According to MarkNtel Advisors who is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently released a report on Footwear Market - Industry Trends and Forecast to 2027 and provides a comprehensive analysis of the current and future market conditions. The market research insights offered in this report enhance understanding of the market landscape, potential challenges, and strategies to establish a strong brand presence. With detailed market segmentation, in-depth analysis of key players, examination of consumer and supply chain trends, and exploration of new geographic markets, the insights presented in this report simplify the effective marketing of products and services.

Global Footwear Market Analysis and Size

The Global Footwear Market is projected to grow at a CAGR of around 5.3% during the forecast period, i.e., 2022-27.

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Some of the major players operating in the Footwear Market are 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.

Footwear Market Growth Driver:

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.

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Market Segment and Geographical Analysis

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

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