Market Overview

Global Footwear Market to Be Worth USD 280.61 Bn by 2023


On Global Markets
(ROGM), a firm that publishes global market
reports, released a report on the Global
Footwear Market
, today. The report shows that the global footwear
market is expected to expand at a compound annual growth rate (CAGR) of
3.44%, and reach an estimated value of USD 280.61 Bn by 2023.

According to Research On Global Markets, the global footwear market is
set to witness considerable growth since consumers across the globe are
always on the lookout for a variety of styles, and new trends of
fashionable and innovative footwear. Also, higher disposable income and
the ever-growing demand for athletic shoes because of increased
awareness about health and fitness are also driving market growth.

However, Research On Global Markets remains apprehensive about the
frequent changes and volatility prevailing in the global footwear market
and expects rising cost of raw materials and availability of counterfeit
products to be detrimental to the overall growth of the global footwear

Key highlights of this report:

  • Current market demand along with future expected demand for footwear
    on the basis of various product types – athletic and non-athletic
  • Current and forecasted regional (North America, Europe, Asia-Pacific,
    Latin America, the Middle East & Africa) market size data for the
    footwear market
  • Current and forecasted market size data for segments based on
    distribution channel – online sales, supermarkets and hypermarkets,
    independent retail stores, and others
  • Analysis of the key opportunities in the footwear market
  • Competitive analysis of the major players and their performances

This report has been formulated and designed with the purpose of giving
businesses a concise understanding of the Global Footwear Market,
supporting market or business dynamics, and helping brands identify
their major competitors, so that they can formulate strategies.

more information, download the Global Footwear Market report.

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