openPR Logo
Press release

Increasing Demand for Trendy Yet Comfortable Footwear to Set the Tone for Footwear Sales Globally, Says TMR

Due to the presence of a large number of players, the global footwear market demonstrates a highly competitive landscape. To gain an edge in the market, the leading vendors particularly focus on product differentiation and capitalizing on the opportunities in emerging countries. Furthermore, leading companies such as Nike Inc. (U.S.), Adidas AG (Germany), Bata Limited (Canada), Puma SE (Germany), and others are also looking at mergers and acquisitions as one of the key strategies to expand their businesses globally.

Despite growth witnessed by the overall fashion industry being robust, expansion of the footwear market will remain moderate between 2015 and 2023. Transparency Market Research (TMR) however projects the developing economies to exhibit lucrative prospects for the market. Besides this, the globally increasing demand for trendy and comfortable sportswear will boost sales of footwear. Sports activities have significantly increased globally and so has the demand for comfortable footwear. Moreover, a surge in health and fitness activity is also noted. This has compelled leading sports brands to manufacturing technically more sophisticated and innovative footwear.

Footwear Manufacturers Seizing Opportunities in Proliferation of Retail Culture

As per a lead analyst in TMR, “Footwear manufacturers are also expected to capitalize on the increasing retail culture.” “Since consumers are impressed by the diversity and easy availability of footwear, leading companies are seeking to bolster their overall sales by making their products available across the retail chain,” he added. The proliferation of internet retailing is also expected to boost prospects for sale of both non-athletic and athletic footwear.

Get Free Sample Report Copy :
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=339

As per TMR, online retail has emerged as a popular medium for shopping women’s and sports footwear. The exclusive range of products available online are often available at a discounted price. This makes online retail a lucrative channel of sale of footwear.

Due to the presence of a large number of local manufacturers, the production of counterfeit products has emerged as a critical concern in the market. The availability of duplicate products in the market is hampering the distribution channel of genuine producers. Enforcement of intellectual property rights is thus deemed necessary to counter this rising concern.

Nevertheless, with the demand for innovative footwear rising, the market players see lucrative opportunities to gain from in the forthcoming years. The leading enterprises engaged in the manufacture and sale of footwear are also benefitting from the advancements in production processes.

North America and Asia Pacific Emerge as Most Lucrative Regional Markets for Footwear

Regionally, North America, Europe, Asia Pacific, and Rest of the World constitute the most lucrative markets for footwear. Among these regions, North America dominated the global footwear market with a share of 35.64% in terms of revenue in 2014. However, on account of volume Asia Pacific emerged dominant in the market with a share of 40.50% in the same year.

The increasing demand for footwear in the emerging economies such as China and India boosts footwear sales in Asia Pacific. The regional market is also benefited by the urbanization witnessed in Asia Pacific. Besides this, increasing preference for shopping online and the rising disposable income of consumers will bolster sales of footwear in Asia Pacific.

In North America, the market is gaining from the robust development of design and quality of footwear. Furthermore, the rise in internet retailing in developed nations Canada and the U.S. will also propel the market’s growth in North America.

In terms of product type, the non-athletic footwear segment dominant the global market with a share of 52.44% in 2014. The demand for non-athletic footwear rises in response to the launch of new design and shades of footwear in the market. Conversely, the athletic footwear segment is expected to gain from the rising popularity of sports and athletics worldwide.

Based on in-depth research, Transparency Market Research has pegged the overall value of the global footwear market at US$208.72 bn in 2014. Rising at a CAGR of 2.5%, the market is expected to reach US$258.21 bn by the end of 2023.

About Us :

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact Us :-
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Increasing Demand for Trendy Yet Comfortable Footwear to Set the Tone for Footwear Sales Globally, Says TMR here

News-ID: 352999 • Views:

More Releases from Transparency Market Research

Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Study
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Stud …
The global 𝐭𝐢𝐬𝐬𝐮𝐞 𝐛𝐚𝐧𝐤𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 reached a value of US$ 1,056.4 million in 2017 and is projected to nearly triple to US$ 2,903.3 million by 2026, with a robust Compound Annual Growth Rate (CAGR) of approximately 12.0% from 2018 to 2026. Factors such as increasing awareness about tissue donation, technological advancements, and a growing target patient population are anticipated to propel market growth during this period. Moreover, the market is expected
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
This report by Transparency Market Research, Inc. assesses the present state and future growth potential of the global 𝐯𝐚𝐬𝐜𝐮𝐥𝐚𝐫 𝐜𝐥𝐨𝐬𝐮𝐫𝐞 𝐝𝐞𝐯𝐢𝐜𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭. It features a comprehensive executive summary, offering insights into various segments of the market. Additionally, the report provides detailed analysis and data on product, access type, application, end user, and regional segments within the global market. Vascular closure devices is estimated to reach a value of ~US$ 1 Bn
Digital Health Market Estimated at US$ 1.1 Trillion by 2031, TMR Study
Digital Health Market Estimated at US$ 1.1 Trillion by 2031, TMR Study
In 2022, the worldwide 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐇𝐞𝐚𝐥𝐭𝐡 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 garnered a valuation of US$ 382.5 billion. Projections indicate a steady growth trajectory, with a compound annual growth rate (CAGR) of 13.1% anticipated from 2023 to 2031, ultimately culminating in a total valuation of US$ 1.1 trillion by the conclusion of 2031. Market analysts foresee a promising outlook characterized by the burgeoning prevalence of chronic diseases and the increasing adoption of smartphones and internet
Global Data Center Networking Market Set to Surge, Forecasted to Reach US$ 56.3 …
The Data Center Networking Market is poised for remarkable growth, driven by the burgeoning demand for cloud-native applications and the rapid adoption of data center virtualization and cloud computing. With an estimated value of US$20.6 billion in 2021, the market is projected to surge at a robust CAGR of 10.8% from 2022 to 2031, reaching a staggering US$56.3 billion by the end of 2031. Get Sample Copy of This Report at:

All 5 Releases


More Releases for TMR

Tumblers Market 2028 | TMR Research
The tumblers market is expected to set growth straight with rising demand for new attractive designs for liquors including alcoholic, and non-alcoholic in emerging region of Asia pacific. The rising disposable income, increasing access to quality products, and new product launches customised to suit the taste of the region promise major growth for the tumblers market in near future. Download Brochure of This Market Report at - https://www.tmrresearch.com/sample/sample?flag=B&rep_id=6200 Among regions, North America,
TMR Research
Global 3D Animation Market: Snapshot The evolution and introduction of three-dimensional (3D) animation has given the world of animation a new perspective. The process of creating 3D moving images in a digital space through objects or models has given these illusions depth. One of the most fundamental differences between 2D animation and 3D animation is the technique used for creating the images and the way they look. The global 3D animation
TMR
Various strategies are leveraged by success-hungry players in the global hyperbaric oxygen therapy devices market. One of them is the thrust on research and development to come up with new or better products. Their focus is on building cost-effective medical devices that would see greater uptake. Strategic partnerships are also being undertaken by them to diversify product portfolios and gain greater share. Further, companies are shifting their gaze to developing
Monolithic Ceramics Market Analysis : TMR
Transparency Market Research has published a new market report titled “Monolithic Ceramics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global monolithic ceramics market was valued at US$ 19.43 Bn in 2014 and is anticipated to reach US$ 36.64 Bn by 2023, expanding at a CAGR of 7.3% between 2015 and 2023. Request to view Sample Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3158 Monolithic ceramics are
Wax Market Analysis : TMR
A recent research report published by Transparency Market Research projects the global wax market to expand at a CAGR of 2.6% during the period between 2014 and 2020. The report, titled “Wax Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” estimates the global wax market to be worth US$8.98 bn by 2020. The overall market stood at a valuation of US$8.21 bn in 2013
Sulfone Polymers Market Analysis : TMR
Global Sulfone Polymers Market: Snapshot Several grades/varieties of sulfone polymers have gained vast applicability across a number of industries in the past few years. The relatively higher level of resistance wear and corrosion provided by these materials as compared to metals have increased their usage in medical devices and implants. Owing to their high transparency resistance, low weight, and high performance, the demand for sulfone polymers is also rising in the