Footwear Market

E-commerce Likely to Influence Footwear Demand by 40% through 2031: Fact.MR Study

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Key Takeaways

– The global footwear market is anticipated to add 1.5x value by 2031 as compared to 2021. – By product type, sales of athletic footwear likely to reach US$ 83 Bn by 2022 – Online sales of footwear was valued at US$ 21.4 Bn as of 2020 – In 2020, U.S footwear sales reached US$ 91 Bn, expected to rise further in the future – China to emerge as the champion in athletic footwear, accounting for over 10% of the global market

Key Players  

– Nike Inc. – Adidas AG – PUMA SE – Sketchers USA Inc. – Under Armor Inc. – Wolverine Worldwide Inc. – Crocs Inc. – ASICS Corporation – Deichmann SE

Analyst View

“Increased innovation scale to incorporate multifunctionality in footwear for various purposes in anticipated to generate significant growth potential in the global market in the forthcoming years,” comments a Fact.MR analyst.

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