Footwear Market Growth, Trends, and Analysis by 2031

MARKET INTRODUCTION

Burgeoning demand for fashionable shoes amongst the high-end and discerning clientele is boosting the market growth of the footwear market. The rising demand for sports shoes and athletic equipment among men and fitness buffs is also pushing the market growth. Rising development in the industry has been possible owing to increased demand for trendy and new designs worldwide, along with a shift in production towards more cost-effective manufacturing techniques. Customers prefer the latest fashion trends and, at the same time, focusing on comfort.

MARKET DYNAMICS

Major global sporting events occasionally held like the Commonwealth Games, Olympics, Asian Games, Super Bowl, Cricket World Cup, and FIFA World Cup, also fueling the demand from both the athletes and their numerous fans. Rising demand for comfortable, trendy, and fancy footwear is creating lucrative opportunities for the manufacturers operating in the footwear market. The millennials and Generation Z is also boosting the market growth to a greater extent. Among consumers, leather footwear is widely considered as a premium product, and it occupies a noteworthy share of the market. Major companies are focusing on the online distribution of their products to cater to people living in Tier III cities.

MARKET SCOPE

The "Global Footwear Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the footwear with detailed market segmentation by type, material, end user, and distribution channel. The global footwear market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading footwear market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global footwear market is segmented on the basis of type into athletic and nonathletic. On the basis of material the footwear market is segmented into leather and non-leather. On the basis of end user the global footwear market is also segmented into men, women, and children. Moreover, the global footwear market is segmented by distribution channel into hypermarket/supermarket, specialty stores, brand outlets, online sales channel, and others.

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 footwear market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The footwear 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 footwear market from both demand and supply side and further evaluates market dynamics affecting the market during 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 footwear market in these regions.

MARKET PLAYERS

The reports cover key developments in the footwear 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 market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from footwear market are anticipated to lucrative growth opportunities in the future with the rising demand for footwear in the global market. Below mentioned is the list of few companies engaged in the footwear market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the footwear 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.

•  Adidas AG
•  Nike, Inc.
•  PUMA SE
•  Under Armour, Inc.
•  Skechers USA, Inc.
•  Geox S.p.A
•  VF Corporation
•  CROCS, Inc.
•  Ecco Sko A/S
•  Wolverine World Wide, Inc.
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Footwear Report Scope