Women Footwear Market Scope
From the past few years, the footwear industry has witnessed rapid growth and expected to continue in the future. Whereas Women Footwear market has high growth prospects due to growing concerns regarding fitness and on-field and off-field sports activities. Women footwear’s are used for feet protection from direct contact with heat, soil, cold and sharp objects. Factors such as increasing demand of smartphones coupled with rising consumer spending on personal navigation and positioning shoe track and alert users about obstacles will provide a positive scope for the product penetration during the forecasted timeframe. Also, growing consumer preferences toward smart shoes in sports analytics and medical purpose will further provide a strong business outlook. Major companies such as Bata introduced a wide range of Disney footwear featuring Disney character in their product portfolio in global consumer markets that beneficial in positioning of the products.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | NIKE (United States), Adidas (Germany), PUMA (Germany), Skechers (United States), Under Armour (United States), Wolverine World Wide (United States), Crocs (United States), ASICS (Japan) and New Balance (United States) |
CAGR | 14.4% |
Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Women Footwear market throughout the predicted period.
NIKE (United States), Adidas (Germany), PUMA (Germany), Skechers (United States), Under Armour (United States), Wolverine World Wide (United States), Crocs (United States), ASICS (Japan) and New Balance (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are VF Corporation (United States), Deichmann SE (Germany), Columbia Sportswear (United States) and Bata (Switzerland).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Women Footwear market by Type and Region with country level break-up. On the basis of Type, Casual shoes are dominating the market in the year 2023 where as Boots stood as second largest market share.
On the basis of application, Men segment is dominating the market in the year 2023 where as Women segment stood as second largest market.
On the basis of geography, the market of Women Footwear 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). North America region held largest market share in the year 2023. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
In January , 2023 American Exchange Group, a multi-division industry leader in accessories design, manufacturing and wholesale, today announced its acquisition of the White Mountain Footwear company. The announcement of the acquisition aligns with the American Exchange Group's strategy for significant growth and mission to consistently deliver trend, quality and accessible designs to a wide range of consumers.
Influencing Trend:
Rising Participation in Sports Events. and Increasing Influence of Fashion Activities
Market Growth Drivers:
Increase in Number of Specialty and Franchised Footwear Stores. and Rising Health Conscious Leads to Boost the Market.
Challenges:
Wrong Labelling leads to Product Calls. and Increase Chances of Losing Balance and Walking
Restraints:
Stiff Competition between Major Players and Side Effects Associated with Women Footwear such as Stiff and Inflamed
Opportunities:
Commercial Advertisements Coupled with Celebrity Endorsements and Upsurge Demand for Smart Shoes
Key Target Audience
Women Footwear Manufacturers, Women Footwear Traders, End-Use Market Participants of Different Segments of Women Footwear, Government and Research Organizations, R&D Institutions and Others