World’s Largest Markets for Apparel & Accessories Located in APAC, States Euromonitor in Its Report Available at MarketPublishers.com03 May 2016 • by Natalie Aster
LONDON – Growth of sales of licensed products in Asia is encouraged by rising disposable incomes, growing populations, rapid urbanization, and more. Toys, accessories and apparel for the top three most licensed industries in this region.
APAC can boast the world’s largest markets for apparel and accessories. The local toys marketplace is the most dynamics one on a global scale. It is expected to grow at a CAGR of approximately 5 percent in the upcoming years.
Japanese properties keep the dominant position in the character licensing, and international franchises have been gaining traction over the recent years.
Childrenswear has become crucial category in the apparel space in this region due to the fact that two of the globe’s largest child populations are located in Asia. Uniqlo from Japan is currently one of the most dynamic companies in this marketplace.
Cross-body bags and backpacks represent the most heavily licensed categories in field of personal accessories. However, jewelry takes lead in terms of the overall category sales.
Approximately a half of the world’s top ten most heavily licensed market for toys in APAC. Indonesia, South Korea and Singapore are in the top three of countries in terms of licensing penetration.
In-demand research report “Key Character Licensing Trends Shaping Apparel, Personal Accessories & Toys in Asia Pacific” prepared by Euromonitor International Ltd. offers a deep insight into APAC markets for apparel, toys and personal accessories. The study draws up a detailed picture of the marketplaces. It estimates their sizing, covers licensed brands as well as licensors in the region.
The report delves deep into issues related to distribution and piracy. The research study contains case studies and discovers income trends. Future outlook for each marketplace is available in the report, too.
More in-demand research reports by this publisher can be found at Euromonitor page.