 2013, growing at a CAGR of around 22% during 2010-2013.

Our report identifies that, the Chinese apparel market will be dominated by segments, such as ladies wear, sportswear, and children wear. Of all the segments, ladies wear and sportswear will witness a rapid growth in the coming years. Rising economic status is giving Chinese females better discretionary power in own spending, which is definitely a positive sign for the ladies’ wear market.

However, presently, rising presence of online apparel retailing is driving the Chinese apparel industry. Rise of online retailing has brought tremendous opportunities as well as challenges to retail and commercial businesses in China. A growing number of businesses in China are now leveraging on the Internet platform as a doorway to diversify their sales and marketing channels.

Besides, we have done thorough research and prudent analysis of some critical factors acting as a catalyst for the industry’s current and future growth outlook. The report also discusses the market structure, current, and past market performance of the industry. Additionally, it provides a segment level analysis of the industry to facilitate a balanced market understanding.

“China Apparel Industry Analysis” also provides information of the key competitors in the market along with their business information and areas of expertise. The report shows a highly concentrated structure of the market, with the top players dominating the market. It provides segment level analysis of the industry along with emerging trends that may shape up with the betterment of economic conditions. The research will help consultants, industry analysts, and vendors to get an in-depth knowledge of the current, past, and future performance of the industry. The report provides an extensive research on the recent trends of the Chinese apparel industry along with impartial analysis considering the impact of financial crisis on its performance.

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