Footwear Market Segmentation, Revenue, Regional Portfolio, Key Player, Forecast

 Market Scope

The global footwear market is expected to reach a valuation of USD 223.2 billion by 2024. It can exhibit a CAGR of 5.7% over the forecast period.

Huge demand for footwear in the APAC region is one of the major drivers of the global market. The large population, awareness of different types of footwear, and launch of new products can bode well for the market. Marketing of footwear via traditional and digital channels have managed to reach a large consumer base. Presence of online channels has led to mass bookings due to ease of delivery and nominal retail prices. The rise in disposable income levels of consumers has also acted in favor the market.

The potential of ecommerce platforms is high in developing economies of Brazil and Colombia. The large consumer base and influence of celebrity culture can work in favor of the market. But lack of proper infrastructure and slow internet speeds can dampen the market growth.

Footwear are essential items worn by individuals to traverse in public places. Plastics, synthetic polymers, fabrics, and leather are materials used in the manufacture of footwear. The global footwear market research report by Market Research Future (MRFR) looks at numerous developments in design, materials, and consumer demand and its prospects for the period of 2019 to 2024 (forecast period). The sudden outbreak of the COVID-19 virus and its impact on the industry has been explored as well.

Competition Outlook

VF Corporation, New Balance Athletics, Inc., ECCO Sko A/S, Skechers USA, Incorporation, The Columbia Sportswear Company, Wolverine World Wide, Inc., Adidas AG, Nike Corporation, AeroGroup, Kering S.A., Deichmann SE, Asics Corporation, Geox S.p.A, Crocs Retail, Inc., and Under Armour Inc. are key players of the global footwear market.

Segmentation

The global footwear market share has been segmented by product type, category, end user, and distribution channel.

The global footwear market analysis has been classified, based on product type, into sports footwear, formal footwear, and casual footwear. Casual footwear is expected to rake in a massive share of the market owing to preference of sneakers among the public. The various designs and use of polymers has made it convenient and easy to wash and thus driving the sales in the global footwear market.

The global footwear market has been bifurcated, by category, into open footwear and closed footwear.

The global footwear market is segmented by end user into men and women.

The global footwear market has been classified, on the basis of distribution channel, as store-based and non-store based. Store-based distribution channel has been further segmented into supermarkets and hypermarkets, specialty stores, and others.

Regional Analysis

The global footwear market has been analyzed for four key regions—North America, Europe, Asia-Pacific (APAC), and Rest-of-the-World (RoW).

APAC is expected to dominate the market due to improved standards of living among the masses and increased purchasing power. Change in economic policies in China are likely to trigger the demand in footwear for children.

Europe is expected to display a stable growth rate over the forecast period. The rise of online shopping and growing social media awareness can foster growth in the global footwear industry analysis 2020. Sales of athleisure are likely to drive the demand for sports shoes and bolster the demand in the global market.

In RoW, the Middle East can capture a major share of the market. On the other hand, Latin American countries can generate significant revenue due to the influence of sports and worship of celebrity culture. Venezuela, Brazil, and Colombia can contribute to the market as well.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street,5Th Floor, New York, New York 10013, United States of America

Comments

Post a Comment

Popular posts from this blog

Grain Protectants Industry Analysis Insights, Regional Portfolio, Competitor, Product Category| Forecast

  Market Overview: Protectants are fundamental means of pest management in bulk storages of food grains such as wheat, corn, and rice. They are pest control methods that protect the post-harvest grains from the attack of pests, rodents, and other diseases. The global grain protectants market has been segmented into control method, grain type, and target pest. By control method, the global market has been classified into chemical, physical, and biological. The chemical segment dominated the market in 2017 owing to its high-effectiveness properties and diverse range of chemical compounds to prevent the attack of rodents, fungus, and insects among others. The biological method is projected to grow at a high CAGR during the review period owing to the its eco-friendly nature and less maximum residual levels (MRLs). Based on grain type, the global grain protectants market has been segmented into corn, wheat, rice, and others. The corn segment accounted for the largest market share in...
Read more

Sugar-Free Chewing Gum Global Market Restraint, Share, Segmentation Overview, Size, Production and Consumption Ratio, Forecast to 2027.

  Market Forecast Global Sugar-Free Chewing Gum Market size is projected to be USD 13,548.3 Million by 2027 at a CAGR of 5.2% between 2020 and 2027. According to the US Food and Drug Administration, chewing gum can be labeled as “sugar-free” if it contains less than 0.5 g of sugars per serving. In place of sugar, high-intensity sweeteners such as acesulfame-K, aspartame, neotame, saccharin, sucralose, or stevia are used to sweeten gum. Gum may also be sweetened with sugar alcohols such as erythritol, isomalt, maltitol, mannitol, sorbitol, or xylitol. The consumption of sugar-free confectionery is gaining acceptance among consumers. The high consumption of sugar has been found to adversely affect consumer’s health. A substantial amount of sugar consumption over a long-term period leads to a higher risk of obesity and diabetes. Moreover, the high consumption of sugar also increases the chances of cardiovascular diseases. So, the growing chances of obesity and diabetes from sugar-...
Read more

HoReCa Key Market Players by Product and Consumption, and Forecast 2028

Image
  HoReCa Market Overview: In addition, the global HoReCa market is expected to increase ta a CAGR of 3.15%, with a value of USD 2.38 billion during the projected quarters of 2021-2028. In the hotel industry, food services have a substantial market share. The food and beverage market grew throughout the epidemic and when the situation improved. The success of the HoReCa business is due to the adaption of modern lifestyles and a rise in disposable income in several notable countries. There has been a considerable increase in hotels, restaurants, cafés, and food trucks, all of which contribute to good growth. Tourism is one of the businesses that influence the HoReCa market. The market's growth is influenced by people traveling and sampling new cuisines. The market is further boosted by the experimentation with diverse cuisines' food availability in one location. Another aspect driving market development is the young generation's food habit of dining outside and ordering m...
Read more