The market growth is primarily attributed to high demand for convenient and comfortable footwear. Although the barriers to entry in the sports apparel industry … Textile and clothing sector is one of the oldest industries in India. FOOTWEAR MARKET REVENUE, BY TYPE 2019-2027 ($MILLION)TABLE 24.U.S. In addition, increase in demand for sports shoes and branded footwear among all age groups is expected to boost the demand for sports footwear and branded footwear category products.Consumers are seekingto include sport-styled designs into their everyday wardrobe. It is part of the overall clothing and apparel industry as well, providing consumers with athletic, luxury, and sporting shoes. *Taxes/Fees, if applicable will be added during checkout. Depending on end user, the women segment led in terms of market share in 2019, and is expected to retain its dominance during the forecast period. The global footwear market size was valued at $365.5 billion in 2020, and is estimated to reach $530.3 billion by 2027 with a CAGR of 5.5% from 2020 to 2027. The Indian Leather, Leather Products and Footwear Industry holds a prominent place in the Indian economy. T&C*. : NET SALES, 2016–2018 ($MILLION)FIGURE 59.NIKE. In today’s guest post, Embodee takes stock of the growing popularity of online product customization, focusing in particular on the apparel and footwear industry. Key factors that are driving the market growth include the rising popularity of leather shoes and increasing adoption of footwear made from sustainable materials. The footwear market projected to grow with 5.5% in the forecast period (2020-2027). A. Rapid urbanization, demographics changes along with increase in demand of middle class population,and surge in disposable income fuel the growth of the footwear market. 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The industry also employs ov… Please fill out the form below for a free PDF report sample & FOOTWEAR MARKET REVENUE, 2019-2027 ($MILLION)FIGURE 30.CANADA FOOTWEAR MARKET REVENUE, 2019-2027 ($MILLION)FIGURE 31.MEXICO FOOTWEAR MARKET REVENUE, 2019-2027 ($MILLION)FIGURE 32.UK FOOTWEAR MARKET REVENUE, 2019-2027 ($MILLION)FIGURE 33.GERMANY FOOTWEAR MARKET REVENUE, 2019-2027 ($MILLION)FIGURE 34.FRANCE FOOTWEAR MARKET REVENUE, 2019-2027 ($MILLION)FIGURE 35.ITALY FOOTWEAR MARKET REVENUE, 2019-2027 ($MILLION)FIGURE 36.SPAIN FOOTWEAR MARKET REVENUE, 2019-2027 ($MILLION)FIGURE 37.REST OF EUROPE FOOTWEAR MARKET REVENUE, 2019-2027 ($MILLION)FIGURE 38.CHINA FOOTWEAR MARKET REVENUE, 2019-2027 ($MILLION)FIGURE 39.JAPAN FOOTWEAR MARKET REVENUE, 2019-2027 ($MILLION)FIGURE 40.INDIA FOOTWEAR MARKET REVENUE, 2019-2027 ($MILLION)FIGURE 41.AUSTRALIA AND NEW ZEALAND FOOTWEAR MARKET REVENUE, 2019-2027 ($MILLION)FIGURE 42.ASEAN FOOTWEAR MARKET REVENUE, 2019-2027 ($MILLION)FIGURE 43.REST OF ASIA-PACIFIC FOOTWEAR MARKET REVENUE, 2019-2027 ($MILLION)FIGURE 44.LATIN AMERICA FOOTWEAR MARKET REVENUE, 2019-2027 ($MILLION)FIGURE 45.MIDDLE EAST FOOTWEAR MARKET REVENUE, 2019-2027 ($MILLION)FIGURE 46.AFRICA FOOTWEAR MARKET REVENUE, 2019-2027 ($MILLION)FIGURE 47.COMPETITIVE DASHBOARD OF TOP 10 KEY PLAYERSFIGURE 48.PRODUCT MAPPING OF TOP 10 KEY PLAYERSFIGURE 49.COMPETITIVE HEATMAP OF TOP 10 KEY PLAYERSFIGURE 50.TOP WINNING STRATEGIES, BY YEAR, 2016–2019FIGURE 51.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2016–2019*FIGURE 52.TOP WINNING STRATEGIES, BY COMPANY, 2016–2019*FIGURE 53.ADIDAS: NET SALES, 2016–2018 ($MILLION)FIGURE 54.ADIDAS: REVENUE SHARE BY SEGMENT, 2018 (%)FIGURE 55.ADIDAS: REVENUE SHARE BY PRODUCT CATEGORY, 2018 (%)FIGURE 56.ADIDAS: REVENUE SHARE BY REGION, 2018 (%)FIGURE 57.ADIDAS: SWOT ANALYSISFIGURE 58.NIKE. Inviting proposal under promotion of Indian brand in Leather, Footwear and Accessories Sector Public Procurement Order 2017 Public Procurement (Preference to Make in India), Order 2017 - Notifying goods in Leather, Footwear and Accessories Sector in furtherance of the Order On the basis of distribution channel, it is classified into hypermarket/supermarket, specialty stores, brand outlets, online sales channels, and others. 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The clothing, footwear, & accessories industry is anticipated to witness checkered growth throughout 2020, as a result of the unprecedented supply chain disruptions caused by the COVID-19 outbreak worldwide. The footwear industry is currently far from a sustainable industry. The Adidas concept running shoe, named “The Grit,” is composed of Adidas’ Primeknit material, which makes up the sock-like portion of the shoe, and a complex 3D printed lattice sole. Who are the key players in footwear market? However, high prices and significant popularity of footwear brands such as Nike, Adidas, and Puma have led to the advent of counterfeit brands. Nike; Inc.; Adidas AG; LI-NING Company Ltd; Umbro Ltd.; Puma SE; Inc.; Fila; Inc.; Lululemon Athletica Inc.; Under Armour; Columbia Sportswear Company; Anta Sports Products Ltd.; … This has created a demand for footwear among all age groups, thereby fostering the footwear market size. On the basis of end user, the footwear market is divided into men, women, and children categories. Presented bellow is an overview of the athletic footwear industry, including dynamics, dominant economic features and important strategic trends. Footwear industry is experiencing a speedy expansion, owing to rise in demand for trendy and comfortable footwear among all age groups. China and India are emerging markets in this market. Increase in number of working women worldwide has augmented the demand of trendy and stylish footwear, which can be used for formal as well as casual occasions. Moreover, consumers can compare different products and brands on e-commerce platforms. … Moreover, companies are focusing on a few key parameters, such as innovative designs, product developments, and advanced technical fabrications, to boost the product sales. Major players, such as Nike, use eco-friendly raw materials, including recycled car tires, recycled carpet padding, organic cotton, and vegetable-dyed leathers for producing footwear. Consumers consider comfort as an important parameter while choosing appropriate footwear. Our team is diligently working towards accounting these factors in our report with the aim of providing you with the up-to-date, actionable market information and projections. However, the industry is likely to recover over the forecast timeframe, given the rising popularity of online/e-commerce sales. The expected decline in the global sales of clothing, footwear, & accessories is attributable to massive supply chain disruptions across significant export markets, including China and India. Thus, athletic segment is expected to register the fastest CAGR of 4.4% from 2019 to 2025. REVENUE SHARE BY SEGMENT, 2018 (%)FIGURE 60.NIKE. Smart footwear are the latest footwear market trends. All Rights Reserved, Author(s) : Nitesh Chouhan, Himanshu Vig , Roshan Desmukh, 3.2.1.Moderate bargaining power of suppliers, 3.1.2.1.Availability of counterfeit products, 3.1.3.1.Rise in demand for fancy yet comfortable footwear, 4.2.1.Key market trends, growth factors, and opportunities, 4.3.1.Key market trends, growth factors, and opportunities, 5.2.1.Key market trends, growth factors, and opportunities, 5.3.1.Key market trends, growth factors, and opportunities, 6.2.1.Key market trends, growth factors, and opportunities, 6.3.1.Key market trends, growth factors, and opportunities, 6.4.1.Key market trends, growth factors, and opportunities, 7.2.1.Key market trends, growth factors, and opportunities, 7.3.1.Key market trends, growth factors, and opportunities, 7.4.1.Key market trends, growth factors, and opportunities, 7.5.1.Key market trends, growth factors, and opportunities, 7.6.1.Key market trends, growth factors, and opportunities, 8.2.1.Key market trends, growth factors, and opportunities, 8.2.6.1.1.Market size and forecast, by type, 8.2.6.2.1.Market size and forecast, by type, 8.2.6.3.1.Market size and forecast, by type, 8.3.1.Key market trends, growth factors, and opportunities, 8.3.6.1.1.Market size and forecast, by type, 8.3.6.2.1.Market size and forecast, by type, 8.3.6.4.1.Market size and forecast, by type, 8.3.6.5.1.Market size and forecast, by type, 8.3.6.6.1.Market size and forecast, by type, 8.3.6.7.1.Market size and forecast, by type, 8.4.1.Key market trends, growth factors, and opportunities, 8.4.6.1.1.Market size and forecast, by type, 8.4.6.2.1.Market size and forecast, by type, 8.4.6.3.1.Market size and forecast, by type, 8.4.6.4.1.Market size and forecast, by type, 8.4.6.5.1.Market size and forecast, by type, 8.4.6.6.1.Market size and forecast, by type, 8.5.1.Key market trends, growth factors, and opportunities, 8.5.6.1.1.Market size and forecast, by type, 8.5.6.2.1.Market size and forecast, by type, 8.5.6.3.1.Market size and forecast, by type, 10.8.6.SWOT analysis and strategic conclusion, TABLE 01.GLOBAL FOOTWEAR MARKET, BY TYPE, 2019–2027 ($MILLION). Taking this into consideration, most of key players in the footwear market strategize on promoting their products and services on these social media platforms. In addition, some companies offer customized footwear to meet the increasing consumer demand, which is likely to support segment growth. Pandemic disrupted the entire world and affected many industries. Under Armour had better-than-expected earnings and sales in Q4 2020, but analysts remain conflicted if this is an indication of recovery. Region wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, Australia & New Zealand, ASEAN and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). A. Asia Pacific is projected to be the fastest-growing, as well as largest, regional market from2019 to 2025. 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