Global Footwear Market: Growth in Consumer Durables & Apparel,Textiles, Apparel & Luxury Goods,Footwear sector with CAGR of 2.05%, Impact of Covid 19 on the Industry and Future Prospects
Posted on Jun 24 2020 11:02 AM
"Global Footwear Market Report analyse Top Manufacturers, Application & Types by Segments and covers all the essential details about the Future Market Developments and prospect during the forecast period. "
Global Footwear Market Report Focuses on the Production Capacity, Industry Chain Structure, and Technical Data. This Report gives complete Overview and Analysis of Market Share, Revenue Growth, Future Opportunities and breakdown of the business trends on each segments of Consumer Durables & Apparel,Textiles, Apparel & Luxury Goods,Footwear Sector. Global Footwear Market is projected to Grow at a CAGR of 2.05% during the forecast period.
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Global Footwear Market: About this market
The footwear offered in the market is made up of various raw materials such as leather, natural rubber, synthetic rubber, ethylene-vinyl acetate (EVA), polyvinyl chloride (PVC), polyurethane (PU), and textiles. Technavio’s footwear market analysis considers sales from both athletic footwear and non-athletic footwear. Our analysis also considers the sales of footwear in Europe, North America, South America, and MEA. In 2020, the non-athletic footwear segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the growing fashion consciousness among consumers and the rising introduction of trendy shoes for men and children will play a significant role in the non-athletic footwear segment to maintain its market position. Also, our global footwear market report also looks at factors such as design and material innovations leading to product premiumization, rising demand for exclusive designer collections, the high influence of celebrity endorsement on customer purchase decisions. However, rising labor cost and fluctuating raw material prices, availability of counterfeit products, stringent government regulations for procurement of raw materials such as leather may hamper the growth of the footwear industry over the forecast period.
Footwear Market Trend, Challenge and Driver: -
Global Footwear Market: Overview
- Rising demand for exclusive designer collections
- Footwear products, such as leather shoes, moccasins, and stilettos for women, that are launched under exclusive designer labels attract consumers across the world. The increasing number of fashion shows, trade exhibitions, and trade fairs motivates the manufacturers of designer collections to launch their new products. This collection of footwear is made of strong materials, which can sustain wear and tear. This demand for exclusive designer collections will lead to the expansion of the global footwear market at a CAGR of over 2% during the forecast period.
- The emergence of smart shoes
- The demand for smart shoes is rising due to the use of wearable devices in sports analytics. The technology and software used in smart shoes are efficient to help in critical decision-making processes while executing different physical activities and participating in sports such as football, tennis, and golf. Smart shoes monitor speed, distance covered, and patterns of executing physical activities. They are also used to monitor the fitness and performance activities of on-field players and athletes. This development is expected to have a positive impact on the overall market growth.
- For the detailed list of factors that will drive the global footwear market during the forecast period 2020-2023, click here.
- With the presence of several major players, the global footwear market is fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading footwear manufacturers, that include adidas AG, ASICS Corp., New Balance Athletics Inc., Nike Inc., PUMA SE, and Skechers USA Inc.
- Also, the footwear market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Porter’s five forces analysis included in the report educates the buyer on the current situations along with anticipated future Footwear market size.
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Key vendors operating in 2020 Footwear market space are-
- adidas AG, ASICS Corp., New Balance Athletics Inc., Nike Inc., PUMA SE, and Skechers USA Inc.
This market research study provides a detailed qualitative and quantitative analysis of the Global Footwear Market 2020-2023. It provides a comprehensive review of major drivers and restraints of the market. Major companies are profiled in this report. Various secondary sources, such as annual reports, industry journals, forums, blogs, paid and free databases to identify and collect information useful for this extensive commercial study of Global Footwear Market 2020-2023 have been used. The primary sources, experts from related industries and suppliers, have been interviewed to obtain and verify critical information as well as to assess the future prospects of Global Footwear Market 2020-2023.
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Following are the objectives of The 2020 Footwear Market Report:
- Highlights key business priorities in order to assist companies to readjust their business strategies.
- The key findings and recommendations highlight crucial progressive Footwear Market Trends Globally, thereby allowing players to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Examine in-depth global Footwear Market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that support commercial interest with respect to products, segmentation and industry verticals.
Table of Contents included in Footwear Market 2020 Report -
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
2.2 Currency conversion rates for US
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: PIPELINE ANALYSIS
PART 05: MARKET SIZING
- Market definition
- Market sizing 2020
- Market size and forecast 2020-2023
PART 06: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- The threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 07: MARKET SEGMENTATION BY PRODUCT
- Market segmentation by product
- Comparison by product
- Market opportunity by product
PART 08: CUSTOMER LANDSCAPE
PART 09: MARKET SEGMENTATION BY TYPE
PART 10: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2020-2023
- Europe - Market size and forecast 2020-2023
- Asia - Market size and forecast 2020-2023
- ROW - Market size and forecast 2020-2023
- Key leading countries
- Market opportunity
PART 11: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
- Landscape disruption
PART 14: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors And Many More Parts Covered.
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