ALBANY, N.Y.--(BUSINESS WIRE)--Transparency Market Research has announced the release of a research document titled “Footwear Market - Global Scenario, Trends, Industry Analysis, Size, Share and Forecast 2012 - 2018”. The global footwear market is expected to grow at a CAGR of 1.9% from 2012 to 2018, the report states. The market was valued at US$185.2 billion in 2011, and will achieve a worth of US$211.5 billion in 2018. The athletic footwear segment is expected to grow at a CAGR of 1.8% and garner a total worth of US$84.4 billion by 2018.
The non-athletic footwear segment is expected to grow faster, due to an increasing demand for fashion footwear, leisure footwear and successful marketing strategies such as celebrity endorsements.
By gender, male footwear sales were greater, holding nearly 52% of the market share. Children’s footwear is expected to grow at a CAGR of 3.7% during the forecast period.
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The report explores two major categories of the global footwear market, that of category and retail distribution. It also includes the general application areas of inserts, running shoes, aerobic shoes, ‘athleisure’ footwear, and walking shoes along with specialized areas such as hiking and backpacking boots.
Industrial Protective Footwear Market: http://www.transparencymarketresearch.com/industrial-protective-footwear.html
The report states the global footwear market has entered a steady and comfortable rate of growth due to the rising population and the increasing adoption of fashion trends in the world. At the same time, development in manufacturing technologies, improvements in materials used, and increasing levels of comfort for particular activities is also driving the global footwear market. There has been a significant rise in the demand for innovative footwear designs and an adherence to the retail culture.
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