About Footwear Materials
Various types of material are used materials for manufacturing footwear products such as natural material. There is a significant demand for footwear material. For instance, According to the Micro, Small and Medium Enterprises (Government of India), India is the second-largest global producer of footwear after China, accounting for more than 13% of global footwear production of 16 billion pairs. In addition, it was also found that India produces more than 2 billion pairs of different categories of footwear constituting, which is an almost equal percentage of both non-leather footwear and leather footwear. Hence, this data shows that increasing demand for footwear will affect the growth of the market in the future.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.7% |
Key players are adopting numerous strategies to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnerships to adopt certain technologies, and acquiring small players to finish the competition in the future. As well as investing money in the R&D sector to make technical upgrades to the product. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Footwear Materials market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Hansa Group AG (Germany), J Hewit & Sons Ltd (United Kingdom), Townsend Leather Company, Inc. (United States), Garrett Leather Corp (United States), TOPY Company Ltd. (Japan), Tigar Corporation (Japan), Berger Company, Inc. (United States), A.K. Leather Manufacture Co., Ltd. (India), Royal Rubber Company Inc. (United States) and Ames Rubber Manufacturing Company, Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Footwear Materials market by , Application (Ballet Shoes, Boat Shoes, High-Heeled Footwear, Climbing Shoes, Clogs, Football Boots, Sabaton, Safety Footwear and Others) and Region.
On the basis of geography, the market of Footwear Materials has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Non Renewable Material , the sub-segment i.e. Plastics will boost the Footwear Materials market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Natural Material , the sub-segment i.e. Plants {Wood, Rubber} will boost the Footwear Materials market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Number of Customer from Online Channel
Market Growth Drivers:
Evolving Lifestyles as well as Behavioral Changes towards Shopping and Increasing Usage of Footwear Material in Various Application
Challenges:
High Cost of Raw Material
Restraints:
Environmental Issues Related with this Process include Air emissions, Solid waste, Hazardous Materials and others
Opportunities:
Growing Demand from Emerging Market such as China, India, Brazil, among others
Market Leaders and their expansionary development strategies
On April 19, 2023, Dow Inc. announced the acquisition of DuPont's Bio-Based Materials business, strengthening its portfolio of sustainable solutions for footwear, including bio-based polyamides and elastomers.
On July 6, 2023, Evonik Industries completed the acquisition of SENDYX, a German specialist in high-performance polymer dispersions used in shoe soles and other footwear components.
According to the Government of the United Kingdom, “These Regulations implement European Parliament and Council Directive 94/11/EC (O.J. No. L100, 19.4.94, p.37) on the labelling of materials used in the main components of footwear for sale to the consumer”.
Key Target Audience
Footwear Material Companies, Regulatory Bodies, Component Suppliers, Distributors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.