Footwear industry in India has been booming with the rise in the purchasing power and the growth of image conscious young generation. The power of youth (20-39 Years) today is evident in its large numbers as their population has reached to 383.8 Million in 2011 and makes 31.9% of the total population, their tendency to consume and in its ability to influence larger household decisions.
Marketers are looking closely at the changing buying behavior of the Indian youth. This also lies in the fact that the new generation is a generation of spendthrifts against the old. Young consumers have quite high levels of personal disposable income to use to express themselves through about their choice of consumer goods not least through fashion. Thus, there is a thriving target consumer base here of highly impressionable and demanding young men and women. Therefore, the footwear market for youngsters is anticipated to grow at a CAGR of 14% during 2012-2014.
Further according to a latest research report by RNCOS, “China Footwear Market Analysis”, China is set to become the world's largest online retail market, with sales expected to triple to US$ 364 Billion by 2015. Also, Internet users in China spend at least 1.6 hours a week shopping online, which is also expected to rise in the near future growing on the back of rising internet penetration.
Further, our report finds that the domestic sales of footwear have significantly risen in the country due to large population base and rising standards of living. It also presents the future outlook of the Chinese footwear market, in terms of production in sub-categories, like leather shoe and rubber shoe; domestic sales, on the basis of user type like women’s, men’s and children’s footwear; and on the basis of product type like sports footwear, luxury footwear, etc. These forecasts will work as a guide to the clients that will help them understand the direction in which the market is likely to proceed in the coming years.
Our comprehensive study also covers information about main regional hubs and some leading players operating in the Chinese footwear market. Through this extensive research work, our aim is to present optimum information and balanced research outlook on the potentials of the Chinese footwear industry.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM083.htm
Some of our Related Reports are:
- Indian Footwear Market Forecast 2014 (http://www.rncos.com/Report/IM310.htm)
- Women Ethnic Wear Market in India Outlook 2015 (http://www.rncos.com/Report/IM398.htm)
- Women Innerwear Market in India Outlook 2015 (http://www.rncos.com/Report/IM399.htm)
- Women Western Wear Market in India Outlook 2015 (http://www.rncos.com/Report/IM400.htm)
Check Related REPORTS on: http://www.rncos.com/Retail%20industry.htm
RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. 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 intending consultants in meeting their objectives in a cost-effective and timely manner.