Global Footwear Market Size 2012 - 2018:Transparency Market Research

States that the global footwear market, which valued US$ 185.2 billion in 2011, would observe growth at a CAGR of 1.9% from 2012 to 2018, and be worth US$ 211.5 billion by 2018.

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The report categorizes the global footwear market according to the major application segments, major consumer groups, retail distribution networks and major regional markets. Besides the general application areas of inserts, aerobic shoes, running shoes, walking shoes and atheleisure footwear, the categories of sports shoes, hiking shoes, and backpacking boots are further categorized according to specialized areas of application.

According to the report, the global footwear market is currently in a stable growth phase due to the rising adoption of fashion trends across the globe, and also due to rise in disposable income of all income-groups in some major economies of the world. Continued development in the global footwear industry has also resulted from factors such as rising demands for innovative footwear designs, and the rising retail culture.

The global footwear market can be broadly divided according to the functions of footwear as: athletic and non-athletic footwear. Amongst these, the segment of athletic shoes is expected to observe growth at a CAGR of 1.8% and acquire a net worth of US$ 84.4 billion by 2018. The segment of non-athletic footwear is expected to outpace growth of the athletic footwear segment during the forecast period. The major reasons behind the growth of the non-athletic footwear segment include rising adoption of leisure goods, fashion trends and celebrity endorsements.

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Consumer-groups wise, the segment of men’s footwear currently holds major shares of global footwear market. In 2011, this market segment held nearly 52% shares of the market. The segment of kid’s footwear is also expected to observe good growth, at an estimated CAGR of 3.7% during the forecast period owing to rising demands for comfortable and fashionable footwear for children.

Retail distribution-network wise, the segment of store-based selling currently holds the major market shares. Revenues from this segment valued nearly US$ 173.6 billion in 2011. The other segment, non-store based selling, is expected to grow at a CAGR of 6.9% during the forecast period, and acquire market value worth US$ 18.588 billion by the end of 2018.

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Geography-wise, the Asia-Pacific region currently holds the lead market position in the global footwear market. The report estimates that by 2018, this region could acquire 30.1% market shares of the industry.

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Big companies such as Adidas, Reebok, Puma, Nike and New Balance currently have hold of nearly 70% of the overall footwear market. Other known companies such as Asics, Converse, Sketchers and K-Swiss also hold sizeable market shares. However, the market position of these market leaders is challenged by the rising popularity of local manufacturers and pirated products, especially in developing economies.