Despite unfavorable global economic conditions, Chinese apparel industry has witnessed tremendous growth over the last few years. The government’s efforts along with extended participation by the private domestic players have boosted the Chinese textile and apparel industry. Due to favorable economic environment, government support in the form of tariffs and tax incentives, and the availability of cheap labor, Chinese textile and apparel industry has been growing at a remarkable pace compared to the other Asian countries.
Currently, environment-friendly fibers are finding their way into more China apparel industry as consumers worldwide exhibit greater awareness of environmental issues and interests. The local government in major apparel hubs plays a part in promoting earth-friendly approaches. Besides, certain trends including franchising operations and online apparel retail, expanding international brands is fuelling the demand for branded apparels in the country. The total Chinese apparel market is expected to reach US$ 250 Billion by 2014 at a CAGR of around 17% for the period 2011-2014.
As per our research, Chinese apparel market will be dominated by segments, such as ladies wear, sportswear, and children wear. Among the segments, ladies wear and sportswear are expected to witness a rapid growth in the coming years. Besides, rising economic status is providing Chinese females better discretionary power in own spending, which is a definite positive sign for the ladies’ wear market. The share of ladies wear segment was estimated at 31.2% in 2010 in the overall apparel market. This share is further expected to rise in future.
The report “China Apparel Industry Analysis”, is an outcome of the extensive research and analysis of the textile and apparel market conducted by our industry experts. The report provides a thorough analysis of the industry trends that are driving the growth in the market. The report will facilitate intending clients with a better understanding of the market dynamics and obtain an insight of the current and the future outlook of the Chinese apparel industry.