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Footwear Market a Comprehensive Analysis | 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.
footwear
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Over the past few decades, the global footwear market has witnessed a significant growth and is anticipated to continue at the same pace in the forecast period. However, the market players are focusing on expanding the growth by the use of e-commerce (online platforms), which has gained popularity amongst the youth, thereby, occupying a significant share among all distribution channels.
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.
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.
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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