Market Analysis of Zipper Industry: Accelerating Optimization of Industry Competition Pattern

Release time:

2023-05-24

Market Analysis of Zipper Industry: Accelerating Optimization of Industry Competition Pattern

Clothing accessories, including zippers, buttons, hang tags, lining fabrics, etc., are an important component of textile and clothing, luggage, etc. They have the characteristics of rich categories, low unit price, small size, and strong fashion. Their development is related to the demand of the textile and clothing industry, as well as macroeconomic prosperity.
For the clothing accessories industry, with the country's overall strategy for the transformation and upgrading of the clothing industry, the future will inevitably develop towards green and environmentally friendly production, diversified and personalized products, digital and intelligent production. Building a green, intelligent, and diversified production system will become the key to the development of the clothing accessories industry in the future.
According to the "2019-2025 Zipper Market Investment Outlook Analysis and Supply and Demand Pattern Research Forecast Report" released by Zhongyan Puhua Industry Research Institute, it is shown that:
Zippers, also known as zippers, are mainly composed of three parts: webbing, zipper teeth, and zipper heads. They are one of the ten great inventions that facilitate people's lives in modern times. With the development of human society, economy, and science and technology, zippers have evolved from single variety and single function to multi variety and multi specification comprehensive function, from simple structure to today's exquisite and beautiful appearance, with colorful colors. Their performance, structure, and materials are constantly changing, and they have a wide range of applications, penetrating into various fields such as aerospace, aviation, military, medical, and civilian.
At present, there are about 3000 zipper production enterprises in China, but most of them are small and medium-sized enterprises with few large-scale enterprises and low market concentration. In the domestic mid to high end zipper market, the main market share is still occupied by Japanese YKK company and Swiss RIRI group. Among them, Japanese YKK company's sales in China are about 4-6 billion yuan, accounting for 20% to 30% of the market share.
Market size of zipper industry
At present, the global clothing industry has a scale of 1.5 trillion US dollars, and with a luggage market of 160 billion US dollars, the corresponding global zipper industry scale is about 100 billion yuan. The domestic clothing industry has a scale of about 3 trillion yuan (domestic sales of 2 trillion yuan and exports of 1 trillion yuan), and the luggage market has a scale of 260 billion yuan. Overall, it has driven the zipper industry to a scale of 35 billion yuan. In addition, China's direct exports of zippers are 7 billion yuan every year. Therefore, it is estimated that the scale of China's zipper industry is about 42 billion yuan, accounting for more than 40% of the global zipper industry.
Accelerated optimization of industry competition pattern
The zipper market in our country has a clear stratification of high, medium, and low-end, with high competition barriers in the middle and high-end markets. At present, there are 2000 local zipper enterprises in China's zipper industry, mainly concentrated in the mid to low end market, with international brands occupying the high-end market. Among them, luxury brands have high requirements for accessory materials, workmanship, design, etc. Once selected, they will not frequently change suppliers, so they have high entry barriers.
In the long run, as of 2020, the per capita clothing consumption in China was only $216, which is still significantly higher than the United States ($902) and Japan ($596) in terms of price control. With the continuous promotion of high-end products, the market share of top brands with better product quality and stronger R&D and design capabilities will continue to increase.
Import and export data statistics of the zipper industry
According to Chinese customs data, the export volume of China's zipper industry (excluding zipper parts) in 2022 was 6.98 billion meters, a year-on-year increase of 4.1%, and the export amount (excluding zipper parts) was 1.3 billion US dollars, a year-on-year increase of 15.6%.
Development prospects of the zipper industry
At present, zippers are widely used in many fields of the national economy, including clothing, textiles, luggage, sports goods, tourism products, medical and other aspects. Zippers mainly include three categories: nylon zippers, plastic steel zippers, and metal zippers. Among them, metal zippers belong to high-end products, and precision metal zippers are the development direction of metal zippers.
The world zipper industry is mainly distributed in Asia, Europe, and the Americas. Based on the current development of the zipper industry, zippers produced in Asia account for more than 80% of the global market share, with a complete variety and strong innovation ability.
For a long time, due to the insufficient attention paid to the development and research of zipper production related technologies in China, there has been a general lack of in-depth research and development of integrated technologies in the entire zipper industry, which has constrained the development of related technologies in China's zipper industry and led to a significant gap with international leading zipper production enterprises. Therefore, in order for domestic zipper production enterprises to catch up with YKK Company in overall technology, they must increase their independent research and development investment in zipper intelligent automation equipment related technologies.
In the next 30 years, the Chinese zipper industry should occupy a dominant position in the international zipper industry chain, have strong control and discourse power over the international zipper market, have strong profitability in the international market, have a brand group with international influence, and have a zipper sales team covering the whole world; Having internationally leading technological research and development capabilities, contributing to the development of world zipper standards, and continuously innovating new zipper products and technologies. Through hard work, we have become an industry with significantly improved economic strength, improved quality stability, leading innovative technologies, prominent product brands, expanded domestic and international markets, and enhanced competitiveness in the world zipper industry. Our sales and profitability rank first in the world zipper industry.