Chinese Footwear Sales to Witness Over 7% CAGR

A new report "China Footwear Market Analysis" published by RNCOS provides extensive research and rational analysis on the Chinese footwear industry, which provides an insight into industrial production and consumption trends.

Per report, the footwear industry in China experienced strong growth in recent years, both in terms of consumption and production. Our industry analysis suggests that consumption of footwear in the country is growing at an annual growth of around 6-7% since last year. A number of factors such as rising incomes and increasing fashion-consciousness and brand awareness among the Chinese population, in addition to other consumer trends are continuously increasing consumption of footwear.

The report has indentified that there is a gradual change in preference for shoes among the rural population in the country, although both rubber and plastic shoes are extremely popular at the moment. Meanwhile, urban China is also illustrate the significant shift in preference for shoes in the country. These current and future market development has been thoroughly discussed in the report. On the consumption front, our research provides a thorough requirements analysis of the Chinese footwear market.

The research has clearly defined per capita consumption patterns and other important factors that make this market a very lucrative investment destination. We expect the Chinese footwear market to swell to a CAGR of over 7% in volume for the period stretching from 2010 to 2013. This report provides a detailed study of the industry's various aspects with the factors expected to drive the Chinese footwear industry over the forecast period. Above all, the report sheds light on those segments that are likely to spearhead the future growth of the Chinese footwear industry.

The forecast report is based on a correlation between past market trends, statistical analysis and industry drivers and gives a direction to clients that the sector is expected to move. It will also help customers identify opportunities to tap the Chinese shoe industry.