World Footwear Market 2015 - Opportunities and Forecasts to 2020 for the $371 Billion Industry
DUBLIN, Sept. 2, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/zhww4l/world_footwear) has announced the addition of the "World Footwear - Market Opportunities and Forecasts, 2014 - 2020" report to their offering.
The global footwear market is estimated to garner revenue of $371.8 billion by 2020, registering a CAGR of 5.5% during 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.
Further, 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.
Key findings of study
- 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
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Executive Summary
Chapter 3 Market Overview
Chapter 4 World Footwear Market By Type
Chapter 5 World Footwear Market By Mode Of Sale
Chapter 6 World Footwear Market By End-User
Chapter 7 World Footwear Market By Material
Chapter 8 Global Footwear Market By Geography
Chapter 9 Company Profiles
- Adidas AG - Crocs Retail - ECCO Sko A/S - GEOX S.p.A - Nike Inc. - PUMA - SKECHERS USA - Timberland - Under Armour - Wolverine World Wide
For more information visit http://www.researchandmarkets.com/research/zhww4l/world_footwear
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SOURCE Research and Markets
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