openPR Logo
Press release

Athleisure to Drive Sales in Global Footwear Market

12-10-2020 08:15 AM CET | Fashion, Lifestyle, Trends

Press release from: Market Research Future

Footwear Market

Footwear Market

Footwear are essential items worn by individuals to traverse in public places. Plastics, synthetic polymers, fabrics, and leather are materials used in the manufacture of footwear. The global footwear market report by Market Research Future (MRFR) looks at numerous developments in design, materials, and consumer demand and its prospects for the period of 2019 to 2024 (forecast period). The sudden outbreak of the COVID-19 virus and its impact on the industry has been explored as well.

Get a FREE Sample Copy of Report: https://www.marketresearchfuture.com/sample_request/8037

Market Scope

The global footwear market is expected to reach a valuation of USD 223.2 billion by 2024. It can exhibit a CAGR of 5.7% over the forecast period.

Huge demand for footwear in the APAC region is one of the major drivers of the global market. The large population, awareness of different types of footwear, and launch of new products can bode well for the market. Marketing of footwear via traditional and digital channels have managed to reach a large consumer base. Presence of online channels has led to mass bookings due to ease of delivery and nominal retail prices. The rise in disposable income levels of consumers has also acted in favor the market.

The potential of ecommerce platforms is high in developing economies of Brazil and Colombia. The large consumer base and influence of celebrity culture can work in favor of the market. But lack of proper infrastructure and slow internet speeds can dampen the market growth.

Segmentation

The global footwear market has been segmented by product type, category, end user, and distribution channel.

The global footwear market has been classified, based on product type, into sports footwear, formal footwear, and casual footwear. Casual footwear is expected to rake in a massive share of the market owing to preference of sneakers among the public. The various designs and use of polymers has made it convenient and easy to wash and thus driving the sales in the global footwear market.

The global footwear market has been bifurcated, by category, into open footwear and closed footwear.

The global footwear market is segmented by end user into men and women.

The global footwear market has been classified, on the basis of distribution channel, as store-based and non-store based. Store-based distribution channel has been further segmented into supermarkets and hypermarkets, specialty stores, and others.

Regional Analysis

The global footwear market has been analyzed for four key regions—North America, Europe, Asia-Pacific (APAC), and Rest-of-the-World (RoW).

APAC is expected to dominate the market due to improved standards of living among the masses and increased purchasing power. Change in economic policies in China are likely to trigger the demand in footwear for children.

Europe is expected to display a stable growth rate over the forecast period. The rise of online shopping and growing social media awareness can foster growth in the global footwear market. Sales of athleisure are likely to drive the demand for sports shoes and bolster the demand in the global market.

In RoW, the Middle East can capture a major share of the market. On the other hand, Latin American countries can generate significant revenue due to the influence of sports and worship of celebrity culture. Venezuela, Brazil, and Colombia can contribute to the market as well.

Competition Outlook

VF Corporation, New Balance Athletics, Inc., ECCO Sko A/S, Skechers USA, Incorporation, The Columbia Sportswear Company, Wolverine World Wide, Inc., Adidas AG, Nike Corporation, AeroGroup, Kering S.A., Deichmann SE, Asics Corporation, Geox S.p.A, Crocs Retail, Inc., and Under Armour Inc. are key players of the global footwear market.

Access Full Report Details and Order this Premium Report @ https://www.marketresearchfuture.com/reports/footwear-market-8037

Note: Our team of researchers are studying Covid-19 and its impact on various industry verticals and wherever required will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Athleisure to Drive Sales in Global Footwear Market here

News-ID: 2206276 • Views: 411

More Releases from Market Research Future

Field Programmable Gate Array Market 2021 Size, Share, Industry Analysis, Emergi …
Field Programmable Gate Array Market by technology (EEPROM, Antifuse, SRAM, Flash, and others (EPROM and PROM), by Application (data processing, consumer electronics, industrial, military & aerospace, automotive, telecom, and others), and by Type (high-end, mid-end, and low-end FPGA) - Global Opportunity Analysis and Industry Forecast, 2017-2023 According to a recent report published by Allied Market Research, titled, Field Programmable Gate Array Market by Technology, Application, and Type: Global Opportunity Analysis and
Semiconductor IC Tester Market Growth Factor, Demand, Size, Share, Trends, Growt …
The Semiconductor IC Tester Market research report includes Market segmentation and overlays shadow upon the leading market players highlighting the favourable competitive landscape and trends prevailing over the years. This study provides information about the sales and revenue during the historic and forecasted period of 2019 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the Semiconductor IC Tester market growth. Semiconductor IC Tester is
Tilt Sensor Market Share, COVID-19 Pandemic Impact, Comprehensive Analysis, Oppo …
Global Tilt Sensor Market Highlights: The global Tilt Sensor Market is growing rapidly over 7.42% of CAGR and is expected to reach at USD 257.64 million by the end of forecast period. The global tilt sensor market has been witnessing a steady growth over the last few years on account of rapid growth of automobile and transportation market, high implementation of sensors in the constructions machines and rising demand for tilt
High Altitude Long Endurance Market Demand, Growth, COVID-19 Pandemic Impact, Ap …
High Altitude Long Endurance (Pseudo Satellite) Market Overview Market Research Future (MRFR) anticipates that the High Altitude Long Endurance Market 2020 could potentially achieve a strong valuation of USD 23 billion by 2022. The market is also projected to advance at an approximate rate of 9% between 2016 and 2022 (review period). We will provide covid-19 impact analysis with the report. The research on COVID-19 impact offers an in-depth analysis post

All 5 Releases


More Releases for Footwear

Global Protective Footwear Market
Global Protective Footwear Market https://www.qandqmarketresearch.com/reports/protective-footwear-market-82 This report studies the global market size of Protective Footwear in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Protective Footwear in these regions. This research report categorizes the global Protective Footwear market by players/brands, region, type and application. This report also studies the global market status, competition landscape, market share, growth rate, future
Footwear Market -
The footwear market in North America is expected to show various trends such as innovations and new style in different footwear categories. The footwear market by type, is segmented into athletic footwear and non-athletic footwear. Athletic footwear market is further sub categorized into Insert Shoe, Sports (Cross Training), Hiking Shoes and Backpacking Boots. Non-athletic footwear market is further sub categorized into Dress/Formal, Casual Footwear and Fashion Footwear. In terms of
North America's Footwear Market By Type (Athletic footwear and non-athletic foot …
Researchmoz added Most up-to-date research on "North America's Footwear Market By Type (Athletic footwear and non-athletic footwear) By Gender (Men's Footwear, Women's Footwear)" to its huge collection of research reports. The North America footwear market is categorized into athletic and non-athletic footwear. Athletic footwear refers to all kinds of footwear designed for sports purpose or for other forms of physical exercises which includes insert shoes, sports (Cross Training), hiking shoes and
Footwear Market - Demand for Athletic Footwear Segment to Increase Exponentially
The footwear market in North America is expected to show various trends such as innovations and new style in different footwear categories. The footwear market by type, is segmented into athletic footwear and non-athletic footwear. Athletic footwear market is further sub categorized into Insert Shoe, Sports (Cross Training), Hiking Shoes and Backpacking Boots. Non-athletic footwear market is further sub categorized into Dress/Formal, Casual Footwear and Fashion Footwear. In terms of
Global Footwear Market
Footwear Market Drivers There are several drivers which are expected to benefit the global footwear market. Rising health concerns because of a sedentary lifestyle and the resultant problems caused by it are what benefits athletic footwear demand. This influences people to actively take part in both indoor and outdoor physical activities. Major global sporting events held periodically like the Olympics, Commonwealth Games, Asian Games, Cricket World Cup, Super Bowl and FIFA
Industrial Protective Footwear Market, 2014-2020: Segmented by leather footwear, …
Industrial protective footwear provides protection for a variety of hazards. Workers exposed to hazards like falling objects, electrical contact, moving machinery and similar other incidences may be at risk of a foot injury. In order to give your best while working, it is necessary to have the protective footwear. Protective footwear are available in many types and styles and protection levels to service the needs of most any workplace along