Footwear Market - Asia Pacific Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020

According to a new market report published by Transparency Market Research “FootwearMarket - Asia Pacific Industry Analysis, Size, Share, Growth, Trendsand Forecast 2014 - 2020,” Asia Pacific Footwear market was valued at USD 55,800.0 million in 2013 and is anticipated to reach USD 64,257.3 million by 2020, growing at a CAGR of 2.0% during the forecast period.

The Footwear market in Asia Pacific is primarily driven by changing lifestyles and propensity of people to spend more. In terms of revenue, China among all the Asia Pacific countries has experienced high growth during the forecast period followed by the India and Japan. Trend shows that athletic footwear is in decline across Asia Pacific and consumers favor non-athletic footwear due to change in lifestyle and increasing disposable income of consumers. New footwear styles, more online sales and change in fashion are the major drivers accountable for the growth of footwear market in Asia Pacific.

Browse the full (AP) Footwear Market Report @ :

http://www.transparencymarketresearch.com/asia-pacific-footwear-market.html

The Asia Pacific footwear market is segmented by type into non-athletic footwear and athletic footwear. Demand for non-athletic footwear is anticipated to remain high in the coming years owing to changing lifestyles and propensity of people to spend more. Therefore, this segment is anticipated to be the market leader in the footwear market during the forecast period of 2014 to 2020. The demand for footwear has increased largely due to rising population and the increasing online sales. The market for non-athletic footwear is relatively larger as compared to the athletic footwear market. Non-athletic footwear held highest market revenue share accounting to USD 34136.9 million in 2013 and is anticipated to reach USD 39440.2 million in 2020, growing at a CAGR of 2.1% from 2014 to 2020.

Athletic footwear segment consist of sports (cross training), insert shoe, backpacking boots and. sports (cross training). The market for non-athletic footwear is relatively higher as compared to the athletic footwear. Increasing varieties of products and changes in lifestyle is driving the athletic footwear market. Consumers mostly prefer non-athletic footwear due to increasing disposable income of consumers and changes in fashion. Thus, non-athletic footwear market segment is anticipated to be the market leader in the footwear market during the forecast period of 2014 to 2020.

Browse the full (AP) Footwear Market Press Release @ :

http://www.transparencymarketresearch.com/pressrelease/asia-pacific-footwear-market.htm

The Asia Pacific athletic footwear market by product type is sub categorized into - sports (cross training), insert shoe, backpacking boots and hiking shoes. Non-athletic footwear market is further sub categorized into- fashion footwear, casual footwear and dress/formal.

Geographically, China led the footwear market in 2014 in terms of revenue and the region is anticipated to continue its dominance in 2020. Growing fashion consciousness towards footwear products, increasing purchasing power of population, and product innovation are the major driver driving the footwear market in China.

The report provides company market share analysis of the various industry participants in Asia Pacific which includes Asics Corp, Bata India Ltd and ABC-Mart, Inc among others. In addition, the report also covers the footwear types in Asia Pacific. Key players operating in footwear market have also been profiled on the basis of company overview, business, financial overview, strategies and recent developments. Major market participants profiled in this report includes Asics Corp, Bata India Ltd, ABC-Mart, Li Ning Co Ltd and ANTA Sports Products Limited.

Footwear Market: By country

• China
• India
• Japan
• Thailand
• Singapore
• Australia
• Malaysia
• Rest of Asia Pacific

Footwear Market: By Type

• Athletic Footwear
• Non-athletic Footwear

The report provides a cross-sectional analysis of all the above segments with respect to the following countries:

• China
• India
• Japan
• Thailand
• Singapore
• Australia
• Malaysia
• Rest of Asia Pacific

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