Europe Footwear Market Size is expected to grow approximately at a CAGR of 8.5% during the forecast period: Transparency Market Research

In a comprehensive study conducted by Transparency Market Research (TMR), the Europe footwear market is predicted to reach a significant worth of US$ 572.5 billion by the culmination of 2031. The report underlines an encouraging growth trajectory, foreseeing the market's expansion at a commendable CAGR of 8.5% during the projection period spanning from 2021 to 2031.

The key purpose behind the TMR report is to provide an all-encompassing evaluation of the global market, focusing on major stakeholders within the Europe Footwear industry. The report elucidates the historical and present market conditions, offering insights into the anticipated market size and emerging trends. Furthermore, the report offers a wealth of information concerning volume, share, revenue, production, and sales within the market.

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The report by TMR is the end-product of a study performed using different methodologies including the PESTEL, PORTER, and SWOT analysis. The study with the help of these models shed light on the key financial considerations that players in the Europe Footwear market need to focus on identifying competition and formulate their marketing strategies for both consumer and industrial markets. The report leverages a wide spectrum of research methods including surveys, interviews, and social media listening to analyze consumer behaviors in its entirety.

Europe Footwear Market: Industry Trends and Value Chain

The study on the Europe Footwear market presents a granular assessment of the macroeconomic and microeconomic factors that have shaped the industry dynamics. An in-depth focus on industry value chain help companies find out effective and pertinent trends that define customer value creation in the market. The analysis presents a data-driven and industry-validated frameworks for understanding the role of government regulations and financial and monetary policies. The analysts offer a deep-dive into the how these factors will shape the value delivery network for companies and firms operating in the market.

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Europe Footwear Market: Key Segments

In terms of type, the athletic footwear segment is expected to dominate the footwear market during the forecast period. Rising tendency among women to incorporate athletic footwear in daily life is likely to increase volume sales of footwear during the forecast period. Women constitute around 40% of the overall market. The market is expected to witness stiff competition in the future, due to entry of footwear specialists and international retailers. Domestic retailers are continuously focused on offering trending footwear styles and brands at competitive prices in order to strengthen their foothold in the industry.

In Europe, textiles are available in a wide array of colors and varieties. The possible variations in textiles include different fibers, denier (or fabric weight), weaves, and knits. One key advantage of textile shoes is their versatility in styles and designs. Like their textile counterparts, synthetic materials also come in a variety of colors and textures. In addition, rubber and leather are the most commonly used material in shoes to make soles. While not the only material used to make outsoles, rubber and leather are among the most popular in sports shoes (running shoes and tennis shoes).

In terms of price, the mass category seems to be attractive among consumers while purchasing footwear products. A large percentage of customers opt for these products. In addition, promotion of premium products by offering large discounts is likely to appeal to customers. European customers are also highly inclined toward purchasing premium products. Supply of limited stock footwear products having better quality features and brand prospects through company websites is influencing growth of the footwear market.

In Europe, the online segment is expected to expand at a rapid pace, owing to increase in the number of users of Internet-based devices in the region. In addition, consumers find online shopping to be the most convenient, as it provides attractive offers and satisfactory experiences of shopping and transaction. In Europe, specialty stores fulfilling the requirements of consumers with innovative products and attractive offers is expected to boost the growth of the footwear market. Department stores with limited presence are expected to grow gradually. However, individual retailers and company outlets having strong relationships with end-users is expected to boost the market in the near future.

Europe Footwear Market: Key Players

Adidas AG
Bata Corporation
Fal Calzados de Seguridad S.A.
FILA
Fluchos
G&G Footwear S.r.l.
Gabor Shoes
Imac Group Spa
Nike, Inc.
PUMA SE
Tolino
William Lamb Footwear Ltd.

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Europe Footwear Market: Segmentation

Footwear Market, by Type

Athletic
Running & Cross Training/Tennis Shoe
Soccer/Football Shoe
Golf Shoe
Basketball Shoe
Hiking Shoe
Baseball Shoe
Others
Non-athletic
Casual Shoes
Dress Evening
Military Boots
Lite Hiking Outdoor Sandal
Formals
Others

Footwear Market, Material Type

Leather
Textiles
Other Synthetics

Footwear Market, End-user

Men
Women
Kids

Footwear Market, Price

Mass
Premium

Footwear Market, Distribution Channel

Online
E-commerce Websites
Company Owned Websites
Offline
Hypermarket & Supermarket
Specialty Stores
Other Retail Stores

Footwear Market, by Region

Europe
U.K.
Germany
France
Rest of Europe

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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

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