About Functional Shoes
Functional shoe is footwear which is used to protect and comfort the human foot while walking. The function shoes are specially designed for wearing purpose in different occasions. The shoes are lightweight with a combination of vibrant colours may be fancy or fashionable and may vary through time and from culture to culture.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
In functional Footwear Market global players have long been embedding additives manufacturing into their product development process, particularly in shoe business. The 3D printer as an opportunity has proven to be vulnerable to making parts of customized footwear such as plates. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Functional Shoes 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.
Adidas (Germany), Honeywell (United States), Nike (United States), Under Armor (United States), Puma (Germany), VF Corporation (United States), PEAK (United States), ECCO (Denmark), Skechers (United States), Jeep (United States) and Columbia (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Safety Jogger (Belgium) and Camel (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Functional Shoes market by Type (Warm Shoes, Air Conditioning Shoes, Height Increasing Shoes and Trail Lighting Shoes), Application (Daily Wear, Outdoor Application and Others) and Region.
On the basis of geography, the market of Functional Shoes 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 Raw Material, the sub-segment i.e. Polyurethane will boost the Functional Shoes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Functional Shoes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Changing Lifestyle and Consumer Preference and Innovation Enabled by Exponential Technology in Functional Shoes
Market Growth Drivers:
Increasing Rate of Disposable Income and Rise in Providing Offers in Different Shoes Styles/ Collection for Various Customer Tastes
Challenges:
Increased Cost of Raw material for Functional Shoes
Restraints:
Stringent Regulatory Guidelines Regarding Manufacture & Sales of These Products
Opportunities:
Growing Fashion Consciousness and Innovative Product Launches and Rising Online Shopping Opportunity in Emerging Countries will Boost the Functional Shoes
Market Leaders and their expansionary development strategies
In February 2022, Crocs, Inc., a world leader in innovative casual footwear for women, men, and children, announced it has completed its previously announced acquisition of HEYDUDE™, a privately-owned casual footwear brand.
In 2019, Malaysian Fashion Brand Polo Haus released new shoes that are both timeless and function. Each design focuses on a casual aesthetic, without compromising on style. Men are offered a wide range of footwear for different occasions. There are also contemporary loafer, high tops and sneakers which are suitable for everyday outings. These come in shades of brown, blue and black which will match a variety of outfits.
Key Target Audience
Functional Shoes Manufacturers, Functional Shoes International Traders, Functional Shoes Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies 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.