NEW YORK, Oct. 13, 2023 /PRNewswire/ — The premium shoes market is estimated to grow by USD 12.95 billion from 2022 to 2027, growing at a CAGR of 7.38%. The premium shoes market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer premium shoes market are Adidas AG, ASICS Corp., Avia, British Knights Int B.V., Brooks Sports Inc., Caleres Inc., Columbia Sportswear Co., Kering SA, Lotto Sport Italia Spa, Mason Garments B.V, New Balance Athletics Inc., Newton Running Co. Inc., Nike Inc., PUMA SE, Salvatore Ferragamo S.P.A., Skechers USA Inc., Steven Madden Ltd., The Rockport Co. LLC, Under Armour Inc., and VF Corp. For details on companies and their offerings – Buy a report!
Company Offering:
- Adidas AG – The company offers premium shoes such as Adidas sneakers, which include categories of cloud white and cloud blue.
- ASICS Corp. – The company offers premium shoes such as Gel Run Adapt, Gel Ease, Gel Kayano Lite 3, Gel Kinsei Blast Le2, and Gel Galaxy 8b.
- Avia – The company offers premium shoes such as the Avia Legacy 880, Avia Legacy 855, Avia Legacy 816, and women’s Avi Anchor.
- The report provides a full list of key companies, their strategies, and the latest developments. Download a FREE Sample before buying
By Geography, the market is classified as Europe, North America, APAC, South America, and Middle East and Africa. APAC will have the largest share of the market. By geography, Europe is estimated to contribute 32% to the growth of the global market during the forecast period. West-European countries such as the UK, Germany, France, Russia, and Spain are the major contributors to the regional market growth. Download a FREE sample report to get more insights on the market share of various regions and the contribution of the segments.
- Impactful driver- Celebrity endorsement helps strengthen the brand entity
- Key Trend – Product customization driving product demand
- Major Challenges – Rise in the cost of raw materials
Market Segmentation
- By Product, the sports shoes segment is significant during the forecast period. Factors such as the high concentration of players in developed and emerging economies, the large number of SKUs, and the growing scope of international and regional sports tournaments across the world drive the segment growth. The sports shoes segment is specifically designed for those consumers who are involved in activities such as training, running, and working out in gyms.
Technavio Research experts have provided more insights on the market share of segments – View a FREE Sample Report
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Premium Shoes Market Scope |
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Report Coverage |
Details |
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Historic period |
2017-2021 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.38% |
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YoY growth 2022-2023 (%) |
7.18 |
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Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
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Key countries |
US, China, France, Germany, and Italy |
TOC:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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SOURCE Technavio
Originally published at https://www.prnewswire.com/news-releases/premium-shoes-market-size-to-grow-by-usd-12-95-billion-from-2022-to-2027–market-is-fragmented-due-to-the-presence-of-prominent-companies-like-adidas-ag-asics-corp-and-avia-and-many-more—techanvio-301955251.html
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