The global footwear materials market size is towards incremental graph, touching a value of USD xxx.xx Million by the end of 2025, growing with a CAGR of x.x% during the forecast period. Earlier, footwear materials market share 2017 was approximately USD xxx.xx Million. The up surge of market is recorded as footwear is becoming an essential fashion accessory. The demand for comfortable and trendy footwear among each and every age groups coupled with higher participation of people in sports activities is driving the market growth. Increased awareness concerning health and changing lifestyle drive the demand for athletic shoes among non-sportspeople as well. Growing population, higher variety of products and increased disposable income contribute well to the global footwear materials market.
Geographically, the global footwear materials market is segmented into Europe, Asia-Pacific, North America and LAMEA. Asia-Pacific recorded as highest revenue earning global footwear industry. China stands largest in terms of manufacturing, consuming and exporting the footwear. India and China are the major producers of footwear across the globe and they export hugely to other regions like United States and United Kingdom
Footwear materials market is segmented on the basis of product, which have two categories including non-athletic and athletic footwear. Athletic footwear segment has sub-division that includes soccer/football shoes, running and cross training shoes, hiking shoes, and others. While the non-athletic footwear segment has further classification that includes military boots, casual footwear, and others. Dominating footwear would be non-athletic ones in the near future. In 2016, non-athletic segment accounted a value of approx xx% of the total revenue of the market. Further segmentation, based on footwear material, there are three categories which includes Leather, Plastic, Rubber and Others.
Latest trend of leather footwear industry is using alternatives that don’t involve killing of animals. These are derived from plant based family with earthy options of palm, mushroom, fruit and pineapple. For instance, Pinatex is derived with help of pineapple leaves and muskin made from mushroom skins, replace leather well. It is durable, soft, anti-bacterial and breathable.
Than that, companies that are leading the global footwear materials market are Hansa Group AG, Garrett Leather Corp, Tigar Corporation, .K. Leather Manufacture Co., Ltd., Ames Rubber Manufacturing Company, Inc., Townsend Leather Company, Inc., J Hewit & Sons Ltd, Tigar Corporation, Berger Company, Inc., ARoyal Rubber Company Inc., etc.
In April 2015, PUMA introduced a lightweight football shoes that feature Japanese dragon Graphics. This launch enabled the company to attract higher customers. The shoe industry achieved new s amidst of the competitive landscape. In an attempt to promote better, companies collaborate with international sports platforms. Similarly in 2014, Adidas collaborated with Manchester United for promoting their products among football teams. This platform reinforced Adidas brand image internationally.
Key segments of ‘Global Footwear Materials Market’
Based on type, the market has been segmented into,
- Non Athletic
Based on materials, the market has been segmented into,
Based on region, the market has been segmented into,
- North America
- The U.S.
- Asia Pacific
- Latin America
- Middle East and Africa
What to expect from the upcoming report on ‘Global Footwear Materials Market’:
- Future prospects and current trends of the global footwear materials market by the end of forecast period (2018-2025)
- Information regarding technological progressions as well as innovations taking place in developing economies
- Supportive initiatives by government likely to influence the market dynamics
- Trends, drivers, opportunities, restraints, challenges and key developments in the market
- In-depth analysis of different market segmentations including regional segmentations, and product types
- Deep analysis about the competitive landscape of the market and the initiatives by them to improve this market
Who should buy this report?
Venture capitalists, Investors, financial institutions, Analysts, Government organizations, regulatory authorities, policymakers ,researchers, strategy managers, and academic institutions looking for insights into the market to determine future strategies.