Press release
Footwear Market | Nike Inc., Crocs, Timberland Company, Genesco Inc., Wolverine worldwide Inc., Adidas
Footwear Market
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.
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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
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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.
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