PUBLISHER: TechNavio | PRODUCT CODE: 1151666
PUBLISHER: TechNavio | PRODUCT CODE: 1151666
Technavio has been monitoring the footwear market and is poised to grow by $133.09 bn from 2023-2027, accelerating at a CAGR of 5.69% during the forecast period. Our report on the footwear market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by design and material innovations leading to product premiumization, rising demand for exclusive designer collections, and the high influence of celebrity endorsements on customer purchase decisions.
Technavio's footwear market is segmented as below:
By Product
By End-user
By Distribution Channel
By Geographical Landscape
This study identifies the increasing demand for customized footwear as one of the prime reasons driving the footwear market growth during the next few years. Also, rising demand for footwear made of organic leather and the emergence of smart shoes will lead to sizable demand in the market.
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading footwear market vendors that include Adidas AG, ASICS Corp., Brooks Sports Inc., Burberry Group Plc, Dolce and Gabbana Srl, ECCO USA Inc., FILA Holdings Corp., GEOX Spa, Hermes International SA, Kering SA, Li Ning Co. Ltd., LVMH Moet Hennessy Louis Vuitton SE, New Balance Athletics Inc, Nike Inc., PUMA SE, Skechers USA Inc., Under Armour Inc., VALENTINO Spa, VF Corp., and Wolverine World Wide Inc. Also, the footwear market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
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