Press release
Footwear Market Growth by Top Key Players Nike Inc., Crocs, Timberland Company, Genesco Inc., Wolverine worldwide Inc., Adidas, Fila, K-swiss, Air Jordans, Converse, Vans, Ecco, Skechers, Rebook, and Gucci.
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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
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.
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.
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