Global Footwear Market, By Product Type (Athletic, Non-Athletic Footwear), Material (Plastic, Synthetic Rubber, Leather, Plant Based, Others), Distribution Channel (Hypermarkets, Online Channels, Specialty Stores, Others), End-User (Men, Women, Kids), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Footwear market is expected to be growing at a growth rate of 12.83% in the forecast period of 2021 to 2028. Footwear market report analyses the growth, which is currently being growing due to the rising awareness among consumers in sport activities, both men and women.
The footwear market is a multi-billion U.S. dollar commercial enterprise. A part of the clothing and apparel enterprise, the footwear market is constituted of shoes, sneakers, luxury footwear, athletic footwear, and sporting shoes, as well as other related goods. These footwear products are made up of different materials for example leather, plastic, rubber, and fabric. Amidst all of these, leather is one of the most frequently used materials are for fabricating footwear. Major players, for example, Nike, use eco-friendly raw materials, coupled with recycled car tires, recycled carpet padding, organic cotton, and vegetable-dyed leathers for producing footwear.
Due to the high demand for convenient and comfortable footwear and companies focusing on a few essential specifications, for example creative designs, product advancements, and advanced technical manipulations, to drive the footwear market. Also due to the rise in sports activities, weight on performance, and developments in technology which in turn has made the footwear gain immense popularity in sportswear, because of the growing demand for fashionable, comfortable, and convenient footwear, growing numbers of the working people around the world, which are some of the key factors anticipated to drive the footwear market during the forecast period. The growing impetration of athletic footwear due to the concerned matter towards personal health and preference towards various physical activities amidst the population is one of the major factors propelling the growth of the footwear market. Moreover, not genuine product is a major concern and a threat in the brand-oriented footwear enterprise is one of the factors estimated to hinder the growth of the footwear market.
Moreover, major vendors involving in this industry are choosing to sell through online platforms because to the development of various eCommerce companies in order to secure a more wider customer base, as it aids them to advertise their products with large discounts and offers to indulge consumers. The growing demand for sports shoes amongst the population originating from the increasing involvement of the people in different sporting activities such as squash, basketball, football, volleyball and aerobics among others. In addition to this, the awareness towards the physical benefits of engaging in daily exercises is propelling the growth of the athletic footwear market. Major global athletic events held periodically for example Olympics, Commonwealth Games, Asian Games, Cricket World Cup, Super Bowl and FIFA World Cup also help proliferate the growth from both their numerous fans and the footwear market.
Increasing fluctuations in the prices of raw materials is expected to act as a restraint to the market growth.
This footwear market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on footwear market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Footwear Market Scope and Market Size
Footwear market is segmented on the basis of product type, material, end-user and distribution channel. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on product type, the footwear market is segmented into athletic, non-athletic footwear.
- Based on material, the footwear market is segmented into plastic, synthetic rubber, leather, plant based, Others.
- Based on distribution channel, the footwear market is segmented into hypermarkets, online channels, specialty stores, others.
- Based on end-user, the footwear market is segmented into men, women, kids.
Footwear Market Country Level Analysis
Footwear market is analysed and market size, volume information is provided by country, product type, material, end-user and distribution channel as referenced above.
The countries covered in the footwear market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the footwear market because of the presence of a huge consumer usage base in the developing countries for example China, India, and Indonesia and growing demand for usage of athletic and non-athletic footwear in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Footwear Market Share Analysis
Footwear market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to footwear market.
The major players covered in the footwear market report are PUMA SE; SKECHERS; Nike, Inc; JACK WOLFSKIN; Woodland Worldwide; The Aldo Group Inc.; Under Armour®, Inc.; Bata Corporation; Skechers; PUMA; adidas AG; New Balance; ASICS Asia Pte. Ltd.; Columbia Sportswear Company; ECCO Sko A/S; Geox S.p.a; Hermès; KERING; TBL Licensing LLC; Tapestry, Inc.; LVMH Moët Hennessy. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Footwear Market
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