DUBLIN–(BUSINESS WIRE)–The “Footwear – Global Market Trajectory and Analysis” report has been added to from ResearchAndMarkets.com offer.

The global footwear market will reach $440 billion by 2026

The global footwear market, estimated at US$384.2 billion in 2020, is expected to reach a revised size of US$440 billion by 2026, growing at a CAGR of 2.3% over the period. to analyse.

Casual shoes, one of the segments analyzed in the report, is expected to grow at a CAGR of 2.6% to reach US$213.3 billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the sports shoes segment is readjusted to a revised CAGR of 1.9% for the next 7-year period. This segment currently represents a 37.6% share of the global footwear market.

China, India, Brazil, Italy, Vietnam, Indonesia, Mexico, Thailand, Turkey and Spain are the main footwear producers, while the United States, Japan, Germany, the United Kingdom, France and Italy are the main consumers and importers of footwear. Korean and Taiwanese shoemakers are the forgotten ones that once dominated the global production scene.

The US market is estimated at $105.8 billion in 2021, while China is expected to reach $80.9 billion by 2026

The footwear market in the United States is estimated to be worth US$105.8 billion in 2021. The country currently accounts for a 27.14% share of the global market. China, the world’s second largest economy, is expected to reach an estimated market size of US$80.9 billion in 2026 growing at a CAGR of 3.6% over the analysis period.

In addition to being a lucrative market for non-athletic footwear, China is also emerging as a robust market for athletic footwear, primarily due to regulatory initiatives relating to national fitness and exercise programs, at the rapid rate of urbanization, rising per capita incomes, international sporting events held in the country and increased participation in recreational sports, among other factors.

Other notable geographic markets include Japan and Canada, each forecasting growth of 1.5% and 1.8% respectively over the analysis period. In Europe, Germany is expected to grow at a CAGR of around 1.8%, while the rest of the European market (as defined in the study) will reach US$83.8 billion by the end of the year. analysis period.

Growth in these regional markets has been and continues to be driven by the fact that footwear is increasingly seen as a fashion accessory by many, and also due to strong demand for innovative and original footwear. The increasing adoption of comfortable and fashionable footwear by consumers of various age groups is also driving demand in these markets.

Growing interest and participation in various sports and changing lifestyles are driving the adoption of athletic footwear even among people who are not sports oriented. In recent years, interest in fitness and health-related activities has increased among customers. This is driving the demand for innovative and technically advanced sportswear. Several international brands have incorporated sportswear and fashion wear to attract customers.

Outdoor/Rugged Footwear Segment to Reach $27 Billion by 2026

Outdoor/rugged shoes are specifically designed for high performance outdoor activities such as trekking; trail running, kayaking, mountaineering, climbing and others. They incorporate high-quality materials to combat extreme climates and meet various traction requirements, unlike everyday outdoor casual shoes. In the global Outdoor/Rugged segment, the United States, Canada, Japan, China and Europe will drive the estimated CAGR of 2.6% for this segment.

These regional markets representing a combined market size of US$17.4 billion in 2020 will reach a projected size of US$20.8 billion by the end of the analysis period. China will remain among the fastest growing markets in this group of regional markets.

Led by countries such as Australia, India, and South Korea, the Asia-Pacific market is expected to reach US$3.4 billion by 2026, while Latin America will grow to a CAGR of 2.8% over the analysis period.

Main topics covered:

I. METHODOLOGY

II. ABSTRACT

1. MARKET OVERVIEW

• Overview of the influencer market

• Global Market Trajectories

• Impact of Covid-19 and a looming global recession

• An introduction to the footwear market

• Footwear: current market scenario and outlook

• While developed regions remain the main sources of revenue, developing regions emerge as fast-growing markets

• China remains the largest production base

• Proximity plays a key role in setting up manufacturing operations

• Socio-economic and demographic trends favor growth

• Stable economy

• Urbanization: a megatrend with important implications for the footwear market

• Growing affluence from a growing middle-class population

• Rising standard of living and changing lifestyle trends

• Competitive landscape

• Footwear market: characterized by intense competition

• Sports shoes segment

• Nike: go strong

• adidas: the closest competitor

• Puma stays in the race

• casual shoes market

• Outsourcing: key business strategy for major shoe brands

• Companies consider other outsourcing destinations beyond China

• Pricing: Key competitive parameter

• Cross-industry forays are on the rise, raising levels of competition

• Recent market activity

2. FOCUS ON SELECT PLAYERS (Total 470 Featured)

• adidas S.A.

• Reebok International Limited

• ANTA Sports Products Limited

• ASICS Company

• Bata

• Bata India Ltd.

• wedges

• Deckers Brands

• ECCO Sko A/S

• Feng Tay Enterprises Co., Ltd.

• Spa Geox

• Gucci Group S.A.

• Kenneth Cole Productions, Inc.

• LaCrosse Footwear, Inc.

• Nike Inc.

• Nine West

• Power Athletics Limited

• Puma SE

• R. G. Barry Company

• Timberland LLC

• Vans, Inc.

• Weyco Group Inc.

• Wolverine World Wide, Inc.

3. MARKET TRENDS AND DRIVERS

• Analyze sports shoe trends

• The demand for sports shoes is increasing

• Fashion statements trump brand aspirations

• Sports shoes: a gift for all occasions

• Growing demand for sneakers

• Get high on the basketball

• Running shoes – Leader among the category of sports shoes

• Women’s Footwear – An Aggressive Growth Segment

• Tennis shoes attract attention

• Trekking shoes – Going on an uphill trip

• Cross Trainers – More and more designed for the outdoors

• Skate Shoes Market: An Overview

• Short delivery times mean success in a dynamic market

• Efforts to stimulate demand

• Competition from designer brands

• The license needs a shot in the arm

• Growing sophistication of manufacturing technologies

• Acceleration of online sales

• Changing Brand Loyalty – A Major Concern!

• Non-athletic shoes: noteworthy trends

• Eco-Friendly Footwear: Future Directions

• Emergence of new design themes

• Follow the evolution of fashion trends

• Men’s shoes – Make a style statement

• Changing customer preferences

• Fashion and comfort: Top on the women’s shopping list

• Multifunctional shoes are gaining popularity

• Innovations in footwear components

• Affordable Luxury – Not Just an Oxymoron in the Footwear Space

• Luxury shoe designers are gaining popularity

• Growing popularity of private labels

• Outdoor footwear diversifies

• Safety Shoes – A Review

• Innovations in the footwear industry

• Technological advancements in the footwear industry

• Futuristic Innovative Trends

• Foray of innovative 3D printing technology into the footwear industry

• Smart shoes to transform the footwear industry

• Major Sneaker Innovations in the Footwear Industry

• Select shoe innovations from popular brands

• Consumer knowledge

• Consumerism in the 21st century

• Branding – What the consumer is looking for

• Women’s footwear market

• The issue of replacement

• Teenagers – a key segment

• Kids – New Retailer Favorites

• Baby Boomers – Changing Priorities

• Retail environment

• Logistics

• Retailers under pressure

• Small businesses – The most favored targets

• Shelf presence

• ‘Space Lifting’ Footwear Retail

• E-Commerce: Evolving as a Dynamic Media

• “Proactive” in-store merchandising is gaining momentum

• Point of Sale Data: Understanding Consumer Needs

• huge discount

• Co-Branding: Crucial for the success of POS?

• Manufacturers are changing too

• Sport shoes

• Outdoor/Rugged Footwear

• Casual Shoes

• Dress/Formal Shoes

• shoe accessories

• Select Glossary of Footwear Terminology

4. GLOBAL MARKET OUTLOOK

III. REGIONAL MARKET ANALYSIS

IV. COMPETETION

For more information on this report, visit https://www.researchandmarkets.com/r/8znpiw