Global Footwear Stores Market Competitive Landscape, Top Market Segments, And Fastest Growing Regions
16 Jun, 2023
The global footwear stores market size is expected to grow from $199.55 billion in 2022 to $216.71 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global footwear stores market size is expected to reach $279.44 billion in 2027 at a CAGR of 6.6%.
Global Footwear Stores Market Key Driver
Increasing spending on branded luxury items is predicted to drive the growth of the footwear store market in the future. Luxury products are goods or services that are regarded elite in society, such as Haute couture clothing, accessories such as jewellery and high-end watches, branded shoes, luggage, and more. Customers are more likely to acquire luxury things from well-known online and offline retailers for status and comfort.
Get a sample of the global footwear stores market reportGlobal Footwear Stores Market Segments
The global footwear stores market is segmented:
1) By Type: Athletic, Non-Athletic
2) By Material: Leather, Non-Leather (Rubber)
3) By Store Type: Offline Retail Stores, Online Retail Stores
4) By End User: Men, Women, Children
5) By Geography: The regions covered in the footwear stores market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, Asia-Pacific accounts for the largest share in the global footwear stores market.
Major Footwear Stores Industry Players
Adidas AG, Nike Inc., PUMA SE, Under Armour Inc., Skechers U.S.A Inc, Geox S.p.A, VF Corporation, Crocs Inc., ECCO Sko A/S, Wolverine Worldwide Inc., FILA Holdings Inc., ASICS Corporation, Bata Corporation, Burberry Group Plc., Timberland, Reebok International Limited
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Footwear Stores Market Overview
Footwear stores are concerned with the distribution and supply of footwear items such as shoes, boots, sandals, and slippers, which are made from a variety of materials such as wood, canvas, jute, plastic, and rubber. Footwear items generally protect and support the feet while walking or engaging in other activities, serve as a fashion statement, and are used to express personal style.
Footwear Stores Global Market Report 2023 provides data on the global footwear stores market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The footwear stores market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.