Global Footwear Market (2018-2023)
Posted by Bharat Book on August 24th, 2018
Bharat Book Bureau Provides the Trending Market Research Report on “Global Footwear Market (2018-2023)”under Consumer Goods category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.
The global footwear market, characterized by frequent change and volatility, reflects the trends that will impact the world in the next few years. The search for a variety of styles, and the new trend of fashionable and innovative footwear is increasing its demand across the world. The global footwear market is expected to expand at an overall annual compound growth rate (CAGR) of 3.44% from 2018 to 2023, leading to a global revenue of USD 280.61 billion by 2023.
Based on the various products available, the Global Footwear Market has been classified into athletic and non-athletic footwear. The demand for non-athletic footwear is anticipated to be the largest and the most promising in the coming years. This is due to the availability of customization and personalization for different footwear, along with the rising fashion of innovative and trendy footwear.
Based on the distribution channel, the market is segmented into online channels, supermarkets and hypermarkets, independent retail stores, and others. These segments occupy more than around 65% of the global market share. Shopping online or from supermarkets and independent retail stores holds the majority of the market share, globally.
Request a free sample copy of Footwear Market Report @
Also, demand for footwear from various end users including men, women, and kids is also provided in this report. Demand for footwear from women held the most significant market share in 2017 and is anticipated to maintain its dominance during the forecast period.
Moreover, the cross-sectional analysis of all the segments mentioned above across different regions such as North America, Asia-Pacific, Europe, Latin America and the Middle East and Africa has also been considered within the scope of research. Geographically, North America dominated the global footwear market and was followed by the Asia-Pacific, especially China, in 2017.
Key growth factors
The footwear market is predicted to witness a high growth rate owing to the rising disposable income in developing economies, rapidly growing population, and increasing demand for athletic shoes because of increasing awareness about health and fitness, and attractive promotional strategies by companies that induce increased purchases.
The growing trend of new and stylish footwear across all age groups is one of the primary factors that is expected to augment the demand for footwear at a high rate in the coming years.
Threats and key players
Despite so many factors driving the market, the rising cost of raw materials is one of the most critical factors that is expected to limit the demand for footwear in the coming years.
Moreover, the availability of counterfeit products and competition among vendors hinder the expansion of the global footwear market.
Some of the major players operating in the footwear market are Adidas AG, Nike Inc., PUMA SE, New Balance Inc., Asics Corporation, Deichmann SE, Bata Ltd, Skechers USA Inc., Under Armour, Timberland, etc.
What’s covered in the report?
Overview of the footwear market
Understand the demand for footwear to determine the viability of the business.
About Bharat Book Bureau:
Contact us at:
Bharat Book Bureau
Follow us on : Twitter, Facebook, LinkedIn, Google Plus
Like it? Share it!
About the AuthorBharat Book
Joined: August 18th, 2017
Articles Posted: 3,022
More by this author