Footwear Market Drivers, Current Size and Demand Forecast till 2021 “Factors responsible for driving the market growth, in the recent years, include burgeoning demand for designer shoes, increase in the per capita income in both developed and developing economies.�
The Global Footwear Market is anticipated to grow considerably in the forecast period due to the growing demand for trendy as well as comfortable footwear among all age groups across the globe. Factors responsible for driving the market growth, in the recent years, include burgeoning demand for designer shoes, increase in the per capita income in both developed and developing economies, high-end clientele, and growing popularity of the athletic footwear among men. Additionally, robust growth in the fashion industry, rising demand for latest and improved footwear designs across the globe, and large-scale production in the Asia Pacific region are expected to fuel market growth of footwear market in the upcoming years. Globally, the market is predicted to grow at high CAGR over the forecast period, providing numerous opportunities for market players to invest for research and development in the footwear market. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/footwear-market Moreover, declining cost of footwear due to increased production coupled with easy availability are considered as one of the prominent factors for the rapid growth of footwear market, in the recent years. Easy availability of footwear owing to the presence of numerous retail channels and the gaining prominence of e-commerce retailers is anticipated to stimulate market growth in years to come. In addition, various e-commerce retailers are adopting new techniques to understand customers buying behavior, thus vastly gaining competitive edge over their counterparts. However, increase in the number of local manufacturers and large-scale production, thereby increasing competitiveness are expected to limit market progress to a certain extent. Commonly, footwear industry majorly consists of men, women, and children’s shoes. The footwear industry also include various types of outdoor and indoor shoes that are produced with the help of materials such as leather, plastic, and rubber. The athletic footwear is considered as one of the fastest growing segment in the footwear market with substantial