The global leather footwear market size is expected to reach
USD 202,305 million by 2025, according to a new report by Grand View Research,
Inc. It is projected to register a CAGR of 2.8% during the forecast period,
attributed to the rise in working class population and disposable income,
flourishing retail e-commerce sector, and evolving fashion trends in business
wear. Availability of myriad products and shopping channels will further
accelerate the growth.
Leather footwear market is closely aligned with
consumer spending on fashion accessories. Rapid rise in spending on fashion
accessories due to growing influence of social media is driving the market.
Evolving shopping trends and increasing propensity toward buying high-end and
designer shoes are estimated to fuel the market growth. On the other hand,
availability of counterfeit shoe products developed by local manufactures may
hinder growth. However, high demand for trendy, fancy, and comfortable footwear
is driving the market growth.
The male end user segment accounted for the
highest market share of about 56% in 2018. It is expected to register the
fastest CAGR from 2019 to 2025. Growing awareness regarding physical appearance
among the males along with evolving fashion trends, is also expected to drive
the growth. High influence of advertising campaigns by big brands that feature
popular male personalities is expected to result in an increasing demand from
the young generation. Tailor made leather shoes is the trend that is expected
to fuel the growth in male segment.
The female segment is anticipated to register a
CAGR of 2.8% over the forecast period. The growth is due to the drop in
purchase of heeled shoes. Increasing number of working women is driving the
growth of female leather footwear industry. Women’s spending on leather
footwear like high ankle length shoes, reptile and animal skin, suede
ballerinas, pumps, boots, casual town shoes, sandals, and flip-flops is driving
the growth.
In terms of distribution channel, the market is
segmented into online and offline. Offline channel accounts for the largest
market share of more than 72.0% in 2018. Developed countries have high number
of fashion stores where the range of products is well placed in iPads or
interactive shelves as a part of the customer engagement strategy.Eobuwie.pl
owned by CCC, Central Europe’s largest footwear retailer and the largest
footwear manufacturer, created its own brand concept store, which allows user
to browse through almost 450 brands via tablets at their fingertips. Online is
anticipated to register the fastest CAGR of 3.2% over the forecast period.
Online shopping for footwear is less tedious and attractive to consumers
compared to the clothes shopping, as a result of shoe size uniformity.
Europe is estimated to be the largest regional
segment accounting for approx. 31.0% of the market share in 2018. U.K. alone
accounted for approximately 13.0% of the market share in the same year. In
U.K., leather footwear accounts for 49.0% of the total footwear market. Formal
leather footwear perform well in the region due to growing middle class, more
women at work, increasing shopping centers, and adoption of online purchase.
Asia Pacific is projected to register the
fastest CAGR of 5.1% from 2019 to 2025. Factors such as growing economies,
rising number of low-middle class, rapid expansion of international footwear
chains, and growing working class population is expected to fuel the regional
demand.
Key players in this market are Prada Holding
B.V.; LVMH; Allen Edmonds; Kering S.A.; Bruno Magli; Cole Haan; Genesco Inc.;
Hermès International S.A.; Salvatore Ferragamo S.p.A.; and Crockett &
Jones.
For Full Research Report On Leather Footwear Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/leather-footwear-market
Further key findings from the report suggest:
- Male end
user segment accounted for the highest share of approximately 55.0% in
2018
- Offline
based distribution channel accounts for the largest share of more than
72.0% in 2018, omni-channel retailing and in-store marketing solutions to
enhance the shopping experience and to bridge the gap between offline and
digital channels
- Some of
the key players operating in the global leather footwear market include
are Prada Holding B.V., LVMH, Allen Edmonds, Kering S.A., Bruno Magli, and
Cole Haan
Get request sample of this report
here: https://www.grandviewresearch.com/industry-analysis/leather-footwear-market/request/rs1
Grand
View Research has segmented the global leather footwear market on the basis of
end user, distribution channel, and region:
Leather Footwear End User Outlook (Revenue, USD Million, 2015 -
2025)
- Male
- Female
- Kids
Leather Footwear Distribution Channel Outlook (Revenue, USD
Million, 2015 - 2025)
- Online
- Offline
Leather Footwear Regional Outlook (Revenue, USD Million, 2015 -
2025)
- North
America
- U.S.
- Europe
- Germany
- U.K.
- Asia
Pacific
- China
- Japan
- Central
& South America
- Brazil
- Middle
East & Africa
- Nigeria
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.
No comments:
Post a Comment