Global Footwear Strategic Business Report 2023: Fashion-Statements Override Brand Aspirations

Dublin, May 05, 2023 (GLOBE NEWSWIRE) -- The "Footwear: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Footwear estimated at US$377.7 Billion in the year 2022, is projected to reach a revised size of US$440.1 Billion by 2030, growing at a CAGR of 1.9% over the analysis period 2022-2030.

Casual, one of the segments analyzed in the report, is projected to record a 2.2% CAGR and reach US$208.9 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Athletic segment is readjusted to a revised 1.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $102.9 Billion, While China is Forecast to Grow at 3.3% CAGR

The Footwear market in the U.S. is estimated at US$102.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$82.4 Billion by the year 2030 trailing a CAGR of 3.3% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.1% and 1.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 1.3% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$54.6 Billion by the year 2030.

Select Competitors (Total 610 Featured) -

• adidas AG
• Reebok International Limited
• ANTA Sports Products Limited
• ASICS Corporation
• Bata Corporation
• Bata India Ltd.
• Caleres
• Deckers Brands
• ECCO Sko A/S
• Feng Tay Enterprises Co., Ltd.
• Geox s.p.a
• Gucci Group SpA
• Kenneth Cole Productions, Inc.
• LaCrosse Footwear, Inc.
• Nike Inc.
• Nine West, LLC
• Puma SE
• RG Barry Corporation
• Timberland LLC
• Vans, A VF Company
• Weyco Group Inc.
• Wolverine World Wide, Inc.

What`s New for 2023?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year

Key Attributes:

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Impact of COVID-19 Pandemic and Looming Global Recession
• Year 2021 in Review and Near-term Outlook
• Prolonged Pandemic, Ukraine-Russia Conflict and Ensuing Economic Disruptions Impact Growth Outlook
• World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 through 2023
• Impact of the Pandemic on Footwear Sales
• COVID-19 Impact on the Footwear Market
• COVID-19 Challenges for the Footwear Industry
• Competitive Landscape
• Footwear Market: Characterized by Intense Competition
• Consumer Trends Intensify Competition Among Players
• Athletic Footwear Segment
• Nike: Going Strong
• adidas: The Closest Competitor
• Puma Remains in the Race
• World Sports Shoes Market (2021E): Percentage Breakdown of Value Sales by Company
• Casual Footwear Market
• Outsourcing: Key Business Strategy for Leading Footwear Brands
• Companies Eye Other Outsourcing Destinations beyond China
• Nike's Footwear Sourcing Mix by Distribution Channel: 2022E
• Nike's Footwear Sourcing Mix by Country: 2022E
• adidas Footwear Sourcing by Country: 2022E
• Pricing: Key Parameter in Competition
• Cross Industry Forays Rife, Elevating Competition Levels
• Footwear - Global Key Competitors Percentage Market Share in 2023 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
• Global Market Prospects & Outlook
• Key Market Trends, Drivers and Restraints
• The Pandemic Causes Disruption in the Footwear Market Globally
• Footwear Market in the Post-COVID World
• While Developed Regions Remain Primary Revenue Contributors, Developing Regions Emerge as Fast Growing Markets
• World Footwear Market by Region (2021 & 2027): Percentage Breakdown of Sales for Developed and Developing Regions
• Global Footwear Market - Geographic Regions Ranked by % CAGR (Revenues) for 2020-2027: China, Asia-Pacific, Latin America, Middle East, Africa, Canada, USA, Europe, and Japan
• China Remains the Largest Production Base
• Footwear Production by Country (2020E): Percentage Breakdown by Volume for China, India, Vietnam, Indonesia and Rest of World
• Proximity Playing a Key Role for Setting-Up Manufacturing Operations
• Specter of Far-Reaching Economic Implications of Russia-Ukraine War Hangs in Air
• Skyrocketing Oil Prices: A Fallout of War & Sanctions
• Deteriorating Outlook for Global Economy
• Dent on Economic Growth & Inflationary Stampede
• Brisk Business for Luxury Brands despite Russia-Ukraine War & Production Glitches in Ukraine
• Socio-Economic & Demographic Trends Favor Growth
• Urbanization: A Megatrend with Significant Implications for Footwear Market
• World Urban Population in Thousands: 1950-2050
• Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
• Select Mega-Urban Regions Worldwide (2035*)
• Growing Affluence of Expanding Middle Class Population
• Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
• Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, 2030
• Rising Living Standards & Changing Lifestyle Trends
• An Introduction to Footwear Market
• Recent Market Activity
• Innovations and Advancements
• Select Global Brands

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Scanning the Athletic Footwear Trends
• COVID-19 Dents Sports Footwear Demand
• Social Distancing, Restrictions on Tourism, and Decimated Consumer Confidence Bring Down the Sports Goods and Athletic Footwear Industry During the Peak of Pandemic
• The Worst Affected by the Pandemic, the Struggling Sports Industry Destroys All Hopes for Normalcy for All in the Value Chain: Global Sports Revenues (In US$ Billion) for 2019 and 2020
• Sharp Decline in the Number of Tourists Impacts Sports Tourism Related Retail Trade: Global Number of International Tourist Arrivals at Airports Worldwide (In Million) for the Years 2019 & 2020
• Demand for Athletic Shoes to Surge
• Participation in Sports & Fitness Activities Favors Growth in Athletic Footwear Market: Average % of Americans Engaged in Sports & Fitness Activity Each Day for 2010, 2014 and 2019
• Fitness Routine Changes of People as a Result of COVID-19 Outbreak
• Fashion-Statements Override Brand Aspirations
• Athletic Footwear: A Gift for All Occasions
• Rising Demand for Sneakers
• Riding High on Basketball
• Running Shoes - Leader amongst the Athletic Footwear Category
• Female Footwear - An Aggressive Growth Segment
• Tennis Shoes Draw Attention
• Trekking Shoes - Going on an Uphill Journey
• Cross Trainers - Increasingly Designed for Outdoor Wear
• Skating Shoes Market: An Insight
• Short Lead Times Spell Success in a Dynamic Market
• Efforts to Boost Demand
• Competition from Designer Brands
• Licensing Needs a Shot in the Arm
• Growing Sophistication of Manufacturing Technologies
• Online Sales Pick up Pace
• Shifting Brand Loyalty - A Major Concern!
• Non-Athletic Footwear: Noteworthy Trends
• Eco-Friendly Footwear: Future Directions
• Emergence of New Design Themes
• Moving in Line with Changing Fashion Trends
• Men's Shoes - Making a Style Statement
• Changing Customer Preferences
• Fashion and Comfort: Top on Women's Shopping List
• Fashionable Yet Comfortable Footwear to Drive Demand
• The Economy Measured in Terms of Heel Height!
• Multifunctional Shoes Gain Popularity
• Innovations in Footwear Components
• Affordable Luxury - Not just an Oxymoron in Footwear Space
• Luxury Footwear Designers Gain Traction
• Increasing Popularity of Private Labels
• Outdoor Footwear Gets Diversified
• Safety Shoes - A Review
• Innovations in Footwear Industry
• Technological Advancements in the Footwear Industry
• Industry 4.0 in the Footwear Industry
• Futuristic Innovative Trends
• Innovative 3D Printing Technology Forays into Footwear Industry
• Smart Shoes to Transform Footwear Industry
• Major Sneakers Innovations in Shoe Industry
• Select Shoe Innovations by Popular Brands
• Research Initiative to Aid Shoe Industry Combat Coronavirus Crisis
• Innovation in Outdoor Footwear Market
• Consumer Insights
• Consumerism in the 21st Century
• Branding - What the Consumer Looks for
• Female Footwear Market
• The Replacement Issue
• Teenagers - A Key Segment
• Kids - The Retailers' New Favorites
• Baby Boomers - Changing Priorities
• Retail Environment
• Logistics
• Retailers under Pressure
• Small Shops - The Most Favored Targets
• Shelf Presence
• 'Space Lifting' Footwear Retailing
• E- Commerce: Evolving as a Vibrant Medium
• 'Proactive' Merchandising In-Store Garners Momentum
• Point-of-Sale Data: Understanding the Needs of the Consumer
• Huge Discounting
• Co-Branding: Crucial for the Success of P-O-P Displays?
• Manufacturers Evolving too
• FOOTWEAR: PRODUCT DEFINITIONS & OVERVIEW
• Athletic Footwear
• Outdoor/Rugged Footwear
• Casual Footwear
• Dress/Formal Footwear
• Footwear Accessories
• Select Glossary of Footwear Terminology

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/i5bxvs

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• Global Market for Footwear