Global Footwear Market Size To Cross USD 375 Billion by 2030, at a 4.5% CAGR: Zion Market Research

 Introduction

Leather, fabric, plastic, and rubber are just some of the materials that are used in the production of footwear. In addition, leather is a common material for footwear all over the world. There is a significant demand for footwear that is easy to use today. A rise in the prevalence of fashion trends among young people has been one of the most significant factors contributing to the expansion of the global footwear industry over the past few years. As a result of companies such as PUMA, Lee Cooper, and Adidas having a significant impact across the eCommerce industry, it is anticipated that the market for footwear will experience growth over the course of the upcoming years. Shopping experiences that are not burdensome have contributed to the expansion of the online supply chain sector, which, in turn, will generate lucrative growth avenues for the market over the course of the estimated timeframe. It is anticipated that the market for footwear will experience significant growth in the years to come as a result of expanding tendencies of online selling and online retailing activities brought on by the proliferation of online retail stores such as Amazon, Flipkart, and eBay.



Browse the full "Footwear Market by Product (Athletic and Non-Athletic), by Material (Rubber, Leather and Plastic), by End-User (Men, Women and Kids) and by Distribution Channel (Online Channel, Supermarkets and Hypermarkets, Independent Retail Stores and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2023" report at https://www.zionmarketresearch.com/report/footwear-market

As estimated in this report, the Global footwear market stood at US$ 246.07 billion in 2017. Witnessing a tremendous rise during the period from 2015 to 2021, the revenue in this footwear market is expected to reach US$ 320.44 billion by the end of the forecast period. The main products available in this footwear market are athletic and non-athletic. Among them, the demand for non-athletic footwear is relatively higher and the trend is anticipated to remain so over the next few years, notes the research report.

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