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Transparency Market
Research
Footwear Market - Global Scenario, Trends, Industry
Analysis, Size, Share And Forecast 2012 - 2018
Published Date
2012-09-18
111 Page Report
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Press Release
Footwear Market to be worth US$211.5 Billion by 2018 due to
Increased Demand from Asia Pacific
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Footwear Market
REPORT DESCRIPTION
Footwear Market - Global Scenario, Trends, Industry Analysis, Size, Share And
Forecast 2012 – 2018
According to a recent market research report published by Transparency Market Research, the
global footwear market is expected to grow at a CAGR of 1.9% during the period from 2012 to
2018. The report, titled “Footwear Market - Global Industry Size, Market Share, Trends,
Analysis, and Forecast, 2012 - 2018” estimates the footwear market will reach a valuation of
US$211.5 billion by the end of 2018. The report points out that for the past few years the global
footwear market has witnessed a stable growth due to the rise in disposable income across major
economies, which has resulted in the increased adoption of latest fashion trends worldwide.
Rising retail culture and growing demand for innovative footwear designs have fuelled the
growth of the overall market. Increased awareness about healthy lifestyle has positively affected
the global footwear market as this has led to the demand for athletic footwear. Keeping pace
with teenage fashion is a major challenge faced by the footwear market. The report indicates
that the entry of new players and rise in pirated products in the developing economies will
hamper the growth of the existing players in the market. Celebrity endorsements coupled with
innovative promotional strategies is expected to open new opportunities for the global footwear
market during the forecast...