Asia-Pacific Clothing and Footwear Retailing Market is Expected to Grow at a CAGR of 8.1% by 2020: Radiant Insights

Summary

Clothing and footwear market in the Americas is expected to grow faster than the historic period at 3.1% during 2015-2020. Increase in demand for discounted premium or luxury products will fuel growth of off-price and overall clothing and footwear retail in the US and Canada. Brazil will return to growth during the next five years after being hit by devaluation of local currency and political instability. Other Latin American markets, mainly Mexico and Colombia, will increase their importance in the regional market with rising purchasing power, growing demand for latest fashion, and increase in popularity of local designers.

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Key Findings

- The US clothing and footwear market accounts for 74.4% of the total regional market, and is forecast to grow at a CAGR of 2.7% during 2015-2020

- Colombia, followed by Chile, is forecast to grow fastest at 9.1% over the next five years, at the same time, Mexico will generate second-highest value growth of US$7.4 billion after the US

- Online channel will achieve largest value growth of US$58.5 billion, driven by increasing online retail penetration in emerging markets, preference for lowered prices, and expansion of existing online retailers

- Increasing consumer preference for online channel will affect sales of specialist retailers, which will lose their share by 6.6% in regional sales

- Retailers are increasing their investment in off-price formats, in-store technology, and integration of online and offline, at the same time adopting innovative technologies to engage customers

Synopsis

The "Clothing and Footwear Retailing in the Americas, 2015-2020" report, published by Verdict Research, provides analysis of current and forecast market data for clothing and footwear retail sales sold through major channels in the Americas.

What else does this report offer?

- Current market sizes and forecasts for 2020 by country with an assortment of charts that ranks countries based on market size, growth rate, value growth and channel sales

- Market insights based on consumer trends, and changing economic and demographic factors on a global, regional, and country basis

- Retail sales and fastest-growing markets for the category group and further sales breakdown for individual sub-categories: womenswear, menswear, childrenswear, women's footwear, men's footwear, children's footwear

- Qualitative and quantitative insights of changing clothing and footwear's retail dynamics across various channels

- Retail sales, market share and growth rate of channels included: clothing accessories and luxury goods specialists, department stores, online, hypermarkets, supermarkets and hard-discounters, discount stores, value, variety stores and general merchandise retailers, duty free retailers, and others

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