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• Philippines Apparel and Footwear Market is expected to reach USD 4.5 billion by 2019 • Foreign companies such as Nike, Adidas, H&M, Forever 21 along with popular local brands such as Penshoppe and Bench are expected to fuel the rise of customer demand Ken Research announced its latest publication on “Philippines Apparel and Footwear Outlook to 2019 – Increase in Influx of Foreign Brands” which provides comprehensive analysis of apparel and footwear products in the Philippines. The report covers various aspects such as market size, segment on the basis of organized and unorganized sector, product categories, domestically manufactured and imported products, location of raw materials and consumer profiling. The report will help industry consultants, apparel and footwear manufacturers, retailers, department stores, shopping arcades and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future. The apparel and footwear market in the Philippines has witnessed steady growth in the recent five years on account of rising demand of trending products. The surge in growth has majorly originated due to the increase in personal disposable income and decrease in price of products. The establishment of local manufacturing units by foreign brands has supported the growth in the market and will likely lead to an increase in exports in the coming five years. The market has been dominated by apparel products which have accounted for ~% share in the total revenues in 2014. The revenues generated in the overall apparel and footwear market have grown at a CAGR of 7.3% from 2009-2014 to reach USD ~ million in the year 2014. The competition in the market has intensified in the review period and is expected to amplify in the future years with the inception of more brands in the domestic market. As a result the competition amongst retailers will likely increase simultaneously. According to the research report, the Philippines apparel and footwear market will grow at a considerable CAGR of 9.1% from 2015-2019 thus bolstering revenues to USD 4.5 billion by the year 2019. “While rise in disposable income, demand for international products and rise in e-commerce sales will result in increased spending on apparel and footwear products, stiff competition amongst manufacturers and retailers will drive down product pricing and would hence act as a major barrier for the industry”, according to the Research Analyst, Ken Research. Key Topics Covered in the Report: Apparel and Footwear Market • Apparel and Footwear Market Size by Revenue - Market Segmentation by o Apparel Products o Footwear Products o Organized and Unorganized Sectors o Market Place o Seasonal Demand o Regional Demand o Type of Business – sole proprietorship, corporation, partnership o Mechanization Facilities – fully mechanized, semi-mechanized, manual labor • Apparel Market Size by Revenue - Market Segmentation by o Gender Category o Age Group o Type of Fabric o Type of Usage • Footwear Market Size by Revenue - Market Segmentation by o Footwear Categories o Type of Material o Type of Business • Sportswear Market Size by Revenue - Market Segmentation by o Gender Category o Age Group o Organized and Unorganized Sector • Online Apparel and Footwear Market Size by Revenue - Market Segmentation by o Product Category • Trends and Development • Major Challenges • Growth Drivers • SWOT • Export and Import • Competition • Future Outlook • Macro Economic Parameters Key Products Mentioned in the Report Apparel Products - Cotton, Silk, Linen and others Footwear Products - Running/ walking footwear, regular footwear, sports footwear and others Companies Covered in the Report Local Bench Penshoppe Golden ABC SM Group Robinsons Retail Global H&M Forever 21 Giordano CottonOn Nike Adidas Puma GB Shoes Rusty Lopez Converse Uggs Vans Toms Online Players Lazada Zalora eBay Related Reports: Vietnam E-commerce Outlook to 2019 – Driven by Internet Penetration and Smartphone Usage The US Online Apparel and Footwear Market Outlook to 2019 – Driven by Increment in Internet Users and Rise in Lucrative Discount Schemes Indonesia E-commerce Market Outlook to 2019 – Driven by Innovative Payment Solutions and Opportunities in the Secondary Cities Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249
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