The Global Footwear Market Will Grow At An Annual Compound Rate Of 2%.

According to recent reports from foreign media, according to the latest report of Technavio, the Global Market Research Institute, the world's latest report shows that

The market will grow at an annual compound rate of 2%, and the market value is expected to exceed US $215 billion by 2019.

The agency expects the global footwear market to grow more smoothly than non sports.

Products dominated by sales, followed by sales.

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Now, besides sports, sports shoes also appear on many occasions, such as daily work, walking, outing and so on.

Comfort is one of the factors that promote the growth of sports shoes sales.

Adidas and Nike are both popular sports shoes brands.

Technavio Brijesh Kumar Choubey, a general retail product and services research analyst, said: "the global footwear market is increasingly influenced by fashion trends.

In addition to luxury brands like Chanel and Jimmy Choo, everyday life brands and private brands, such as White Stag and Faded Glory, are all focused on introducing new styles to promote sales.

The report covers the current situation and growth forecasts of the global footwear industry from 2015 to 2019. The report also analyzes the prospects of suppliers and the status of the top five suppliers in the market.

The global shoe market is mainly divided into North America, Asia Pacific, Europe and other parts of the world.

North America: the world's largest footwear market

The agency expects that the market value of North American footwear will exceed US $85 billion by 2019.

The footwear market in North America is mainly driven by three countries, the United States, Canada and Mexico.

The rising obesity rate in the United States has led them to choose a healthier lifestyle. This trend has promoted the growth of sports shoes sales in the region.

In fact, because sports shoes are comfortable, consumers will wear other occasions.

Brijesh added: "in addition, with the increasing popularity of the Internet, the e-commerce platform has become the first choice for shopping in the region.

Electricity shopping has many advantages, such as product variety, discount and convenience, which further promoted the growth of the footwear industry in the region.

Asia Pacific region: increased disposable income to boost market growth

The footwear industry in the Asia Pacific region is expected to grow at a CAGR of over 2%, and its market value will exceed US $62 billion by 2019.

Increased disposable income and lifestyle changes have increased consumer purchases of luxury brand shoes such as Gucci and Prada in the region.

Non sports footwear products dominate the footwear market in the Asia Pacific region.

The price and durability of shoes are important factors affecting consumers' purchase of shoes in the region.

In addition to internationally designed products, many suppliers have introduced new production lines to match their dress styles and local traditional costumes.

India, China and Japan are the major consumers of footwear products in the Asia Pacific region.

Europe: has the world's most high-end luxury shoes brand.

The agency expects that the market value of European footwear will reach US $46 billion by 2019, and the market will grow steadily.

In 2014, Britain was the main consumer of footwear products in the region.

The change in fashion trends is the reason for the high demand for non sports footwear products in the region.

Europe has the world's most high-end luxury shoes brands, such as Chanel, Hermes and Lewis Vuitton, and other headquarters are in Paris, and the headquarters of Gucci, Prada, United Colors of Benetton and Versace are all in Italy.

Other parts of the world: high income level drives the growth of luxury footwear market

The agency expects that by 2019, the market value of footwear in other parts of the world will exceed US $21 billion, and the rest of the world will include Latin America, South America, Africa and the Middle East. Brazil is the leading consumer of footwear products in Latin America.

The applicability of high income level and international brand is one of the main factors to promote the growth of the footwear market in the Middle East.

The key suppliers analyzed in the report are Adidas, New Balance, Nike, Puma, and VF group. The other main suppliers involved are Alexander McQueen, Bata, Burberry, Clarks, Dolce & Gabbana, Gucci, Gabbana, VF and Luis Weedon.