Footwear Market Size to Reach 9.9 Billion By 2025Posted by Ryan Shaw on October 16th, 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. Women end user segment is expected to register the fastest CAGR of 4.3% from 2019 to 2025. Average spending on personal appearance products will further boost market growth. The Asia Pacific region is anticipated to witness the maximum CAGR over the forecast period. This growth is attributed to the improving living standards and increasing disposable income levels, especially in emerging nations like China and India. The athletic type segment in this region is increasing due to rising participation in different sports, such as the ACC Asia Cup, ICC Cricket World Cup, and the Asian Games. Browse Details of Report @ Further key findings from the study suggest:
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