The market is expected to witness a CAGR of 3.7% for the eight year projection period of 2017-2025.
New York, NY -- (SBWIRE) -- 10/31/2017 -- The global shoe care market is estimated to be valued at US$ 5100 million in the year 2017 and is slated to reach a market value around US$ 6850 Million in the year 2025 in revenues. The market is expected to witness a CAGR of 3.7% for the eight year projection period of 2017-2025.
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The global market is segmented into product type, application, sales channel and region. The product type segment is further sub-segmented into,
Chemical, Color Changer, Deodorizers, Creams, Soaps, Liquid, Paste, Others
Insoles, Shoe Horn, Stretchers, Anti-Slip Goods, Others
Accessories, Dusters, Brushes, Laces, Shapers, Others
The chemical segment is projected to grow by US$ 949 Million during 2017-2025. The insoles segment is also projected to grow by US$ 480 Million during the prediction period of 2017-2025.
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Based on the application of the shoe care segment, it is categorized as
Sports, Casual, Formal, Others
The formal shoe care category is projected to represent great prospects in terms of value by reaching US$ 794 Million during the estimated period. However, the casuals shoe care section, in valuation terms, is anticipated present prospects of US$ 464 Million during the course of 2017-2025.
Key sales channels include hypermarket, exclusive channels and online. Among other sales channels, the online shoe care division is estimated to grow by US$ 875 Million during the course of 2017-2025. On the other hand, the exclusive channel division is estimated to project growth of US$ 351 Million for the period of 2017-2025.
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The global market is divided among the five main regions/countries
Asia Pacific, Europe, The Middle East and Africa, Latin America, North America
Among all other geographies, North America is likely to responsible for 35% of market share in valuation terms by the projected year end 2025. Whereas Europe is the second largest by accounting for 29% of market share. APAC is also likely to develop at the maximum CAGR of 4.3% during the projection period.
Some of the main companies operating in the global market of shoe care include
U.S. Continental Marketing Inc., Payless Holdings, Charles Clinkard, Salzenbrodt GmbH & Co. KG, Penguin Brands Inc., Shinola, ALLEN EDMONDS, Salamander, S. C. JOHNSON & SON
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