Europe Footwear Market is Expected to Reach USD 47625.8 million in 2021.Footwear Market - Europe Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021
According to a new market report published by Transparency Market Research "Footwear Market - Europe Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021," Europe Footwear market was valued at USD 42,941.3 million in 2014 and is expected to reach USD 47,625.8 million by 2021, growing at a CAGR of 1.5% during the forecast period.
The Footwear market in Europe is primarily driven by change in fashion and rise in the number of working women. In terms of revenue, The U.K. among all the European countries has experienced high growth in the forecast period followed by the Germany and France. Trend shows that athletic footwear is in decline across Europe and consumers prefer non-athletic footwear due to more working women and expansion of shopping center. Change in fashion, new footwear styles and more online sales are the main drivers responsible for the growth of footwear market in Europe.
The Europe Footwear market is segmented by product type into athletic footwear and non-athletic footwear. The market for non-athletic footwear is comparatively larger as compared to the athletic footwear market. Demand for non-athletic footwear is expected to remain high in the coming years, owing to increasing number of working women. Therefore, this segment is expected to dominate the footwear market throughout the forecast period of 2015 to 2021. The demand for footwear has augmented largely due to the increasing online sales and changing lifestyles. Non-athletic footwear held highest market revenue share accounting to USD 23,191.0 million in 2014 and is expected to remain so throughout the forecast period.
The Europe athletic footwear market by type is sub categorized into insert shoe, sports (cross training), hiking shoes and backpacking boots. Non-athletic footwear market is sub categorized into- dress/formal, casual footwear and fashion footwear.
Geographically, U.K. led the footwear market in 2015 in terms of revenue and the region is expected to continue its dominance in 2021. Increasing purchasing power of youth population, growing fashion consciousness among consumers towards footwear products, product innovation and improvement in comfort levels of footwear is mainly driving the footwear market in U.K.
The report provides company market share analysis of the various industry participants in Europe which includes Adidas AG, Nike Inc, and Deichmann SE among others. In addition, the report also covers the footwear types in Europe. Key players operating in footwear market have also been profiled on the basis of company overview, financial overview, business strategies and recent developments. Major market participants profiled in this report are Adidas AG, Nike Inc., Bata Limited, Puma SE and Deichmann SE.
Footwear Market: By country
Rest of Europe
Footwear Market: By Type
The report provides a cross-sectional analysis of all the above segments with respect to the following countries:
Rest of Europe