A new Report by Delvens, titled "Footwear Market” offers a comprehensive analysis of the industry, which comprises insights on the Global analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market, the global Footwear Market size was estimated at USD 408.0 billion in 2023 and is projected to reach USD 782.2 billion in 2030 at a CAGR of 6.1% during the forecast to 2030.
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Leather stands out as one of the prominent constituents employed in the initial rendition of footwear. In the manufacturing of footwear products, companies like Nike are incorporating eco-friendly raw materials such as recycled car tires, recycled carpet padding, organic cotton, and vegetable-dyed leather.
Asia pacific to Dominate the Market
· In the year 2022, the market was primarily controlled by the Asia-Pacific region, which acquired a considerable market share of 41.9%.
· The Asia-Pacific market presents a promising potential for enterprises that specialize in the sale of innovative and unique footwear merchandise.
Recent Developments
· 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.
· Skechers USA, Inc., established its new flagship store in Grafton Street, Ireland in order to expand its presence in Ireland.
The prominent players in the Footwear Market:
· Adidas AG
· ASICS Corporation
· Bata
· Reebok International Limited
· ANTA Sports Products Limited
· Bata India Ltd.
· Caleres
· ECCO Sko A/S
· Feng Tay Enterprises Co., Ltd.
· Geox s.p.a
· Deckers Brands
· Kenneth Cole Productions, Inc.
· LaCrosse Footwear, Inc.
· Gucci Group NV
· Nike Inc.
· Nine West
· Puma SE
· RG Barry Corporation
· Power Athletics Limited
· Timberland LLC
· Weyco Group Inc.
· Vans, Inc.
· Wolverine Worldwide, Inc. and More
Key Findings
· On the basis of type, the segment of individuals who do not engage in athletic activities exerted significant influence over the distribution of the Footwear Market Share in the year 2022, capturing more than fifty percent of the market share.
· On the basis of material, in 2022, the non-leather sector exhibited dominance in the market, capturing a majority portion of the market share.
· On the basis of end-user, the market in 2022 was predominantly controlled by the female consumer segment, which managed to accumulate approximately 50% of the overall market share.
· The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. The Asia-Pacific market presents a promising potential for enterprises that specialize in the sale of innovative and unique footwear merchandise.
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