The footwear market will witness a negative impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, market growth increased in 2020 compared to 2019.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
- Build Resilience by making effective resource and investment choices for individual business units, products, and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
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Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
Related Report on Consumer Discretionary Include:
Global Running Footwear Market - Global running footwear market is segmented by distribution channel (offline and online) and geography (APAC, Europe, North America, South America, and MEA).
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Global Sports Footwear Market - Global sports footwear market is segmented by product (athleisure sports footwear, running sports footwear, court game sports footwear, cleats sports footwear, and others), end-user (professional users and recreational users), distribution channel (offline and online), application (outdoor sports footwear, sports-inspired footwear, and performance sports footwear), and geography (APAC, Europe, MEA, North America, and South America).
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Major Three Footwear Market Participants:
adidas AG
adidas AG operates its business through segments such as Footwear, Apparel, and Hardware. The company offers a wide range of footwear under the adidas and Reebok brands.
ASICS Corp.
ASICS Corp. operates its business through segments such as Sports shoes, Sportswear, and Sports equipment. The company offers a wide range of footwear such as GEL-KAYANO 26 running shoes and others for men and women.
Burberry Group PLC
Burberry Group PLC operates its business through segments such as Retail/wholesale and Licensing. The company offers a wide range of footwear such as Monogram Print E-canvas Arthur Sneakers and others for men, women, and children.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown:
https://www.technavio.com/report/footwear-market-industry-analysis
Footwear Market 2020-2024: Segmentation
Footwear market is segmented as below:
- Product
- Non-athletic Footwear
- Athletic Footwear
- End-user
- Distribution Channel
- Geography
- APAC
- North America
- Europe
- South America
- MEA
The footwear market is driven by design and material innovations leading to product premiumization. In addition, other factors such as the high influence of celebrity endorsements on customer purchase decisions are expected to trigger the footwear market toward witnessing a CAGR of over 1% during the forecast period.
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Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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