DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/2wrp62/global_and) has announced the addition of the "Global and Chinese Luxury Apparel Industry Report, 2014-2017" report to their offering.
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%.
Key Topics Covered:
1 Overview of Luxury Apparel Industry
2 Development of Global and China Luxury Industry
3 Development of China Luxury Apparel Industry
4 Development of China Luxury Apparel Segmented Products
5 Chinese Consumers of Luxury Apparel
6 Status Quo of Luxury Apparel Online Shopping in China
7 Leading Luxury Apparel Production Enterprises
8 Conclusion and Forecast
For more information visit http://www.researchandmarkets.com/research/2wrp62/global_and