Footwear sales in China were valued at USD 58.8 billion in 2015 and is expected to reach at USD 79.9 billion by 2020 growing at a CAGR of 6.3% in the period.
North Asia is the biggest manufacturer of footwear in the world, accounting for 70% of the overall production in the industry. In 2014, the global footwear market was valued at approximately USD 208 billion, and is projected to reach USD 258 billion by the year 2023. Worldwide, retail sales of sport shoes was valued at USD 66.8 billion in 2010 and had grown to USD 108.1 billion by the end of 2016.
The footwear industry is one of the rapidly expanding industries globally. Increasing demand for new and innovative footwear and emergence of various global as well as regional brands in the footwear category is primarily driving the market. Innovative and trendy footwear are being consistently manufactured by leading market players due to advancement in the footwear manufacturing process, technological innovations, and development of new material.
China is globally the largest footwear manufacturer, consumer and exporter in the world. The demand for footwear in the country is being boosted by rising disposable income, increasing westernization, growing health consciousness and growth of e-commerce.
Key Topics Covered:
1. Analyst Opinion
2. Global Footwear Market
2.2 Market Statistics & Performance
3. China Footwear Market
3.2 Market Statistics & Performance
4. Competitive Landscape
4.1.1 Yue Yuen Industrial (Holdings) Ltd
4.1.2 Li-Ning Company Limited
4.1.3 Belle International Holdings Limited
4.1.4 ANTA Sports Products Limited
4.1.5 Nike, Inc.
5. Industry Speak
6. List of Charts & Graphs
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