The global footwear market has seen diversified trends across different geographic regions such as North America, Europe, Asia Pacific, and Rest of the World.
Albany, NY -- (SBWIRE) -- 01/19/2016 -- The global footwear market has seen diversified trends across different geographic regions such as North America, Europe, Asia Pacific, and Rest of the World. 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. Also, there are certain restraints which are slowing down the growth of the global footwear market. Increasing environmental concerns and rising prices of raw material are the main factors which are acting as restraints 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.
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Some of the top players in the global footwear market are Nike, Adidas, Ascis, Puma, VF Corp, Skechers and New Balance among others. At present, among the top players in the global footwear market, Nike is the leading footwear company followed by Adidas and Ascis. Nike and Adidas have the most number of retail outlets, strong distribution channel, and large customer base globally. Asics and Puma are popular in the European market where as VF Corp., Skechers, and New Balance are American companies with strong presence in the American footwear market.
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. Sports shoes are expected to have the largest market in terms of volume globally from 2014 to 2020. In terms of value Insert shoes is expected to have the largest market globally during the forecast period. Non- Athletic footwear segment further includes three categories which are casual footwear, fashion footwear and formal footwear. Casual footwear is expected to have the largest market globally both in terms of value and volume from 2014 to 2020.
In addition, the report provides strategic analysis of consumer group, which includes men, women, and kids. The men's footwear market accounts for maximum market share followed by women and kids. In terms of value, North America is expected to have the largest market share for consumer group footwear market from 2014 to 2020. Globally, Asia Pacific accounts for the maximum share for consumer group footwear market in terms of volume during the forecast period.
Furthermore, the market is segmented on the basis of geographic region, which includes North America, Asia Pacific, Europe, and RoW. North America would account for the maximum share in terms of value in the global footwear market. In Athletic footwear segment in North America, sports shoes account for the largest share in terms of value whereas insert shoes account for the largest market share in terms of volume from 2014 to 2020. Furthermore, men footwear market is expected to account for the maximum share during the forecast period. However in Europe, insert shoe account for the largest share in terms of value whereas backing packing accounts for the largest market in terms volume during the forecast period.
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Asia Pacific has similar market trend as compare to North America. Sports shoes is expected maintain the leading position in terms of value where as in terms of volume insert shoe is expected to account for the largest market share during the forecast period. RoW has the similar market trend with North America and Asia Pacific in terms of value where as in terms of volume hiking shoe is expected to have the largest market from 2014 to 2020.
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