Increasing Working Women Population and Changing Lifestyle in the country to Foster Future Growth of Singapore Day Care Market: Ken Research

Posted on 18 October 2017 by KenResearch

Infrastructure development and increasing baby population have aided the demand for day care services in Singapore. 

Day care market in Singapore has witnessed significant growth over the period 2013-2016. Number of enrollments has surged during the period and centers providing such services have also augmented at a considerable pace. The growth has been supported by several factors including government initiatives, growing child population and enhancing working population in the country. Building void deck childcare centers made it easier for the government to speed up the number of centers. More financial incentives were later offered to encourage couples to have more babies by defraying costs of raising young children by implementing schemes such as the Baby bonus Scheme in 2001. Furthermore, rising awareness of the benefits of early learning to cognitive development in children has encouraged more parents to opt for day care centers.

In order to maintain work life balance, daycare centers have become a convenient and safe option for parents to help in the learning and development of their child. This is further supported by increasing disposable income due to which parents look for quality education along safe and secure facilities in near proximity. The infrastructure of day care centers have evolved with centers focusing on overall development of the children. Major Day care centers are widening their service portfolio by offering both childcare and infant care services. The centers have come up with curriculum which focuses on the overall development of the child. Technology and innovation has played a key role in development of various facilities offered by the daycare centers. Now-a-days, daycare centers offer e-learning facilities, app based updates for individual parents and easier digital payment options. This has helped in smooth functioning of the daycare centers.

The report titled Singapore Day Care Market by Type (Childcare – Kindergarten, Playgroup, Nursery; Infant Care Centers), by Duration (Half Day and Full Day) – Outlook to 2021by Ken Research suggested a robust CAGR of 12.7% in revenue of the Singapore day Care by 2021 with growing importance of early education and infrastructure investment driving the revenues of this market in the future.

 Source: https://www.kenresearch.com/education-and-recruitment/education/singapore-day-care-market/142262-99.html

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Chocolate Industry in Malaysia: A Sweet Blooming Market with Mouth-Watering Returns: Ken Research

Posted on 17 October 2017 by KenResearch Food and Beverage ,

Everyone loves chocolate. However, with large demand and limited supply, chocolates are becoming expensive. In addition, as people are becoming more and more aware about health and fitness, chocolate industry is seeing a decline in overall demand for chocolates. In Malaysia, consumers are concerned with the increasing prices of chocolates. Since most of chocolates are sold for children, people are becoming more and more reluctant to spend that much amount of money for chocolate. Concerned with dip in sales because of this, chocolate manufacturers and retailers in Malaysia are offering various price discount offers to attract more customers. Various brands are using various techniques to expand their customer base. For example, KitKat is offering a cash discount of upto 30% on its few of its products, like green tea and milk chocolate flavours, while brands like Snickers and Van Houten are offering value packs and extra product at reduced prices. Some are even offering free plastic packaging with chocolates.

According to the market research report "Chocolate Confectionery in Malaysia", the chocolate market can be segmented into boxed assortments, chocolate pouches and bags, chocolates with toys, chocolate confectionery, seasonal chocolates and tablets. It can also be segmented into milk chocolates, molded chocolate bars, chocolate covered bars and dark chocolates. Market can also be segmented in terms of size, small single bar chocolates, large chocolates, family packs, etc. Major distribution channels include Hypermarkets and Supermarkets, Convenience stores, Department stores, Dollar stores, Variety stores, eRetailers, Food & Drinks specialists, etc. Malaysia not only consumes chocolates but also exports it. There are over 50 chocolate manufactures in Malaysia. In terms of market share, Malaysia holds the majority share in Southeast Asia, and this is expected to increase considering the demand for chocolate is increasing. The Malaysian Chocolate and Confectionary market is growing and now the Malaysian industry is eyeing new markets like Russia, Ukraine and expands its hold on some existing markets like Middle East.

Like the sweet, mouth-watering taste of chocolate, Malaysian chocolate industries is also very lucrative and offers some very attractive returns. A good chocolate manufactured take a very precise process and Malaysian chocolate industry has seemed to excel in it.

For further research, please refer to the below mentioned link:

https://www.kenresearch.com/food-beverage-and-tobacco/general-food/chocolate-confectionery-malaysia/112197-11.html

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Surgical generators - A specific analysis for the BRIC economies: Ken Research

Posted on 17 October 2017 by KenResearch Healthcare ,

The surgical generators global market is lead by new technological advancement, increasing demand for minimally invasive procedures, and incidence of surgeries. It drives path breaking technological innovations that are making surgeries safer and less destructive. However, the lack of skilled professionals is one of the major roadblocks for this market. Despite this, the global surgical generators market has been growing at a healthy rate and is expected to continue on this rapid growth path.

The Global surgical generators market can be dissected into product type, end-user, application and region. In terms of the product type, the two classifications include‘ground referenced generators’ and ‘isolated generators’. The end-users of the market can be classified into hospitals, specialty clinics, ambulatory surgery centers and others. In terms of application, the global surgical generators market can be categorized into cardiovascular surgery, dermatology surgery, neurological surgery, oncology, urological surgery, and others.

Further, the surgical generators market is geographically divided into seven key regions, namely North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. Of these, North America holds the largest share in the global surgical generators market, followed by Europe but it is the Asia Pacific market which is expected to grow at the highest rate because of rising prevalence of chronic diseases, growing awareness among people, health care insurance coverage, increasing health care expenditure, and consistent government efforts to increase population access to elective surgery and boost healthcare infrastructure in the region. Also notable is the presence of Latin America, Middle East and Africa, which are set to create large opportunities due to the promise of investment by multinational companies, increasing private health care insurance coverage, and rising per capita expenditure in these regions.

The report titled, “BRIC surgical generators market outlook to 2023”, provides key market data on the BRIC surgical generators market and provides value (in millions of US dollars), volume (in units) and average prices (in US dollars) for the years 2009 to 2016 and forecasts the sameup to 2023, individually for each of the BRIC nations, i.e. Brazil, China, India and Russia along with an overall coagulated analysis of BRIC for the same parameters.

The various surgical generator market segments are categorized as Argon Plasma Coagulation Generators, Electrosurgical Radiofrequency (RF) Generators, Electro-cautery Generators and Ultrasonic Generators.

The report also provides company shares and distribution shares data for each of these market segments, and global corporate-level profiles of the key market participants. These key players operating within the BRIC Surgical Generators market include Medtronic Plc, Olympus Corporation, ERBE Elektromedizin GmbH, ConMed Corporation, B. Braun Melsungen AG andBovie Medical Corp, and the company overview for each of these key companies is given in the report.

The findings in research presented through the report will go a long way in helping key market players in the BRIC surgical generators marketdevelop business strategies by identifying the key market segments poised for strong growth in the future; develop market-entry and market expansion strategies; design competition strategies by identifying who-stands-where in the market; develop investment strategies by identifying the key market segments expected to register strong growth in the near future.

Market players can profitablycapitalizeon the report, which defines what the key distribution channels are and what the most preferred mode of product distribution, is and can therefore use thecomprehensive analysis to increase their productivity.

For further reading click on the link below:

https://www.kenresearch.com/healthcare/general-healthcare/bric-surgical-generators-market/110280-91.html


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Tax Deduction-Ray of hope for mushrooming grocery-retailing sector in Thailand: Ken Research

Posted on 16 October 2017 by KenResearch Consumer Products and Retail ,

Traditional grocery stores are common in Asian countries. People still prefer small grocery stores in developing Asian countries like India and Thailand. In 2016, grocery retailers in Thailand showed robust growth despite most of the customers were low and middle-income customers and many of them were affected by severe drought in early 2016. Main reason for this significant growth was increasing number of retail stores and heavy promotion by them.

After the severe draught in early 2016, Thai government took multiple measures to simulate growth in market, tax deduction was one of them. People spending more than a certain amount of money were given tax benefit. This promoted consumers to spend more money in the market. On the other end, retail stores also stared reducing price and giving discount on various products to attract more customers. All these measure combined give the required boost and the grocery retailers in Thailand saw significant growth in sale in revenue earned.

According to the market research report "Grocery Retailers in Thailand", this market can be segmented into modern grocery retailers and traditional grocery retailers. Although traditional grocery retailers are leading the market, but modern grocery stores are seeing significant growth rates and are gaining ground. Major players in this segment are Big C, Tesco Lotus and CP All. CP All is leading the grocery stores sales in 2016. It has maximum number of retail outlets. The 7-Eleven stores by CP All are present all over Thailand. Since the competition is so intense, many of the market players have decided to introduce new products. Many others are expanding there reach by increasing number of their stores. Most of the grocery stores are offering various discount offers and offering reward points, which consumers can redeem in those stores while making purchase.

Grocery retailers in Thailand are expected to see significant growth levels in near future. This growth can be attributed to increase in number of stores, introduction of new products, price reduction and various discount offers. Hypermarkets and supermarkets are also expected to see some growth in terms of volume, but eRetailing is expected to grow the maximum with most of the young customers moving towards internet retailing.

 

For further details of the report visit:

https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/grocery-retailers-thailand/93715-95.html

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Grocery Retailing: A Gem of the Industrial Crown with Increasing Purchasing Power of Citizens of Czech Republic: Ken Research

Posted on 16 October 2017 by KenResearch Consumer Products and Retail ,

For industrial growth, macroeconomic factors play a major role. With expanding economy, market also grows. Czech Republic has seen positive macroeconomic growth in 2016. All macroeconomic factors have witnessed positive trends. Wages increased by over 4%, unemployment has reduced and has reached a lower level of 4%. With this, consumer sentiments have reached record high levels. All these factors combined have increased the purchasing power of consumers. This increased purchasing power has given boost to the grocery retail sales, which has seen significant growth in 2016. Grocery retailing in Czech Republic has seen a growth rate of 4% in 2016, and since the economy is expected to continue its growth pattern, grocery retailing is expected to grow further.

The expansion of the economy of Czech Republic is one of the main factors for the growth of grocery retailing. With the improvement in the per capita income because of positive growth of macroeconomic factors, consumable income with people increases which increased the volume of sale in the Czech grocery market. In addition, with increased purchasing power, retailers are able to maintain their profit margins and hence are able to earn hefty returns. Ahold Czech Republic is the market leader in grocery retailing market since past two years. Before that, Kaufland Ceska Republika was the market leader after it acquired one of the major retailers, Spar in 2014. Tesco Stores hold the third place in this market segment. Other major grocery retailers in Czech market are Schwarz Group and Lidl Ceska Republika. The market can be segmented into traditional grocery stores and modern grocery stores with modern grocery stores showing exponential growth in past few years. People have also started purchasing grocery from online stores and hence, many modern grocery stores have started operating online also, since they do not want to lose the young consumers who prefer purchasing most of their groceries online.

According to the market research report "Grocery Retailers in the Czech Republic", in past few years, the unemployment has reduced significantly in Czech Republic and hence, the purchasing power of consumers has improved. These positive macroeconomic factors have pushed all the Czech Industries in positive direction, and grocery stores have benefited from this positive trend. With increased income levels, consumers will be able to afford more and better quality products, which will promote groceries retailers to expand their reach and product line. With all these factors combined, grocery retailing in Czech Republic is expected to see robust growth in coming years.

 

For further details of the report visit:

https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/grocery-retailers-czech-republic/119200-95.html

 

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Chocolate Confectionery in Taiwan: A market seeing a paradigm shift with conservative government policies and checks: Ken Research

Posted on 13 October 2017 by KenResearch Food and Beverage ,

All love chocolate. Children, adults, all love the taste of chocolate. Recently, people are becoming more and more aware about their health and fitness. They are reducing their sugar intake by reducing the consumption of products with high sugar content like chocolate and other confectionary and bakery products. Further, as children and young people consume most of the chocolates, and most of them are becoming health conscious, sale of chocolate is taking a hit in past few years. This trend is almost similar throughout the world and Taiwan is no different. In past few years, the Taiwanese chocolate industry has seen a downfall in sale of chocolates and related products.

According to the market research report "Chocolate Confectionery in Taiwan", one segment of the chocolate industry in Taiwan has not seen any downfall in sales. Instead, it has seen some growth in its sale. That segment is of dark chocolate. Dark chocolates have seen significant growth in its sales because of its low sugar content and certain other health benefits. This is the reason why most of the consumers are shifting from traditional chocolates to dark chocolates and therefore, manufacturers are providing various product options in dark chocolates. A recent survey has found that Taiwanese people are most interested in the good feeling they get when they eat chocolate.

To improve the standards of the industry, Taiwanese government is also setting some standards for the chocolate industry. This will help protecting the consumer rights and will set some quality benchmarks for the chocolate manufactures. At present, Ferrero Taiwan is the market leader in the chocolate industry. Its two products, Ferrero Rocher and Kinder Surprise took the lead in terms of sales. Kinder Country and Kinder Bueno are also famous. Mars who's Snickers follow Ferrero Taiwan and M&M’s products are sold the most. Hunya Foods Co follows Mars in terms of market share. It is a domestic brand.

In near future, chocolate industry is not expected to grow and show some significant revival. However some of the players are expanding their product lines to include more luxury and dark chocolates and therefore increase their customer base and hence make some recover in their sales.

 

For more details, please refer the below mentioned link:

https://www.kenresearch.com/food-beverage-and-tobacco/general-food/chocolate-confectionery-taiwan/112198-11.html 

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Government reforms in the emerging markets: Ken Research

Posted on 12 October 2017 by KenResearch Education and Recruitment ,

The developing countries with slower or low economic growth are categorized under emerging market economy. When a country moves from a closed economy to an open market economy it is designated as an emerging market economy. The developing countries prepare themselves for an economic reform that helps in a stronger and more responsible economic performance levels, transparency and efficiency in the capital market. Emerging markets develop in both local and foreign investments. A foreign investment is an indication that the world is observing an emerging market. Emerging markets reflect rise in employment levels, refined labour and managerial skills, sharing and transfer of technology. A successful emerging market should increase its gross domestic production and cease the gap between the already emerged and emerging worlds.

According to the market research, report "Government Spending Top 5 Emerging Markets Industry Guide 2017", these countries contributed $5,068.2 billion to the global government spending is industry in 2016, with a compound annual growth rate (CAGR) of 8.7% between 2007 and 2011. The top five emerging countries are expected to reach a value of $7,589.4 billion in 2021, with a CAGR of 8.4% over the 2016-21 period. Within the government, spending's industry, China is the leading country among the top 5 emerging nations, with market revenues of $2,982.2 billion in 2016. This was followed by Brazil and India with a value of $927.7 and $704.8 billion, respectively. China is expected to lead the government spending's industry in the top five emerging nations, with a value of $4,639.0 billion in 2021, followed by Brazil and India with expected values of $1,233.8 and $1,093.7 billion, respectively.

The stable U.S. dollar, recovering inflation and moderate economic growth in China has improved the emerging markets in the year 2017. It is essential that the future of the emerging markets in the developing countries such as China, India and Brazil need strong commitments to economic, financial and structural reforms; and industries need to provide more exposure to consumer spending. The productivity and innovation pave way to a robust growth in the emerging markets. Every country is unique and the emerging market faces it own individual issues and opportunities. The emerging markets reflect an increase in income and raised living standards. This resulted in more employment of trained individuals and less poverty.

China has a strong record of accomplishment of reforms in the emerging market. The government reforms included environmental policy, sustainable urban development, transitioning toward less state control of the economy, a better fiscal framework, financial liberalization, and anti-corruption measures. China will witness growth in jobs and consumption due to inflation. The inflation is an attraction for production and financial services increase availability of credit for consumer spending.

Brazil needs short-term improvements to address financial revenues and spending. In addition, the government is aiming at more open markets, global integration and greater investment.

Indian government has been working to encourage foreign investment in manufacturing, infrastructure, reforming financial policies, labour markets and the energy sector. The country has issues with legal and regulatory affairs.

Mexico is performing structural reforms in energy sector and is supported by private investment. There is political stability; however, the crime and corruption rates remain the same. Mexico is a country with a strong consumer base and the consumer spending is due to a large number of workers from other countries.

Saudi Arabia is also working to reduce its public subsidies, financial reforms, a more internationally open society and, the public listing of Saudi Aramco, the world's largest oil company. Saudi Arabia is a resource-driven economy that depends purely on petroleum revenue.

With the emerging markets, billions of world’s population is coming out of the poverty line. This population is now a gigantic consumer market. The majority of them are now young, living in urban areas, digitally connected, and well-educated. Emerging markets look forward to brighter opportunities and offer new areas of investment. Almost all the governments in developing countries face challenges to keep pace of the economic growth. It is expected that by the year 2021, the top five emerging markets will reach a CAGR of 8.4% and will achieve a value of $7,589.4 billion. China is expected to lead among the top five countries followed by Brazil and India.

For further reading click on the link below:

https://www.kenresearch.com/education-and-recruitment/education/government-spending-top-5-emerging-markets/83382-99.html


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Compounding Pharmacies: A niche Medicare market serving the patients with need: Ken Research

Posted on 11 October 2017 by KenResearch Healthcare ,

Compounding pharmacies are a blessing for certain patients. They prepare drugs for patients with specific needs, drugs that cannot be produced by commercial manufacturers. For example, an infant or a young child may be in need of a small dose of a drug, which is manufactured for adults, or a person might be allergic to one of the ingredients in the commercial version and might need a different version of the same drug. Such special needs of patients are taken care of by Compounding Pharmacies.

According to the market research report "Global Compounding Pharmacy Market by Manufacturers, Countries, Type and Application, Forecast to 2022", the increasing elderly population and higher proportion of individuals reaching the advanced age of 50+ has resulted in increased demand of medicines. Nevertheless, due to the variation in population taste, allergies and requirement, demand for personalized medicines is increasing. In addition, shortage in supply of commercial drugs and quality issues are further simulating the demand of such personalised drugs. The market is segmented by manufactures, geographic region, type and application. Major manufactures in this segment are Fagron, CAPS, Cantrell Drug, Advanced Pharmacy, Olympia Pharmacy, and few others. By region, this market can be segmented into North America (USA, Canada), Europe (Germany, France, and Russia), Asia-Pacific (China, Japan, Korea, and India), South America, Middle East and Africa. In terms of type, this market can be segmented into Pharmaceutical Ingredient Alteration and Pharmaceutical Application Alteration. In terms of application, the market can be segmented into consumers aged under 18, consumers aged 19 to 44, consumers aged 44 to 64 and consumers aged 65 and above. Oral medications dominate the compounding pharmaceuticals market, while in age group, adult segment leads the market. Although lack of availability of skilled staff for compounding process and high cost of equipments for preparing such medicines is impeding the growth to some extent, but due to large demand, the market is expected to grown in near future.

Compounding Pharmaceuticals are growing rapidly because of high demand. Due to heavy investment in R&D and other technological advancements, the industry is expanding rapidly. Adoption of new technology will make these medicines more affordable and will further boost the growth in the market.

 

For further research, please refer the below mentioned link:

https://www.kenresearch.com/healthcare/pharmaceuticals/global-compounding-pharmacy-market-manufacturers/111185-91.html

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Turkish Cigarettes: A market dying of its own poison? Rising taxes and falling exports: Ken Research

Posted on 11 October 2017 by KenResearch Food and Beverage ,

The Turkish Cigarette market was growing rapidly until past few years. The growth, which started in 1990, started to slow down in 2004. Until then, the market grew about 48%. Recently, this segment has seen some significant slow down in terms of sales.

Every year, thousands of people die in Turkey because of tobacco consumption. In addition, million more use tobacco on daily basis, affecting their and their families lives. As education and knowledge is spreading, more and more people are becoming aware about the harmful effects of smoking a cigarette and moving away from it. Rising cigarette prices, increased taxes and stringent regulations are aggravating the situation and hampering the sales of cigarettes further. In 2014, the per capita consumption was 1208 cigarettes. Although the growth has slowed down, but it has not stopped. Because of increase in adult smoking population and increase in unit price of cigarette, the market is expanding in terms of both volume and value. In past few years, Turkey saw a rise in illicit trade and smuggling of cigarettes. But the government has cracked down most of these smugglers and have taken strict actions against them. Before this crackdown, illegal trade of cigarettes from Iran to Turkey was hampering the legal sale of cigarettes.

According to the market research report "Cigarettes in Turkey, 2016", Turkey is not just a big consumer of cigarettes but also an exporter of cigarettes. Countries like Bahrain, Iran and Iraq are major importers of Turkish cigarettes. There are five major market leaders in Turkish Cigarette Market. Philip Morris, European Tobacco AS, British American Tobacco (British American Tobacco Turkey), JTI Tutun Urunleri San (JTI) and Imperial Tobacco. At present, British American Tobacco is the market leader while JTI is at second position. The main distribution channel is of small grocers. These independent small grocers are very convenient for consumers to by cigarettes from. Tobacco specialists and shopping malls and a major part of distribution channel.

The sales of cigarettes are expected to fall further in next few years due to increasing prices, increasing tax rates and increasing awareness about health and fitness. However, the sale of cigars is expected to rise because of improvement in taste and lifestyle of Turkish people. Hence, rise in the imports of cigars and branded cigarettes can be seen in near future.

 

For further reading, please refer to the below mentioned link:

https://www.kenresearch.com/food-beverage-and-tobacco/tobacco-products/cigarettes-turkey-2016/91898-11.html

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Innovative designs and better price to lead the Designer apparel Market in Hong Kong

Posted on 06 October 2017 by KenResearch Consumer Products and Retail ,

The leading company of designer apparel and footwear in Hong Kong in terms of sales was leisurewear during 2016. In banking sector and government workers, formal wear is indispensable. On the other hand, there is increase in freedom in terms of work apparel for the workers in other industries as dress code became semi-formal. In Hong Kong, there is increase in number of people who have shown formality in their work attire with several designs apparel and footwear, which had led to rapid growth in sales of formal wear as well as of leisurewear.

The Hong Kong apparel and footwear retailing continued with a good performance, despite of low mainland tourists activity in the city. Most of the brands rely on their local customers for growth, except some luxury apparel and footwear brands, which attract foreigners.  In 2016, decreased amount of tourist did not affect the footwear market tremendously. There is a tight competitive landscape for business as well as consumers because of rise in new brands in Hong Kong in 2016.

According to the market research report "Designer Apparel and Footwear (Ready-To-Wear) in Hong Kong, China", a new trend of sportswear and sports-inspired apparel and footwear from past years is gaining popularity and has become the main pursuit for consumers. Consumers have shifted towards practical clothing and performance sportswear, as consumer’s preference has become more health-conscious and athletic. Special addition and collaboration addition items of brands have become very popular among consumers. These items are sold for more than three times the original price and are often popular with private buyers, which had led to increase in prices of sportswear.

Consumers are looking for better quality products, as the living standards have improved in Hong Kong, and patrons are becoming educated about fashion and trends. There is increase in knowledge about foreign brands and open-mindedness among local shopkeepers about products style. To increase sales among low class and middle-income consumers, the brand have transferred runway items into affordable options.

Many brands have established their internet retailing channels in order to capture online customers. This is because many customers look towards international brands online and tend to purchase it as they get an advantage of price and special limited editions. In Hong Kong stores, a large number of fast retailing brands have developed their online stores for customer’s convenience. However, some brands are still running on a low efficiency. In addition, fast retailing brands are quickly expanding and improving its services to gain more popularity like order and delivery system.

Without being affected by the downfall in the number of tourist visits in Hong Kong, fast retailing brands are expanding and growing because of innovative designs and better price. Multiple foreign fast retailing brands are expanding and are becoming competition for other brands in Hong Kong. It has led to improvement in quality and services to encourage more consumer purchases.

 

For further details of the report visit:

https://www.kenresearch.com/consumer-products-and-retail/textile-apparel-and-footwear/designer-apparel-footwear-ready-wear-hong-kong-china/116475-95.html

 

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