Footwear Market Size, Share and Industry Trends - 2020

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Footwear Market
Opportunities and Forecasts, 2014 2021
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Introduction To Footwear Market
Footwear Market Report, published by Allied
Market Research, forecasts that the global market
is expected to garner 371.8 billion by 2020,
registering a CAGR of 5.5 during the period 2015
- 2020.The Asia Pacific region is a major
exporter of leather footwear to the United States
and United Kingdom and ranks as the highest
revenue generating region in the footwear market
worldwide. The region generated a revenue of
116.9 billion in 2014, and is expected to grow
at a CAGR of 4.7 during the forecast period. A
global increase in disposable incomes, growing
urbanization and changing lifestyles are key
factors that boost the growth of the global
footwear market. Athletic and non-athletic are
the two major types of footwear, wherein
non-athletic footwear holds a larger market share
in comparison with athletic footwear. Both the
segments would witness growth during the forecast
period, on account of the growing consciousness
of fitness, which subsequently boosts the market
of athletic footwear and the large demand of
non-athletic footwear such as casual shoes,
boots, sneakers, slip-ons, flip flops and formal
shoes. The raw materials that are commonly used
in the manufacturing of footwear include suede
leather, tanned leather, rubber, fur and textile
fabrics. Leather footwear accounts for larger
market share as compared to the non-leather
footwear made of materials such as rubber,
textile fabrics and similar others. The United
Kingdom and United States are major importers of
leather footwear.Presently, retail stores are a
significant sales channel for manufacturers,
however, with growing e-commerce networks, the
online platform would gain popularity over the
forecast period. Read more about this at
https//www.alliedmarketresearch.com/footwear-mark
et
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Key Findings of Footwear Market

• Increasing disposable incomes and changing
  lifestyles are some key factors that influence
  the market growth over the forecast period (2015
  - 2020)
• Leather segment accounted for around 60 of the
  market in 2014 and would continue to dominate the
  market throughout the analysis period
  Non-leather segment, with relatively smaller
  market share would witness faster growth during
  2015 2020
• Asia Pacific accounts for the highest revenue
  generating region in the global market and would
  continue to lead the market over the forecast
  period

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Footwear Market Dynamics
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Footwear Market Key Segments
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Footwear Market By Type
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Footwear Market By Mode of Sale
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Footwear Market By End User
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Footwear Market By Material
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Footwear Market By Geography
 North America, Europe, Asia Pacific, LAMEA
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Key Players

1. Nike Inc.
2. Adidas AG
3. PUMA
4. GEOX S.p.A
5. SKECHERS USA Inc.
6. Under Armour INC.
7. Wolverine World Wide, Inc.
8. Timberland
9. Crocs Retail Inc.
10. ECCO Sko A/S.

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The analysis of footwear market reveals that the
segment of women footwear dominated the end- user
segment, accounting for 50.5 market share in
2014. The segment would continue to maintain its
leading position throughout the forecast period.
The segment of children footwear would witness
the fastest growth during the forecast period, on
account of the large demand for stylish, trendy
and fancy footwear for children. Gunjan
Malani
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