China Luxury Apparel Market Worth RMB 89.04B by 2017 - FOX 18 Quad Cities News and Weather

China Luxury Apparel Market Worth RMB 89.04B by 2017

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SOURCE ChinaMarketResearchReports.com

DALLAS, August 20, 2014 /PRNewswire/ --


ChinaMarketResearchReports.com adds "Global and China Luxury Apparel Industry Report, 2014-2017" market research of 135 pages to its store. Companies like LVMH, Richemont, Kering, Chanel, HermèS, Burberry, Versace and Prada are discussed in this research. Platforms like http://www.shangpin.com, http://www.glamour-sales.com.cn, http://www.5lux.com, http://www.meici.com and http://www.xiu.com are covered along with information on brands like Louis Vuitton, FENDI, Dior, Givenchy, Thomas Pink, Dunhill, Shanghai Tang, Gucci, Saint Laurent Paris, Bottega Veneta, Miumiu and Church's in this report.

With the improvement of people's income as well as the prosperity of agent purchasing and gifting, the luxury market in China (especially Mainland China) has achieved steady growth over the recent years. During 2004-2011, China's total consumption of luxury goods showed a CAGR of 20.9%. However, since 2012, influenced by the policies of anti-corruption, suppression of gifting and consumption with public funds, the growth rate of luxury consumption in China has been slowing down rapidly. In 2013, total luxury consumption in China was RMB 116 billion, up by only 2.1% YoY, falling 5.1 points compared to the growth rate in 2012.

At present, most luxuries in China are concerned about dressing, of which apparel account for over 60%. In 2013, China's total consumption of luxury apparel was RMB 76.13 billion, accounting for 65.6% of the total consumption of luxury goods, and it is expected to reach about RMB 89.04 billion in 2017.

Wristwatches, bags & suitcases and men's wear are major luxury apparel consumer products in China, which accounted for 72.9% of total consumption of luxury apparel in China in 2013. Among them, wristwatches made up the highest proportion 35.0%.

Being optimistic about the prospects of China's luxury market, the world's major apparel brands such as Louis Vuitton (LV), Hermes, Burberry, Gucci, Prada, Fendi and Thomas Pink all have begun their layout in China in recent years.

LV: a global luxury apparel brand with the highest value in 2014. As of the end of June, 2014, LV has a total of 50 specialty stores in 33 cities in Chinese Mainland, adding one city (Jinan) and 5 specialty stores compared with the numbers in 2013.

Hermès: the most popular luxury brand in China in 2014, with brand value reaching USD 21.84 billion. As for its strategy in China, Hermès draws close to the Chinese consumers through its ""Shang Xia"" brand and through building Chinese-style luxury. Currently, there are two ""Shang Xia"" brand stores each in Shanghai and Paris.

Burberry: the eighth largest luxury brand worldwide in 2014. In recent years, while actively strengthening partnership with Baidu, Youku and Alibaba, Burberry also opens the new online private customization service. In April 2014, Burberry online store successfully settled in http://www.tmall.com and became the first top luxury shop to open in China's B2C online stores.

Global and China Luxury Apparel Industry Report, 2014-2017, available for purchase at http://www.chinamarketresearchreports.com/contacts/purchase.php?name=114876, focuses majorly on the following:

  • Scale and regional structure of Global and China luxury markets, and overseas consumption of Chinese consumers, etc;
  • Tax policies, size, product structure, regional structure and brand development status, etc of China luxury apparel market;
  • Size of clothing, wristwatch, bag & suitcase, shoes and other apparel market segments and development and layout of various brands in China, etc.;
  • Research of characteristics, information channel, purchase propensity of Chinese luxury apparel consumers;
  • Online shopping market size and online shopping features of luxury apparel and patterns of netrepreneursin China;
  • Operation and development in China of 8 key global luxury companies (including 17 brands);
  • Forecast of Global and China luxury and China luxury apparel market size in 2014-2017.

Comprehensive Table of Contents and more on this report is available at http://www.chinamarketresearchreports.com/114876-toc.html .

China Jewelry Industry Report, 2013-2016 is another business intelligence research of 133 pages and published in June 2014. In 2013, the global jewelry sales achieved USD184 billion, representing a year-on-year jump of 26.03% , accounting for 57.86% of the global luxury goods sales. Mainland China is a major jewelry consumer in the world. In 2013, the jewelry sales in Chinese Mainland approximated USD75.8 billion (USD1= RMB6.2), equivalent to 41.2 % of the global consumption. Currently, Chow Tai Fook, Lao Feng Xiang, Shanghai Yuyuan Tourist Mart, Chow Sang Sang and Luk Fook have become the leading brands in China (including Mainland China and Hong Kong). In 2013, Chow Tai Fook occupied the highest share 8.63% in the Chinese market (in terms of sales revenue) , followed by Lao Feng Xiang with 5.34 %. Read more at http://www.chinamarketresearchreports.com/114825.html .

China Outdoor Gear Industry Report, 2013-2016 is a 86 pages market intelligence research published in June 2014. Total retail sales of China outdoor gear industry registered a CAGR of 42.9% during 2005-2013, and reached RMB 18.05 billion in 2013, jumping by 24.3% year on year. As of the end of 2013, there were 891 outdoor brands in China, of which 458 were Chinese local ones (including Toread, Kolumb, Camel, Kroceus under Shanghai Challenge Sports Products Co., Ltd., Jihua Outdoors under Jihua Group, Anemaqen under Sanfo Outdoors and Shehe). However, foreign brands hold about 70% of China's outdoor gear market, assuming absolute superiority. In 2013, Columbia and The North Face were the top two players in China outdoor gear market with a share of 16.9% and 14.0%, respectively. Read more at http://www.chinamarketresearchreports.com/114836.html .

Explore more reports on consumer goods industry in China and global markets at http://www.chinamarketresearchreports.com/cat/consumer-goods.html .

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China Market Research Reports is a database of selected syndicated market reports for global and China industries including but not limited to life sciences, information technology & telecommunications, consumer goods, food and beverages, energy and power, automotive and transportation, manufacturing and construction, materials and chemicals, public sector as well as business and financial services. We provide 24/7 online and offline support service to our customers.

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