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The clothing & footwear sector is forecast to grow at a CAGR of 7.6% between 2017 and 2022, from Ft677.2 billion in 2017 to Ft977.7 billion by the end of 2022.
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What else does this report offer?
- In-depth analysis of the latest trends in consumer shopping, covering the factors driving shopping, consumer insights, market dynamics
- The report also details major retailers in clothing and footwear category group with their product proposition analysis and market positioning in 2017 along with recent key developments
- Market insights based on consumer trends, changing economic and demographic factors, technology innovations, and other macroeconomic factors
- Retail sales and the fastest-growing product categories in clothing and footwear sector
- Qualitative and quantitative insights of changing retail dynamics in clothing and footwear sector.
- Hungary retail market is forecasted to grow at a CAGR of 4.7% during 2017-2022
- Increasing employment and rise in wages to aid the sector growth
- Clothing will continue to be the major category in the sector
- Womenswear surpasses other categories in the sector in terms of sales and growth
- Growing inclination towards fashion footwear to drive sales
- Specialist retailers cede ground to online retail and value retail
- Online sales to more than double in the forecast period
- H&M and Deichmann led the clothing & footwear market in 2017.
Reasons to buy
- Gain a comprehensive knowledge on clothing and footwear sector in the Hungary retail market and develop a competitive advantage from the start of your supply chain
- Investigate current and forecast behavior trends in clothing and footwear category to identify the best opportunities to exploit
- Understand the fastest growing categories including menswear, womenswear, childrenswear, men’s footwear, women’s footwear and children’s footwear in the market
- Analysis of key international and domestic players operating in the clothing and footwear market
- Analyze the recommended actions to align your marketing strategies with the crucial trends influencing consumer behavior
- Explore novel opportunities that will allow you to align your product offerings and strategies to meet demand by analyzing the vital economic and population trends, key consumer and technology trends influencing the clothing and footwear market.
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