Footwear: Release Latest Trends and Industry Vision by 2025

Posted by Nicky Arora on November 7th, 2019

The global Footwear Market size is expected to reach USD 269.9 billion by 2025 registering a CAGR of 3.8%, according to a new report by Grand View Research, Inc. Rising demand for fancy, convenient, and comfortable footwear is the major factor driving the market growth. Another factor driving the market is rising number of working individuals across the globe, which leads to increased sales of formal and semi-formal footwear. Companies are launching innovative products to increase customer engagement. For instance, in April 2019, Adidas America, Inc. introduced Game of Thrones sneakers.

Further key findings from the study suggest:

• In terms of revenue, athletic type segment is projected to ascend at the fastest CAGR of 4.4% from 2019 to 2025
• However, non-athletic type segment is likely to account for the largest share of the global market in future
• Men end user segment accounted for the largest market share of more than 55% in 2018 and is projected to retain its leading position over the next few years
• Asia Pacific is expected to be the largest, as well as fastest-growing, regional market during the forecast period
• This growth is attributed to increasing disposable income levels in emerging countries like India, South Korea, China, and Japan

Access Full Sample Copy @ https://www.grandviewresearch.com/industry-analysis/footwear-market/request/rs1