ROCKVILLE, Maryland,
April 15, 2019 /PRNewswire/ --
Looking at the present scenario, the global footwear market is
evidently on a rise, fueled progressively by developing consumer
preferences as well as prevailing fashion styles. Furthermore, both
the genders are equally inclined to purchase stylish footwear,
which is acting as a major booster for the footwear market across
developing and developed economies. In order to get fair insight
about the global footwear market, Fact.MR has published a new study
titled "Footwear Market Forecast, Trend Analysis &
Competition Tracking: Global Market insights 2017 to 2022",
which has been posted on its wide online portal. This report is a
precise compilation of research data that focuses on market size
(US$ Mn), Y-o-Y growth along with different market aspects such as
cost structure, supply chain and market dynamics including drivers,
restraints and opportunities.
According to research outcomes, the demand for a variety of new
styles in shoes, particularly for women, has been supporting the
lucrativeness of the footwear market. It has been recorded that
large favorable avenues in the global footwear market are
motivating growth expected at CAGR of 4.5% during the forecast
period, 2017–2022. In addition, the footwear market is anticipated
to acquire value at US$450 billion by
2022-end.
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The report highlights that footwear designers and manufacturers
across the globe are constantly focusing on improving design,
comfort and applicative nature of their products. Hence, there is a
notable emergence of new demographic segments across the global
footwear market. This Fact.MR study quite diligently focuses on
essential market aspects such as geographical revenue share,
product preference and others. Below mentioned are the major
developments which are specifically discoursed in this report:
- Considering the various product types, footwear designated for
casual and occupational purposes are possibly growing as lucrative
segments. It is analyzed that, this segment is expected to acquire
over a fifth of revenue across the overall footwear market.
Furthermore, the development of fresh designs of casual footwear
are likely to allure teenagers.
- The APEJ market for footwear is gaining high-end prominence and
it projected to benefit further due to changing fashion norms. This
report enlightens the readers with precise statistics, that is, 33%
revenue share for fashion footwear attained by the APEJ market.
Interestingly, the specific regional footwear market is likely to
retain its supremacy in the coming years as well.
Browse Full Report on Footwear Market with In-depth TOC-
https://www.factmr.com/report/120/footwear-market
- However, footwear market in Europe is evolving at a higher pace as
compared to APEJ. This prompt growth is attributed to the surging
demand for budget footwear choices. It has been mentioned that
Europe is expected to expand at
5.9% CAGR from 2017 to 2022.
- The comfort provided by online or e-commerce channels to lure
customers has increased over the past few years. It holds great
potential for manufacturers as well as designers to reach out to a
massive global population through the internet. In addition,
favorable product return along with exchange policies declared by
these sites are motivating the footwear market quite
pleasingly.
Finally, the report presents in-depth visions relating to the
competitive landscape prevailing across the global football market.
To be precise, the study sheds light on the level of competition
active among key players in the footwear market. Some of the
leading companies mentioned in the report are Nike, PUMA, Adidas,
Under Armor, ALDO group, Crocs, Deichmann SE and ASICS
Corporation.
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