Clothing & Footwear Retailing in Indonesia, Market Shares, Summary and Forecasts to 2021
WiseGuyReports.com with their unique quality of simplifying the market research study, presents a deep diving study report “Clothing & Footwear Retailing in Indonesia, Market Shares, Summary & Forecasts to 2021”
Clothing & Footwear Retailing in Indonesia
Overview
Clothing & footwear is the second largest sector in the Indonesian retail industry and accounted for 12% of sales in 2016. The sector registered Rp465.3 trillion in sales in 2016; clothing was the largest category, generating 85.2% of total sector sales. The growth is largely attributed to the growing middle class and increasing household consumption.
Furthermore, festive seasons such as Ramadan and Eid-ul-Fitr push sales in the sector periodically. Sales are forecast to grow at a CAGR of 13.6% during 2016-2021, reaching Rp880.2 trillion by 2021. A stable economy, improved purchasing power, and muted inflation are expected to push growth during 2016-2021.
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Top Companies mentioned
Matahari Department Store
Central
Sophie Paris
Marks & Spencer
Zara
Bata
H&M
Robinson
Clothing & Footwear Retailing in Indonesia Industry Major Outlook
"Clothing & Footwear Retailing in Indonesia, Market Shares, Summary & Forecasts to 2021", provides data for historic and forecast retail sales, and also includes information on the business environment and country risk related to Chile retail environment. In addition, it analyzes the key consumer trends influencing Chile clothing and footwear industry.
Clothing & Footwear Retailing in Indonesia - Competitive Analysis
Key players are making innovative developments in Clothing & Footwear Retailing in Indonesia industry. The same will help in improving the market performance. Heavy investments are made by major players in the R&D sector
Scope
- The clothing & footwear market is set to see fastest growth over the five years to 2021 with a CAGR of 13.6%
- Growing per capita spending will drive sales during 2016-2021
- Online retail registers the fastest growth
- Mass market brands are driving sales with low price strategies
- Womenswear dominates sector sales and accounts for 52.2% of the market in 2016
- Menswear to register the highest CAGR across all categories until 2021
- The large under 15 population will drive the market in the long term
.Continued
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Posted by
Vivian Dsena
on Tuesday March 27 2018, 2:30 AM EST.
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