Navi Mumbai, Maharashtra India (PressExposure) June 17, 2011 -- Despite unfavorable global economic conditions, Chinese apparel industry has witnessed tremendous growth during the last few years. The government's efforts and private domestic player's participation 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, the increasing presence of international brands is driving the Chinese apparel industry. A significant rise in the personal disposable income and western culture influence are the factors responsible for the expansion of international brands in the country. Besides, certain trends like, franchising operations and online apparel retail is fuelling the demand for branded apparels in the country.
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 done 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 help clients to better understand the market dynamics and get an insight of the current and the future outlook of the Chinese apparel industry.
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