Global Footwear Manufacturing Machines Market to Garner $23,372.1 Million, by 2025

According to a new report published by Allied Market Research, titled,"Footwear Manufacturing Machines Market by Solution and Machine Type: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"the footwear manufacturing machines market accounted for $16,836.3 million in 2017, and is expected to reach $23,372.1 million by 2025, growing at a CAGR of 4.3% from 2018 to 2025. In 2017, Asia-Pacific dominated the global market, in terms of revenue, accounting for about 82.0% share of the global market, followed by LAMEA.

𝙂𝙚𝙩 𝙞𝙣𝙨𝙞𝙙𝙚 𝙤𝙛 𝙩𝙝𝙚 𝙧𝙚𝙥𝙤𝙧𝙩, 𝙧𝙚𝙦𝙪𝙚𝙨𝙩 𝙛𝙤𝙧 𝙛𝙧𝙚𝙚 𝙨𝙖𝙢𝙥𝙡𝙚: -https://www.alliedmarketresearch.com/request-sample/5150

𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗶𝘇𝗲 𝗮𝗻𝗱 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁

Footwear manufacturing machinery includes machines used for manufacturing & designing shoe upper and insole parts, and it assembles and stabilizes these parts to form a finished shoe product. The demand for footwear production is increasing rapidly, owing to change in lifestyle and fashion trends, which in turn boosts the demand for footwear making machinery. Furthermore, the footwear making machinery simplifies the manufacturing process and increases production capacity utilizing optimized time. These factors are majorly driving the demand for footwear making machinery. However, uncertainty in the manufacturing industry can hamper of growth of the footwear manufacturing machinery.

The product segment secured the highest share of about 86.0% in the footwear manufacturing market in 2017 and is expected to grow at a CAGR of 4.7% during the forecast period. In terms of machine type, semi-automatic machines are expected to account for the highest market share in the coming years, as production capacity of these machines is higher than manual machines, which reduces labor cost, and improves product quality.

𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗢𝘂𝘁𝗹𝗼𝗼𝗸

Asia-Pacific secured the highest market share in 2017, owing to wide presence of key footwear manufacturing companies. Moreover, most of the key footwear making machines manufacturers are located in Taiwan. Furthermore, the countries such as China and India are growing rapidly in the footwear manufacturing industry, which is increasing demand for footwear manufacturing machines in region.

𝙈𝙖𝙠𝙚 𝙖 𝙋𝙪𝙧𝙘𝙝𝙖𝙨𝙚 𝙄𝙣𝙦𝙪𝙞𝙧𝙮: - https://www.alliedmarketresearch.com/purchase-enquiry/5150

Key Findings of the footwear manufacturing machinery market:
In 2017, the product segment dominated the global footwear manufacturing machines market, in terms of revenue, and is projected to grow at a CAGR of 4.7% during the forecast period
The service segment is projected to grow at a CAGR of 1.2% during the forecast period
Asia-Pacific is projected as one of the most dominant regions in the footwear manufacturing market and is expected to witness notable growth rate.

𝗧𝗵𝗲 𝗞𝗲𝘆 𝗣𝗹𝗮𝘆𝗲𝗿𝘀

The Major Players, such as

ALC Tecnologie Adesive S.r.l.,

Atom S.p.A,

Brustia Alfameccanica S.r.l.,

Comec,

Comelz S.p.A,

Dongguan Kingstone Shoe-making Machinery Co. Ltd.,

Elitron IPM S.r.l.,

Kou Yi Iron Works Co., Ltd.,

Orisol Taiwan Ltd.,

True Ten Industrial Co., Ltd.,

𝙏𝙤 𝙋𝙪𝙧𝙘𝙝𝙖𝙨𝙚 𝙩𝙝𝙞𝙨 𝙋𝙧𝙚𝙢𝙞𝙪𝙢 𝙍𝙚𝙥𝙤𝙧𝙩: - https://www.alliedmarketresearch.com/checkout-final/e6f5fdb102ff11ae9faaaeb263cd6e39

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

This release was published on openPR.