Clothing & Footwear Retailing in Germany to See Steady Growth to 2021, Predicts GobalData in Its In-Demand Report Available at MarketPublishers.com
06 Jul 2017 • by Natalie Aster
LONDON – The clothing and footwear retailing market in Germany witnessed steady growth during the past several years. It is predicted to continue gaining traction at a modest pace in the coming years.
During 2017-2021, the German clothing and footwear retailing market is anticipated to increase at a 2.2% CAGR. The value of the domestic clothing and footwear market is expected to touch EUR 79.8 billion by the year 2021.
The online retailing channel registers the highest growth rates in Germany. Through 2021, the online retailing is expected to increase at a 10.3% CAGR to capture a 30% share of the countries clothing and footwear retailing.
The top 5 clothing and footwear retailers in Germany are international players with H&M holding the dominant position in the country’s market.
In-demand topical report “Clothing & Footwear Retailing in Germany, Market Shares, Summary and Forecasts to 2021” prepared by GlobalData offers access to trustworthy qualitative and quantitative data on the clothing and footwear retailing in Germany. This study contains historical and present sales statistics, describes the business environment in the country, discusses the major risks associated with doing business in Germany, touches upon the regulative framework in the country. Besides, this report examines the prominent consumer trends, scrutinizes the major factors influencing the development of the German clothing and footwear retailing market as well as provides a future outlook through 2021.
For other topical market research studies elaborated by this publisher visit the GlobalData catalogue at MarketPublishers.com.