Fact.MR Blog

The global men’s wear market  is expected to grow moderately and is influenced by several aspects in the market, to name a few, people have grown metrosexual and thus have a desire to look trendy and fashionable. This is the most important factor which is driving the growth of the market. The availability of disposable income is another primary aspect. People tend to spend on luxury wear, party wear, even sleep wear. The other important factor which is positively impacting the growth of the global men’s wear market is the rising footwear and people are also spending on formal boots, casual boots, etc. Moreover, casual wear and professional or formal wear seem to favor the growth of the global men’s wear market. Most of the people prefer shopping for casual wear to use on weekends, and formal wear during weekdays. There are many celebrity endorsements taking place to promote brands and make people aware of the new trends and premium quality products. This has triggered an increase...

The global footwear market from 2017-2022 and it is poised to record a modest  CAGR of 4.5% and be worth almost half a billion dollars by 2022.Footwear comprises various kinds of shoes designed for men, women, and children. Footwear consists of all types of shoes meant for both indoor and outdoor use and the different materials used are leather, natural rubber, synthetic rubber, EVA, PVC, PU, PU, textile, satin, jute, and canvas. Footwear can be premium, super-premium, economical and for fashion, casual use, therapeutic use, athletic, or protective use. 5 Key Takeaways on Global Footwear Market: 1-  The leather segment accounts for a revenue share of just under a fifth in the footwear market by product type. Even though the price of leather footwear can be a major impediment in the footwear market, the segment is anticipated to be worth more than US$ 85 billion by the end of the forecast period. Even though APEJ has the largest regional contribution, Europe should grow a...

Athletic footwear are used on a large scale by athletes. The global athletic footwear market is influenced by several aspects which have a direct influence on its growth. The rising participation of young population in sports, fitness activities is one of the major reasons which is pushing the growth of the market. The rise in the disposable income is also growing owing to higher income scales. Coupled with this aspect, the increasing awareness about healthy lifestyle is pushing the growth of the global athletic footwear market. The demand for innovative and comfortable footwear as well as increasing e-commerce retail sector is driving the growth of the global athletic footwear market. Innovations which have led to increased functionality, use of material which reduce the overall weight of the footwear and quick availability are few of the aspects which have a greater impact on the market in a positive way. Europe region is expected to show higher market attractiveness for the  g...