Press release
Top 10 Footwear Companies in the World 2024 | IMARC Group
The IMARC Group's latest research report, titled "๐ ๐จ๐จ๐ญ๐ฐ๐๐๐ซ ๐๐๐ซ๐ค๐๐ญ: ๐๐ฅ๐จ๐๐๐ฅ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ซ๐๐ง๐๐ฌ, ๐๐ก๐๐ซ๐, ๐๐ข๐ณ๐, ๐๐ซ๐จ๐ฐ๐ญ๐ก, ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐๐ง๐ ๐ ๐จ๐ซ๐๐๐๐ฌ๐ญ ๐๐๐4-๐๐32", The global footwear market size reached US$ 243.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 332.3 Billion by 2032, exhibiting a growth rate (CAGR) of 3.4% during 2024-2032.
Factors Affecting the Growth of the Footwear Industry:
โข Technological Innovation:
Technological advancements play a pivotal role in the growth of footwear companies. Innovations in materials and design, such as lightweight, durable fabrics and advanced cushioning technologies, enhance the performance and comfort of footwear. Companies, like Nike and Adidas invest heavily in research and development (R&D) to create cutting-edge products that meet the evolving needs of athletes and casual users alike. In addition to this, advancements in manufacturing processes, like 3D printing, enable more efficient production and the possibility of personalized customization, further appealing to consumers.
โข Changing Consumer Preferences:
The shift in consumer preferences significantly impacts the footwear industry. There's a growing trend towards athleisure and comfortable footwear, spurred by lifestyle changes and a focus on wellness. This trend benefits brands like PUMA and Skechers, known for their stylish yet comfortable shoes. Additionally, sustainability has become increasingly important to consumers. Brands responding to this shift with eco-friendly practices and materials, such as Timberland and Ecco Sko A/S, gain a competitive advantage. The rise of digital marketing and e-commerce also influences consumer behavior, with brands like Crocs Retail, Inc. leveraging online platforms for wider reach and engagement.
โข Globalization:
Globalization is another critical factor driving growth in the footwear industry. Companies are expanding their presence in emerging markets, capitalizing on new consumer segments, and increasing global demand. Brands like Wolverine World Wide, Inc. and Under Armour Inc. are exploring these new markets, offering region-specific products and leveraging local partnerships for distribution. Furthermore, globalization has led to a greater exchange of fashion trends, with styles and innovations quickly spreading across borders. This global interconnectedness allows brands to tap into a diverse consumer base, adapting their strategies to different cultural preferences and market conditions.
๐๐๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ญ: https://www.imarcgroup.com/footwear-market/requestsample
Footwear Market Growth and Development:
The growing emphasis on sustainability represents one of the key factors influencing the growth of the footwear market across the globe. This, coupled with consumers increasingly favoring eco-friendly materials and ethical production practices is driving footwear brands to adopt more sustainable practices, including using recycled materials and minimizing waste.
The rise of athleisure and comfortable footwear is contributing to the growth of the market spurred by lifestyle changes and a focus on health and wellness. Consumers are seeking shoes that combine style with comfort and functionality, which is leading to increased demand for sneakers and sports-inspired footwear. Additionally, the integration of technology in footwear design and manufacturing is gaining momentum. This includes the use of 3D printing for customized fits and smart footwear embedded with sensors for performance tracking. The market is also witnessing a rise in online sales, as digital platforms become a preferred shopping channel, offering convenience, variety, and competitive pricing.
๐๐ฌ๐ค ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ ๐๐จ๐ซ ๐๐ง๐ฌ๐ญ๐๐ง๐ญ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ ๐๐ง๐ ๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐๐๐ & ๐๐ข๐ฌ๐ญ ๐จ๐ ๐ ๐ข๐ ๐ฎ๐ซ๐: https://www.imarcgroup.com/request?type=report&id=1313&flag=C
๐๐ข๐ฌ๐ญ ๐จ๐ ๐๐จ๐ฉ ๐ ๐จ๐จ๐ญ๐ฐ๐๐๐ซ ๐๐๐ง๐ฎ๐๐๐๐ญ๐ฎ๐ซ๐๐ซ๐ฌ ๐๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐:
1. Nike Incorporation
Establishment: 1964
Headquarters: Beaverton, United States
2. Adidas AG
Establishment: 1949
Headquarters: Herzogenaurach, Germany
3. PUMA
Establishment: 1948
Headquarters: Herzogenaurach, Germany
4. Geox S.p.A
Establishment: 1995
Headquarters: Montebelluna, Italy
5. Skechers USA, Incorporation
Establishment: 1992
Headquarters: California, United States
6. Crocs Retail, Inc.
Establishment: 2002
Headquarters: Niwot, United States
7. Timberland LLC
Establishment: 1952
Headquarters: Massachusetts, United States
8. Ecco Sko A/S
Establishment: 1963
Headquarters: Bredebro, Southwest Denmark
9. Wolverine World Wide, Inc.
Establishment: 1883
Headquarters: Michigan, United States
10. Under Armour Inc.
Establishment: 1996
Headquarters: Baltimore, United States
Visit Full Blog: https://www.imarcgroup.com/top-companies-footwear-world
Browse More Reports in Other Languages:
โข https://www.imarcgroup.com/report/es/biodegradable-diapers-market
โข https://www.imarcgroup.com/report/ar/biodegradable-diapers-market
โข https://www.imarcgroup.com/report/ja/biodegradable-diapers-market
โข https://www.imarcgroup.com/report/es/biodegradable-food-service-disposables-market
โข https://www.imarcgroup.com/report/ar/biodegradable-food-service-disposables-market
โข https://www.imarcgroup.com/report/ja/biodegradable-food-service-disposables-market
๐๐ฏ๐ผ๐๐ ๐จ๐:
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.
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.
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.
๐๐ผ๐ป๐๐ฎ๐ฐ๐ ๐จ๐ฆ:
IMARC Group
134 N 4th St Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
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