Footwear Market To See Increased Demand For Comfortable & Fashionable Footwear

The increasing demand for comfortable and fashionable footwear among all age groups, followed by increasing participation in sports activities, is one of the important factors driving the growth of this market. Increasing awareness, regarding the health benefits followed by changing lifestyle of consumers, is another factor expected to trigger the market growth. The global athletic footwear market is highly-competitive with different players making huge investments in brand building and marketing channels.

The global athletic footwear is accounted for $ 37.76 bn in 2017 growing with a CAGR of 5.1% during the forecast period from 2018 to 2026. Technological advancement in the athletic footwear industry enabled the companies to manufacture quality products with an objective to fulfill the growing requirement of consumers. Consumers are also willing to spend more on footwear owing to the adoption of high-quality raw material and using of various machines that aim to produce accurate and precise products keeping in mind the comfort of consumers. Companies are also focusing on adopting 3-D printing technology with an objective to produce quality shoes in less time.