States
that the global footwear market, which valued US$ 185.2 billion in
2011, would observe growth at a CAGR of 1.9% from 2012 to 2018, and
be worth US$ 211.5 billion by 2018.
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the full report at Footwear Market
http://www.transparencymarketresearch.com/footwear-market.html
The
report categorizes the global footwear market according to the major
application segments, major consumer groups, retail distribution
networks and major regional markets. Besides the general application
areas of inserts, aerobic shoes, running shoes, walking shoes and
atheleisure footwear, the categories of sports shoes, hiking shoes,
and backpacking boots are further categorized according to
specialized areas of application.
According
to the report, the global footwear market is currently in a stable
growth phase due to the rising adoption of fashion trends across the
globe, and also due to rise in disposable income of all income-groups
in some major economies of the world. Continued development in the
global footwear industry has also resulted from factors such as
rising demands for innovative footwear designs, and the rising retail
culture.
The
global footwear market can be broadly divided according to the
functions of footwear as: athletic and non-athletic footwear. Amongst
these, the segment of athletic shoes is expected to observe growth at
a CAGR of 1.8% and acquire a net worth of US$ 84.4 billion by 2018.
The segment of non-athletic footwear is expected to outpace growth of
the athletic footwear segment during the forecast period. The major
reasons behind the growth of the non-athletic footwear segment
include rising adoption of leisure goods, fashion trends and
celebrity endorsements.
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Consumer-groups
wise, the segment of men’s footwear currently holds major shares of
global footwear market. In 2011, this market segment held nearly 52%
shares of the market. The segment of kid’s footwear is also
expected to observe good growth, at an estimated CAGR of 3.7% during
the forecast period owing to rising demands for comfortable and
fashionable footwear for children.
Retail
distribution-network wise, the segment of store-based selling
currently holds the major market shares. Revenues from this segment
valued nearly US$ 173.6 billion in 2011. The other segment, non-store
based selling, is expected to grow at a CAGR of 6.9% during the
forecast period, and acquire market value worth US$ 18.588 billion by
the end of 2018.
Browse
all Press Releases:
http://www.transparencymarketresearch.com/press-releases.htm
Geography-wise,
the Asia-Pacific region currently holds the lead market position in
the global footwear market. The report estimates that by 2018, this
region could acquire 30.1% market shares of the industry.
Browse
all Article :
http://www.transparencymarketresearch.com/articles.htm
Big
companies such as Adidas, Reebok, Puma, Nike and New Balance
currently have hold of nearly 70% of the overall footwear market.
Other known companies such as Asics, Converse, Sketchers and K-Swiss
also hold sizeable market shares. However, the market position of
these market leaders is challenged by the rising popularity of local
manufacturers and pirated products, especially in developing
economies.
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