According to a new
market report published by Transparency Market Research “Footwear
Market - Asia Pacific Industry Analysis, Size, Share, Growth, Trends
and 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.Footwear includes non-athletic and athletic footwear.
Non-athletic footwear can be defined as different kinds of footwear
which can be classified into fashion footwear, dress formal and
casual footwear. Athletic footwear includes all kinds of footwear
designed for physical exercises or for sports purpose. Athletic
footwear includes sports (Cross Training), insert shoes, backpacking
boots for children, men and women, and hiking shoes.
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Research Report of Asia Pacific Footwear Market :
Asia Pacific
footwear market is anticipated to go through several changes such as
new style fashion and variations in different footwear types.
Consumers mainly desire non-athletic footwear due to increasing
disposable income of consumers. Moreover, increasing varieties of
products, rising population, and changing lifestyle are the drivers
contributing to the growth of the footwear market in Asia Pacific.
Non-athletic footwear is estimated to have a stable growth rate
during the forecast period as it is the most commonly used footwear
among users. In addition, increasing purchasing power of population
and growing fashion consciousness towards footwear products are
anticipated to increase the demand for footwear in the major
countries of Asia Pacific including China, India, Japan, Australia,
Singapore, Malaysia, and Thailand among others in the forecast
period.
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Report :
Among different
categories of footwear, non-athletic footwear is expected to have
most major development over the forecast period, as increasing rising
population and changing lifestyle are anticipated to improve the non
athletic footwear market.
The Asia Pacific
footwear market by product type is segmented into non-athletic
footwear and athletic footwear. Non-athletic footwear includes dress
footwear and casual footwear for men, women, and children such as
loafers, pumps, and boots. Athletic footwear includes footwear such
as athletic, sports, and active life style footwear. It also includes
footwear such as house slippers, flip flops, and various type of
formal footwear. In terms of volume, insert shoe held bigger market
share compared to hiking shoes, backpacking boots and sports (cross
training). However, casual footwear held largest market share
compared to fashion footwear and dress/formal. The market size for
non-athletic footwear is larger as compared to the athletic footwear.
Non-athletic footwear is anticipated to dominate the footwear market
during the forecast period from 2014 to 2020.
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Release of Asia Pacific Footwear Market :
The Asia Pacific
footwear market by gender is segmented into kid’s footwear, women
footwear and men footwear. The market for kid’s footwear is
relatively bigger as compared to the men and women footwear. Changing
lifestyles, propensity of people to spend more is driving the market
for kid’s footwear market. In addition, increasing varieties of
products are expected to boost kid’s footwear market in Asia
Pacific.
The report also
offers an understanding of volume (million units) and value (USD
million) of footwear. The study also offers forecast from 2014-2020
and highlights current and future market trends. The report also
offers an understanding of brand shares of footwear in China, India,
Japan, Australia, Singapore, Malaysia, Thailand and Rest of Asia
Pacific.
By country, the
market has been segmented into China, India, Japan, Australia,
Singapore, Malaysia, Thailand and Rest of Asia Pacific. Growing
consumer base are contributing to the increasing demand for footwear
in Asia Pacific during the forecast period. In addition, change in
lifestyle and expansion of shopping centers is also expected to
increase the demand for footwear.
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Moreover, the report
offers the company market share analysis of key players in this
region. The report also offers an understanding of brand shares of
footwear market. The study in product wise division covers
non-athletic shoes and athletic shoes in terms of market size in USD
million and volume in million units.
The key players
operating in footwear market are Asics Corp, Bata India Ltd,
ABC-Mart, Li Ning Co Ltd and ANTA Sports Products Limited among
others.
Footwear Market:
By Type
- Athletic Footwear
- Non-athletic Footwear
Footwear Market:
By country
- China
- India
- Japan
- Thailand
- Singapore
- Australia
- Malaysia
- Rest of Asia Pacific
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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
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is continuously updated and revised by a team of research experts, so
that it always reflects the latest trends and information. With a
broad research and analysis capability, Transparency Market Research
employs rigorous primary and secondary research techniques in
developing distinctive data sets and research material for business
reports.
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