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China's rapidly expanding apparel industry is likely to be dominated by key segments in coming years, particularly clothing for women, children and sporting use, according to the findings of a new industry report.
The report, entitled "China Apparel Industry Analysis", highlights the continued significant growth of the country's apparel sector despite the global economic downturn of the past few years.
The Chinese government's efforts and private domestic player participation have boosted the country's textile and apparel industry. Due to a favorable economic environment, government support in the form of tariffs and tax incentives, and the availability of cheap labor, the Chinese textile and apparel industry has been growing at a remarkable pace compared to other Asian countries, the report notes.
Currently, the increasing presence of international brands is driving the Chinese apparel industry. A significant rise in personal disposable income and western cultural influences are among the main factors responsible for the expansion of international brands in the country.
Among the key segments set to experience further growth, the rising economic status of women in China has provided women with increased discretionary spending power, which is a positive sign for the ladies' wear market. The share of the ladies wear segment was estimated at 31.2 percent in 2010 in the overall apparel market. This share is expected to rise further in the near future.
The report is the outcome of extensive research and analysis of China's textile and apparel market by industry experts. It provides a thorough analysis of the industry trends that are driving growth in the market, among other key factors and insights.
Author: Justin Cole, analyst.
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