Global Custom Footwear Market to be Driven by Rising E-Commerce During the Forecast Period 2021-2026
30 NORTH GOULD STREET, WYOMING, USA, August 24, 2022 /EINPresswire.com/ — Expert Market Research’s new report titled “Global Custom Footwear Market Size Report and Forecast 2021-2026′, gives an in-depth analysis of the global custom footwear market by assessing the market based on its segments such as product, distribution channel, end-use, and major regions.
The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2016-2026)
Forecast CAGR (2021-2026): 4% (global footwear market)
The custom shoes market is propelled by the rise of e-commerce platforms. The online distribution channel enables shoe customization from the comfort of home, which reduces time consumption and complexity for users.
The availability of 3D printing technology reduces the time and manual labor involved in shoe manufacturing while providing greater variations in shoe customization. The increasing use of smartphones and social media has increased the influence of fashion culture in society. The custom shoe industry is expecting rapid growth with the growing exposure of custom shoes on social media.
Industry definition and major segments
Shoes that allow customers to specify their requirements before actual production are called custom shoes. They offer the advantage of higher quality compared to mass production. The shoe size fits the user perfectly and consumer satisfaction can be maximized by allowing the customer to be part of the production.
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Based on the product, custom shoes are classified into:
Running shoes
Walking shoes
Aerobics shoes
Hiking boots
Sport shoes
Others
Custom shoes are divided on the basis of distribution channel into:
Offline
On line
Based on end use, the industry is categorized as follows:
Men
Women
The report also covers regional custom footwear markets like North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.
Market trend
The custom shoes industry has flourished rapidly with the development of the latest and most diverse fashion trends in society. The different uses or wearing conditions of shoes now testify to a distinct variety of footwear. This is indicated by the use of trekking shoes for adventure in a rugged environment and various sports shoes for different sporting activities.
Special events such as weddings are currently witnessing specially customized outfits to enhance the charm of the occasion. Hosts are looking for custom shoes to stand out at the event which is accelerating the growth of custom shoes industry.
Main market players
Major players in the market are AliveShoes Inc., Bionda Castana Ltd, Edward Green & Co. Ltd., Crockett & Jones Ltd., Italian Shoe Factory, and Toesmith Shoes, Inc., among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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