Footwear Market is Poised for Growth with a 5.3% CAGR Until 2027

MarkNtel Advisors who is leading market research company, has recently published a research report, titled Global “Footwear Market”. The report is estimated historical data, base year and forecast period and the projections are made for the next five years, i.e., 2022-27. The data, facts, and figures are sourced from reliable platforms, including government portals, white papers, and others.

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Market Study Period

Historical Data: 2017-20

Base Year: 2021

Forecast Period: 2022-27

CAGR (2022-2027): 5.3%

Global Footwear Market Insights:

The Global Footwear Market is projected to grow at a CAGR of around 5.3% during the forecast period, i.e., 2022-27. The report covers each and every aspect of the market in detail, offering actionable insights to the stakeholders. We extensively cover key trends, opportunities, possible challenges, and major growth drivers for the industry. The report also highlights the role and involvement of governments and other relevant factors that promote market growth.

Global Footwear Market Drivers:

Growing Health Concerns & Rapid Expansion of the E-commerce Sector – The rapidly expanding e-commerce sector, the growing penetration of smartphones, and the mounting health concerns over sedentary lifestyles are the prime aspects driving the Global Footwear Market. Benefits like easy comparison & quick delivery are infusing online footwear sales worldwide. Furthermore, the celebrity influence, i.e., attracting a wider consumer base, is also expected to boost the global footwear industry during 2022-27.

Explore the Complete Footwear Market Analysis Report – https://www.marknteladvisors.com/research-library/footwear-market.html

Which segments are covered in the Footwear Market Research Report?

  • By Product Type
    • Athletic
    • Non-Athletic
  • By Material
    • Leather
    • Non-Leather
      • Rubber
      • Plastic
      • Fabric
      • Others
    • By End-User
      • Men
      • Women
      • Children
    • By Sales Channel
      • Online
      • Offline
    • By Region
      • North America
      • South America
      • Europe
      • Middle East & Africa
      • Asia-Pacific

Top 10 Key Brands/Players in the Footwear Market

Our analysts have closely analyzed leading players within the industry, providing stakeholders with valuable insights into the competitive landscape. This enables them to formulate strategic tactics based on the comprehensive data compiled in the report. The information encompasses recent developments, mergers and acquisitions, product/service launches, expansion plans, and revenue-generating opportunities. Notable entities featured in the report include:

  • Adidas AG
  • Asics Corp.
  • Authentic Brands Group LLC (Reebok International Limited)
  • Bata Corporation
  • Columbia Sportswear
  • Deichmann SE
  • ECCO Sko A/S
  • Fila Holdings Corp.
  • Geox
  • Jack Wolfskin
  • New Balance
  • Nike Inc.
  • Puma SE
  • Relaxo Footwears Limited
  • Skechers USA, Inc.
  • The ALDO Group
  • Timberland
  • Under Armour, Inc.
  • Wolverine World Wide, Inc.
  • Others

For a Customized Analysis Report, Just Drop Your Inquiry Here – https://www.marknteladvisors.com/query/request-customization/footwear-market.html

Frequently Asked Questions

  1. Which companies dominate the Footwear Market in terms of market share?
  2. What is the projected market size of Footwear Market in 2027?
  3. What key factor is anticipated to propel the Footwear Market by 2027?
  4. How big is the Footwear Market?

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