ALBANY, NY, March 24, 2022 (GLOBE NEWSWIRE) — The European footwear market was valued at over US$235.4 billion in 2020. The market is expected to grow at a CAGR of 8.5% during the forecast period, from 2021 to 2031. The European footwear market is expected to cross the US$572.5 billion mark by 2031. Due to the convenience of online shopping, retail on The internet has seen rapid development throughout the COVID-19 situation, and this trend is expected to continue as more people gain access to it. to the Internet. However, in the shoe industry in Europe, fierce rivalry drives companies to introduce new styles and designs. Therefore, experimenting with lightweight materials and lowering the price of the final product are important methods of gaining a competitive advantage over competitors. Shoe manufacturers pay attention to women, children and people with disabilities. Companies collaborate with designers and textile experts to create new styles of shoes that are comfortable, inexpensive and fashionable.

The growth of the European footwear market will likely be fueled by the rapid expansion of mobile shopping apps and e-commerce. Also, people consider internet shopping for discounts and a positive shopping and transaction experience.

Specialty stores in Europe are meeting customer expectations with innovative items and enticing offers, which is expected to drive the European footwear market during the forecast period. Large stores that currently have a small presence are expected to grow over time. Individual merchants and corporate outlets that have strong customer relationships, on the other hand, are likely to increase their shoe sales.

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Key Findings of the Market Report

• Shoe manufacturers are diversifying their product lines for children by including creative designs and unique technologies. Children with disabilities can now wear their shoes hands-free with these ranges of shoes. Shoe manufacturers are also paying attention to the handball sports category as a way to expand their performance range. Consumers and Olympic participants stand to benefit from these carefully developed shoe collections.
• Textile experimentation helps in the development of new shoe models. The expansion of the European textile industry has resulted in an incredible variety of textures and colors in fabrics. Different knits, weaves, fabrics, fibers and weights are all options in textiles. Textiles in footwear have the advantage of being versatile in terms of fashion and pattern.
• The growing demand for stylish yet comfortable footwear coupled with changing lifestyles and increasing consumer disposable income is expected to provide an incredible growth opportunity for the European footwear market.

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Footwear market in Europe: growth drivers

• Customers in Europe have a strong propensity to purchase premium products. The expansion of footwear market is influenced by the availability of limited stock footwear items with premium attributes and brand prospects available on company websites.
• Specialist retailers in Europe are expected to contribute to the development of the footwear industry by responding to customer demands with new items and exciting offers. Large stores with a small presence should grow over time.

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European footwear market: key players

Some of the major players in the market are

• Fal Calzados de Seguridad SA
• William Lamb Shoes Ltd
• G&G Footwear Srl
• Bata Company
• Imac Spa Group
• PUMA SE

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Footwear market in Europe: segmentation

Type

type of material

• Leather
• textiles
• Other Synthetic

Final user

Price

Distribution channel

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