Shoe with Knitted Upper Market | Global Opportunity Analysis Size ($3,195.1 Million), Trends, Growth (5.9%) and Industry Forecast Peri

The shoe with knitted upper market size was valued at $2,031.0 million in 2017 and is expected to grow at a CAGR of 5.9% to reach $3,195.1 million by 2025.

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With the improvement of living standards, higher demand has been witnessed for comfort of sportswear and athleisure such as lightweight, functional, and other aesthetic effects. Knitted technology can be directly used with dyed yarn without any dying process, and can be used with various colors. These shoes provide sock-like comfort and maintain a trendy yet athletic look. The shoe with knitted upper has become increasingly popular among the younger generation owing to the high influence of sports. The knitted upper shoe requires little to no manual labor while manufacturing and the only labor required is to fix the knitted part to the shoe. This allows footwear manufacturers to move production closer to their larger markets, which reduces or possibly eliminates the costs of shipping and tariffs.

Based on the interviews of various top-level CXOs of leading companies, the rise in the disposable income and improvements in the living standard has been the major factor driving the growth of the market. This rise in demand for this product is also attributed to the functional benefits such as the lightweight and comfort, which also supports its growth in the global market.

Furthermore, rise in the number of sports inspired children and rise in concerns about foot health among customers also boost the growth of the global shoe with knitted upper market. However, implementation of government regulations toward footwear industries majorly restricts the market growth.

Key Findings of the Shoe With Knitted Upper Market:

Based on type, the casual shoes segment was the highest contributor to the shoe with knitted upper market growth and is expected to grow at a CAGR of 5.0%, from 2018 to 2025.

Based on distribution channel, the specialty stores segment was the highest contributor to the shoe with knitted upper market in terms of value in 2017 and is estimated to grow at a CAGR of 4.4% from 2018 to 2025.

Based on type, the running shoes segment is expected to grow at the highest CAGR of 7.1% from 2018 to 2025.

Based on distribution channel, the e-commerce segment accounted for less than one-third in the shoe with knitted upper market share in 2017 and is estimated to grow at a CAGR of 8.0%.

Based on distribution channel, the others segment accounted is anticipated to grow at the higher CAGR of 6.2% during the forecast period.

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Regional forecast:

Regionally, the global Shoes with knit uppers market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Also, the classification of the market data and the regional analysis by country is covered in the market research report. Furthermore, the regions are separated into country and regional groups:

North America (USA and Canada)

Europe (Germany, Great Britain, France, Italy, Spain, Russia and the rest of Europe)

Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and the rest of Asia Pacific)

Latin America (Brazil, Mexico and the rest of Latin America)

The Middle East and Africa (GCC (Saudi Arabia, the United Arab Emirates, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa and the rest of the Middle East and Africa)

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