Product Innovation and Fashion Trends in Athletic Footwear Propel Global Footwear Market

Transparency Market Research has published a new market report titled “Global Footwear Market –  Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020.” According to the report, the Global Footwear Market was valued at USD 19,8782.9 million in terms of value and 9990.7 million in terms of volume in 2014, which is expected to reach USD 220227.9 million and 10,974.0 million in terms of value and volume respectively by 2020, growing at a CAGR of 1.72% and 1.58% in terms of value and volume respectively from 2014 to 2020.

The global footwear market is driven by factors such as growing demand for new design of footwear and growing awareness about healthy and active life style. Increasing population, propensity of people to spend more and emerging retail outlets have also attributed to the growing demand for footwear across the global market. The global footwear market is also facing some restraints which are slowing down the growth of the global footwear market.  Rising prices of raw material and increasing environmental concerns are the main concerns for the global footwear market. However, there is a wide opportunity in the footwear market such as changing consumers’ lifestyle and fashion trends, emerging role of e-commerce and increasing new brands in the market that would enhance the demand of footwear market in the coming years.

The footwear market has been divided into three segments: by types of footwear, by consumer group, and by geography. Further, the by types of footwear include athletic footwear and non-athletic footwear. The report also offers competitive analysis about sub-segment of athletic footwear and non-athletic footwear. Athletic footwear segment offers products of four categories which include insert shoes, sports shoes, hiking shoes and backpacking boots.

In addition global footwear market is segmented into consumer group including men, women and children. Men accounted for the largest share in the footwear market with 52%, followed by women with 36%, and children with 12% market share globally. This growth is attributed to the increasing global population, which is dominated by the male gender.

Furthermore, the market is segmented on the basis of geographic region, which includes North America, Asia Pacific, Europe, and RoW. Asia Pacific is expected to account for maximum share in term of volume in the overall footwear market; whereas, North America accounts for maximum share in terms of value from 2014 to 2020.

Global Footwear Market, by type:

  • Athletic
  • Non-Athletic

Global Footwear Market, by gender

  • Men
  • Women
  • Kids

Global Footwear Market, by geography

  • North America
  • Europe
  • Asia Pacific
  • RoW
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Rohit Bhisey

An AVP at the Marketing department at Transparency Market Research, Rohit has his fingers firmly placed on the pulse of the business world. He has a keen eye for any new development that could rock our world. He is adept at strategizing to boost web traffic and generate new leads. He is also an expert in Google Analytics, something which he feels could go a long way in getting sites more traction by providing necessary insights. Rohit is a Bachelor in Computer Science from the Pandit Ravishankar Shukla University and takes keen interest in writing news articles on technology, business, and healthcare.

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