Sales Revenue of Shoe Care Market to Rise at 3.7% CAGR by 2025

Persistence Market Research tracks the performance of the global shoe care market across the key geographies of North America, Latin America, Europe, Asia Pacific and MEA. Among all the regions, North America is estimated to account for 35% value share in the global shoe care market by 2025 end followed by Europe at about 29%. Amongst all the regions, APAC is projected to expand at the highest CAGR of 4.3% over the forecast period in the global shoe care market.

A new report published by Persistence Market Research titled “Shoe Care Market: Global Industry Analysis (2012 – 2016) and Forecast (2017 – 2025)” studies the performance of the global shoe care market over an eight year assessment period from 2017 to 2025. The report presents the value forecast of the global shoe care market and provides key insights into the factors driving market growth as well as the factors restricting market growth. The estimates point to a revenue growth from about US$ 5,100 Mn in 2017 to US$ 6,850 Mn by the end of 2025, resulting in a CAGR of 3.7% over the forecast period.

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The report segments the global shoe care market on the basis of product type (chemical, insoles and accessories); on the basis of application (formal, casual, sports, others); and on the basis of sales channel (exclusive, hypermarket, online).

The report profiles some of the leading players operating in the global shoe care market such as S. C. JOHNSON & SON, Payless Holdings, ALLEN EDMONDS, Shinola, Penguin Brands Inc., Salzenbrodt GmbH & Co. KG, Charles Clinkard, Salamander and U.S. Continental Marketing Inc.

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Among the key players profiled, expanding the current product portfolio and introduction of new technologies are the key strategies followed by the leading companies. This trend is expected to continue in the next five years. Most of the global shoe care market players are adopting new product launches as their primary strategy to improve their product offerings.

Another key strategy followed by the top players is partnerships and agreements with other market players. Companies such as S. C. JOHNSON & SON, Payless Holdings and Charles Clinkard are following this strategy.

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