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Footwear Manufacturing Machines Market to Garner $23,372.1 Million by 2025 : Key Players ALC Tecnologie Adesive S.r.l., Atom S.p.A, Brustia Alfameccanica S.r.l., Comec, Elitron IPM S.r.l and Others

02-12-2019 08:52 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Footwear Manufacturing Machines Market

Footwear Manufacturing Machines Market

Footwear Manufacturing Machines Market accounted for $16,836.3 million in 2017, and is expected to reach $23,372.1 million by 2025, growing at a CAGR of 4.3% from 2018 to 2025. In 2017, Asia-Pacific dominated the global market, in terms of revenue, accounting for about 82.0% share of the global market, followed by LAMEA.

Footwear manufacturing machinery includes machines used for manufacturing & designing shoe upper and insole parts, and it assembles and stabilizes these parts to form a finished shoe product. The demand for footwear production is increasing rapidly, owing to change in lifestyle and fashion trends, which in turn boosts the demand for footwear making machinery. Furthermore, the footwear making machinery simplifies the manufacturing process and increases production capacity utilizing optimized time. These factors are majorly driving the demand for footwear making machinery. However, uncertainty in the manufacturing industry can hamper of growth of the footwear manufacturing machinery.

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The product segment secured the highest share of about 86.0% in the footwear manufacturing market in 2017 and is expected to grow at a CAGR of 4.7% during the forecast period. In terms of machine type, semi-automatic machines are expected to account for the highest market share in the coming years, as production capacity of these machines is higher than manual machines, which reduces labor cost, and improves product quality.

Asia-Pacific secured the highest market share in 2017, owing to wide presence of key footwear manufacturing companies. Moreover, most of the key footwear making machines manufacturers are located in Taiwan. Furthermore, the countries such as China and India are growing rapidly in the footwear manufacturing industry, which is increasing demand for footwear manufacturing machines in region.

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Key Findings of the footwear manufacturing machinery market:
• In 2017, the product segment dominated the global footwear manufacturing machines market, in terms of revenue, and is projected to grow at a CAGR of 4.7% during the forecast period
• The service segment is projected to grow at a CAGR of 1.2% during the forecast period
• Asia-Pacific is projected as one of the most dominant regions in the footwear manufacturing market and is expected to witness notable growth rate.

Key Players
• ALC Tecnologie Adesive S.r.l.
• Atom S.p.A
• Brustia Alfameccanica S.r.l.
• Comec
• Comelz S.p.A
• Dongguan Kingstone Shoe-making Machinery Co. Ltd.
• Elitron IPM S.r.l.
• Kou Yi Iron Works Co., Ltd.
• Orisol Taiwan Ltd.
• True Ten Industrial Co., Ltd.

View Full Report Summary: https://www.alliedmarketresearch.com/footwear-manufacturing-machines-market?utm_source=OpenPR

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

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