The domestic footwear retail market is anticipated to grow at a CAGR of around 10% during 2010-2013, says RNCOS in its research report.
China has emerged as the largest shoe producing and exporting country worldwide during the past few years. The footwear industry in China has witnessed robust growth in terms of both consumption and exports. The domestic sales of footwear in China have also significantly risen on the back of rising online sales and increasing brand awareness. As per our new research report "China Footwear Market Analysis", the industry will show stupendous growth in future also as the domestic footwear retail market is expected to grow at a CAGR of around 10% during 2010-2013.
The main reason for this growth will be improving living standards, burgeoning middle class population, and increasing demand for branded and fashionable footwear. As per our study, Chinese have shown great interest in the branded shoes after the entrance of many global brands that employ various promotional methods to popularize their products. It will play a vital role in the growth of the market. Besides, our report provides an insight on other factors that will drive the Chinese footwear market.
We have also 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.
"China Footwear Market Analysis" comprises thorough research and in-depth analysis of the footwear market in China. 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, such as leather shoe, rubber shoe, and plastic shoe. The report also features competitive landscape, wherein we have covered some leading players in the footwear market to update clients about their business strategies and areas of specialization.
