NEW YORK, June 10, 2021 /PRNewswire/ -- Set to grow by USD 16.85 billion during 2021-2025, Technavio's latest market research report estimates the footwear market to register a CAGR of over 1%. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. adidas AG, ASICS Corp., Burberry Group Plc, New Balance Athletics Inc., Nike Inc., PUMA SE, Skechers USA Inc., Under Armour Inc., VF Corp., and Wolverine World Wide Inc. are some of the major market participants. The rising demand for exclusive designer collections will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.
Footwear Market 2021-2025: Segmentation
Footwear Market is segmented as below:
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Footwear Market 2021-2025: Vendor Analysis and Scope
To help businesses improve their market position, the footwear market provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include adidas AG, ASICS Corp., Burberry Group Plc, New Balance Athletics Inc., Nike Inc., PUMA SE, Skechers USA Inc., Under Armour Inc., VF Corp., and Wolverine World Wide Inc.
The report also covers the following areas:
The high influence of celebrity endorsements on customer purchase decisions is likely to emerge as one of the primary drivers of the market. However, rising labor costs and fluctuating raw material prices may threaten the growth of the market.
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Footwear Market 2021-2025: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by End-user
Market Segmentation by Distribution channel
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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Report: www.technavio.com/report/footwear-market-industry-analysis
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