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The Asia Pacific footwear market is currently witnessing moderate growth. Footwear plays a significant role in offering protection and comfort to the feet. It is made of different materials, such as wood, canvas, leather, jute, plastics and rubber. With the changing aesthetic and fashion trends, handmade as well as machine-made footwear is available for both athletic and non-athletic purposes. In the Asia Pacific region, most footwear manufacturers are emphasizing on developing technologically advanced smart shoes to expand their product portfolio and business operations.
The Asia Pacific footwear market is primarily driven by rapid urbanization and industrialization in countries like China, Indonesia, and India. This has led to a rise in the demand for formal, casual, athletic and fashion footwear across the region. Due to globalization, there has been a steady increase in the establishment of popular luxury brands, which emphasize the development of unique designs while also giving importance to comfort. Besides this, the increasing penetration of e-commerce platforms, such as Amazon and Alibaba, has facilitated consumers to choose from a wide variety of footwear available online. Furthermore, with the rising health awareness, individuals are becoming more inclined toward athletic and physical activities, like yoga, gym, and jogging, which, in turn, is escalating the demand for athletic and sports footwear. Looking forward, IMARC Group expects the market to exhibit steady growth during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the Asia Pacific footwear market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, product, material, distribution channel, pricing and end user.
Breakup by Product:
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Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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