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Domestic Footwear Consumption Set for Rapid Growth in ChinaUser Rating: / 0

PoorBest Automobiles ComponentsWritten by Shushmul Maheshwari Monday, 05 December 2011 02:33

According to a new research report by RNCOS, "China Footwear Market Analysis", the domestic sales of footwear in China has registered a significant improvement in living standards and burgeoning middle class population. China’s rural market is preferring rubbr and plastic shoes and the retail demand for such footwear has improved, as they account for significant shares in the overall footwear retail market. The domestic footwear retail market in China is likely to grow at a CAGR of around 9.5% during 2011 2014

The domestic footwear market continued to witness rapid growth over the last few years, owing to increasing brand awareness. Taking into consideration this aspect, top companies have adopted a wide range of initiatives to strengthen and reposition their brands. Further, according to our latest report growth in footwear market is characterized by competition among product, pricing, and medium of sales. China footwear exporters are shifting their focus to the ASEAN and Middle East countries so as to reduce dependency on the major exporting countries. It provides an extensive research and detailed analysis of the overall footwear industry in China. It also 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. Our professionals 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.

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