China Underwear Market to Enjoy 10% CAGR through 2021, Informs CRI in Its Novel Research Study Published at MarketPublishers.com
21 Sep 2016 • by Natalie Aster
LONDON – In the recent years, the Chinese underwear market has been enjoying steady growth. In the current year, the market size is estimated at more than CNY 280 billion. The lingerie segment holds the lion’s share (60%) of the Chinese underwear market.
At present, the Chinese underwear market is poorly concentrated. Today, there are more than 3,000 brands in the domestic underwear marketplace, but the combined share of top 5 companies hardly reaches 10%. Furthermore, the market-entry barriers are relatively low.
In the years to come, the Chinese underwear market is likely to follow an upward trend, propelled by significantly rising demand for underwear on the back of increasing living standards among Chinese population. Between 2017 and 2021, China’s underwear market is expected to register a CAGR of 10% and in 2021 will likely cross CNY 450 billion.
The new CRI’s research report “China Underwear Industry Overview, 2017-2021” includes a detailed analysis of the current scenario in the Chinese underwear market, highlights top development trends, covers the competitive landscape and gives details on the leading companies. It touches upon the key factors influencing consumer behavior and demand, delves deep into the market segmentation, scrutinizes the market dynamics including the major growth driving and limiting forces, outlines future possible opportunities, points out key threats and challenges. In addition, the research report comprises projections for China’s underwear market up to 2021.
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