MarkNtel Advisors recently published a report, titled, ” Global Footwear Market By Product Type (Athletic, Non-Athletic) By Material (Leather, Non-Leather (Rubber, Plastic, Fabric, Others)), By End-User (Men, Women, Children) By Sales Channel (Online, Offline). As per as the report The Global Footwear Market is projected to grow at a CAGR of around 4.3% during the forecast period, i.e., 2024-30.
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Key Trend in the Global Footwear Market
Growing Consumer Inclination toward Sustainable Footwear -Nowadays, most consumers are portraying active interest in adopting sustainable products, mainly due to the mounting concerns over rising carbon emissions worldwide. As a result, the leading manufacturers in the Global Footwear Market are conducting rigorous R&D activities and developing footwear using sustainable sources & recyclable materials to cater to the burgeoning demand for innovative & eco-friendly products. These aspects project lucrative prospects for the growth of the global market through 2030.
Leading Companies in Global Footwear Market:
Adidas AG, Asics Corp., Authentic Brands Group LLC (Reebok International Limited), Bata Corporation, Columbia Sportswear, Deichmann SE, ECCO Sko A/S, Fila Holdings Corp., Geox, Jack Wolfskin, New Balance, Nike Inc., Puma SE, Relaxo Footwears Limited, Skechers USA, Inc., The ALDO Group, Timberland, Under Armour, Inc., Wolverine World Wide, Inc., Others
Global Footwear Market Segmentation:
By Product Type
-Athletic
-Non-Athletic
By Material
-Leather
-Non-Leather
-Rubber
-Plastic
-Fabric
-Others
By End-User
-Men
-Women
-Children
By Sales Channel
-Online
-Offline
Research shows that the Non-Leather material type is the one that dominates the Global Footwear Market. Due to social media and internet, people are more exposed to various kinds of materials used. Non-leather type is very affordable in comparison to leather material. It is more versatile as it is more flexible, waterproof, etc. Footwear used for physical activities like running, playing outdoor games, etc. needs flexibility which leather material cannot provide. It is more easily produced with varied designs and colors which makes it preferable for designing different or personalized footwear.
The durability of some non-leather materials is also very good making them easier to work with. Although leather is seen as a high-durable and premium material, it is not cheap or eco-friendly, in the case of non-leather materials there is a rise in eco-friendly synthetic materials and recycled alternates. Moreover, very little change is seen in the designs of Leather shoes over time. Thus, non-leather footwear has a larger market share and is anticipated to play a main role in the growth & expansion of the Global Footwear Market in the coming years.
According to market research, the men segment currently holds the largest share of the Global Footwear Market, driven by demand for various types of footwear like formal, casual, and sports shoes. Men are more engaged in business and sports activities as compared to women and children. Due to the trend of fitness sports shoes are in high demand and make up a very large portion of the market. Women are also increasingly using footwear driven by the fashion trend. Footwear has various types in the women’s segment like heels, sandals, boots, and athletic shoes.
Get Full Access Of Global Footwear Market Report : https://www.marknteladvisors.com/research-library/footwear-market.html
By Region
-North America
-South America
-Europe
-Middle East & Africa
-Asia-Pacific.
Key questions answered in the Global Footwear Market are:
- What is Global Footwear Market?
- What was the market size in 2023?
- What is the growth rate of the Global Footwear Market?
- Which are the factors expected to drive the market growth?
- What are the different segments of the Global Footwear Market?
- What segments are covered in the Market?
- Who are the key players in the Global Footwear Market?
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