Footwear companies are expanding their product lines to meet the increasing demand for footwear products. Moreover, strong product innovation among footwear companies with newer styles and appeal is expected to boost the market during the forecast period. In addition, companies are adopting the latest technologies to provide extra comfort to consumers and boost their own efficiencies. All these factors are expected to have a positive impact on the Europe footwear market during the forecast period.
Transparency Market Research delivers key insights
into the Europe footwear
market. In terms of revenue, the Europe footwear market is estimated to
expand at a CAGR of 8.5% during the forecast period, owing to
numerous factors, regarding which TMR offers thorough insights and forecasts in
its report on the Europe footwear market.
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Europe Footwear
Market: Key Segments
In terms of type, the athletic footwear
segment is expected to dominate the footwear market during the forecast period.
The rising tendency among women to incorporate athletic footwear into daily
life is likely to increase volume sales of footwear during the forecast period.
Women constitute around 40% of the overall market. The market is expected to
witness stiff competition in the future, due to the entry of footwear
specialists and international retailers. Domestic retailers are continuously
focused on offering trending footwear styles and brands at competitive prices
in order to strengthen their foothold in the industry.
In Europe, textiles are available in a wide
array of colors and varieties. The possible variations in textiles include
different fibers, deniers (or fabric weight), weaves, and knits. One key
advantage of textile shoes is their versatility in styles and designs. Like
their textile counterparts, synthetic materials also come in a variety of
colors and textures. In addition, rubber and leather are the most commonly used
material in shoes to make soles. While not the only material used to make outsoles,
rubber and leather are among the most popular in sport’s shoes (running shoes
and tennis shoes).
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In terms of price, the mass category seems to
be attractive among consumers while purchasing footwear products. A large
percentage of customers opt for these products. In addition, the promotion of
premium products by offering large discounts is likely to appeal to customers.
European customers are also highly inclined toward purchasing premium products.
The supply of limited stock footwear products having better quality features
and brand prospects through company websites is influencing the growth of the
footwear market.
In Europe, the online segment is expected to
expand at a rapid pace, owing to increase in the number of users of
Internet-based devices in the region. In addition, consumers find online
shopping to be the most convenient, as it provides attractive offers and
satisfactory experiences of shopping and transaction. In Europe, specialty
stores fulfilling the requirements of consumers with innovative products and
attractive offers is expected to boost the growth of the footwear market.
Department stores with limited presence are expected to grow gradually.
However, individual retailers and company outlets having strong relationships
with end-users is expected to boost the market in the near future.
Europe Footwear
Market: Key Players
Key players operating in the Europe footwear
market are Adidas AG, Bata Corporation, Fal Calzados de Seguridad S.A., FILA,
Fluchos, G&G Footwear S.r.L., Gabor Shoes, Imac Group Spa, Nike, Inc., PUMA
SE, Tolino, and William Lamb Footwear Ltd., among others.
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Europe Footwear
Market: Segmentation
Footwear Market, by
Type
- Athletic
- Running & Cross Training/Tennis Shoe
- Soccer/Football Shoe
- Golf Shoe
- Basketball Shoe
- Hiking Shoe
- Baseball Shoe
- Others
- Non-athletic
- Casual Shoes
- Dress Evening
- Military Boots
- Lite Hiking Outdoor Sandal
- Formals
- Others
Footwear Market,
Material Type
- Leather
- Textiles
- Other Synthetics
Footwear Market,
End-user
- Men
- Women
- Kids
Footwear Market, Price
- Mass
- Premium
Footwear Market,
Distribution Channel
- Online
- E-commerce Websites
- Company Owned Websites
- Offline
- Hypermarket & Supermarket
- Specialty Stores
- Other Retail Stores
Footwear Market, by
Region
- Europe
- U.K.
- Germany
- France
- Rest of Europe
TMR Latest News
Publication: https://www.prnewswire.com/news-releases/manufacturers-in-outdoor-apparel-market-capitalize-on-growing-popularity-of-techwear-for-functional-virtues-plain-predecessor-products-continue-to-remain-at-the-forefront—tmr-301309199.html
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techniques in developing distinctive data sets and research material for
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