Press release
Sports Footwear Market Segments, Opportunity, Growth and Forecast by End-use Industry 2021-2031
A new forecast by Fact.MR estimates that footwear revenues will grow nearly 1.5x between 2021 and 2031, reaching nearly US$ 640 Bn in 2031 with a 10-year compound annual growth rate (CAGR) of 4%.Demand across North America accounts for nearly 36% share, boosted by the presence of prominent shoe manufacturer brands like Adidas, Under Armour, Skechers, ASICS Corporation in the region.
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Key Segments Covered
Product Type
Casual Footwear
Fashion Footwear
Occupational Footwear
Therapeutic Footwear
Athletic Footwear
Protective Footwear
Other Footwear
Material
Leather Footwear
Natural Rubber Footwear
Synthetic Rubber Footwear
EVA Footwear
PVC Footwear
PU Footwear
Textile Footwear
Price Range
Economy Footwear
Mid Footwear
Premium Footwear
Super-Premium Footwear
Sales Channel
Online Footwear Sales
Footwear Sales via Specialist
General Merchandise Footwear Sales
Footwear Sales via Departmental Stores
Footwear Sales via Other Sales Channels
The Market insights of Footwear will improve the revenue impact of businesses in various industries by:
• Providing a framework tailored toward understanding the attractiveness quotient of various products/solutions/technologies in the Footwear Market
• Guiding stakeholders to identify key problem areas pertaining to their consolidation strategies in the global Footwear market and offers solutions
• Assessing the impact of changing regulatory dynamics in the regions in which companies are keen on expanding their footprints
• Provides understanding of disruptive technology trends to help businesses make their transitions smoothly
• Helping leading companies make strategy recalibrations ahead of their competitors and peers
• Offers insights into promising synergies for top players aiming to retain their leadership position in the market & supply side analysis of Footwear market .
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This report gives you access to decisive data such as:
• Demand of Footwear Market & Growth drivers
• Factors limiting Footwear market growth
• Current key trends of Footwear Market
• Market Size of Footwear and Footwear Sales projections for the coming years
The report also offers key trends of Footwear market and an in-depth analysis of how the projected growth factors will shape the Footwear market dynamics in the coming years of the forecast period.
Moreover, it also gives meaningful as well as actionable insights on the competitive analysis of Footwear Market that are developing the current market scenario and which will be lucrative for the future demand of Footwear Market.
Crucial insights in Footwear market research report:
• Underlying macro- and microeconomic factors impacting the Sales of Footwear market.
• Basic overview of the Footwear, including market definition, classification, and applications.
• Scrutinization of each market player based on mergers & acquisitions, R&D projects, and product launches.
• Adoption trend and supply side analysis of Footwear across various industries.
• Important regions and countries offering lucrative opportunities to market stakeholders.
To get all-in insights on the regional landscape of the Footwear Market, buy now:-https://www.factmr.com/checkout/120
Category-wise insights
Why are Medical & Therapeutic Footwear Projected to be Popular?
Sales of medical & therapeutic footwear were valued at USD 8.3 Bn in 2020 and is predictable to grow at a CAGR of around 5% from 2021 to 2031.
Soaring number of foot-related issues, such as plantar fasciitis, bunions, arthritis, foot and ankle injuries, corns, and flat feet, on account of poorly fitting shoes, is a prime factor driving the market. According to the American Podiatric Medical Association (APMA) 2019, in the U.S., about 77% of Americans have encountered foot disorders and related issues.
What are the Commercial Prospects for Fashion Footwear?
Footwear is produced in a vast variety on the basis of style and functionality, including casual, fashion, occupational, therapeutics, athletic, protective, and others. Of these, sales of fashion footwear accounted for nearly US$ 109 Bn in 2020.
Furthermore, major investments by international fashion houses and collaborations with major designers by market leaders are key factors bolstering sales. Also, the popular trend of fast fashion is projected to aid growth in the long term.
Browse More Reports by Fact.MR : -https://www.einpresswire.com/article/557298123/demand-for-independent-front-suspension-is-estimated-to-remain-high-owing-to-the-system-of-better-handling-stability
Competitive Landscape:
Prominent players are embracing innovative approaches such as ground-breaking marketing tactics, technological advancements, mergers, and acquisitions.
NIKE, Inc. entered into a definitive agreement to acquire Converse, Inc. The total price paid for 100 % of the equity shares was approximately US$305 Mn plus the assumption of certain working capital liabilities at the time of the transaction’s consummation.
Likewise, Adidas-Salomon AG and Reebok International Ltd. signed an agreement under which adidas-Salomon AG would acquire all of the outstanding shares of Reebok for U.S. $59.00 per share in cash.
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