Shoe Care Market to Witness Significant Opportunity of $ 6,097mn
In its report, Persistence Market Research (PMR) highlights that the global shoe care market is estimated to expand at a CAGR of 4.2% over the forecast period and is expected to be valued at $ 6,097 mn by 2025, from $ 4,389 mn in 2017, owing to numerous factors. The market is segmented based on product type, sales channel type and region type. Based on product type, the market is sub-segmented into shoe care, shoe clean and shoe care accessories. Among all the product type, shoe care segment is expected to account for the highest market share, followed by shoe clean over the forecast period. Insole segment is expected to grow with a CAGR of 4.3% during the forecast period in terms of value. Accessories is estimated to register a CAGR of 3.7% in the global shoe care market over the forecast period. The factors fuelling demand for global shoe care market are incessantly growing footwear market and increasing demand for advance comfort across the globe due to growing innovation in shoes along with rapidly changing the demand pattern among consumers. Another segmentation of the global shoe care market is done on the basis of sales channel type such as exclusive, hypermarket and online. Among all the mentioned sales channel type, online segment is estimated to account highest market share in the global shoe care market followed by exclusive segment by end of 2025.
The key driving factors of global shoe