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Chinese Lingerie And Intimate Wear Industry Market Overview

Lingerie industry is in a state of intense competition. Fashionable and price friendly lingerie’s are sold by the manufacturers while global brands are looking for new markets. International specialty brands are at their wings; seeking entry into emerging markets for future growth. Current global market for lingerie’s rose by 2.6% to $29.92 billion USD from 2004 to 2007, while clothing prices dropped down by 4%. China, as an emerging market has seen a growth rate of 8.1% during the same time. Fast fashion retailers are now offering fashionable intimate apparels at lower prices and are undertaking hardcore marketing efforts to sustain their brand image in China. On the other hand, China itself is a major exporter of apparels to the global market at competitive prices.

Chinese Lingerie Market:

Chinese lingerie market is a dynamic sector. Their market structure is composed of many national and international brands, and intimate apparels are brought in by many countries; names unknown to the consumer.
The country’s lingerie market is a fast moving one, and there is a drastic change during the recent past. The lingerie market is estimated to be of a total value of 2 billion euros, and industry experts predict a further positive increase of 20% every year. The country is the third largest for luxury consumption, and is assumed by the market leaders to catch up with the position of Japan in the next 10 years. China is a key player in fabric industry, having good potential for creation and consumption. Major lingerie players in China have reassessed their market positions, and are now closing the knowledge gap to become ‘low cost’ producers.

Integral Apparel in the Wardrobe of Chinese Women:

As Chinese lingerie manufacturers eye the global market, rest of the world eyes China. Shanghai is in the forefront of the lingerie boom. Lingerie is progressively becoming one desirable item in the wardrobe of Chinese women. A survey states that an average Chinese woman spends 8% of their fashion budget on lingerie annually. Though 8% appears to be meager, China is populated with 503 million women and the huge numbers are promising. From lavishness, luxury lingerie’s have now become a wardrobe necessity. A lingerie industry survey states that Chinese population consists of more than 200 million women in the age limit of using lingerie, the annual consumption would go beyond 600 million pieces, reaching a sales figure of 15 million RMB.

Exports-The Lacy Lingerie Race:

Encompassing promising prospects in the global market, lingerie industries in China are actively seeking opportunities to expand its domestic market overseas. On an average, the country exports around 4 billion pieces of lingerie; annually. They export intimate wears mainly to France, US, Japan, and Europe. Export of Chinese bras rose as high as 10.5 million; i.e., 93% after the EU ended a 40 year quota system. China enjoys a good market in US as a lingerie exporter. Its performance is on a high base capturing 25% of exports to US. Despite the restrictions on US exports to China, the communist giant is expected to become the third largest exporter to US. China, enfolded with continuous enhancement in technology, makes it a cost effective destination for other countries to have their production base offshore. China along with India is projected to increase its global market share by $100 million USD each in the next few years.

Leading Intimate Wear Hubs:

The city of Shenzhen is considered as the ‘fashion capital’ of China. It is a pedestal of domestic and foreign intimate wears, designing, R&D, and manufacturing of lingerie’s. The economic benefits acquired and the market size favor Shenzhen and draws continuous attention of the investors. Many popular brands sold in the global market are being exported from the Pearl River Delta, especially Shenzhen. The ‘Sun Hing Group’ who manufacture 70% of its lingerie accessories in Asia, the ‘YKK’, a fortune 500 company, and ‘Regina Miracle’ all have their manufacturing base in Shenzhen. The city has a perfectly formed industry chain starting from design to production, marketing, and sales both at the domestic and export level. A renowned lingerie brand has launched its outlet in Shenzhen especially because of its cluster effect which will enhance brand promotion and boost sales. Two of the popular Chinese lingerie brands come from Shenzhen, and almost 10 internationally reputed lingerie brands have their production base here. Topform, Calvin Klein, Triumph, Regina Miracle, and Victoria’s Secret are a few to name. Embry Form, Xusany, Venies, Ordifen etc are a few domestic brands, having their manufacturing facilities in Shenzhen and enjoy a nation wide reputation.

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Fuso Canter Eco Hybrid Still On Top Of The Commercial Grade Vehicles

When it comes to being number one, the Fuso Canter Eco Hybrid has clinched that spot for the second consecutive year. Offering their customers the best in design, comfort, and function, this hybrid is well deserved of this prestigious award.

Earning the “Irish Green Commercial of the Year” recognition from a judging panel of over 700 industry experts is no small deal. However, the Fuso Canter made it look like child’s play with the votes of all of the judges across the board. These judges consisted of professionals in the automotive industry such as engineers, driving instructors, and automotive journalists. The judging for this award comprised of categories similar to the award for “International Truck of the Year.” These environmentally friendly trucks are judged on 12 different sets of criteria with seven points maximum to be awarded in each category. The areas that were focused on for this outstanding achievement are power/weight ratio, fuel efficiency, handling, cab equipment, driving and ride comfort, and appointments.

This powerful, yet efficient fleet of vehicles is the leaders in their field of light-weight trucks when it comes to hybrid technology. Erik Rnnefarth, Manager Marketing and Product Fuso Europe, at the “Fleet Transport Energy Futures Forum 2014”, commented, “Fuso, one of the largest manufacturers of commercial vehicles in Asia, is the global leader in hybrid technology for the truck segment and has more than 20 years of experience in this field. He also pointed out that the Fuso Canter Eco Hybrids are currently in service with various trucking and transport companies all over the world. There are over 2000 of these vehicles being used by companies to cut down on fuel costs and helping to preserve the environment at the same time. With this many award winning eco-friendly vehicles on the road, the benefits are universal. As a matter of fact, these engineering wonders have already earned many awards in Europe and Japan for their performance.

With up to 23% less fuel usage than compared diesel truck models, these vehicles are able to pay for themselves within three to four years in fuel economy alone. Housing a four-cylinder turbo diesel engine, this vehicle is no slouch. It has the capability of transporting the same heavy loads that the diesel guzzling counterparts deliver. This light-weight truck has an output of 150 horsepower combined with a 40 KW electric motor. More than enough to power these vehicles while maintaining a load capacity of 4.8 ton. With all of this tonnage availability, the Canter is on top of the list even when compared with 7.5 ton trucks.

Although these trucks are deemed the cream of the crop in eco-friendly and efficient commercial vehicles, that has not stopped the Fuso from continually developing new and better technology. They have improved on the E-Cell with a new emission-free and battery-powered Canter. This example of the first small production of these all-electric commercial trucks was unveiled by Fuso at the IAA Commercial Vehicles show. These completely electric light-weight trucks are silent and emission-free.

The Fuso did not stop at the engineering and power aspects of improving their Canter models. Further enhancements have been done on specific safety features and they have expanded their line of models to include different models. These additions add to the value of the overall appeal of these highly sought after eco-friendly transport vehicles. With the addition of extra comfort and functionality of the driving aspects of these trucks, the Canter is quickly becoming the sought after light-trucks for manufacturers and businesses all over the world.

When it comes to everything that an eco-friendly light transport vehicle has to offer owners, the Fuso Canter Eco Hybrid is covering all of the criteria. Winning the “Irish Green Commercial of the Year” award for the second year in a row is proof that this fleet of light-duty commercial trucks is the future of the light transportation industry.

What You Should Know About Theft of Construction Equipment

People often think that it’s basically impossible for construction equipment to be stolen, since it would be pretty noticeable if someone started driving a crane down the street. But, many construction equipment thefts are easy to conduct for quite a few different reasons. It’s actually really easy to get away with, and has become commonplace in countries such as the US, Canada, Japan and Europe. People should, therefore, be made aware of such thefts going on in their areas.

Because construction equipment doesn’t come with doors or locks, they are easy for burglars to break into. Thieves feel that hi-jacking construction vehicles is a piece of cake compared to most other types of vehicles. And people won’t be able to tell if the equipment being driven is being operated by a thief or construction worker. Most people wouldn’t recognize a piece of construction equipment if it was camouflaged somehow.

Thieves find it beneficial to steal this kind of equipment because it can command a high price on the black market. Forklifts alone can fetch a price of $12,000 to $50,000, and thieves could sell a generator for $150,00 a pop. Because constructions sites often have lots of these kinds of equipment, it’s easy money for clever thieves. Criminals are very fond of stealing construction vehicles for these reasons, not to mention the fact that most construction sites are unsecured and the vehicles are left out in the open with no protection.

The problem has become too severe to be ignored any longer. According to statisticians in Japan, roughly 450 pieces of construction equipment was stolen in 2008 alone. While in the united states, the National Insurance Crime Bureau found that nearly a billion dollars in construction equipment is stolen and sold each year on the black market.

To date, numerous government agencies and manufacturers of construction equipment have tried their best to prevent this theft from continuing. In the UK, construction equipment registration systems make it easier for the police and the companies who own the equipment to recover their stolen goods.

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