Transparency Market
Research has published a new market report titled “Global
Footwear Market - Industry Analysis, Size, Share, Growth, Trends and
Forecast 2014 - 2020.” According to the report, the Global
Footwear Market was valued at USD 19,8782.9 million in terms of value
and 9990.7 million in terms of volume in 2014, which is expected to
reach USD 220227.9 million and 10,974.0 million in terms of value and
volume respectively by 2020, growing at a CAGR of 1.72% and 1.58% in
terms of value and volume respectively from 2014 to 2020.
The Global
Footwear Market is driven by factors such as growing
demand for new design of footwear and growing awareness about healthy
and active life style. Increasing population, propensity of people to
spend more and emerging retail outlets have also attributed to the
growing demand for footwear across the global market. The global
footwear market is also facing some restraints which are slowing down
the growth of the global footwear market. Rising prices of raw
material and increasing environmental concerns are the main concerns
for the global footwear market. However, there is a wide opportunity
in the footwear market such as changing consumers’ lifestyle and
fashion trends, emerging role of e-commerce and increasing new brands
in the market that would enhance the demand of footwear market in the
coming years.
The global footwear
market has seen diversified trends across different geographic
regions such as North America, Europe, Asia Pacific, and Rest of the
World. The footwear market is expected to see robust growth due to
increase in the number of consumers every year and growing demand for
new design footwear. The market has been divided into three segments:
by types of footwear, by consumer group, and by geography. Types of
footwear include athletic footwear and non-athletic footwear. The
report also offers insights about the sub-segment of athletic
footwear and non-athletic footwear. In addition, the market has been
segmented into consumer group, which includes men, women, and kids.
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Furthermore, the
market is segmented on the basis of geographic region, which includes
North America, Asia Pacific, Europe, and RoW. North America would
account for the maximum share in terms of value in the global
footwear market where as Asia Pacific is expected to maintain the
leading position in terms of volume during the forecast period.
In addition global
footwear market is segmented into consumer group including men, women
and children. Men accounted for the largest share in the footwear
market with 52%, followed by women with 36%, and children with 12%
market share globally. This growth is attributed to the increasing
global population, which is dominated by the male gender.
Some of the top
players in the global footwear market are Nike, Adidas, Ascis, Puma,
VF Corp, Skechers and New Balance among others. At present, among the
top players in the global footwear market, Nike is the leading
footwear company followed by Adidas and Ascis. Nike and Adidas have
the more number of retail outlets, strong distribution channel, and
large customer base globally. Asics and Puma are popular in the
European market where as VF Corp., Skechers, and New Balance are
American companies with strong presence in the American footwear
market.
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About TMR :
Transparency Market Research is a global market intelligence company,
providing global business information reports and services. Our
exclusive blend of quantitative forecasting and trends analysis
provides forward-looking insight for thousands of decision makers.
Our experienced team of Analysts, Researchers, and Consultants, use
proprietary data sources and various tools and techniques to gather,
and analyze information.
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