Emerging Trends, Drivers and Challenges in the Online Footwear Market 2019-2023 | Technavio

Technavio has announced its latest market research report titled global online footwear market 2019-2023. (Graphic: Business Wire)

LONDON--()--The global online footwear market size is poised to grow by USD 70 billion during 2019-2023, according to a new report by Technavio, progressing at a CAGR of close to 5% during the forecast period.

Read the 123-page research report with TOC on "Online Footwear Market Analysis Report by product (non-athletic and athletic footwear) and geography (the Americas, APAC, and EMEA) 2019-2023 at: https://www.technavio.com/report/global-online-footwear-market-industry-analysis

The market is driven by the growth of e-commerce and m-commerce as online retail sales channels. Also, the advent of smart and customized footwear is anticipated to further boost the growth of the market during the forecast period.

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The growth of e-commerce and m-commerce as online channels across the globe is one of the significant factors that will impact the growth of the online footwear market during the forecast period. The growth of the global footwear market is expected to drive the development of the global online footwear market. The global footwear market is also expected to grow because of the increasing demand for customized footwear, smart shoes, and user-friendly comfortable shoes. Since the global e-commerce industry has been growing at an exponential pace, large volumes of footwear products are being sold through the online channel.

The advent of smart and customized footwear is another major factor that is anticipated to drive the growth of the global online footwear market. Smart and customized shoes are trending in the online footwear market. Customization and personalization are key strategies that vendors have been adopting to diversify their product portfolio. The introduction of innovative and technically advanced smart and customizable footwear also attracts and motivates consumers to invest in them. For instance, smart footwear, such as step-counting shoes, is gaining popularity among consumers engaged in athletic and fitness activities. In January 2018, Under Armour launched UA HOVR Phantom Connected shoes that track, analyze, and store virtual information about running metric.

To find out more about Online footwear Market Research 2019-2023, https://www.technavio.com/talk-to-us?report=IRTNTR30009

The report includes detailed profiles of the leading companies & prominent vendors of the market:

  • Adidas
  • Amazon
  • ASICS
  • eBay
  • Nike

Market Segmentation by Product:

The Online Footwear Market can be broadly categorized into the following product segment:

  • Non-athletic
  • Athletic

Key Regions for the Online Footwear Market:

Featuring a breakdown of region-wise market shares until 2019.

  • The Americas
  • APAC
  • EMEA

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

Related Reports on Consumer Discretionary are:

Footwear Market – Global Footwear Market by distribution channel (offline and online), product (non-athletic footwear and athletic footwear), end-users (women, men, and children), and geography (APAC, Europe, MEA, North America, and South America).

3D-Printed Footwear Market – Global 3D-Printed Footwear Market by end-user (men and women) and geography (APAC, Europe, MEA, North America, and South America).

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

 

Release Summary

The global online footwear market size is poised to grow by USD 70 billion during 2019-2023, according to a new report by Technavio

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com