LVMH, C&J CLARK INTERNATIONAL LIMITED and NIKE,INC are dominating the Global Driving Footwear Market in 2019

Global driving footwear market is expected to grow at a steady CAGR of 3.90% in the forecast period of 2019 to 2026. The years considered for study are as mentioned below.

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Driving footwear can be defined as a type of shoes which are being constructed using rubber at the back of them. Generally these are a type of moccasin which has the rubber grip on the sole which enables more traction as well as more flexibility. These shoes are generally designed to keep the movement smooth and easy within the pedals of the car. These footwears are also generally referred as drivers or driving loafers. These foot wear are generally slip on in structure i.e. they do not have laces and are easy to wear.

The market has witnessed developments in terms of merger and acquisitions or product launches to enhance the product portfolio to meet the rising demand of innovative technology. For an instance, In May 2019, the company has decided to launch Nike Shox R4 Neymar JR which is inspired from star footballer Neymar Jr. Nike Shox R4 shoes were being called the shoe of the future in year 2000. The desire for Nike Shox R4 by Neymar Jr has made this product development.

LVMH (France) dominated the global driving footwear market. The other key players existing in the market includes PUMA SE, adidas AG, Alpinestars S.p.A, Dainese S.p.A, FOX, SCOTT Sports SA., GIANNI FALCO S.R.L., SPARCO S.P.A., Piloti Inc., Guccio Gucci S.p.A., Tommy Hilfiger, Nike, Inc., ZARA, RUOSH, C&J Clark International, Hush Puppies, Steve Madden, LVMH among others.

LVMH

The company was founded in the year 1987 and headquartered in Paris, France. The company engaged in manufacturing and distributing the products related to fashion & leather goods, selective retailing and other activities, perfumes & cosmetics, wines & spirits, watches & jewellery. The company deals in Fashion & Leather Goods, Selective Retailing and Other activities, Perfumes & Cosmetics, Wines & Spirits, Watches & Jewelry business segments whereas Fashion & Leather Goods is there market focused segment. Wines & Spirits , Fashion & Leather Goods , Perfumes & Cosmetics, Watches & Jewellery , Selective retailing , Other activities are within the product portfolio of the company and Manufacturing and Fashion & Leather Goods is there market focused category.

  • In May 2019, to support Man and Biosphere (MAB) biodiversity program, LVMH and UNESCO came into a 5 year partnership. Within this partnership LVMH will be presented alongside UNESCO for the coming two years at all the major events. The company will also depend on UNESCO scientific expertise to strengthen their sustainable sourcing programs. This would help the company to safeguard biodiversity at a global level.

It has their global presence in Europe, North America, Asia-Pacific.

 C&J Clark International

The company was founded in the year 1825 and headquartered in Somerset, U.K. The company has major focus towards designing and manufacturing of shoes through a combination of invention and craftsmanship. (MEN) shoes, sandals, (WOMEN) shoes, sandal, (GIRLS) shoes, boots, (BOYS) shoes, boots are within the product portfolio of the company and Shoes is there market focused category.

It has their global presence in North America, Europe, UAE, Asia-Pacific.

Nike, Inc.

The company was founded in the year 1967 and headquartered in Oregon, US. The company engaged in research, design and development of footwear, apparel and athletic equipment. The company deals in footwear, apparel, equipment and other segments whereas footwear is there market focused segment. Shoes, clothing is within the product portfolio of the company and shoes are there market focused category.

  • In May 2019, the company has decided to launch Nike Shox R4 Neymar JR which is inspired from star footballer Neymar Jr. Nike Shox R4 shoes were being called the shoe of the future in year 2000. The desire for Nike Shox R4 by Neymar Jr has made this product development.

The company has subsidiaries such as Accelerator Studio LLC (US), All Star C.V. (Netherlands), American Converse S.L.U. (Spain), A.S. Roma Merchandising S.R.L. (Italy), Converse Canada Corp. (Canada) and many more and it has their global presence in North America, Europe, Middle East & Africa, and Asia-Pacific & Latin America.