Moda
Global Footwear Market to Exhibit 3.0% CAGR With Changing Lifestyle and Rising Fashion Preference, States TMR
Important players of the global footwear market are Nike Inc., Bata Limited, Puma SE, Adidas AG, Jack Wolfskin, and VF Corp. Few of the leading manufacturing companies are holding a large share, maintaining their brand names through different marketing strategies and advertising both online, and offline. New players are finding it difficult to enter the market since the brand tags and popularity has already created a mindset in people's mind.
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=339
As per the TMR records, the global footwear market is prognosticated to reach a value worth US$278.8 bn by the end of 2025. Earlier the market valuation was US$215.7 bn in 2016, meaning the footwear market gained remarkable growth heights. The forecast period is set from 2017 to 2025 and the CAGR is reported to be 3.0%. Geographically, the footwear market is dominated by North America and segmentation by footwear type is led by the non-athletic footwear category.
Change in lifestyle has given way to different kinds of chronic diseases and obesity problems that are now creating and increasing awareness all over the world. Hence, the world is driving towards a healthy and fit environment which demands physical activities and fitness. Moreover, the rise in the number of sporting events like FIFA World Cup, Asian Games, Cricket World Cup, and Olympics are propelling the demand for sporty footwear for both sports person and their fans. This is considered as one of the major factors boosting market for footwear in the world.
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=339
Non-athletic footwear has more demand during the past couple of years, not only because of comfort level of the user but also the vast availability of all sizes and designs irrespective of age. Trendy, comfortable and fancy footwear all have their own charm as per the user's preference and this is all adding fuel to the overall growth of the footwear market in the long run.
Although market is gaining profits from various brands and their unique product launches every season, smaller companies manufacturing bad quality footwear in the name of popular brands are seen as a negative factor in the market. Imitation of products by local and small players are not only hampering the image name of big brands but also affecting the overall footwear market in negative light.
https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=339
Nevertheless, rise in fashion consciousness and sports enthusiasm is still offering lucrative growth opportunities for the global footwear market in the long run.
The information presented above is based on the findings of a research report, titled, "Footwear Market (Product - Athletic Footwear (Running and Cross Training/Tennis Shoe, Soccer/football Shoe, Golf Shoe, Hiking Shoe, Baseball Shoe) and Non-Athletic Footwear (Casual Footwear, Dress Evening Footwear, Military Boots, Lite Hiking Outdoor Sandal; End Use - Men's Footwear, Women's Footwear, and Kid's Footwear; Material - Rubber and Plastic; Distribution Channel - Online Channel, Shoe Stores, Supermarkets and Hypermarkets, Independent Retail Stores, Textile Retailers, Departmental Stores) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025".
https://www.transparencymarketresearch.com/pressrelease/footwear-market.htm
The global Footwear Market is segmented on the basis of the following categories:
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
sales@transparencymarketresearch.com
: https://www.transparencymarketresearch.com
: https://tmrblog.com/