Footwear Market Growing at a Steady Pace since the Past Few Years

The increasing preferences of consumers towards online medium are driving the sales through online retail websites. Retail stores offer a superior buying experience to the customers as compared to online sales, thereby acting as the dominant mode of sale segment. By material type, the report segments the market into leather and non-leather footwear, wherein leather footwear occupies larger market share. Geographically, the global footwear market is segmented into North America, Europe, Asia-Pacific, and LAMEA.

Athletic and non-athletic are the two major types of footwear, wherein non-athletic footwear holds a larger market share in comparison with athletic footwear. Both the segments would witness growth during the forecast period, on account of the growing consciousness of fitness, which subsequently boosts the market of athletic footwear; and the large demand of non-athletic footwear such as casual shoes, boots, sneakers, slip-ons, flip flops and formal shoes.

The raw materials that are commonly used in the manufacturing of footwear include suede leather, tanned leather, rubber, and fur and textile fabrics. Leather footwear accounts for larger market share as compared to the non-leather footwear made of materials such as rubber, textile fabrics and similar others. The United Kingdom and United States are major
importers of leather footwear.

Presently, retail stores are a significant sales channel for manufacturers, however, with growing e-commerce networks, the online platform would gain popularity over the forecast period.

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Footwear Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $371.8 billion by 2020, registering a CAGR of 5.5% during the period 2015 - 2020.The Asia Pacific region is a major exporter of leather footwear to the United States and United Kingdom and ranks as the highest revenue generating region in the footwear market worldwide. The region generated a revenue of $116.9 billion in 2014, and is expected to grow at a CAGR of 4.7% during the forecast period. A global increase in disposable incomes, growing urbanization and changing lifestyles are key factors that boost the growth of the global footwear market.

Key Findings of Footwear Market:
• Increasing disposable incomes and changing lifestyles are some key factors that influence the market growth over the forecast period (2015 - 2020)
• Leather segment accounted for around 60% of the market in 2014 and would continue to dominate the market throughout the analysis period; Non-leather segment, with relatively smaller market share would witness faster growth during 2015 - 2020
• Asia Pacific accounts for the highest revenue generating region in the global market and would continue to lead the market over the forecast period

Product launch and partnerships are the two key strategies adopted by leading market players. Additionally, the market players are constantly in the process of conceptualizing effective strategies for marketing and branding their products across global events such as the Olympics, Formula One Grand Prix and Wimbledon among others. The key players profiled in this report are Nike Inc., Adidas AG, PUMA, GEOX S.p.A, SKECHERS USA, Inc., Under Armour, INC., Wolverine World Wide, Inc., Timberland, Crocs Retail, Inc., and ECCO Sko A/S.

Chapter: 1 INTRODUCTION

1.1 Report description
1.2 Key benefits
1.3 Key market segments
1.4 Research methodology
1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY
2.1.1 CXO Perspective

Chapter: 3 MARKET OVERVIEW
3.1 Market definition and scope
3.2 Key findings
3.2.1 Top impacting factors
3.2.2 Top investment Pockets
3.2.3 Top winning strategies
3.3 Porters five forces
3.3.1 Low cost substitutes increases the bargaining power of buyer
3.3.2 Undifferentiated product reduces the Bargaining power of supplier
3.3.3 High initial capital investment reduces the threat of new entrants
3.3.4 Replica footwear by domestic players increases threat of substitutes
3.3.5 Presence of numerous international market players with well-established brands intensifies the rivalry in the industry

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