Fiber optic connectors are a substantial fragment of the global telecommunication industry. Optical fibers are joined using fiber optic connectors, which allow the light conduction between two consecutive optical fibers. An additional im…
Emerging markets, such as India, Indonesia, and the Philippines, have a huge middle-income population which is becoming fashion conscious and seek branded clothes at affordable prices. This has resulted in astounding growth of online retail, fast fashion and value clothing & footwear. India is forecast to move up the order of the top 10 countries by sales, surpassing developed countries such as Germany, the UK, France, and Italy.
The advent of the internet has introduced international fashion trends to even the most remote locations, which is fuelling demand for the latest fashion across the globe. During 2015–2020, clothing and footwear sales will witness value growth of US$411.5 Billion, driven by rising per capita expenditure on clothing and footwear from the emerging middle-class cohort, young working professionals and expansion of the online channel.
As of 2015, clothing, footwear, accessories, and luxury goods specialists compromise the largest channel in the category at a share of 59.2% in global clothing and footwear sales. However, discount stores and online channels are growing rapidly and will increase their share in global clothing & footwear sales.
The US is the largest clothing & footwear market globally, with total sales of US$368.2 Billion in 2015. Low prices and high discounts offered by online and discount stores are attracting more customers in the US. Unfavorable economic conditions have altered consumer behavior and many now look for cheaper options. By 2020, China is set to close the gap with US$420.2 Billion in sales against US$420.9 Billion in sales in the US. Growth in the Chinese market will be underpinned by rising purchasing power of the Chinese middle-class population, growing fashion awareness, expansion of the retail network, and an increase in luxury spending. In the short-term, economic uncertainty and currency devaluation will affect consumer sentiment and spending on the clothing and footwear category in China.
Growth in global clothing and footwear market will mainly be driven by increasing demand from emerging markets, growth of value clothing and fast fashion, and continued robust sales from the online channel. Economic uncertainties in key markets will result in shoppers increasing their savings, driving sales for value retailers and discounters. On the contrary, clothing and footwear brands will increase their presence in high growth potential markets, such as India and Indonesia, with growing middle-income populations, young urban professionals and rising fashion awareness.
The report “Global Clothing and Footwear Retailing, 2015-2020; Market Dynamics, Retail Trends, and Competitive Landscape” provides comprehensive analysis of global clothing and footwear retail sales across different channels and also covers current and forecast retail sales data for the category in 50 countries.
In particular, it provides the following analysis:
• Provides detailed analysis of current market sizes and forecasts for 2020 by country with an assortment of charts that ranks countries based on market size, growth rate, value growth and channel sales.
• Helps you to understand the retail sales and fastest-growing markets for the category group. Additionally, it provides sales breakdown for individual sub-categories: women’s wear, men’s wear, children’s wear, women’s footwear, men’s footwear, children’s footwear
• Provides qualitative and quantitative insights of changing clothing and footwear’s retail dynamics across various channels.
• Provides a comprehensive analysis about retail sales, market share and growth rate of channels included: clothing accessories and luxury goods specialists, department stores, online, hypermarkets, supermarkets and hard-discounters, discount stores, value, variety stores and general merchandise retailers, duty free retailers, and others.
Companies mentioned in this report: H&M, New Look, C&A, Zara, Benetton, Next, P&C, Deichmann, Kik, TJ Maxx, Wal-Mart’s George, Marks & Spencer, Tesco’s F&F, Peacocks, Renner Riachuelo, Marisa, Suburbia, Milano, Azaléia, Forever 21, The Gap, TK Maxx, Marshalls, Inc., Benetton Group S.p.A., Target, H&M, Jet, Pep Stores, Mr Price, Ackermans, Foschini, Albasco, Truworths, Splash, Aldo, Bershka, Woolworths, UNIQLO, Myer, Belle International, Esprit Holdings, ABC Mart, Meters/bonwe, Target, New World Department Store China Limited.