Footwear Market To Witness An Outstanding Growth By 2022 – 2031 |
Posted: January 17, 2022 |
Award winning market research company Fact.MR has recently published a report on the global footwear market. According to the study, the market is poised to register marginal growth in 2021 over 2020 to reach approximately 4%. Long-term outlook remains positive, with a steady CAGR projected for the upcoming forecast period. Emphasis on providing good quality in-customer service experience remains a core concern for prominent footwear manufacturers. This is evidenced with Nike’s 2019 initiative incorporating augmented reality to enhance the marketing and sales of its sneakers. It does so via its Nike Fit application, utilizing computer vision and machine learning to scan and measure a customer’s foot size to facilitate better fitting. Request a report sample to gain comprehensive market insights – https://www.factmr.com/connectus/sample?flag=S&rep_id=120 Key Takeaways from Fact.MR’s Footwear Study
Global Footwear Market- Prominent Drivers
Global Footwear Market- Key Restraints
Share Your Requirements & Get Customized Reports – https://www.factmr.com/connectus/sample?flag=RC&rep_id=120 Competitive Landscape The global footwear market is interspersed with the presence of the following key players: Adidas AG, PUMA SE, Sketchers USA Inc., Under Armor Inc., Wolverine Worldwide Inc., Crocs Inc., ASICS Corporation, Deichmann SE and The ALDO Group Inc. among others. Prominent expansion strategies include collaborations and product launches in order to consolidate their foothold. Furthermore, sustainability is at the core of the expansion strategies of several players. For instance, Adidas AG announced that starting in 2021, over 60% of all its products- ranging from football jerseys made from recycled polyester to footwear. The company aims to achieve climate neutrality in collaboration with its suppliers by 2050. In January 2021, PUMA SE unveiled its DREAMER 2 basketball sneakers, part of its objective to expand its DREAMER franchise. The product launch is a marketing gimmick, capitalizing on music enthusiasts’ anticipation of new work from artist J. Cole. This initiative is highly likely to expand the company’s global footprint in the current year. Buy Now – https://www.factmr.com/checkout/120 More Valuable Insights on Footwear Market Fact.MR, in its new offering, presents an unbiased analysis of the global footwear market, presenting historical demand data (2016-2020) and forecast statistics for the period of (2021-2031). The study divulges essential insights on the footwear market on the basis of product type (casual, fashion, occupational, therapeutic, athletic, protective, and others), material (leather, natural rubber, synthetic rubber, EVA, PVC, PU, and textile), price (economy, mid, premium, and super-premium), and sales channel (online, specialist, general merchandise, dept. stores, and others), across 6 major region of the world. For More Insights – https://www.accesswire.com/625694/Footwear-Manufacturers-Banking-on-Computer-Assisted-In-Customer-Service-and-Incorporating-Sustainable-Material-to-Expand-Sales-FactMR About Us: Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analysed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner. Contact: US Sales Office: Corporate Headquarter:
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