Prepared for Nicholas | Delivered January 21, 2020
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Provide an industry overview of the shoes/footwear market.
The global footwear market was valued at
as of 2018. This market is projected to grow at a
CAGR of 3.8%
Growth in this market globally is largely attributed to "
for convenient and comfortable footwear." Growth is also driven by the
, which is expanding rapidly.
The United States accounts for roughly
of this market, and athletic shoes account for roughly
of the US footwear market.
is expected to the largest and the fastest growing market for footwear in the world through 2025.
Athletic footwear is projected to be the fastest growing segment in terms of type of shoe, with a CAGR of
, on the other hand, will account for the largest market share through 2025.