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Footwear Market Detailed Analysis & Focusing on Key Leaders - Nike Inc., Crocs, Timberland Company, Genesco Inc., Wolverine worldwide Inc., Adidas, Fila, K-swiss, Air Jordans, Converse, Vans, Ecco, Skechers, Rebook, and Gucci.

03-15-2019 08:37 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent Market Insights

Footwear

Footwear

Footwear is one of the essential commodities and is used by every human nowadays. Its main purpose is to protect the feet against environmental adversities, ground temperature, and prevent the feet from injuries. Footwear is used by individuals of all age group and gender. The rise in demand for trendy, fancy, and comfortable footwear is further driving the market share of global footwear industry. Furthermore, increasing health concerns, indoor and outdoor activities, increasing fashion conscious population,, and rising retail culture has further led to the growth of footwear market.

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Athletic type of footwear has witnessed a burgeoning growth in the footwear market owing to the increase in popularity of sports like football, cricket, hockey, and tennis, among others. It has enabled various opportunities for companies to manufacture newer footwear products.

Global Footwear Market Outlook

Asia Pacific is accounted as the largest market for footwear, due to the highest population base, low cost labor, and large pool of skilled professionals. China holds the largest production of footwear market followed by India, ASEAN, and others, and have further enhanced the growth of footwear market in the region.

North America is projected to witness a significant growth rate and is an important region in terms of revenue generation in the global footwear market. Owing to the change in lifestyle, increasing interest in athletic footwear, proliferating in number of sales channel, and prominent increase in internet retailing has added to the growth of the footwear market in this region.

European footwear products are very well known for their style and quality. The footwear production in Europe is concentrated in the countries such as Spain, Italy, and Portugal, among others. However, the number of footwear manufactures in Europe has taken a downward path in the past few decades due to the economies with low labor cost such as China and India has attracted the footwear market.

The major players are adopting various organic and inorganic growth strategies. For instance, in April 2015, a lightweight football shoe featuring Japanese dragon graphics was launched by PUMA for soccer lovers. The launch further helped the company to manufacture and attract more customers for football shoes.

In 2014, Adidas collaborated with Manchester United for the promotion of its brand among the football teams.

Fragmented Market

Footwear market is dominated by various companies include Nike Inc., Crocs, Timberland Company, Genesco Inc., Wolverine worldwide Inc., Adidas, Fila, K-swiss, Air Jordans, Converse, Vans, Ecco, Skechers, Rebook, and Gucci.

Footwear Market Taxonomy

On the basis of type, the footwear market is segmented as:

Athletic
Aerobics Shoes
Running Shoes
Sports Shoes
Walking Shoes
Others
Non-athletic
Formal
Military Boots
Hunting Boots
Rain Boots
Winter Boots
Rocky Military Boots
Others
Casual
Waterproof
Others

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About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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Coherent Market Insights
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Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

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