Footwear Market Size, Share & Trends

The global footwear market size was estimated at USD 207.6 billion in 2018 and is expected to register a CAGR of 3.8% from 2019 to 2025. The market growth is primarily attributed to high demand for convenient and comfortable footwear. Moreover, companies are focusing on a few key parameters, such as innovative designs, product developments, and advanced technical fabrications, to boost the product sales.
Leather shoes are considered as premium product and occupy a significant share of the market. Rapidly expanding e-commerce industry is also expected to be one of the key drivers of the global market. Convenient and hassle-free shopping boosts the growth of the online distribution channel segment. Moreover, consumers can compare different products and brands on e-commerce platforms.
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Major brands, such as Lee Cooper, Adidas America, Inc., and PUMA, are strengthening their presence in e-commerce sector by engaging customers through social media platforms. Asia Pacific is projected to be the fastest-growing, as well as largest, regional market from2019 to 2025. This growth is attributed to rising consumer disposable income levels in emerging nations.
Strong presence of key companies in the region will boost the market growth further. Moreover, China, India, and Vietnam are the three largest footwear manufacturers in the region. Prominent companies are relocating as well as setting up new factories in Indonesia and Vietnam due to potential growth opportunities. This is also likely to contribute to the growth of the market in Asia Pacific.
Some of the major companies in this market are Nike, Inc.; Adidas America, Inc.; PUMA; Geox S.p.A.; Timberland; Skechers USA, Inc.; Ecco Sko A/S; Crocs Retail, Inc.; Under Armour Inc.; and Wolverine World Wide, Inc.
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Segments Covered in the Report
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Grand View Research has segmented the global footwear market report on the basis of type, end user, and region:
• Type Outlook (Revenue, USD Billion, 2015 - 2025)
o Athletic
o Non athletic
• End User Outlook (Revenue, USD Billion, 2015 - 2025)
o Women
o Men
o Children
• Regional Outlook (Revenue, USD Billion, 2015 - 2025)
o North America
? U.S.
o Europe
? U.K.
o Asia Pacific
? China
? India
o Central & South America
? Brazil
o Middle East & Africa
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunit ...

News Release: Footwear Market Size, Share & Trends
Submitted on: August 03, 2020 12:09:29 PM
Submitted by: sitakant
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