China’s Backpack Market to Reach CNY 37 Bn in 2021, According to New Report by ASKCI Consulting Recently Published at MarketPublishers.com27 Mar 2017 • by Natalie Aster
LONDON – Disposable incomes of Chinese residents have gained traction over the recent years. Furthermore, the requirements regarding travelling and daily life have also changed, thereby encouraging the demand for backpacks in the country.
To date, the demand for backpacks in China is exhibiting robust growth. Yet, there are no strong brands in the country’s market, as it is generally inhabited by international brands of high-end and cheap products. Nowadays, the Chinese backpack market is a classic consumer good market and is expected to transfer to fast moving consumer good in the nearest future.
As of 2015, the volume of retail sales in the Chinese backpack market amounted to 208 million, whilst the value crossed the CNY 25 billion mark.
Nowadays, backpacks emerge as not just a daily consumer good, but also as a fashion decoration. In 2021, the value of backpacks retail sales value in China is anticipated to reach CNY 37 billion.
New research study “Market Research on Backpack in China 2016-2021” prepared by ASKCI Consulting includes a comprehensive analysis of the Chinese backpack market. It covers the development of the market during 2011-2016, describes the current scenario and also gives forecasts through 2021. The report includes an insightful review of the market performance on a global and country scales. Moreover, the research study sheds light on the market dynamics, focusing on the major market growth drivers, challenges and restraints. It offers relevant info on the dominant companies active in the market, including Xiangxing Group, Newcomer Corporation, DAPAI (CHINA), Samsonite International S.A., St. Light Industry, Anhui Kairun, Jiangsu Meijuke Technology. Additionally, this cutting-edge report presents future forecasts for the market up till 2021.
Other new insightful research reports elaborated by ASKCI Consulting can be found at its page at MarketPublishers.com.