GCC Footwear Market Size, Industry Analysis, Growth Opportunities, and Forecast - 2028

The latest report by IMARC Group, titled "GCC Footwear Market:  Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on the GCC footwear market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

Market Size, CAGR and Froecast Value: 2023-2028

The GCC footwear market size reached US$ 4.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.9 Billion by 2028, exhibiting a growth rate (CAGR) of 4.11% during 2023-2028.

Footwear is essential for ensuring comfort and protection to the feet. It encompasses a range of options, including shoes, boots, sandals, and slippers, and is crafted from a diverse array of materials, such as wood, canvas, leather, jute, plastics, and rubber. The primary function of footwear products is to safeguard the feet and provide necessary support during walking and other activities. They serve as a means of expressing personal style and making a fashion statement. Footwear items can even cater to various activities, both athletic and non-athletic, such as running, hiking, and work-related tasks. Consequently, they are extensively utilized across GCC.

Report Sample: https://www.imarcgroup.com/gcc-footwear-market/requestsample

GCC Footwear Market Growth Driveres and Trends: 

The GCC footwear market is primarily driven by the growing specialized leather processing hub, resulting in increased production and exports of leather-based footwear. Additionally, the inflating purchasing power of consumers in GCC countries that has led to a preference for premium footwear that reflects their social status is acting as another significant growth-inducing factor. In line with this, the launch of multiple luxury footwear brands that have established a substantial presence in the country is further catalyzing the market growth.

Moreover, the expanding expatriate population that has led to shifting aesthetic preferences among consumers is also positively influencing the market across GCC. Besides this, the escalating accessibility of footwear products, which has been greatly facilitated by the proliferation of online retail channels, making it easier for consumers to purchase their desired footwear products, and the rising expenditure in promotional and advertisement campaigns by leading market players are expected to bolster GCC footwear market over the forecasted period.

What is included in market segmentation?

The report has segmented the market into the following categories:

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 Country:

• Saudi Arabia
• UAE
• Qatar
• Oman
• Kuwait
• Bahrain

Speak to Analyst: https://www.imarcgroup.com/request?type=report&id=2912&flag=C

Key Highlights of the Report:

Key Highlights of the Report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• 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.

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About US:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.