Footwear Market Size Research Report
The GMI Research expects the footwear market to expand at a
significant rate. From a regional perspective, the Asia-Pacific is expected to
lead the market due to the strong demand for comfortable and long-lasting
footwear. The increasing urbanization and growing disposable income in emerging
economies, such as India and China, will drive the market growth.
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Footwear Market Dynamics (including market size,
share, trends, forecast, growth, forecast, and industry analysis)
Key
Drivers
The strong demand for trendy footwear, growing disposable
income, high demand for comfortable and convenient footwear, and rising working
women population worldwide are the major factors surging the growth of the
global footwear
market size. As per footwear industry analysis, the increasing
acceptance of premium shoes integrating leather footwear will further fuel the
growth of the footwear market share in terms of revenue. The growing
demand for sports shoes due to the significantly changing preference towards
sports activities will boost the market growth. According to the footwear
industry competitive analysis, the growing consciousness associated with
the physical appearance among people is another factor that will positively
influence market growth. Growing an e-commerce platform to deliver broaden the
range of the product offerings will further contribute to the growth of the
market over the forecast period. On the other hand, the factor that is
hampering the growth of the market includes the high availability of
counterfeit products.
Type
Segment Drivers
Based on Type, the Athletic segment is expected to grow at a
higher CAGR over the forecast period due to the increasing popularity of the
sports activity and international game events, including Commonwealth Games,
Olympics, FIFA, etc. In addition to this, the leading players are participating
in celebrity endorsement and various other promotional campaigns that will
further support the growth of the segment.
End-User
Segment Drivers
Based on End-User, the Women segment is anticipated to
increase at a higher CAGR during the forecast period. According to the footwear
industry statistics, the growing working population and increasing stylish
trends globally. Moreover, the rising disposable income and growing spending on
luxury goods will further stimulate the growth of the End-User segment.
Footwear Market’s leading Manufacturers:
·
Nike, Inc.
·
PUMA
·
Adidas America, Inc.
·
Geox S.p.A
·
Timberland
·
Skechers USA Incorporation
·
Ecco Sko A/S
·
Crocs Retail, Inc.
·
Under Armour Inc.
·
Wolverine World Wide, Inc.
Footwear Market Segmentation:
Segmentation
by Type:
·
Athletic
·
Non-Athletic
Segmentation
by End-User:
·
Men
·
Women
·
Children
Segmentation
by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
About GMI Research
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