Top 4 trends in Asia Pacific Footwear Market | Research Report 2022-2027

According to IMARC Group's latest report, titled "Asia Pacific Footwear Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.' the Asia Pacific footwear market size reached US$ 131.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 196 Billion by 2027, exhibiting a growth rate (CAGR) of 7.4% during 2022-2027.

Footwear is manufactured by utilizing various materials, such as canvas, wood, jute, leather, rubber, plastic, etc., to offer comfort and protection to the feet. The style and quality of the product have evolved over the years with the changing fashion aesthetics and trends. Consumers prefer purchasing footwear with innovative technical fabrications, which deliver maximum comfort while adhering to the ongoing style trend. The steadily increasing demand for superior quality products has resulted in several advancements that provide optimum support to the feet and highlight unique designs. As a result, footwear is widely available across clothing stores, supermarkets, online channels, specialty stores, hypermarkets, etc.

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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Asia Pacific Footwear Market Trends:

The rising urbanization and industrialization in countries, including China, Indonesia, and India, and the escalating demand for formal, casual, athletic, and fashion shoes are among the primary factors driving the Asia Pacific footwear market. Besides this, the increasing establishment of popular luxury brands, which emphasize the development of unique designs while also giving importance to comfort, is further augmenting the market growth. Moreover, the growing popularity of athletic and sports footwear among individuals becoming more inclined toward athletic and physical activities, such as gym, yoga, and jogging, is also catalyzing the market across the Asia Pacific. Apart from this, the emerging trend of e-commerce platforms, such as Amazon and Alibaba, that provide consumers with several product variants to choose from, is expected to bolster the Asia Pacific footwear market in the coming years.

Asia Pacific Footwear Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape with Key Players:

The competitive landscape of the Asia Pacific footwear market has been studied in the report with the detailed profiles of the key players operating in the market.

Key Market Segmentation:

The report has segmented the Asia Pacific footwear market on the basis of product, material, distribution channel, pricing, end user and country.

Breakup by Product:

Non-Athletic Footwear
Athletic Footwear

Breakup by Material:

Rubber
Leather
Plastic
Fabric
Others

Breakup by Distribution Channel:

Footwear Specialists
Online Sales
Supermarkets and Hypermarkets
Departmental Stores
Clothing Stores
Others

Breakup by Pricing:

Premium
Mass

Breakup by End User:

Men
Women
Kids

Breakup by Country:

China
Japan
India
South Korea
Australia
Indonesia
Others

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Key highlights of the report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
Industry Trends
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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