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The latest report by IMARC Group, titled “Europe Footwear Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” finds that the Europe footwear market is currently witnessing moderate growth. Footwear is worn to provide protection and comfort to the feet. It also eases locomotion and aids in preventing injuries due to the adversities of the environment like temperature and ground textures. Over the years, the styles and quality of footwear have significantly evolved with the changing fashion trends. As a result, consumers in the European region are shifting toward footwear with advanced technical fabrications that blend comfort with fashion.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Europe Footwear Market Trends:
The growing inclination of consumers toward premium and high-end footwear ranges due to the increasing purchasing power represents the primary factor driving the market. Additionally, the rising popularity of sustainable footwear ranging from hay-based sneakers to biodegradable, vegan stilettos has escalated the market growth. Due to this, manufacturers are heavily investing in aggressive promotional activities like celebrity endorsements and offering a wide range of footwear options with numerous designs, colors, price ranges and materials to expand their customer base. Furthermore, the expansion of organized retail outlets and the emerging e-commerce sector has bolstered the market growth. Besides this, with the growing health consciousness, there has been increasing consumer interest in physical activities, such as jogging, yoga and gym, which is augmenting the demand for athletic and sports footwear. On account of these factors, IMARC Group expects the market to exhibit steady growth during the forecast period (2021-2026).
Market Summary:
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