Casual and Sports Insoles Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (Breathable Sweat-absorbent Insole, Buffer Decompression Insole, Anti-mildew Antibacterial Insole); Application (Sports, Medical, Others) and Geography
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MARKET OVERVIEW
Insoles is also known as inserts, which are usually prepared of a soft gel material, and may further have other forms of foam or plastic if they are designed to address a specific problem e.g. fallen arches. Different types of insole are now available in the market, including casual insole, sports insole, and insole for medical purpose. Insoles are increasingly being utilized by individuals across different age groups since they deliver additional comfort. Many companies are offering several types of insole such as foam, cushioned, and gel insole with different sizes and color.
MARKET SCOPE
The "Global Casual and Sports Insole Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a special focus on the global market trend analysis. The report aims to provide an overview of the casual and sports insole market with detailed market segmentation by product, application, and geography. The report provides key statistics on the market status of the leading casual and sports insole market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION- Based on product, the global casual and sports insole market is segmented into breathable sweat-absorbent insole, buffer decompression insole, and anti-mildew antibacterial insole.
- Based on application, the market is bifurcated into sports, medical, and others.
Drivers:
- The increasing demand for several insoles from old age people, sports person, and atheletics .
- Steady growth in the sportwear industry
- Introduction of shock absorbing gel insoles
- Increasing case of chronic foot pain and foot injuries
Restraints:
- Fluctuating prices of raw materials may restrict the market growth.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The casual and sports insole market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.\/
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the casual and sports insole market in these regions.
v5/8520IMPACT OF COVID-19 ON CASUAL AND SPORTS INSOLE MARKET
As of May 2021, the US, India, Brazil, Russia, Spain, France, the UK, Turkey, and Italy, are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 is affecting economies and several industries in different countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various manufacturing plants and factories has also been affected the global supply chains also negatively impacted the manufacturing, delivery schedules, and sales of goods in global market. In addition, the global travel bans further imposed by countries in Europe, Asia-Pacific, and North America are also affecting the business collaborations as well as partnerships opportunities.
Due to Covid-19 pandemic, consumer goods industry is also facing huge losses, which is further impacting on world economy. It has further disrupted the transportation system and disrupted the supply of raw materials. The disruptive value chain has had a negative impact on the raw material supply, which, in turn, is impacting the growth of the casual and sports insole market. However, as the economies are planning to revive their operations, the demand for casual and sports insole is presumed to rise globally. During the post pandemic the demand for casual and sports insole expected to rise since consumer are tending to order goods online. Some of the safety measures followed by the companies include limiting direct contact with truck drivers & visitors, strengthening & communicating proper hygiene practices, and conducting complete sanitations &eliminating personnel contact during shift changes. With all these factors, it can be presumed that in post-pandemic times, the demand for these products from some application segments will take a hike.
The report covers key developments in the casual and sports insole market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from casual and sports insole market are anticipated to lucrative growth opportunities in the future with the rising demand for casual and sports insole in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the casual and sports insole market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Aetrex Worldwide, Inc.
- CURREX GmbH
- FootBalance
- PowerStep (Stable Step, LLC)
- Protalus
- Superfeet Worldwide Inc.
- Sorbothane, Inc.
- Dr.Scholl's (Scholl's Wellness Company LLC)
- Bauerfeind USA Inc.
- Horng Shin Footwear Co.
