A new forecast from Fact.MR estimates that Footwear sales   will grow nearly 1.5x between 2021 and 2031, reaching nearly US$640 billion in 2031,  at a  10-year compound annual growth rate (CAGR ) of  4 % . Demand across North America accounts for nearly  36%  , fueled by the presence of well-known footwear brands such as Adidas, Under Armour, Skechers and ASICS Corporation in the region.

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Competitive Landscape:

Prominent players are embracing innovative approaches such as ground-breaking marketing tactics, technological advancements, mergers, and acquisitions.

• NIKE, Inc. entered into a definitive agreement to acquire Converse, Inc. The total price paid for 100 % of the equity shares was approximately US$305 Mn plus the assumption of certain working capital liabilities at the time of the transaction’s consummation.
• Likewise, Adidas-Salomon AG and Reebok International Ltd. signed an agreement under which adidas-Salomon AG would acquire all of the outstanding shares of Reebok for U.S. $59.00 per share in cash.

Prominent Key Players of Footwear Market Survey Report:

• Nike Inc.
• Adidas AG
• PUMA SE
• Sketchers USA Inc.
• Under Armor Inc.
• Wolverine Worldwide Inc.
• Crocs Inc.
• ASICS Corporation
• Deichmann SE
• The ALDO Group Inc. (indicative list)

Key segments covered

• Product Type
  • casual shoes
  • Fashionable shoes
  • work shoes
  • Therapeutic Footwear
  • sports shoes
  • protective shoes
  • Other shoes
• material
  • leather shoes
  • Natural rubber shoes
  • Synthetic rubber shoes
  • EVA shoes
  • PVC shoes
  • PU shoes
  • Textile shoes
• price range
  • Economy shoes
  • Medium shoes
  • premium shoes
  • Super premium shoes
• sales channel
  • Online sale of shoes
  • Shoe sales via Specialist s
  • Sale of general merchandise shoes
  • Shoe sales through department stores
  • Sale of shoes through other distribution channels

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Questionnaires Answered in the Footwear Market Report Include:

• How has the footwear market grown?
• What are the present and future prospects of the global Footwear based on region?
• What are the challenges and opportunities for the shoes?
• Why is shoe consumption the highest in the region?
• In what year is the segment expected to overtake the segment?

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