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Footwear Market 2024 : to Surpass USD 725.1 Billion by 2032, Driven by 3D Printing & Customization of Footwear
The footwear market was valued at $409.5 billion in 2022, and is estimated to reach $725.1 billion by 2032, growing at a CAGR of 5.9% from 2023 to 2032.
WILMINGTON, DELAWARE , UNITED STATES, August 22, 2024 /EINPresswire.com/ -- Growing health and fitness awareness among people is boosting the growth of footwear market. Moreover, rise in trend of fitness exercises such as Zumba (a dance form) and Yoga (exercise activity) is generating huge demand for sports shoes among individuals. Rise in number of sport lovers and fan followers of sports such as football, basket balls, and hockey is further creating higher demand for cleats and shoes required for respective sports.
The footwear market was valued at $409.5 billion in 2022, and is estimated to reach $725.1 billion by 2032, growing at a CAGR of 5.9% from 2023 to 2032.
Along with men and women, children nowadays demand for fancy, stylish, colorful, and sports-inspired footwear. Increase in number of children engaged in various sports activities fuels the demand for athletic footwear. This has increased large demand for football, basketball, hockey, tennis, baseball and many other sports footwear among children. Along with sport footwear, stylish sneakers, flip-flops, slip-ons, boots, and casual shoes are witnessing huge demand among children, which drives the growth of the overall market.
๐ ๐๐จ๐ง'๐ญ ๐ฆ๐ข๐ฌ๐ฌ ๐จ๐ฎ๐ญ ๐จ๐ง ๐ฒ๐จ๐ฎ๐ซ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ: https://www.alliedmarketresearch.com/request-sample/697
๐๐๐ฒ ๐๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐ฌ๐ญ๐ฎ๐๐ฒ
By type, the non-athletic segment is estimated to witness significant growth, registering a CAGR of 5.8% during the forecast period.
By material, the non-leather segment is anticipated to grow at a CAGR of 5.8% during the footwear market analysis period..
By end user, the women segment is anticipated to grow at a CAGR of 5.6% during the forecast period.
By distribution channel, the offline stores segment is estimated to witness significant growth, registering a CAGR of 5.8% during the forecast period.
By region, Asia-Pacific was the dominant region in 2021, occupying a major share of the market.
๐๐จ๐ฆ๐ ๐๐ฑ๐๐ฆ๐ฉ๐ฅ๐๐ฌ ๐จ๐ ๐๐ฑ๐ฉ๐๐ง๐ฌ๐ข๐จ๐ง ๐ข๐ง ๐ญ๐ก๐ ๐๐ฅ๐จ๐๐๐ฅ ๐
๐จ๐จ๐ญ๐ฐ๐๐๐ซ ๐๐๐ซ๐ค๐๐ญ
In January 2023, VF Corporation established a new regional office in Harajuku district, Tokyo in order to drive innovative product design and support expanded business growth across Asia-Pacific.
In December 2022, Skechers USA, Inc., established its new flagship store in Grafton Street, Ireland in order to expand its presence in Ireland.
In July 2022, Skechers USA, Inc. opened its new superstore in New Jersey. This new superstore its biggest East Coast retail destination.
In June 2021, ECCO Sko A/S opened four outlet shops across the U.S., in Dolphin Mall, Miami; Opry Mills, Tennessee; Denver, Colorado; and Mebane, North Carolina.
In May 2021, ECCO Sko A/S opened its new flagship shop in Shanghai to expand its customer reach.
๐๐๐ฒ ๐๐๐ง๐๐๐ข๐ญ๐ฌ ๐
๐จ๐ซ ๐๐ญ๐๐ค๐๐ก๐จ๐ฅ๐๐๐ซ๐ฌ
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the footwear market analysis from 2022 to 2032 to identify the prevailing footwear market statistics and opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the footwear market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global footwear market trends, key players, market segments, application areas, and market growth strategies.
๐๐จ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ https://www.alliedmarketresearch.com/purchase-enquiry/697
๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
VF Corporation
Crocs, Inc.
Adidas AG
Nike Inc.
Geox S.p.A.
Skechers USA, Inc.
Wolverine World Wide, Inc.
ECCO Sko A/S
Under Armour, Inc.
Puma SE
๐๐ข๐ฆ๐ข๐ฅ๐๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ข๐ง ๐๐จ๐ง๐ฌ๐ฎ๐ฆ๐๐ซ ๐๐จ๐จ๐๐ฌ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ
๐๐ฎ๐ฑ๐ฎ๐ซ๐ฒ ๐๐๐ซ๐๐ฎ๐ฆ๐ ๐๐๐ซ๐ค๐๐ญ https://www.alliedmarketresearch.com/luxury-perfume-market
๐๐จ๐ข๐ง๐ญ-๐จ๐-๐๐ง๐ญ๐ซ๐ฒ ๐๐๐ญ๐๐ซ ๐๐ซ๐๐๐ญ๐ฆ๐๐ง๐ญ ๐๐ฒ๐ฌ๐ญ๐๐ฆ๐ฌ ๐๐๐ซ๐ค๐๐ญ https://www.alliedmarketresearch.com/water-treatment-systems-point-of-entry-market
David Correa
Allied Market Research
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