Global Footwear Market expected to register a CAGR of 5.5% during the period, 2017–2025

According to a recent report published by Progressive Markets on the semiconductor and electronics sector, which titled, “Global Footwear Market- Size, Trend, Share, Opportunity Analysis & Forecast, 2014-2025”, the industry is expected to register a CAGR of 5.5% during the period, 2017–2025. It suits manufacturers and stakeholders as it offers in-depth analysis of factors that increase or decrease growth of the market.

The research gives a brief introduction of the global footwear market in terms of its scope. The experts summarizes it in reference to significant findings, competitive landscape, market attractiveness, recent developments, and trend analysis. In addition, it incorporates research methodology to understand rivalry in the industry. It is Porter’s Five Forces Analysis (PFFA) which assesses bargaining power of the supplier & buyer and threat from substitutes & new entrepreneurs. It divides the industry into types, mode of sales, end-users, and geographies.

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Based on types, the study splits the global footwear market into non-athletic and athletic. It bifurcates mode of sales into online and retail. Geographically, it segments the market into Europe, North America, Latin America Middle East & Africa (LAMEA), and Asia-Pacific. According to it, the industry finds its end-users in children, women, and men. The research analyzes share of the market by end-users, types, mode of sales, and regions during the period, 2014–2025. It assesses industry size of each end-user, mode of sale, and types by geographies for the historic period and forecast period, 2014–2016 and 2017–2025, respectively. In addition, it evaluates market size of all countries of the industry during historic period and forecast period.
The study discusses big market players of the global footwear market, such as Nike Inc., PUMA, Adidas AG, SKECHERS USA, Inc., GEOX S.p.A, Under Armour, INC., Wolverine World Wide, Inc., Crocs Retail, Inc., Timberland, and ECCO Sko A/S. It offers brief introduction of every manufacturer. Moreover, it examines business and finance segment of each firm. It also evaluates recent advancements made by every company. The experts describe various factors that vendors adopt to evolve market trends. These include product development, acquisition, product approval, and collaboration. The report explores factors that accelerate growth of the industry which include rise in number of outlets. It discusses alternate aspects that propel demand of the industry, such as growth in awareness among world populace regarding fitness and sports.

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The analysts describe features that cause slow progress of the global footwear market, such as rise in environmental concerns. Moreover, the study offers key takeaways of the industry, such as it provides great competitive edge to manufacturers, stakeholders, and new entrants. It provides wide-ranging evaluation of aspects that restrict or drive the industry.

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