The "Global Footwear Market - Forecasts from 2020 to 2025" report has been added to ResearchAndMarkets.com's offering.
The global footwear market is evaluated at US$204.140 billion for the year 2019 and is estimated to reach US$251.820 by 2025 growing at a CAGR of 3.56%.
Footwear refers to the garments that are worn on feet for protecting and covering the feet while walking from gravels on roads, ground texture, and temperatures among others. These come in numerous types of materials that include plastic, rubber, and fabric among others. The global footwear market is expected to witness a nominal growth throughout the course of the next five years primarily on account of the globally growing demand for footwear due to the growing population. Furthermore, the growing awareness regarding the use of shoes in underdeveloped countries and the growing purchasing power of the people working across these economies is also driving the market growth during the next five years.
Furthermore, the booming fitness trend among the millennials has led to an upsurge in sports activities such as gymming, cycling, aerobics, and others. This, in turn, is driving the demand for lightweight and highly comfortable athletic footwear in both developed and developing economies of the globe. Also, the growing involvement of old aged people in minor outdoor activities such as jogging, cycling, and walking among others has also amplified the demand for athletic footwear during the next five years.
Major market players are also investing heavily in the market in the form of R&D investments, partnerships, and mergers with an aim to gain a competitive edge over other players and expand their market share also shows the potential for the market to witness a decent growth during the forecast period.
Also, major players are taking necessary steps to attract more customers and boost sales such as developments in designs, comfort, and advanced technologies for adding more durability and comfort to the footwear also shows the market growth potential in the coming years. Furthermore, the expansion of distribution channels coupled with the rapid adoption of market players to boost their sales on online sales channels is also one of the major factors supplementing the global footwear market growth throughout the forecast period.
Prominent/major key market players in the global footwear market include Nike Inc., Adidas AG, Puma SE, Skechers USA Inc., Bata Corporation, and Asics among others. The players in the global footwear market are implementing various growth strategies to gain a competitive advantage over its competitors in this market.
Major market players in the market have been covered along with their relative competitive position and strategies and the report also mentions recent deals and investments of different market players over the last few years. The company profiles section details the business overview, financial performance (public companies) for the past few years, key products and services being offered along with the recent deals and investments of these important players in the global footwear market.
Key Topics Covered:
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.4. Industry Value Chain Analysis
5. Global Footwear Market Analysis, by Type
6. Global Footwear Market Analysis, by End-User
7. Global Footwear Market Analysis, by Distribution Channel
8. Global Footwear Market Analysis, by Geography
9. Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. Company Profiles
10.1. Nike, Inc.
10.2. Adidas AG
10.3. Puma SE
10.4. Skechers USA, Inc.
10.5. Bata Corporation
10.6. Under Armour, Inc.
10.8. Geox S.p.a
10.9. Timberland LLC
10.10. ECCO Sko A/S
10.11. Fila Holdings Corp.
10.12. VF Corporation
10.13. New Balance
10.14. Wolverine World Wide, Inc.
10.15. Liberty Shoes Limited
For more information about this report visit https://www.researchandmarkets.com/r/jz5ej6.
View source version on businesswire.com: https://www.businesswire.com/news/home/20201023005451/en/
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