Due to the growing demand for trendy, fancy yet comfortable footwear among all age groups is one of a key factor driving the global footwear industry. On the regional analysis of the market, Asian countries such as India and China are prime exporters of leather footwear across emerging countries such as UK and US footwear market. Over the past decade, the global footwear market growth is widely expanded and is estimated to showcase consistent results at the same pace in the years to come. The expectation of the global market is apparently based on revenue generated by the sale of footwear.
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The global footwear market 2017 was valued at USD xx million and estimated to project the value of USD xx million in 2025, registering a CAGR of x.x% during the forecast period.
Leather footwear are premium products gaining a traction of significant market share in the global market for footwear. Moreover, rising health concerns are dominating individuals to perform outdoor and indoor physical activities. This existing trend has boosted a high demand for athletic/sports shoes.
The global footwear market trends is segmented into several classification including type, mode of sale, end user, material, and geography. Based on the type the footwear market is categorized in athletic, and non-athletic. Furthermore, on the basis of mode of sale the global footwear market is classified into retail sales, and online sales. Whereas, based on the end user the footwear market is divided into men and women. On the basis of material the global footwear market is fragmented into leather and non-leather. Based on the region, the market is widely range to North America, Europe, Asia Pacific, and LAMEA.
However, key players of the global footwear market are dedicatedly focusing on expansion of their sales plans through several web portals across various regions. Online platforms are gaining an effective traction among teenagers and youths, thereby occupying a significant share among all distribution channels. Presently, manufacturers are case studying on developing and innovating new products to maintain the market presence.
Looping on to the geographical view, Asia Pacific efficiently generated the highest revenue results in the global footwear industry. China is known to hold one of the largest manufacturer, consumer, and exporter of footwear in the Asia Pacific region. Furthermore, Asian countries such as India, and China are the prime producers of footwear across the globe. These countries hugely export their footwear products to United Kingdom and United States. China has secured superior position in the global footwear industry. Non-athletic footwear has evidenced increased demand among individuals owing to changing lifestyles in this position. Domestic footwear manufacturers dominate the Chinese footwear market share.
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Distributors of footwear sandals, and boots, supply shoes, different such as brand outlets, online stores, retail stores, discount stores, and manufacturers are winning every possible online web portals. With the retail platforms, manufacturers understand the overall market demand and have enclosed their own outlets across various potential markets. Online store is the most effective channel of distribution and is a convenient medium for customers to purchase footwear items.
Leading players of the global footwear market include Adidas AG, SKECHERS USA, Crocs Retail, ECCO Sko A/S, Wolverine World Wide, Inc., Timberland, Inc., PUMA, Under Armour, GEOX S.p.A, Inc., and Nike Inc., INC.
Key Segmentation of the Global Footwear Market 2018-2025
MARKET BY TYPE
Athletic
Non Athletic
MARKET BY MODE OF SALE
Retail Sales
Online Sale
MARKET BY END USER
Men
Women
Children
MARKET BY MATERIAL
Leather
Non leather
MARKET BY GEOGRAPHY
North America
Europe
Asia-Pacific
LAMEA
What to expect from the upcoming report on ‘Global Footwear Market:
- Future prospects and current trends of the global footwear market by the end of forecast period (2018-2025)
- Information regarding technological progressions as well as innovations taking place in developing economies
- Supportive initiatives by government likely to influence the market dynamics
- Trends, drivers, opportunities, restraints, challenges and key developments in the market
- In-depth analysis of different market segmentations including regional segmentations, and product types
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