The global shoe care market size is expected to reach USD 6.0
billion by 2025, according to a new report by Grand View Research, Inc.,
expanding at a CAGR of 3.9% over the forecast period. Growing popularity of
premium footwear products including Oxford shoes and Blücher among working
class professionals on a global level is expected to expand the scope of
various types of polishes and cleaners. Furthermore, increasing number of
educational institutes and corporate organizations in the developing nations
including China and India is expected to expand the scope of formal footwear.
This, in turn, will prompt the scope of shoe care products.
Shoe cleaning products including soaps and
deodorizers are expected to account for 29.5% share of global revenue in 2025.
For instance, shoe deodorizers have gained significant popularity among
consumers. In September 2018, Panasonic Corporation launched MS-DS100
deodorizer. The product has the original ion particles, “nanoe X” that removes
unpleasant odors from footwear and spreads through its six outlets. This
deodorizer can also be operated on a mobile battery. Japan based Panasonic
Corporation planned to produce 1,000 units of these deodorizers per month.
Expanding corporate and education sectors in
developing economies including China and India is anticipated to open new
avenues for the market. In addition, increasing awareness regarding health and
fitness is fueling the sales of sports footwear in this region. As a result,
demand for sneaker care products has increased significantly.
Furthermore, increasing number of women
professionals in developing countries including India and Thailand is expected
to promote the demand for the product in these economies. Leading brands
including Kiwi have expanded their product portfolio in order to cater to the
demand of women over the last few years. Key competitors of this industry
include Caleres Inc.; S. C. Johnson & Son, Inc.; Grangers International;
Payless; Implus LLC; Shinola; Charles Clinkard; Salamander; and Griffin.
For full research report on Shoe Care Market
visit here:
https://www.grandviewresearch.com/industry-analysis/shoe-care-market
Further key
findings from the study suggest:
- North America is expected to generate a
revenue of USD 2.0 billion by the end of 2025
- Asia Pacific generated a revenue of more than
USD 990.0 million in 2018
- Online distribution channel for shoe care
market is expected to register the fastest CAGR of 5.9% from 2019 to 2025
- By product, the polish segment dominated the
market in 2018, accounting for more than 60.0% share of the global revenue
- In terms of application, the formal segment
held the largest share of 53.1% in 2018.
Get request sample of this report here: https://www.grandviewresearch.com/industry-analysis/shoe-care-market/request/rs1
Grand
View Research has segmented the global shoe care market on the basis of
product, application, distribution channel, and region:
Shoe Care Product Outlook
(Revenue, USD Million, 2015 - 2025)
- Polish
- Cleaning
- Accessories
Shoe Care Application
Outlook (Revenue, USD Million, 2015 - 2025)
- Formal
- Casual
- Sports
- Others
Shoe Care Distribution
Channel Outlook (Revenue, USD Million, 2015 - 2025)
- Online
- Offline
Shoe Care Regional Outlook
(Revenue, USD Million, 2015 - 2025)
- North America
- U.S.
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- India
- Central & South
America
- Brazil
- Middle East &
Africa
- South Africa
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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