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The Global Footwear Market is expected to grow at a steady CAGR during the forecast period. The growing requirement for footwears that are more comfortable is one of the key factors due to which the market is anticipated to rev up during the forecast years. Presence of new innovative designs in addition to the increasing demand for leather footwear is positively influencing the market growth.
The Global Footwear Market is segmented based on type, material, distribution channel, end-user, company, and region. Based on type, the market can be categorized into athletic footwear and non-athletic footwear. Out of which, the athletic footwear segment is expected to grow at the highest CAGR during the forecast period on account of increasing awareness about health and fitness. In addition to this, rising popularity of global sporting events, is further contributing to the growing trend.