Albany, NY -- (SBWIRE) -- 10/20/2015 -- Market Research Report Search Engine (MRRSE) has added another report on the consumer goods industry to its database. The report, "Footwear Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020", offers the most recent recorded data and compiles precision-driven market forecast data.

The global footwear market is displaying a CAGR of 1.72% in terms of value from 2014 to 2020. The market's recorded value of US$198.8 bn of 2014 is expected to reach US$220.2 bn by the end of 2020. In the same forecast period, the global footwear market is expected to exhibit a 1.58% CAGR in terms of volume. The market is expected to grow from its 2014 volume of 9.9 bn to 10.9 bn by 2020.

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According to the report, the global footwear market is driven by the increasing demand for innovative design and growing level of awareness about maintaining an active and healthy lifestyle. Other driving factors include the growing density of population across the world, especially in Asia Pacific, the rising amount of disposable incomes available with consumers, and ease of shopping due to a growing number of retail outlets as well as the growth of the online shopping industry.

The report also keeps track of factors that restrain the growth of the global footwear market, such as the increasing price of raw materials required in the global footwear market, along with environmental concerns regarding the manufacturing process of footwear and the disposal of waste products and used footwear.

Key players in the global footwear market are Nike, Adidas, Puma, Asics, New Balance, Skechers, and VF Corp. The global footwear market is currently led by Nike, followed by Adidas. Both Nike and Adidas possess a large number of retail outlets for footwear around the world and bank on factors such as a reliable distribution chain and a large and cosmopolitan consumer base. Due to their regional presence, New Balance, Skechers, and VF Corp are preferred in North America, while Asics and Puma are more popular in Europe.

According to the report, men's footwear leads the global footwear market in terms of consumer type with a 52.0% market share recorded in 2013. Women's footwear held 36.0% of the market and children's footwear held 12.0%.

In terms of footwear type, the global footwear market is led by athletic shoes. Within this segment, demand for sports shoes is expected to grow in terms of volume in the forecast period.

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