Driving Footwear Market: A Latest Research Report to Share Industry Insights and Dynamics


Posted December 31, 2019 by Technonews

Driving Footwear Market: Product Scope, Overview, Industry Opportunities, Driving Forces and Risk Analysis
 
According to a new market report published by Transparency Market Research titled ‘Driving Footwear Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026, the global driving footwear market is expected to reach US$ 3,087.9 Mn by 2026, expanding at a CAGR of 3.7% from 2018 to 2026. In terms of volume, the market is expected to reach 19,259.9 ‘000 units by 2026, expanding at a CAGR of 3.5% from 2018 to 2026. Based on region, Europe held the highest market share in the global driving footwear market in 2017.The market is segmented by regions into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America.

The driving footwear market in North America holds the second largest share in the global driving footwear market and is expected to grow moderately over the forecast period. Driving boots hold the highest market share in North America among different types of driving footwear. Driving sneakers are seeing increasing demand and their growth is expected during the forecast period. The online driving footwear market is expected to grow faster than the offline driving footwear market. In 2018, the population in North America reached 494.4 million, of which about 40.0% is aged between 25-54 years. These are the major purchasers of online driving footwear. In 2018, internet penetration in North America reached 90.0% of the population. The U.S. holds the lion’s share in the North America driving footwear market, with a share of more than 80.0% expected by the end of the forecast period. As per Footwear Distributors and Retailers of America (FDRA), footwear is one of the most purchased items in the U.S. Per capita footwear consumption in the U.S. is seven pairs of shoes. The U.S. is one of the largest importers of footwear in the world. Almost all the footwear used in the U.S. is imported. As per current data from FDRA, 2.39 billion footwear pairs sold in the U.S. are imported and only 25 million footwear pairs are U.S. made.

driving footwear market
Request A Sample – https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=58473

The driving footwear market in Europe is the largest in the world and is expected to grow moderately over the forecast period. Driving boots hold the highest market share in Europe among different types of driving footwear and is expected to hold a market share close to 60.0% by the end of the forecast period. Driving sneakers which are widely popular in Europe are expected to see increased demand during the forecast period. The U.K., Germany, Italy, France, and Spain are major markets in the Europe driving footwear market, with a share close to 75.0% expected by the end of the forecast period. Europe is the largest footwear importer in the world.
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Transparency Market Research
Phone 05186181030
Business Address 90 State Street, Suite 700 Albany, NY 12207
Country United States
Categories News , Research , Science
Tags driving footwear , driving footwear market , driving footwears
Last Updated December 31, 2019