GCC Footwear Market: Market Size, Share, Trends, Industry Analysis, Application Analysis, Growth and Forecast, 2023-2028” provides a deep and thorough evaluation of the GCC footwear market based on its segments including type, end-use, and region. The report tracks the latest industry trends and analyses their overall impact on the market. It also evaluates the market dynamics, which cover the key demand and price indicators, and studies the market on the basis of the SWOT and Porter’s Five Forces models.
Report Metrics
Historical Year: 2017-2022
Base Year: 2022
Forecast Year: 2023-2028
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Footwear refers to the articles worn as outer coverings for the feet to provide comfort and protection against the adversities of the environment, including temperature and ground terrain. They consist of a flexible upper layer manufactured using a wide variety of materials, such as wood, canvas, leather, jute, plastics, rubber, etc., with a soft sole and heel to support the weight of the wearer. Footwear is either machine or hand-made and is available for athletic and non-athletic purposes. Some common footwear variants are shoes, sneakers, sandals, slippers, etc., that are commercially available in several patterns, colors, and advanced technical fabrications. It is considered a symbol of luxury and class owing to its premiumization and innovation in quality.
Note: Our analysts are continuously monitoring the influence of the COVID-19 pandemic on the market. This insightful information is included in the report to improve the efficiency, resilience, and overall performance of businesses.
GCC Footwear Market Industry Trends and Drivers:
The increasing demand for superior quality footwear with enhanced convenience and comfort is primarily driving the GCC footwear market. Moreover, the launch of sports-focused footwear, such as cricket, football, basketball, and golf, owing to the growing health consciousness among the masses, is stimulating the market growth. Besides this, the escalating promotion of premium footwear by various celebrities on various social media platforms is acting as another significant growth-inducing factor. Furthermore, the introduction of eco-friendly footwear manufactured using sustainable materials and smart shoes consisting of pressure sensors to facilitate the easy functioning of self-lacing is also bolstering the regional market. Apart from this, the expansion of smartphones, easy internet connectivity, and the rising number of e-commerce platforms have led to the offer of convenient services, including flexible payment methods, exchange or return options, and monetary benefits to customers, which is expected to propel the GCC footwear market in the coming years.
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GCC Footwear Market Segmentation:
The market is segmented on the basis of type, end-use, and region.
- Type
- End-use
- Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape:
The report also provides insights on the competitive landscape of footwear with the leading players profiled in the report.
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