Shoe Care Mar­ket to Wit­ness Sig­nif­i­cant Op­por­tu­nity of $ 6,097mn

Shoes & Accessories - - The Month That Was -

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

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.