Footwear Market is expected to reach USD 220.2 billion in terms of value and 10,974 million units in terms of volume by 2020: Transparency Market Research

Albany – NY, Sept. 7, 2015 (GLOBE NEWSWIRE) — Transparency Market Research has published a new market report titled “Global Footwear Market –  Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020.” According to the report, the Global Footwear Market was valued at USD 19,8782.9 million in terms of value and 9990.7 million in terms of volume in 2014, which is expected to reach USD 220227.9 million and 10,974.0 million in terms of value and volume respectively by 2020, growing at a CAGR of 1.72% and 1.58% in terms of value and volume respectively from 2014 to 2020.

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The global footwear market is driven by factors such as growing demand for new design of footwear and growing awareness about healthy and active life style. Increasing population, propensity of people to spend more and emerging retail outlets have also attributed to the growing demand for footwear across the global market. The global footwear market is also facing some restraints which are slowing down the growth of the global footwear market.  Rising prices of raw material and increasing environmental concerns are the main concerns for the global footwear market. However, there is a wide opportunity in the footwear market such as changing consumers’ lifestyle and fashion trends, emerging role of e-commerce and increasing new brands in the market that would enhance the demand of footwear market in the coming years.

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The footwear market has been divided into three segments: by types of footwear, by consumer group, and by geography. Further, the by types of footwear include athletic footwear and non-athletic footwear. The report also offers competitive analysis about sub-segment of athletic footwear and non-athletic footwear. Athletic footwear segment offers products of four categories which include insert shoes, sports shoes, hiking shoes and backpacking boots.

In addition global footwear market is segmented into consumer group including men, women and children. Men accounted for the largest share in the footwear market with 52%, followed by women with 36%, and children with 12% market share globally. This growth is attributed to the increasing global population, which is dominated by the male gender.

Furthermore, the market is segmented on the basis of geographic region, which includes North America, Asia Pacific, Europe, and RoW. Asia Pacific is expected to account for maximum share in term of volume in the overall footwear market; whereas, North America accounts for maximum share in terms of value from 2014 to 2020.

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Global Footwear Market, by type:

  • Athletic
  • Non-Athletic

Global Footwear Market, by gender

  • Men
  • Women
  • Kids

Global Footwear Market, by geography

  • North America
  • Europe
  • Asia Pacific
  • RoW

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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