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Noida, Uttar Pradesh, India, 2011/11/23 - Lifestyle changes associated with increase of economic independence of Chinese women, is likely to lead the women footwear market to a new height, says RNCOS.
According to a new research report by RNCOS entitled “China Footwear Market Analysis”, the women’s footwear seems to be the largest and fastest growing footwear segment in China, owing to the increasing financial independence and rising social status of women. The demand for women footwear is expected to be driven by footwear companies launching new styles and the desire of women to purchase new shoes. Due to rise of economic independence, new styles and products are being launched more frequently in the women’s footwear segment than the men’s and children’s sections. The size of women footwear market in China is likely to account at US$ 8.9 Billion by 2014, growing at a CAGR of around 10% during 2011-2014.
The demand for China footwear has continued to witness rapid growth over the last few years, owing to inherent advantage in price. According to the latest report by RNCOS, growth in footwear market is characterized by competition in product, price, and channel. Moreover, China footwear exporters are shifting their focus to the ASEAN and Middle-East countries so as to reduce their dependence on the major exporting countries.
Our report,“China Footwear Market Analysis”, provides an extensive research and detailed analysis of the current status and expected position of the footwear industry in China. The report facilitates the future forecasts of the footwear market in terms of consumption and exports along with the shares of different shoe segments on the basis of product type-like leather shoe, rubber shoe, and plastic shoe and on the basis of user type like women’s footwear, men’s footwear, and children’s footwear. Additionally, analysis of the major regional hubs is also included in the report to provide a reasonable viewpoint on the potentials of the China footwear industry.
Some of our Related Reports are:
- China Apparel Industry Analysis
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- US Cosmetic & Toiletries Market Analysis
- Indian Baby Care Market Analysis
- Cosmetics and Personal Care Market in Brazil.
RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals prudently analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.