footwear market size, share and industry trends - 2020
TRANSCRIPT
Footwear Market
Opportunities and Forecasts,2014 – 2021
Introduction To Footwear MarketFootwear Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $371.8 billion by 2020, registering a CAGR of 5.5% during the period 2015 - 2020.The Asia Pacific region is a major exporter of leather footwear to the United States and United Kingdom and ranks as the highest revenue generating region in the footwear market worldwide. The region generated a revenue of $116.9 billion in 2014, and is expected to grow at a CAGR of 4.7% during the forecast period. A global increase in disposable incomes, growing urbanization and changing lifestyles are key factors that boost the growth of the global footwear market.
Athletic and non-athletic are the two major types of footwear, wherein non-athletic footwear holds a larger market share in comparison with athletic footwear. Both the segments would witness growth during the forecast period, on account of the growing consciousness of fitness, which subsequently boosts the market of athletic footwear; and the large demand of non-athletic footwear such as casual shoes, boots, sneakers, slip-ons, flip flops and formal shoes.
The raw materials that are commonly used in the manufacturing of footwear include suede leather, tanned leather, rubber, fur and textile fabrics. Leather footwear accounts for larger market share as compared to the non-leather footwear made of materials such as rubber, textile fabrics and similar others. The United Kingdom and United States are major importers of leather footwear.Presently, retail stores are a significant sales channel for manufacturers, however, with growing e-commerce networks, the online platform would gain popularity over the forecast period.
Read more about this at: https://www.alliedmarketresearch.com/footwear-market
Key Findings of Footwear Market
• Increasing disposable incomes and changing lifestyles are some key factors that influence the market growth over the forecast period (2015 - 2020)
• Leather segment accounted for around 60% of the market in 2014 and would continue to dominate the market throughout the analysis period; Non-leather segment, with relatively smaller market share would witness faster growth during 2015 – 2020
• Asia Pacific accounts for the highest revenue generating region in the global market and would continue to lead the market over the forecast period
Footwear Market Dynamics
Drivers
• Changing lifestyles• Increasing health concerns• Rising number of working professionals• Increasing disposable income in various countries
• Rising number of sports inspired children
Restraints • Rising price of raw material
Opportunities• Rising demand for fancy and comfortable footwear
Footwear Market Key Segments
Key Segments
By Type
By Mode of Sale
By End User
By Material
Footwear Market – By Type
By TypeAthletic
Non - Athletic
Footwear Market – By Mode of Sale
By Mode of Sale
Retail Sales
Online Sales
Footwear Market – By End User
By End User
Men
Women
Children
Footwear Market – By Material
By Material
Leather Non - Leather
Footwear Market – By Geography
North America, Europe, Asia Pacific, LAMEA
Key Players1. Nike Inc.
2. Adidas AG
3. PUMA
4. GEOX S.p.A
5. SKECHERS USA Inc.
6. Under Armour INC.
7. Wolverine World Wide, Inc.
8. Timberland
9. Crocs Retail Inc.
10. ECCO Sko A/S.
“The analysis of footwear market reveals that the segment of women footwear dominated the end- user segment, accounting for 50.5% market share in 2014. The segment would continue to maintain its leading position throughout the forecast period. The segment of children footwear would witness the fastest growth during the forecast period, on account of the large demand for stylish, trendy and fancy footwear for children.”
Gunjan Malani
Follow Us On
Thank You!For More Details
Visit us at
https://www.alliedmarketresearch.com/footwear-market