by IMARC Group’s latest report, titled “Custom Shoes Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” finds that the global custom shoes market size reached US$ 666.7 Million in 2021. Custom shoes are customized footwear made with high-quality materials, color, and styling options to meet the specific requirements of the consumers. The most common materials used to manufacture these shoes are canvas, leather, mesh, suede, plastic, and foam composite. These shoes are designed uniquely to provide enhanced protection and comfort while performing physical activities. As a result, they are widely used for walking, running, trekking, sports, and aerobic activities. Over the years, custom shoes have gained prominence, especially among the young population, as they are considered a symbol of luxury and are worn as a fashion accessory.
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.
Global Custom Shoes Market Trends:
The market is primarily driven by the rising popularity of fitness and sport-related activities. In addition, the widespread adoption of trendy and branded footwear by millennials represents another major growth-inducing factor. Besides this, various key players are adopting three-dimensional (3D) printing technology to include complex designs and intricate patterns with enhanced precision and accuracy in premium shoes. This, coupled with the rising demand for premium, exclusive, and designer footwear collections, is contributing to the market growth. Moreover, the growing influence of social media on purchasing decisions of individuals is also creating a positive market outlook across the globe. Apart from this, consumers are widely opting for custom shoes for enhanced comfort during high-intensity body and weight training activities due to the rising health consciousness. Furthermore, the inflating income levels of individuals and the proliferation of retail e-commerce platforms are expected to propel market growth in the coming years. Looking forward, IMARC Group expects the market value to reach US$ 859.7 Million by 2027, exhibiting a CAGR of 4.10% during the forecast period (2022-2027).
On the basis of the type, the market has been divided into running, sports, aerobic, walking, and trekking shoes.
Based on the application, the market has been bifurcated into men and women.
On the basis of the distribution channel, the market has been categorized into online and offline stores.
Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
The competitive landscape of the market has been examined in the report, with some of the key players being AliveShoes Inc, Crockett & Jones, Edward Green Shoes, Heel & Buckle Luxury Private Limited, Italian Shoe Factory, Nike Inc., Puma SE (Groupe Artemis), Rancourt & Company Shoecrafters Inc., Right Way Custom Molded Shoes Inc., Tiesta Women Accessories Private Limited, Undandy and Vans Inc. (VF Corporation).
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