Global Footwear Market Assessment and Revenue Gains of Key Players Forecasted during 2017-2022

As per the current market trends and the promising nature of the global footwear market, it can be estimated that the future holds positive outcomes. In order to provide a deep insight about the concerned market, Fact.MR would be publishing a resourceful analysis that will enclose knowledge about the regional market size, revenue and opportunity status. Readers will be offered the privilege to decode various facets of the market during the period “2017 to 2022”, together with the active access to secondary and primary research methodology. Furthermore, various segments of the market associated to product, application, end-user etc., would also be present in this intelligent research report.

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Marilyn Monroe once said that a girl with the right shoes can conquer the world. No longer restricted to only the fairer sex, footwear has become a multi-billion dollar industry that shows no signs of slowing down. The change in perception of footwear from a commodity to a fashion statement has played a key role in the transformation of the footwear market. Men, women, and even children are increasingly seeking out a pair of footwear that are not only trendy, chic, long-lasting, and comfortable, but also fit perfectly with their sensibilities and way of life.

Footwear comprises various kinds of shoes designed for men, women, and children. Footwear consists of all types of shoes meant for both indoor and outdoor use and the different materials used are leather, natural rubber, synthetic rubber, EVA, PVC, PU, PU, textile, satin, jute, and canvas. Footwear can be premium, super-premium, economical and for fashion, casual use, therapeutic use, athletic, or protective use.

The Fact.MR report has profiled the global footwear market from 2017-2022 and it is poised to record a modest CAGR of 4.5% and be worth almost half a billion dollars by 2022.

Fashion Segment Critical in the Footwear Market

The fashion segment represents more than a quarter of the revenue in the footwear market in terms of product type and is predicted to become even more crucial going forward. This is primarily because footwear is seen as more of a ‘lifestyle or fashion’ statement now instead of mere protection for one’s feet. A market opportunity of more than US$ 120 billion in 2022 is enough for all existing as well as potential key stakeholders in the footwear market. The highly populous APEJ region accounts for almost a third of the revenue contribution in the fashion segment of the footwear market and it is expected to retain this position.

Close Call between Casual and Occupational Segment in Footwear Market

The casual and occupational segment are both of a similar size and consist of slightly over a fifth of revenue share in the footwear market. While companies could seek to target teenagers in terms of the former, the latter would primarily be aimed at both ‘blue collar’ and ‘white collar’ workers. The casual footwear segment is on track to grow with a robust CAGR of 5.9% in Europe and companies are highly advised to target the continent. On the other hand, APEJ would be a better region to sell occupational shoes as the economic and population growth rate is higher, leading to millions of people joining the workforce every month. APEJ alone is estimated to contribute approx. US$ 30 billion to the occupational shoe segment in the footwear market by end 2022, making it imperative for companies to be present in this dynamic and highly volatile region.

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Competition Analysis

The report also profiles companies that are expected to remain active in the expansion of the footwear market through 2022, which include Nike, Adidas, PUMA, Under Armor, Crocs, ALDO group, ASICS Corporation, and Deichmann SE.

Global Footwear Market - Executive Summary

2. Global Footwear Market Overview
2.1. Introduction
     2.1.1. Global Footwear Market Taxonomy
       2.1.2. Global Footwear Market Definition
2.2. Global Footwear Market Size (US$ Mn) and Forecast, 2012-2022
       2.2.1. Global Footwear Market Y-o-Y Growth
2.3. Global Footwear Market Dynamics
       2.3.1. Drivers
       2.3.2. Restraints
       2.3.3. Trends
2.4. Supply Chain
2.5. Cost Structure
2.6. Pricing Analysis 
2.7. Raw Material Sourcing Strategy and Analysis
2.8. List of Distributors
2.9. Key Participants Market Presence (Intensity Map) By Region

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