Footwear Market Size Worth US$ 266.5 Billion by 2024 | CAGR 2.7%

1. Global Footwear Market Research Report and Forecast 2024 Report Edition: 2019 Copyright © IMARC Service Pvt Ltd. All Rights Reserved

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3. Report Description and Highlights Report Description Global Footwear Market Overview: The latest report by IMARC Group, titled “Footwear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, finds that the global footwear market size reached US$ 227.1 Billion in 2018. With the changing aesthetics and fashion trends, the quality and style of footwear have evolved considerably. Nowadays, consumers prefer to purchase footwear with advanced technical fabrications which offer maximum comfort. The significant changes in lifestyles and increase in income levels have further prompted them to buy products that blend fashion with comfort and can be customized according to their preferences. Moreover, the emergence of e-commerce platforms ranging from Amazon to Zappos and Alibaba to Net-a-Porter has facilitated consumers to choose from a variety of footwear available online. Footwear Market Trends One of the key factors driving the global footwear market is continuous innovation and product development by manufacturers. Several footwear technologically advanced, smart shoes to attract consumers. For instance, Nike has launched innovative self-lacing shoes called “HyperAdapt,” which have pressure sensors in the soles. companies are focusing on developing

4. Report Description and Highlights Report Description 186.5 181.2 120.2125.5130.8136.1141.4146.7152.0157.3 175.9 170.6 160 180 165.3 160.0 160 140 140 120 In Billion US$ in Billion US$ 120 100 100 80 80 60 60 40 40 20 20 0 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Moreover, the leading companies have been collaborating with international sports event organizers, such as F1 car racing, Olympics and the FIFA world cup, to promote their brands worldwide. Looking forward, the market value is projected to reach US$ 266.5 Billion by 2024, registering a CAGR of 2.7% during 2019-2024. Request for a free sample report: https://www.imarcgroup.com/footwear-market/requestsample

5. Report Description and Highlights Report Description The shoes can sense when the wearer puts the foot inside the shoe and trigger an algorithm that allows automatic lacing. Similarly, Apple has designed smart shoes that prevent damage to the feet, in turn, helping the wearer to avoid an injury. Besides this, luxury brand Hugo Boss has recently launched vegan pineapple leather shoes for men, whereas other companies have launched sustainable footwear ranging from hay-based sneakers to biodegradable, vegan stilettos. Footwear Market Segmentation: Market Segmentation by Product • • Non-Athletic Footwear Athletic Footwear Based on the product, the market has been segmented as athletic and non-athletic footwear. Non- athletic footwear currently represents the most popular type, holding the largest share. Market Segmentation by End-Use • Men

6. Report Description and Highlights Report Description • • Women Kids Based on the end user, women account for the majority of the overall market share. Other end use segments are men and kids. Market Segmentation by Pricing • • Premium Mass On the basis of the pricing, the market has been segregated into premium and mass products. At present, mass products exhibit a clear dominance in the market. Market Segmentation by Distribution Channel • • • Footwear Specialists Online Sales Supermarkets and Hypermarkets

7. Report Description and Highlights Report Description • • • Departmental Stores Clothing Stores Others The market has also been categorized based on the distribution channel into footwear specialists, supermarkets and hypermarkets, departmental stores, clothing stores, online sales and others. Amongst these, footwear specialists account for the majority of the global market share. Market Segmentation by Region • • • • • North America Europe Asia Pacific Middle East and Africa Latin America Region-wise, Asia Pacific enjoys the leading position in the global footwear market. Other major regions include North America, Europe, Middle East and Africa, and Latin America.

8. Report Description and Highlights Report Description For more information, click here: https://www.imarcgroup.com/footwear-market Market Segmentation by Material • • • • • Rubber Leather Plastic Fabric Others On the basis of the material, leather is the most common material used for making footwear. Some of the other materials are rubber, plastic and fabric. Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players. • • Nike Incorporation Adidas AG

9. Report Description and Highlights Report Description • • • • • • • • • PUMA Geox S.p.A Skechers USA Incorporation Timberland Crocs Retail, Inc. Ecco Sko A/S Wolverine World Wide, Inc. Under Armour Inc. Browse Related Report Top Companies in the Footwear Industry: https://www.imarcgroup.com/top-companies-footwear- industry Largest Companies in the Global Pallet Market: https://www.imarcgroup.com/largest-companies- global-pallet-market

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12. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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