Footwear Market: Both Casual and Occupational Footwear equally Attractive

Published: Mon Mar 04 2019

The global footwear market is in a constant flux of change underpinned by the rapid changes in fashion in several parts of the world. These trends are also reinforced by emerging styles in the overall apparel industry. With growing role of footwear as lifestyle statement across demographics, the market is likely to witness attractive trajectories.

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The footwear market is markedly dynamic, fueled increasingly by emerging consumer preferences, prevailing fashion styles, and changing brands positioning strategies in several regions. A dynamically changing wardrobe choices and outfit styles among men in developing and developed economies is reinforcing new trends in the global footwear market. The demand for an assortment of new styles in shoes, especially for women, has been underpinning the lucrativeness of the footwear market. The advent of trendy footwear continues to feed prevailing consumer fads and meet emerging sensibilities make the footwear market increasingly attractive. Furthermore, there is growing demand for various types of footwear that can meet therapeutic and specific therapeutic goals, especially in several developing and developed countries. The demand for footwear types to meet the objectives of comfort, durability, trendiness, and the pricing is shaping the various evolutional trajectories of the market.

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Focusing on casual and occupational give brands and manufacturers access to separate demographics in the global footwear market. And as has been observed in the evolution of the footwear market, both segments are lucrative avenues constantly tapped by companies. The demand for new casual footwear types characterized by a combination of style and comfort is rising among teenagers and adolescents. This has been remarkably fueled by proliferation of casual footwear products on e-commerce sites with their competitive pricing. The benefit of choosing from a vast variety of color and styles that online channels offers has been pivotal for the expansion of the casual footwear market.

There are several other factors that make APEJ market for footwear increasingly lucrative. The global footwear market is potentially benefitting from the changing fashion norms in the key economies of the region. This is also field by a burgeoning population of the continent. The APEJ market for footwear is projected to contribute around 33.0% of the revenue for fashion footwear. The regional footwear market is expected

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The report offers in-depth insights into the competitive landscape and the regional and global factors altering the competitive dynamics in the footwear market. The study also shed lights on the intensity of competition prevailing among key players in the footwear market. Some of the prominent companies in the footwear market are Nike, Adidas, PUMA, Under Armor, Crocs, ALDO group, ASICS Corporation, and Deichmann SE.
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