The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Rising expenditure on branded luxury items is likely to promote innovation in footwear store manufacturing, propelling the market during the forecast period.

The global footwear stores market is expected to grow from $199.55 billion in 2022 to $216.71 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The global footwear stores market size is expected to reach $279.44 billion in 2027 at a CAGR of 6.6%.

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Global Footwear Stores Market Segments Include:

• By Type: Athletic, Non-Athletic
• By Material: Leather, Non-Leather (Rubber)
• By Store Type: Offline Retail Stores, Online Retail Stores
• By End User: Men, Women, Children
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global footwear stores market in 2021.

Major Market Players in the footwear stores market include Adidas AG, Nike Inc., PUMA SE, Under Armour Inc., Skechers U.S.A Inc, Geox S.p.A, VF Corporation, Crocs Inc., ECCO Sko A/S, Wolverine Worldwide Inc., FILA Holdings Inc.

Footwear shop innovations are a crucial trend that is gaining traction in the footwear store sector. To maintain their market position, major corporations in the footwear retail sector are opening digitally equipped stores. For example, Puma, a German footwear business, will open its largest shop in Gurgaon, India, in October 2021. This 7,000-square-foot store is a digitally integrated experience store with digital touchpoints to attract digitally savvy people who are increasingly shopping online.

The Footwear Stores Global Market Report 2023  provides a footwear stores market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The footwear stores market forecast analyzes footwear stores market size, footwear stores market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Footwear stores deal with the distribution and supply of footwear items such as shoes, boots, sandals, and slippers made of various materials such as wood, canvas, jute, plastic, and rubber. Footwear products are primarily intended to protect and support the feet when walking or engaging in other activities, as well as to make a fashion statement and express personal style.

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