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    Potential Clothing Market Potential: Women > Children > Old People > Dogs. Men Have No Place.

    2020/1/17 11:38:00 0

    SegmentationClothing Market

    In terms of group consumption power, it is ranked in the bookshop. Girls > children > young women > old men > dogs > men 。 There may be some ridicule. But we can also see the potential stocks in the subdivision of the clothing market.




    Zero One

    Women's clothing personalization highlights high-end women's clothing is the trend.



    Chinese brand women's clothing market, like China's economy, started late but developed very rapidly. Over the years, experienced casual wear - high-end women's wear - maidouxiao Shu - fast fashion - network clothing brand emerged and developed.


    The development history of women's clothing brand in China

    Source: foresight Industry Research Institute


    The development of domestic women's clothing is regional and the regional characteristics are quite obvious.


    Shenzhen has become the capital of women's clothing in China. The development of women's clothing in Shenzhen is mainly based on original design and branding, focusing on the balance of market sales and scale, aiming at the high-end market, such as movie, white-collar, Katoo, ice, and ice.

    A gold card for women's wear in Hangzhou The development of women's clothing in Hangzhou is driven by electricity providers. It pays more attention to the market scale, and even the net red economy, such as Eve Li, Jiangnan cloth, women's diary, ancient wood and so on.

    The development of women's clothing in Shanghai is the personalized and stylized product characteristics of independent designers. There are many international luxury goods, and the fashion week in Shanghai has distinctive features.

    Beijing women's wear is rising rapidly. The brands such as Kelan, Mark, Zhang, Seth, and Belgium have grown rapidly and become a new force that can not be underestimated in women's wear brands.



    According to Frost & Sullivan, a business consultancy, the overall size of the Chinese women's wear market has exceeded 800 billion yuan, and the size of the Chinese women's clothing market is expected to maintain steady growth in the future. In 2021, the market size can exceed RMB 1 trillion and 700 billion yuan.

     

    This is due to the general improvement of women's education level, the improvement of the proportion of female employment and the continuous improvement of social status. Its economic independence, the right to speak and the right to decide in the family are constantly improving, and the consumption demand is also constantly improving, thus becoming a new opportunity for the revival of women's clothing industry.
     


    Women becoming mainstream Color matching and style design have become the key factors affecting women's clothing sales. In addition, personalized services will be gradually deepened. Apart from tailoring and tailoring, there will also be special personalized services such as special design to meet the needs of people at different consumption levels.

    Brand effect is more obvious, brand concentration is improved. In general, women's clothing companies will adopt two ways to achieve multi brand layout, namely: 1) take the positive fashion as the gage, rely on self-cultivation, develop a series of sub brands with the same style but different positioning; 2) take the singer as the representative, and integrate other brands by their own operation ability to form multi brand matrix.

    Tend to be casual, diversified, personalized and fashionable. From the perspective of market consumption, clothing with natural raw materials such as cashmere, pure cotton, real silk and hemp will continue to be favored by women. The style of women's clothing has also changed from simple, generous and substantial to the pursuit of nature, comfort, romance and personality.



    02

    Second child assistance & Upgrading of consumption, giving birth to children's clothing fever


    With the "80" and "90s" entering the peak period of marriage and childbirth, the upsurge of the newborn has further promoted the rapid growth of children's wear industry scale. Compared with the overall development stage and trend of the apparel industry and the adult apparel industry, the children's wear industry has the growth rate and potential over the adult consumer market, and it promotes the children's clothing consumption to become brand and quality with high added value.



    Chinese children's clothing has three major industrial clusters. The three towns in Zhili, Huzhou, Quanzhou, Shishi, Guangdong and Foshan are very famous in Zhejiang, and almost all the children's clothing production in China is covered by.



    It is estimated that the size of children's clothing market will reach 282 billion yuan by 2023, with an average annual compound growth rate of 10%.


    Children's clothing has become a new growth field in the development of the clothing industry. The consumption demand has shifted from the practical consumption that used to meet the basic life to the upbeat consumption in pursuit of health, beauty and fashion.


    In particular, 80/90's younger generation's parents have higher brand concern and lower price sensitivity, which makes children's clothing consumption tend to be branding, quality and higher value-added products.



    Medium and high end brands have big market space. The emergence of peak production and the increase of children's base provide a good opportunity for the development of middle and high-end children's clothing industry. It is expected that the high-end children's clothing will present a rapid development in ten years.

    The change of consumption demand to brand In terms of children's clothing consumption, people's demands are higher and higher. They tend to go to the front line brand and other high-end quality, because its safety quality and good service make consumers more reliable. As information becomes more and more transparent and consumer awareness becomes more and more mature, their choice will further promote the development of high-end children's clothing market.

    Adult clothing brand Enterprise involvement foot For example, Zara, HM, Gap, Muji and so on, whether they are leading enterprises in casual wear or sports brand leading enterprises, have been involved in children's wear market, are trying to occupy a place in the children's wear market, which means that children's clothing market will inevitably bring about a new competition, competition will be fierce.

    Online and offline convergence is a major trend The growth of online mother and baby market has been maintained for three years. The growth rate is mainly attributable to the number of consumers, of which 95 of the number of maternal and infant consumption has increased significantly.



    03

    In the era of "silver hair economy", how can we seize the market for the elderly?



    The traditional custom of "wearing new clothes and passing the new year" makes the clothing market most prosperous before the Spring Festival every year. However, in the face of all over the world clothing stores, the elderly have little choice.


    Some children want to buy some new clothes for their elderly parents, but they do not know where to buy them. Most elderly people hope that businesses can consider the needs of the elderly and set up shop for the elderly. 

     

    With China's aging society, the "silver hair economy" has gradually risen. The middle aged and the elderly have not only become the mainstream of mobile consumption, but also have more and more consumption preferences.


    This also inspires businessmen to re examine the middle and old age groups, provide them with better quality products and services, and meet the needs of high quality and diversified consumption.


    The size of silver industry is expected to grow rapidly. In 2018, the industry of China's silver related industries exceeded 3 trillion and 700 billion yuan, and it is expected that the market for elderly products and services will grow rapidly in the future. In 2021, the total market size reached 5 trillion and 700 billion yuan.




    Chen Mingmei, the founder of the women's middle aged and old women's clothing brand "Sam Ni", has been engaged in the clothing industry for many years. After discovering the blanks in the middle-aged and old women's clothing market, she founded the brand and walked into the new century, the hundred stores and so on, and the annual sales volume has reached nearly 20 million.


    In order to provide more precise services, hundreds of thousands of members still insist on regular visits, anniversary celebrations and new try on activities, so as to achieve a repeated purchase rate of more than 95%.


    In traditional thinking, clothing as standard and industrial products, overcapacity, fierce competition, price war is difficult to avoid, but deep into the 50+ new middle-aged and elderly people in the following three unique scenarios needs, but will find new opportunities.



    Nowhere to buy it The number of elderly counters in the supermarket exceeds the number of old counters, and the styles are old and slow. The elderly have to choose to customize or save clothing expenses. At this stage, The rise of electric business A new channel is given.

    Buy wrong Here, it contains both hard copy index and fabric comfort index, which are not completely in line with the needs of the elderly, but also include soft indicators such as less style, old design and single style. This stage needs to be improved from the production process, if necessary, please. Specialized middle-aged and elderly models for fitting. ;

    No ride With the increasingly rich life of the elderly, in order to cope with the demands of various scenes on their own image, the elderly should not only buy the right ones, but also wear the right ones. In what scenario, how to dress more appropriately? And become their new needs.

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