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Shoe Companies In The World 2022 The global footwear market has been growing by leaps and bounds over the past few decades, thanks to the drastic rise in consumer spending patterns and a change in consumer perspective that puts style on the same footing as comfort. Standing on the verge of a retail revolution in a fast-changing retail landscape, major shoe companies are experiencing phenomenal growth in revenues. The global air diorfootwear industry is unlikely to slow down anytime soon, with the global demand for footwear growing at an impressive rate. For the latest footwear market report, including global footwear market size, top shoe companies Global Footwear Market Analysis Considering the booming sales of a wide range of footwear products through both online and offline distribution channels, Technavio’s market analysts have estimated that the footwear market will register revenue of close to $353 billion by 2022, while the global footwear market size has the potential to grow by $42.06 billion during 2020-2024, registering a steady CAGR of over 2% during the forecast period. The demand for premium footwear products is staggering, thanks to the introduction of innovative designs and advanced technical fabrication by the world’s leading shoe companies. This, in turn, is triggering the growth of the global footwear market. Leading footwear companies like Adidas, ASICS, and Nike are best known for their innovative offerings.
According to Technavio’s research, the non-athletic segment will account for the highest growth in the footwear market air diorowing to evolving demands, a growing consumer base of internet sales, and faster shipping services. Consequently, the footwear market is expected to grow at a CAGR of more than 2 % by 2024. Technavio has been closely monitoring the latest footwear market trends to create an in-depth portfolio of footwear market research reports. These reports help our clients identify opportunities within the market and develop effective strategies to optimize their market positions.