Thank you and that is only the start of this untapped market with Worldwide potential...
According to the estimates from the Euromonitor International, the global apparel and footwear market grew by 5% in value terms in 2013 and will further increase by an incremental US$58 billion to 2018.
Several highlighted findings:
• China will account for 50% of absolute growth over 2013-2018. It will overtake the US to become the world’s largest apparel and footwear market in 2017.
• The Middle East and Africa have also become a new frontier for growth. The region’s apparel and footwear sales are set to rise by US$17.9 billion over 2013-2018.
• The United States is forecast to be the second largest contributor to global value growth of apparel & footwear sales after China.
• While still a quarter the size of the apparel market, value growth of footwear outpaced that of apparel in 2013, registering a 6.1% yearly gain compared to apparel’s 4.8%.
A recent market research report estimates the footwear market will reach a valuation of US$211.5 billion by the end of 2018.
HeelCoin is perfectly positioned to take advantage of opportunities in this global industry.