Jul 27, 2021 (MARKITWIRED via COMTEX) -- Poised for moderategrowth in the global revenue, women's footwear sales are projected to remainsteady over the next few years. Although slated for a steady year on yearrevenue growth of just-under 4% in 2019, the global women’s footwear market is projected for the revenue of over US$ 155billion by the end of 2019.
With evolvinglifestyle and constant product innovations in the footwear categories, it ismore likely that women's footwear manufacturers will discover high potentialgrowth opportunities over coming years.
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The women's footwearmarket analysis on the basis of the type of base material reveals that rubberowing to high endurance and versatility remains a highly preferred material forwomen's footwear over other material types such as leather, velvet, plastic,and textiles. Plastic is positioned as the second most favored base materialfor women's footwear.
Key Insights Drawnfrom Global Women's Footwear Market Report
The future belongs tofast lifestyle retailers adapting to online structure
Sustainable valuechain including online operators will be the best asset for manufacturers
Eco-friendly materialalternatives are emerging rapidly, though currently confined to a premiummarket segment
Sports shoes andcasual shoes account for more than 50% share in the total market value
Startups stepping incomfortable sneakers and athletic shoes will attract remarkable funds fromventure investors
Customization istrending women's footwear landscape
Designer sneakers arestepping in the market, confidently
Industry behemoths areteaming up with startup technology innovators for novel product development
Therapeutic women'sfootwear hold a promising outlook
North America'sWomen's Footwear Sales to Cross US$ 50 Bn Next Year
According to a newlypublished market intelligence by Future Market Insights, North America remainsthe largest regional shareholder in the global revenue of women's footwearlandscape, and will possibly exceed the valuation of US$ 50 billion in 2019.Asia Pacific and Western Europe are the next key markets for manufacturers anddistributors of women's footwear, according to the study.
Developed regionalmarkets are estimated for sluggish growth in sales in coming years, whereasemerging economies continue to experience steadily growing sales owing torapidly evolving consumer demographics and elevating spending power.
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Women's Footwear FashionIs Becoming Sporty and Casual
With lifestyle gaininga 'healthier' tag and regular dress codes becoming relaxed and casual, it ismost likely that sporty, comfortable, and casual women's footwear will maintainthe top selling position in market.