According to a new report published by UnivDatos Markets Insights the Women’s Footwear Market is expected to grow at a CAGR of around 5% from 2021-2027. The analysis has been segmented into Type (Casual Shoes, Boots, Heels & Pumps, Sandals, Flipflop & Slippers, Sports Shoes, Safety Shoes); Material (Rubber, Leather, Plastic, Velvet, Textile, Others); Distribution Channel (Online, Offline); Region/Country.
The women’s footwear market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the women’s footwear market. The women’s footwear market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the women’s footwear market at the global and regional levels.
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Market Overview
The demand for women’s footwear has been increasing rapidly all over the globe due to the rise in demand for superior quality footwear along with product innovation and premiumization in various countries across the globe. For example, In August 2021, Skechers, an American lifestyle and performance Footwear Company, launched the sixth iteration of its widely successful walking shoes, GO WALK 6 in India. The GO WALK 6 collection features a lightweight ULTRA GO cushioning midsole and high-rebound Hyper Pillar Technology for added support. Furthermore, the rising awareness among people regarding an active and healthy lifestyle is also fueling the demand for orthotic footwear. In addition, improved living standards and a healthy lifestyle have shifted consumer taste to fitness shoes such as running shoes, which is also driving the shoe market growth.
COVID-19 Impact
The recent COVID-19 pandemic has disrupted the world and has brought a state of shock to the global economy. The COVID-19 pandemic has adversely affected several industries, including the footwear market. Due to pandemics, the decline in consumer demand for athletic footwear was noted by brands like Adidas, Nike, and Puma, among others, as consumers reduced or delayed discretionary spending owing to a rise in unemployment rates and diminished consumer confidence.
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The global women’s footwear market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
· Based on material, the market is categorized into rubber, leather, plastic, velvet, textile, and others. Among these, leather is expected to witness the highest CAGR during the forecast period. Consumers who have active occupations or need shoes that provide more comfort and protection prefer leather footwear which significantly helps in growing this segment.
· Based on distribution channels, the market is categorized into offline stores and online stores. Among these, online stores are expected to witness the highest CAGR during the forecast period. This is due to the fact that the women's shoe category has various offers with discount options offered by third-party online sales channels.
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Women’s Footwear Market Geographical Segmentation Includes:
· North America (United States, Canada, and Rest of North America)
· Europe (Germany, United Kingdom, Italy, France, Spain, and the Rest of Europe)
· Asia-Pacific (China, India, Australia, Japan, and the Rest of Asia-Pacific)
· Rest of the World
For a better understanding of the market dynamics of the women’s footwear market, a detailed analysis was conducted for different regions across the globe including North America (U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. Geographically, the APAC region dominated the women’s footwear market owing to the strength of consumer expenditure and the huge size of the domestic market in the region.
The major players targeting the market include
· Nike Inc.
· Adidas AG
· Puma SE
· Skechers U.S.A. Inc.
· Under Armour Inc.
· Wolverine World Wide Inc.
· Crocs Inc.
· ASICS Corporation
· Deichmann SE
· The ALDO Group Inc.
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the women’s footwear market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the women’s footwear market?
• Which factors are influencing the women’s footwear market over the forecast period?
• What are the global challenges, threats, and risks in the women’s footwear market?
• Which factors are propelling and restraining the women’s footwear market?
• What are the demanding global regions of the women’s footwear market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
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About UnivDatos Market Insights (UMI)
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About UnivDatos Market Insights
UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.
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