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Research Outline
Prepared for Nicholas G. | Delivered January 21, 2020
Footwear Market
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Goals
Provide an industry overview of the shoes/footwear market.
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Early Findings
The global footwear market was valued at
$207 billion
as of 2018. This market is projected to grow at a
CAGR of 3.8%
through 2025.
Growth in this market globally is largely attributed to "
high demand
for convenient and comfortable footwear." Growth is also driven by the
e-commerce market
, which is expanding rapidly.
The United States accounts for roughly
$40 billion
of this market, and athletic shoes account for roughly
one-third
of the US footwear market.
The
Asia-Pacific region
is expected to the largest and the fastest growing market for footwear in the world through 2025.
Athletic footwear is projected to be the fastest growing segment in terms of type of shoe, with a CAGR of
4.4%
through 2025.
Non-athletic shoes
, on the other hand, will account for the largest market share through 2025.
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