Industry Background:
Wedge shoes, commonly referred to as lifties or wedgies, are shoes or boots having a wedge-shaped sole. From front to back, the shoe's bottom features an elevated heel that functions as both the heel and the sole. Wedges come in a range of shapes, colors, and materials, ranging from casual to sophisticated. They have a higher heel for an instant height boost and provide further support and stability to the wearer. Men, too, wear wedge sole shoes, usually in the form of work boots, despite the fact that wedge shoes are more often linked with women's fashion. Wedge shoes may be worn all year with practically any outfit due to their adaptability.
According to AMA Research, the market for Wedge Shoes is expected to register a CAGR of 3.8% during the forecast period to 2030. This growth is primarily driven by Increased Demand from Working Women’s
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Footwear sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Sketchers (United States), Sergio Rossi (Italy), Dr Scholl's (United States), Giuseppe Zanotti (Italy), Hush Puppies (United States), Burberry (United Kingdom), Christian Louboutin (France), Jimmy Choo (United Kingdom), Clarks (United Kingdom) and Pierre Hardy (France), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In August 2022, Aretto launched the Aretto Leaps shoes for children aged 1-12. This is the first shoe model in the country designed to grow with the child’s feet for up to three sizes, featuring the SuperGrooves technology.
In January 2019 Bata released a statement stating The Bata Shoe Museum announced the Introduction of its new exhibition WANT: Desire, Design and Depression Era Shoes. WANT explores the different significant design changes seen in footwear fashion, including the birth of the wedge and the re-emergence of the platform, in a striking perspective on a volatile decade.The demand for Wedge Shoes is increasing as People want a Luxurious Lifestyle and thus are investing in Fashion Footwear. The businesses in this industry facing major competition on a global scale with leading players of the market who hold a major market share. Leading Companies are differentiating their services from competition to maintain their market position.
Influencing Trend:
In 2020 Some New and Innovative Wedge Shoes were Launched Such as Transparent, Metallic, Embellished, Athleisure Inspired
Market Growth Drivers:
Increased Demand from Working Women’s and Rise in Disposable Income for Luxury Lifestyle
Challenges:
The Supply Chain can be Inefficient and Slow, Resulting in Long Lead Times and The Inability to React Quickly to Changes and When goods are wrapped incorrectly, fungal infestation can occur during delivery and can be a serious problem
Restraints:
The Time Available for Quality Control Has Been Greatly Reduced Due to an Increase in The Rate of Change and Collection Variation
Opportunities:
Due to Increased Awareness in Health and Fitness People have started Yoga Exercises and Zumba
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Wedge Shoes Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Wedge Shoes Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Wedge Shoes players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Wedge Shoes Study Sheds Light on
The Wedge Shoes Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Wedge Shoes industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Wedge Shoes industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.