Footwear market to be driven by growing e-commerce platforms in the forecast period of 2020-2025

by Matt Johnson
Posted: Nov 02, 2020

The new report by Expert Market Research titled, ‘Global Footwear Market Size Report and Forecast 2020-2025?, gives an in-depth analysis of the global footwear market, assessing the market based on its segments like products, materials, distribution channels, pricing, end uses, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

The key highlights of the report include:

Market Overview (2015-2025)

Historical Market Size (2019): USD 235.5 billion
Forecast CAGR (2020-2025): 3%
Forecast Market Size (2025): USD 281.2 billion

Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/footwear-market/requestsample

In combination with product innovation and premiumisation, the global footwear market is being powered by the rising demand for high-quality footwear. The manufacturers’ focus on the production of designs, taking the consumer’s comfort into account, is steadily contributing to the market growth. It has contributed to the introduction of new, convenient, and trendy goods, which have influenced the market positively. Increasing interest in sports and a growing attraction to physical exercises, such as jogging, have positively affected the footwear industry growth. The thriving retail outlets and improved interaction between customers and sales executives are also driving the market growth. In the coming years, the rising e-commerce platforms, offering a wider range of brands and designs, along with providing lucrative discounts to consumers, are expected to aid the market growth significantly.

Industry Definition and Major Segments

Footwear is defined as a product worn to provide feet with comfort and protection. This is made of a wide variety of materials, including leather, linen, jute, plastics, and rubber. The global footwear market is bifurcated on the basis of product into:

Non-Athletic Footwear
Athletic Footwear

Currently, non-athletic footwear represents the most popular type, accounting for the largest share of the market.

Based on the material, the industry is segmented into:

Rubber
Leather
Plastic
Fabric
Others

Leather is the most common material utilised in making footwear.

On the basis of distribution channel, the industry is categorised into:

Footwear Specialists
Online Sales
Supermarkets and Hypermarkets
Departmental Stores
Clothing Stores
Others

Among these, footwear specialists hold the majority of the global market share.

On the basis of pricing, the industry is categorised into:

Premium
Mass

At present, mass products represent a clear dominance in the market.

On the basis of end-uses, the industry is divided into:

Men
Women
Kids

Currently, women represent the leading end use segment in the industry.

The report also covers the regional markets of footwear like:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

The Asia Pacific accounts for the leading market share among other regions.

Market Trends

The growth of the footwear market can be attributed to the high demand for comfortable and convenient shoes. Companies also rely on a couple of key metrics for improving product sales, including innovative designs, product development, as well as advanced technical manufacturing.

Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/footwear-market

Already anticipated to be among the main drivers of the global economy, the fast-expanding e-commerce sector is also expected to drive the forecast market growth for footwear. The growth of the online channel segment is due to the comfortable and hassle-free shopping experience provided by the platforms. In addition, on e-commerce platforms, consumers can compare different products and brands, which is also expected to influence the industry positively.

Key Market Players

The major players in the market are Nike, Inc., Adidas America, Inc., PUMA SE, Skechers USA, Inc., Crocs Retail, LLC, TBL Licensing LLC, and Wolverine World Wide, Inc, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally

At EMR, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture

We also provide state-of-the-art procurement intelligence through our platform, procurementresource.com Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Informes de Expertos, the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Media Contact

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Contact Person: Matt Johnson, Business Consultant

Email: sales@expertmarketresearch.com

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