Global Loafers Market - Industry Trends and Forecast to 2028

Global Loafers Market - Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Loafers Market
Loafers market size is expected to grow at a compound annual growth rate of 4% for the forecast period of 2021 to 2028 and is likely to reach a value of USD 31,000 million by 2028. Loafers market report analyses the growth, which is currently being growing due to the adoption of loafers in aviation industry.

Loafers are kind of footwear which are slipped on to an individual's feet and do not have laces or a fastening system. Most loafers generally have either low or no heels and so these shoes have become a fashionable footwear staple.

The rapid rise in demand for designer footwear is one of the major factors anticipated to drive the loafers market growth rate. Moreover, the rapid transformation in lifestyles and the high demand for luxurious, designer footwear amongst the working-class population are also expected to fuel the growth of the loafers market in the forecast period of 2021 to 2028. Additionally, the rise in the requirements of stylish and comfortable footwear among the middle-aged working population and the increase in the disposable income are also expected to highly impact the growth of the loafers market. While, the increase in the manufacturing of the product and rise in the exports of these products are also amongst the major factors expected to fuel the growth of the loafers market in the above mentioned forecast period.
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