6.4 Company Profiles. By sport type, the athletic footwear market is segmented into tennis, basketball, running, cricket, and others such as swimming, aerobic. Global Athletic Footwear Market is expected to reach $114.8 billion by 2022, growing at a CAGR of 2.1% during the forecast period 2016 - 2022. According to the research report, ” Global Athletic Footwear Market is expected to grow at a CAGR of 3.5% and is anticipated to reach around USD 120,000 Million by 2026. US Footwear Market Share (in %) by Company: 2020 & 2025 Market Analytics Table 34: United States Footwear Market Estimates and Projections in US$ … Operating Conditions . Our support available to help you 24 hours a day, five days a week. This website is secure and your personal details are safe. Explore purchase options. Addition or alteration to country; regional & segment scope. Moreover, increasing. The study offers a basic overview of the market share of Athletic Footwear, the competitive segment with a fundamental introduction of key suppliers, leading regions, types of products and end industries. will also drive Footwear industry growth. Major Companies. The proliferation of smartphones, e-commerce, and mobile Internet connectivity is also propelling the retail sales of footwear all across the world. In 2017, Asia Pacific led the athletic footwear market and is estimated to be the fastest growing region between 2018 and 2026. Copyright © 2020 Grand View Research, Inc. All rights reserved. 2019 - 2025. The global footwear market is projected to witness a CAGR of 3.54% during the forecast period (2020-2025). Footwear Market Share Current and Future Industry Trends, 2020-2025 . In terms of revenue, North America is holding approximately 33% of the global footwear market share. Bright Idea Design Studio, Inc., Explicit Shoes Inc., and Simply Feet are some of the major U.S.-based customized footwear suppliers. US Footwear Market Share (in %) by Company: 2020 & 2025 Market Analytics Table 34: United States Footwear Market Estimates and Projections in US$ … Barriers to Entry. Europe is projected to be the second largest market over the forecast period owing to high consumer purchasing power and expenditure on personal grooming and appearance. This is observed among all age groups, but particularly so among the millennials and Generation Z. Leather footwear is widely considered as a premium product and it occupies a significant share of the market. To understand geography trends, Download Sample Report. Privacy Policy. Nike's market share of the athletic footwear market stood at 22.9 percent in 2015. 2015 - 2017 . Prominent companies are relocating as well as setting up new factories in Indonesia and Vietnam due to potential growth opportunities. The global footwear market report begins with an executive summary for various categories and their share in the footwear market. Base year for estimation. The Global Footwear Market is rising exponentially as footwear has increasingly become a fashion accessory. Grand View Research is registered in the State of California at Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105, United States. Footwear Market size is forecast to grow by $-27.35 billion during 2020-2024 at a CAGR of -2% with Non-athletic footwear|Athletic footwear having largest market share.footwear analysis indicates that Design and material innovations leading to product premiumization will drive market growth. Footwear Market Key Players Perspective: In 2018, North America led the footwear market with a regional share of 36%. Technology & Systems Revenue Volatility. 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. Get your queries resolved from an industry expert. A demand for trendy, comfortable and fancy footwear is what drives the non-athletic footwear market. The major players in this market are PUMA; Nike Inc.; Crocs, Inc.; Timberland etc. The market growth is primarily attributed to high demand for convenient and comfortable footwear. The major factors driving the segment are increasing spending on fashion and apparels. For the purpose of this study, Grand View Research has segmented the global footwear market report on the basis of type, end user, and region: Type Outlook (Revenue, USD Billion, 2015 - 2025), End User Outlook (Revenue, USD Billion, 2015 - 2025), Regional Outlook (Revenue, USD Billion, 2015 - 2025). 2018. Press release - Facts and Factors - Athletic Footwear Market Share Will Reach to USD 120,000 Million by 2026, Globally: Facts and Factors - published on openPR.com These players are investing more on R&Ds in order to develop new products to increase their market share. The global footwear market size reached a value of almost USD 235.5 billion in the year 2019. This growth is attributed to rising consumer disposable income levels in emerging nations. The footwear market is further expected to grow at a CAGR of 3% between 2020 and 2025 to reach a value of almost USD 281.2 billion by 2025. This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. A demand for trendy, comfortable and fancy footwear is what drives the non-athletic footwear market. Who are the key players in footwear market? The rise in the growth of sports-focused footwear, such as football, cricket, basketball, and golf, coupled with exponential investment by governments and global organizations to promote sports leagues and participation, has been a key driver for the market. The developments in the sports shoes is another key factor enhancing the growth of the market, especially among the premium consumers within the forecast period. The scope of the global footwear market includes segmentation of the market on the basis of type, end user, and distribution channel. Some of the major companies in this market are Nike, Inc.; Adidas America, Inc.; PUMA; Geox S.p.A.; Timberland; Skechers USA, Inc.; Ecco Sko A/S; Crocs Retail, Inc.; Under Armour Inc.; and Wolverine World Wide, Inc. On the basis of type, the market is segmented under athletic footwear and non-athletic footwear. The rising demand for fashionable, trendy, yet comfortable footwear across age groups is a key factor driving the global footwear industry. Phone: +1-631-791-1145 ; Email: sales@imarcgroup.com ; Do you mean . Skip to content. © 2020. Report scope can be customized per your requirements. Further segmentation is done on the basis of end user, which includes men, women, and kids. We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination. In addition, changing consumer behavior and rising disposable income levels, especially in developing countries like China and India, are expected to propel the market growth. Thus, they hamper distribution channels and lead to a negative impact on the entire market. The global athletic footwear market is affected by various changing trends in various regions. Segment by Regions. Asian countries, such as China and India, are the major exporters of leather footwear across developed countries. Competitive Landscape and Sport Footwear Market Share Analysis Sport Footwear market competitive landscape provides details and data information by players. No products in the cart. Which segment accounted for the largest footwear market share? Forecast period. It is followed by the market introduction, market dynamics, and an overview of the global paper footwear market, which includes TMR analysis of the market drivers, restraints, and opportunities that are affecting the growth of the footwear market. All Rights Reserved to Mordor Intelligence. Global Footwear Market Report, Size, Share, Growth, Trends & segmentation By Type, By End User, By Region & forecast 2027. This report provides a historical overview, market dynamics, revenue, cost structure, growth, capacity, and key driver analysis for Athletic Footwear. Global athletic footwear market expected to reach approximately USD 115,620.98 million by 2024, growing at a CAGR of around 3.3% between 2018 and 2024. The latest research report on the Chainsaw Footwear market boasts of an intricate analysis of this business sphere with respect to pivotal parameters such as recent market tendencies, market share, periodic deliverables, and estimated returns over the study timeframe. This report has a service guarantee. 10 Athletic Footwear Market Share by Industry Vertical, 2015 & 2024; 11 Athletic Footwear Market Share by Region, 2015 & 2024; Key Insights Addressed: Defining market size from 2014 to 2015. In addition, some companies offer customized footwear to meet the increasing consumer demand, which is likely to support segment growth. Recreational users are the ones who participate in sports mainly for being physically fit, for enjoyment & entertainment, or to social… Apparel and Footwear Market report covers size, share and forecast (value and volume) by regions, high players, product varieties and applications, with historical knowledge in conjunction with forecast from 2020 to 2026. Footwear Market - Growth, Trends and Forecast (2020-2025). The athletic footwear market is expected to reach US$ 60.5 Bn by 2026 with 5.3% CAGR during the forecast period from 2018 to 2026. On the basis of type, the market has been segmented into athletic and non-athletic footwear. The footwear market has seen a steep rise in the demand for athletic footwear emerging from the lifestyle users, owing to the growing health consciousness. These duplicates often seem to be as good as their doppelganger on initial inspection, but they are not made with similar kind of quality checks adopted by global players. The Footwear market comprises all kinds of shoes which are produced for private end customers, therefore excluding work and safety shoes. No products in the cart. 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. Estimating market growth till 2024 and consequence market forecast. Revenue in the Footwear segment is projected to reach US$101,262m in 2020. 10 Athletic Footwear Market Share by Industry Vertical, 2015 & 2024; 11 Athletic Footwear Market Share by Region, 2015 & 2024; Key Insights Addressed: Defining market size from 2014 to 2015. Growing enthusiasm and awareness regarding the health benefits of sports and fitness activities, flourishing retail e-commerce sector worldwide, and rising levels of disposable income of consumers are the key factors facilitating segment growth. Footwear Market Share Footwear Market – future growth opportunities along with the market strategies of key market by 2020. Press release - Facts and Factors - Athletic Footwear Market Share Will Reach to USD 120,000 Million by 2026, Globally: Facts and Factors - published on openPR.com The global footwear market size was estimated at USD 214.9 billion in 2019 and is expected to reach USD 222.6 billion in 2020. b. Blogs. The Athletic Footwear Market study presents a compilation of market share, demand analysis, and future outlook associated with each segment as well as sub-segment. Regional Market Summary. Footwear Retailing in Australia industry outlook (2020-2025) ... Market Share Concentration. Avail customized purchase options to meet your exact research needs. For instance, ASICS Corp. introduced a shoe GEL cushioning system and flexible digital printed nylon mesh, Gel-Kenun Shinkai. Press Releases . Attribute. Kids Footwear Market Share Insights. Avail customized purchase options to meet your exact research needs: "The quality of research they have done for us has been excellent...". Leather Footwear Market Size, Share & Trends Analysis Report By End User (Male, Female, Kids), By Distribution Channel (Online, Offline), By Region, And Segment Forecasts, 2019 - 2025. However, women end user segment is expected to register the fastest CAGR of 4.3% from 2019 to 2025 due to rising number of working individuals across the globe. 2018. Market representation. Companies launch sports-specific products to increase their customer base. NEW YORK, Aug. 1, 2017 /PRNewswire/ -- Summary UK footwear market is forecast to grow by 13.7% over the next five years to reach £9.5bn in 2022. This influences people to actively take part in both indoor and outdoor physical activities. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. To understand key trends, Download Sample Report. U.S. Office : +1 860 881 2270; Europe Office : +353 1 442 8820; Cart / $ 0.00. The men segment is expected to hold more than 50% of sports footwear market share owing to a large number of male population inclined towards sports and other physical activities. Moreover, consumers can compare different products and brands on e-commerce platforms. Moreover, China, India, and Vietnam are the three largest footwear manufacturers in the region. Request discounts available for Start-Ups & Universities. Also, growing fashion consciousness and innovation in product designs are some other factors driving the growth of the market. It can be reasonably predicted that they will lead the world in developing new footwear, which fulfils both the penchant for design and also a preference for superior quality. 6.4.2 Nike, Inc. 6.4.3 Under Armour Inc. 6.4.4 Puma SE. However, the industry is likely to recover over the forecast timeframe, given the rising popularity of online/e-commerce sales. Global “Military Footwear Market 2020-2025” Research Report categorizes the global Military Footwear by key players, product type, applications and regions,etc. b. By sport type, the athletic footwear market is segmented into tennis, basketball, running, cricket, and others such as swimming, aerobic. Global Footwear market is anticipated to worth USD 207.49 million in 2018, with a CAGR of 3.7% during 2019-2025. By 2023, Global Footwear Market Share Hits Record Value of US $320.44 Billion: Zion Market Research According to the report, the Global footwear market stood at US$ 246.07 billion in 2017. Presence of prominent manufacturers in these countries will fuel the growth further. All interactions are confidential. Leather shoes are considered as premium product and occupy a significant share of the market. Loafers & boat shoes are the major famous types among the consumers especially in the developed economies of Europe and North America. Press Release Footwear Market Size 2020 by Global Growth, Share, Regions, Demand Status, Latest Trends, Insights and Forecast to 2026 Published: Nov. 24, 2020 at 2:08 a.m. Nike recently announced its financial results for Q3 2019, which reported revenue of USD 9.6 billion in Q3 2019, representing a 7% increasing from USD 9 billion in the year-ago period. The key players/brands in the global footwear market are Nike Inc., Adidas AG, Reebok, Puma, Skechers USA, Geox, Under Armour Inc., Timberland, ECCO Sko AS, Timberland, New Balance, BATA, Deichmann SE, The Aldo Group, Jack Wolfskin, Polartec, Columbia Sportswear, and Asics Corp. On the basis of end user, the footwear market is divided into men, women, and children categories. The improving lifestyles of the consumers along with the increasing per capita disposable incomes of the consumers is expected to enhance the sales of footwear … Revenue in the Footwear market is projected to reach US$14,073m in 2020. Design an exclusive study to serve your research needs. Moreover, rising health concerns are dominating individuals to perform outdoor and indoor physical activities. Prominent players in the market, such as Nike Inc., Adidas AG, Skechers USA Inc., and New Balance Athletics Inc., are focusing on developing innovative technologies to increase the stability of sports shoes and make them comfortable. Asia Pacific region accounts to hold the largest share of the global footwear market due to the highest population base, low-cost labor, and a large pool of skilled professionals. Global Footwear Market – Regional Analysis. North America is the second-largest global footwear market with a particular skew toward athletic and sports shoes. It is followed by the market introduction, market dynamics, and an overview of the global paper footwear market, which includes TMR analysis of the market drivers, restraints, and opportunities that are affecting the growth of the footwear market. 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