Strap Footwear Market Size, Product Segment and Growth Analysis till 2022
10th April 2019 – The global Strap Footwear Market is expected to display higher growth rate over the next five years. Rapid surge in the strap footwear market is credited to growing demand for trendy as well as comfortable strap footwear among all age groups across the globe. Factors responsible for driving the market growth, in the recent years, include burgeoning demand for designer footwear, increase in per capita income in both developed and developing economies, high-end clientele, and growing popularity of the strap footwear among men.
Additionally, robust growth in the fashion industry, rising demand for latest and improved footwear designs across the globe, and large-scale production in the Asia Pacific region are expected to fuel market growth of footwear market in the upcoming years. Globally, market is predicted to generate massive revenue over next five years, providing numerous opportunities for industry participants to invest in research and development of this market.
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In addition, various e-commerce retailers are adopting new techniques to understand customers buying behavior, thus vastly gaining competitive edge over their counterparts. However, increase in the number of local manufacturers and large-scale production, thereby increasing competitiveness are expected to limit market progress to a certain extent. Commonly, strap footwear industry majorly consists of men, women and children’s shoes. The strap footwear industry also comprises various types of outdoor and indoor shoes manufactured with the help of materials such as leather, plastic, and rubber.
Additionally, lower cost of strap footwear in Asia-Pacific market is expected to augment market demand in the near future. Recent developments in manufacturing technology adopted by industry players, has led to production of high performing and comfortable strap shoes.
The market is broadly categorized into major segments based on the application type such as kitten heels, platform heels, ankle Strap Footwearies, high heel sandals and cone heels. The ankle Strap Footwearies segment is growing rapidly in the strap footwear market with substantial revenue generation in the last few years.
The latest industry data included in the reports:
- Overall strap footwear market size, 2011-2022
- Strap footwear market size by product segment, 2011-2022
- Growth rates of the overall strap footwear market and different product segments, 2011-2022
- Shares of different product segments of the overall strap footwear market, 2011, 2017 and 2022
The market data is given for the following product segments:
- Strap footwear of plastics or rubber
- Strap footwear of leather
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The reports help answer the following questions:
- What is the current size of the strap footwear market in the world and in the top 10 global countries?
- How is the strap footwear market divided into different product segments?
- How are the overall market and different product segments growing?
- How is the market predicted to develop in the future?
- What is the market potential compared to other countries?
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