The global Footwear market was valued at US$ 293190 million in 2019 and is expected to reach US$ 313900 million by the end of 2026, growing at a CAGR of 2.4% during 2021-2026.
Footwear refers to garments worn on the feet, which originally serves to purpose of protection against adversities of the environment, usually regarding ground textures and temperature. Footwear in the manner of shoes therefore primarily serves the purpose to ease the locomotion and prevent injuries. Secondly footwear can also be used for fashion and adornment as well as to indicate the status or rank of the person within a social structure. Socks and other hosiery are typically worn additionally between the feet and other footwear for further comfort and relief.
APAC is the largest consumption place, with a consumption market share nearly 52% in 2019. Europe is the second largest consumption place with the consumption market share of 21%.
Market competition is intense. Nike, Adidas, Skechers, New Balance, Asics, Belle, Kering Group are the leaders of the industry. Top three manufacturers held 8% market share.
Global Footwear Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Footwear Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Nike, Adidas, Skechers, New Balance, Asics, Belle, Kering Group, Puma, Authentic Brands Group, Clarks, Wolverine Worldwide, VF Corp, Ecco, Anta, Crocs Inc, Under Armour, Geox, LI-NING, Salvatore Ferragamo, Daphne, Xtep, Mizuno, C.banner, Red Dragonfly, 361, BasicNet, Peak and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-footwear-market-research-report
Segment by Type
- Leather Footwear
- Non leather Footwear
Segment by Application
- Women’s Footwear
- Men’s Footwear
- Kid’s Footwear
Table of Content:
1 Footwear Market Overview
2 Footwear Market Competition by Manufacturers
3 Footwear Retrospective Market Scenario by Region
4 Global Footwear Historic Market Analysis by Type
5 Global Footwear Historic Market Analysis by Application
6 Key Companies Profiled
7 Footwear Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Footwear Market Dynamics
10 Global Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta