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The global footwear market was valued at US$ 224.6 Billion in 2021.
We expect the global footwear market to exhibit a CAGR of 4% during 2022-2027.
The evolution in fashion trends, coupled with the growing demand for superior quality footwear, that
are comfortable and fashionable, is primarily catalyzing the global footwear market.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from
conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of
Based on the product, the global footwear market can be segmented into non-athletic footwear and
athletic footwear, where non-athletic footwear holds the largest market share.
Based on the material, the global footwear market has been divided into rubber, leather, plastic, fabric,
and others. Currently, rubber-based footwear exhibits a clear dominance in the market.
Based on the distribution channel, the global footwear market can be segregated into footwear
specialists, supermarkets and hypermarkets, departmental stores, clothing stores, online sales, and
others. Among these, footwear specialists currently account for the majority of the total market share.
Based on the pricing, the global footwear market has been bifurcated into premium and mass.
Currently, mass priced footwear exhibits a clear dominance in the market.
Based on the end-user, the global footwear market can be categorized into men, women, and kids.
Among these, women currently account for the majority of the global market share.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East
and Africa, and Latin America, where North America dominates the global market.
Some of the major players in the global footwear market include Nike Incorporation, Adidas AG, PUMA,
Geox S.p.A, Skechers USA, Incorporation, Timberland, Crocs Retail, Inc., Ecco Sko A/S, Wolverine World
Wide, Inc., Under Armour Inc., etc.
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