Footwear Market Share, Size, Global Industry Overview, Insights and Forecast to 2027

According to IMARC Group's latest report, titled "𝗙𝗼𝗼𝘁𝘄𝗲𝗮𝗿 𝗠𝗮𝗿𝗸𝗲𝘁: 𝗚𝗹𝗼𝗯𝗮𝗹 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗧𝗿𝗲𝗻𝗱𝘀, 𝗦𝗵𝗮𝗿𝗲, 𝗦𝗶𝘇𝗲, 𝗚𝗿𝗼𝘄𝘁𝗵, 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝘆 𝗮𝗻𝗱 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁 𝟮𝟬𝟮𝟮-𝟮𝟬𝟮𝟳", the global footwear market size reached US$ 224.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 288.2 Billion by 2027, exhibiting at a CAGR of 4% during 2022-2027.

Footwear refers to articles that are worn for the purpose of adornment, hygiene, fashion, or providing protection against adversities of the environment, including ground textures and temperature. It is manufactured by using a wide array of materials, such as wood, canvas, leather, jute, plastics, rubber, etc., with a highly soft sole and heel to support the weight of the wearer. Footwear can either be machine- or hand-made and is commonly available in various patterns, colors, advanced technical fabrications, etc., for both athletic and non-athletic purposes.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗳𝗿𝗲𝗲 𝘀𝗮𝗺𝗽𝗹𝗲 𝗯𝗿𝗼𝗰𝗵𝘂𝗿𝗲: https://www.imarcgroup.com/footwear-market/requestsample

𝗙𝗼𝗼𝘁𝘄𝗲𝗮𝗿 𝗠𝗮𝗿𝗸𝗲𝘁 𝗧𝗿𝗲𝗻𝗱𝘀:

The escalating demand for superior-quality articles is among the key factors stimulating the footwear market. Moreover, leading manufacturers are focusing on developing unique designs while giving importance to comfort, which is acting as another significant growth-inducing factor. Besides this, the growing consumer inclination towards participating in athletic and physical activities, such as jogging and running, is positively influencing the global market. Furthermore, the rising sales of footwear via organized retail outlets are propelling the market growth. Apart from this, numerous promotional activities by key market players and the inflating expenditure capacities of individuals are further bolstering the global market. Additionally, extensive investments in R&D activities to introduce smart shoes consisting of pressure sensors to facilitate easy functioning of self-lacing are also augmenting the market growth. In line with this, the increasing number of e-commerce platforms are enabling companies to offer enhanced convenience to users via flexible payment methods, easy return or exchange policies, monetary benefits, etc., which is anticipated to fuel the footwear market over the forecasted period.

𝗖𝗵𝗲𝗰𝗸𝗼𝘂𝘁 𝗡𝗼𝘄: https://www.imarcgroup.com/checkout?id=1313&method=1

𝗙𝗼𝗼𝘁𝘄𝗲𝗮𝗿 𝗠𝗮𝗿𝗸𝗲𝘁 𝟮𝟬𝟮𝟮-𝟮𝟬𝟮𝟳 𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗮𝗻𝗱 𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻:

𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲 𝗪𝗶𝘁𝗵 𝗞𝗲𝘆 𝗣𝗹𝗮𝘆𝗲𝗿𝘀:

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

𝗦𝗼𝗺𝗲 𝗼𝗳 𝘁𝗵𝗲𝘀𝗲 𝗸𝗲𝘆 𝗽𝗹𝗮𝘆𝗲𝗿𝘀 𝗶𝗻𝗰𝗹𝘂𝗱𝗲:

• Nike Incorporation
• Adidas AG
• PUMA
• Geox S.p.A
• Skechers USA, Incorporation
• Timberland
• Crocs Retail, Inc.
• Ecco Sko A/S
• Wolverine World Wide, Inc.
• Under Armour Inc., etc

𝗞𝗲𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻:

The report has segmented the global footwear market on the basis of product, material, distribution channel, pricing, end-user and region.

𝗕𝗿𝗲𝗮𝗸𝘂𝗽 𝗯𝘆 𝗣𝗿𝗼𝗱𝘂𝗰𝘁:

• Non-Athletic Footwear
• Athletic Footwear

𝗕𝗿𝗲𝗮𝗸𝘂𝗽 𝗯𝘆 𝗠𝗮𝘁𝗲𝗿𝗶𝗮𝗹:

• Rubber
• Leather
• Plastic
• Fabric
• Others

𝗕𝗿𝗲𝗮𝗸𝘂𝗽 𝗯𝘆 𝗗𝗶𝘀𝘁𝗿𝗶𝗯𝘂𝘁𝗶𝗼𝗻 𝗖𝗵𝗮𝗻𝗻𝗲𝗹:

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

𝗕𝗿𝗲𝗮𝗸𝘂𝗽 𝗯𝘆 𝗣𝗿𝗶𝗰𝗶𝗻𝗴:

• Premium
• Mass

𝗕𝗿𝗲𝗮𝗸𝘂𝗽 𝗯𝘆 𝗘𝗻𝗱-𝗨𝘀𝗲𝗿:

• Men
• Women
• Kids

𝗕𝗿𝗲𝗮𝗸𝘂𝗽 𝗯𝘆 𝗥𝗲𝗴𝗶𝗼𝗻:

• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others)
• Middle East and Africa ( Turkey, Saudi Arabia, Iran, United Arab Emirates, Others)

𝗔𝘀𝗸 𝗔𝗻𝗮𝗹𝘆𝘀𝘁 𝗳𝗼𝗿 𝟭𝟬% 𝗳𝗿𝗲𝗲 𝗰𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗲𝗱 𝗿𝗲𝗽𝗼𝗿𝘁: https://www.imarcgroup.com/footwear-market

𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗥𝗲𝗽𝗼𝗿𝘁:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• 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.

𝗔𝗯𝗼𝘂𝘁 𝗨𝘀:

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𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗨𝗦:

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This release was published on openPR.