Snapshot The global footwear market is rising expeditiously as footwear is increasingly becoming a fashion accessory.
Footwear industry is growing at a steady pace since the past few years. Analysis of the report includes various types of footwear including athletic and non-athletic shoes used by individuals of all age groups and gender. The rising demand for fancy, trendy yet comfortable footwear among all age groups is a key factor driving the global footwear industry.
The global footwear market is segmented by type of footwear, end users of footwear, various platforms for sale of footwear, material used, and their sales across various geographies. Asian countries, such as China and India are major exporters of leather footwear across developed countries UK and US.
The report explains material used for manufacturing footwear, which includes Footwear retail market in india opportunities and non-leather; and analyzes the market for both types of footwear. Leather footwear are premium products occupying a significant market share in the global market for footwear.
Additionally, rising health concerns are influencing individuals to perform indoor and outdoor physical activities.
This trend has generated a high demand for athletic shoes, in turn increasing the demand for footwear. Over the past decade, the global market for footwear has witnessed a steady growth and is anticipated to continue at the same pace in the years to come. The estimation of global market is based on revenue generated by the sale of footwear across different geographic regions.
Market players are also focusing on expanding their sales channels through different web portals across various regions.
Online platforms for purchase of footwear are gaining steady popularity among teenagers and youths, thereby occupying a significant share among all distribution channels. Presently, manufacturers are focusing on developing and innovating new products, to maintain their market positions.
Leading companies operating in the market, such as Adidas, Timberland, Nike, and ECCO among others are constantly devising new solutions and focusing on providing better services while upgrading the designs of their existing footwear models.
The launch helped the company increase more customers for football shoes manufactured by the company. The shoe industry is set to scale new heights amidst a dynamic competitive landscape.
Additionally, companies are using various platforms, such as Olympic Games, F1 car racing events and are collaborating with international sports platforms in a bid to promote themselves worldwide.
In JulyAdidas collaborated with Manchester United to promote its brand among football teams. This partnership provided necessary platform for Adidas to reinforce their brand image on international sports platform, thereby making considerable additions to their brand.
The key players profiled in this report are Nike Inc. By type, the report segments the market into athletic and non-athletic footwear. Increasing health awareness is generating higher demand for athletic footwear among individuals worldwide.
In addition, changing lifestyles and rising number of working professionals are leading the demand for non-athletic footwear segment. The mode of sale segments the market into retail and online sale. The increasing preferences of consumers towards online medium are driving the sales through online retail websites.
Retail stores offer a superior buying experience to the customers as compared to online sales, thereby acting as the dominant mode of sale segment. By material type, the report segments the market into leather and non-leather footwear, wherein leather footwear occupies larger market share.The footwear market in India, like its international counterpart, has always been broadly classified into three segments, Men’s, Women’s and Kids.
the organised retail in footwear market.
The paper includes growth of retail sector in India, strategies, strength and opportunities of retail stores, retail format in India, recent trends, and opportunities and challenges.
Over the past five years (), the Indian Footwear Retail Market has been growing at a rapid pace. The Indian Footwear retail is the fastest growing sector among other sectors of Indian market and is expected to sustain its growth in the coming years. Clothing & footwear Retailing in South Korea, Market Shares, Summary and Forecasts to Summary "Clothing & footwear Retailing in South Korea, Market Shares, Summary and Forecasts to ", provides data for historic and forecast retail sales, and also includes information on the business environment and country risk related to South Korea retail environment.
Footwear -Industry: Overview The footwear market is a part of retail industry with a global market size of over US$ billion. It is one of the . As per the India Retail Report, India’s total retail market is worth Rs 3,, crore, growing at 18 per cent and is expected to cross Rs 6,, crore by