Description
Formal Shoes Market Analysis
Market Overview
The worldwide formal shoes market is projected to enlist a CAGR of 11.82% during the survey time frame. Formal shoes are a fundamental piece of the outfits utilized for everyday office, parties, and significant gatherings. Formal shoes have been grouped into different styles like ballet performers, donkeys, oxfords, derbies, boots, and so on. These shoes give a very formal shift focus over to the dress. Formal shoes have seen obvious improvement in the new years, as they are staggeringly pleasing and give a fair plan verbalization even in legitimate looks. The larger pieces of the customary shoes are made of cowhide.
Instructive mindfulness among ladies, combined with financial turn of events, underlines the advancement in the cooperation of ladies in the corporate areas in arising countries. Legislatures are additionally supporting the ladies labor force and stepping up to the plate and work on female financial strengthening and limit the hole in workforce cooperation among guys and females. The developing working ladies populace has prompted an expanded per capita discretionary cashflow of the shoppers, which has changed customer spending conduct. Also, ladies working in the corporate area need to wear formal shoes according to the clothing regulation standards, subsequently supporting the formal shoes market. Inferable from the rising populace of working ladies, the business of ladies’ formal shoes have been expanding at a high speed across the globe. The rise of new plans, ideas, and subjects in the ladies’ formal footwear market is additionally driving its development around the world. The developing fame of eco-accommodating footwear is another variable emphatically affecting the ladies’ formal footwear market. Enhancements in the ongoing ways of life of people are expected to drive the deals of formal shoes sooner rather than later. These days, ladies can manage the cost of sumptuous and costly brands of formal shoes because of their expanded pay and monetary freedom. This variable makes a rewarding market for ladies’ formal shoes.
Segment Overview
The global market for formal shoes has been divided into ballerina, mules, oxfords, derbies, boots, and others based on product type. Men’s and women’s formal shoes have separate segments in the global market based on end-user. The global market for formal shoes has been divided into store-based and non-store-based segments based on the distribution channel.
Regional Analysis
Europe accounted for the largest market share of 31.72% in 2020. North America was the second-largest market in 2020 and is projected to exhibit a CAGR of 11.64% during the review period. The market in Asia-Pacific is expected to register the highest CAGR of 12.32% during the forecast period.
Europe accounted market share of 31.72% of the global formal shoes market in terms of value in 2020. Europe contributes significantly to the formal shoes market owing to the European footwear sector covering a wide variety of materials (leather, rubber, textiles, and plastics) and products ranging from different types of shoes for men, women, and children to more specialized products such as formal boots and protective shoes. In addition, the European market is mainly driven by the increasing consumer inclination towards high-end and premium footwear ranges in formal categories. This is due to an overall increase in economic growth and an improvement in consumer purchasing power. This, in turn, creates positive prospects for the market.
North America accounted market share of 27.85% of the global formal shoes market in terms of value in 2020. Rising fashion awareness among consumers is propelling the growth of the North American formal shoes market. In addition, innovations in product design, health and wellness trends, and active promotions by footwear manufacturers are driving demand for formal sports shoes across the region.
Major Players
Key players in the global Formal Shoes market include Ingredion C. & J. Clark International (UK), Dolce & Gabbana Luxembourg S.r.l. (Italy), Cole Haan (US), The Aldo Group Inc. (Canada), ECCO Sko A/S (Denmark), Bata Limited (Switzerland), Hush Puppies (US), Steve Madden Ltd (US), Kenneth Cole Productions, Inc. (US), and Roush (India).
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 13
1.1 MARKET ATTRACTIVENESS ANALYSIS 15
1.1.1 GLOBAL FORMAL SHOES MARKET, BY PRODUCT TYPE 16
1.1.2 GLOBAL FORMAL SHOES MARKET, BY END USER 17
1.1.3 GLOBAL FORMAL SHOES MARKET, DISTRIBUTION CHANNEL 18
1.1.4 GLOBAL FORMAL SHOES MARKET, BY REGION 19
2 MARKET INTRODUCTION 20
2.1 DEFINITION 20
2.2 SCOPE OF THE STUDY 20
2.3 RESEARCH OBJECTIVE 20
2.4 MARKET STRUCTURE 20
2.5 KEY BUYING CRITERIA 21
3 RESEARCH METHODOLOGY 22
3.1 RESEARCH PROCESS 22
3.2 PRIMARY RESEARCH 23
3.3 SECONDARY RESEARCH 24
3.4 MARKET SIZE ESTIMATION 24
3.5 FORECAST MODEL 26
3.6 LIST OF ASSUMPTIONS & LIMITATIONS 27
4 MARKET DYNAMICS 28
4.1 INTRODUCTION 28
4.2 DRIVERS 29
4.2.1 INCREASING WORKING WOMEN POPULATION IN EMERGING COUNTRIES 29
4.2.2 GROWTH OF THE ORGANIZED RETAIL SECTOR IN ASIA-PACIFIC 29
4.2.3 DRIVERS IMPACT ANALYSIS 30
4.3 RESTRAINT 30
4.3.1 PREVALENCE OF THE UNORGANIZED SECTOR 30
4.3.2 RESTRAINTS IMPACT ANALYSIS 30
4.4 OPPORTUNITIES 31
4.4.1 INFLUENCE OF SOCIAL MEDIA AND INNOVATIVE MARKETING STRATEGIES 31
4.5 CHALLENGES 31
4.5.1 SLOWDOWN IN THE GLOBAL FOOTWEAR INDUSTRY DUE TO COVID-19 31
5 MARKET FACTOR ANALYSIS 32
5.1 VALUE CHAIN ANALYSIS 32
5.1.1 RAW MATERIAL PROCUREMENT 32
5.1.2 PROCESSING 33
5.1.3 PACKAGING 33
5.2 SUPPLY CHAIN ANALYSIS 33
5.3 PORTER’S FIVE FORCES MODEL 34
5.3.1 THREAT OF NEW ENTRANTS 34
5.3.2 BARGAINING POWER OF SUPPLIERS 35
5.3.3 BARGAINING POWER OF BUYERS 35
5.3.4 THREAT OF SUBSTITUTES 35
5.3.5 INTENSITY OF RIVALRY 35
5.4 IMPACT OF THE COVID-19 OUTBREAK ON THE GLOBAL FORMAL SHOES MARKET 36
5.4.1 IMPACT ON PRODUCTION 36
5.4.2 IMPACT ON SUPPLY CHAIN 36
5.4.3 IMPACT ON RAW MATERIALS 37
5.4.4 IMPACT ON CONSUMER BUYING BEHAVIOR 37
5.4.5 IMPACT ON PRICE 37
5.4.6 CASH FLOW CONSTRAINTS 37
6 GLOBAL FORMAL SHOES MARKET, BY PRODUCT TYPE 38
6.1 OVERVIEW 38
6.1.1 GLOBAL FORMAL SHOES MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2021–2028 39
6.2 BALLERINA 39
6.2.1 BALLERINA: MARKET ESTIMATES & FORECAST, BY REGION, 2021–2028 39
6.3 MULES 40
6.3.1 MULES: MARKET ESTIMATES & FORECAST, BY REGION, 2021–2028 40
6.4 OXFORDS 40
6.4.1 OXFORDS: MARKET ESTIMATES & FORECAST, BY REGION, 2021–2028 40
6.5 DERBIES 41
6.5.1 DERBIES: MARKET ESTIMATES & FORECAST, BY REGION, 2021–2028 41
6.6 BOOTS 41
6.6.1 BOOTS: MARKET ESTIMATES & FORECAST, BY REGION, 2021–2028 41
6.7 OTHERS 42
6.7.1 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2021–2028 42
7 GLOBAL FORMAL SHOES MARKET, BY END USER 43
7.1 OVERVIEW 43
7.1.1 GLOBAL FORMAL SHOES MARKET ESTIMATES & FORECAST, BY END USER, 2021–2028 44
7.2 MEN 44
7.2.1 MEN: MARKET ESTIMATES & FORECAST, BY REGION, 2021–2028 44
7.3 WOMEN 45
7.3.1 WOMEN: MARKET ESTIMATES & FORECAST, BY REGION, 2021–2028 45
8 GLOBAL FORMAL SHOES MARKET, BY DISTRIBUTION CHANNEL 46
8.1 OVERVIEW 46
8.1.1 GLOBAL FORMAL SHOES MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2021–2028 47
8.2 STORE-BASED 47
8.2.1 STORE-BASED: MARKET ESTIMATES & FORECAST, BY REGION, 2021–2028 47
8.3 NON-STORE-BASED 48
8.3.1 NON-STORE-BASED: MARKET ESTIMATES & FORECAST, BY REGION, 2021–2028 48
9 GLOBAL FORMAL SHOES MARKET, BY REGION 49
9.1 OVERVIEW 49
9.2 NORTH AMERICA 51
9.2.1 US 53
9.2.2 CANADA 54
9.2.3 MEXICO 55
9.3 EUROPE 56
9.3.1 UK 58
9.3.2 GERMANY 59
9.3.3 FRANCE 60
9.3.4 ITALY 61
9.3.5 SPAIN 62
9.3.6 REST OF EUROPE 63
9.4 ASIA-PACIFIC 64
9.4.1 CHINA 66
9.4.2 INDIA 67
9.4.3 JAPAN 68
9.4.4 AUSTRALIA & NEW ZEALAND 69
9.4.5 REST OF ASIA-PACIFIC 70
9.5 REST OF THE WORLD 71
9.5.1 SOUTH AMERICA 73
9.5.2 MIDDLE EAST 74
9.5.3 AFRICA 75
10 COMPETITIVE LANDSCAPE 76
10.1 INTRODUCTION 76
10.1.1 MARKET STRATEGY ANALYSIS 76
10.2 COMPETITIVE BENCHMARKING 77
10.3 KEY DEVELOPMENTS & GROWTH STRATEGIES 78
10.3.1 MERGERS & ACQUISITIONS 78
10.3.2 PARTNERSHIP 78
11 COMPANY PROFILES 79
11.1 C. & J. CLARK INTERNATIONAL 79
11.1.1 COMPANY OVERVIEW 79
11.1.2 FINANCIAL OVERVIEW 79
11.1.3 PRODUCTS OFFERED 79
11.1.4 KEY DEVELOPMENTS 80
11.1.5 SWOT ANALYSIS 80
11.1.6 KEY STRATEGIES 80
11.2 DOLCE & GABBANA LUXEMBOURG S.R.L. 81
11.2.1 COMPANY OVERVIEW 81
11.2.2 FINANCIAL OVERVIEW 81
11.2.3 PRODUCTS OFFERED 81
11.2.4 KEY DEVELOPMENTS 81
11.2.5 SWOT ANALYSIS 82
11.2.6 KEY STRATEGIES 82
11.3 COLE HAAN 83
11.3.1 COMPANY OVERVIEW 83
11.3.2 FINANCIAL OVERVIEW 83
11.3.3 PRODUCTS OFFERED 83
11.3.4 KEY DEVELOPMENTS 83
11.3.5 SWOT ANALYSIS 84
11.3.6 KEY STRATEGIES 84
11.4 THE ALDO GROUP INC. 85
11.4.1 COMPANY OVERVIEW 85
11.4.2 FINANCIAL OVERVIEW 85
11.4.3 PRODUCTS OFFERED 85
11.4.4 KEY DEVELOPMENTS 86
11.4.5 SWOT ANALYSIS 87
11.4.6 KEY STRATEGIES 87
11.5 ECCO SKO A/S 88
11.5.1 COMPANY OVERVIEW 88
11.5.2 FINANCIAL OVERVIEW 88
11.5.3 PRODUCTS OFFERED 88
11.5.4 KEY DEVELOPMENTS 88
11.5.5 SWOT ANALYSIS 89
11.5.6 KEY STRATEGIES 89
11.6 BATA LIMITED 90
11.6.1 COMPANY OVERVIEW 90
11.6.2 FINANCIAL OVERVIEW 90
11.6.3 PRODUCTS OFFERED 91
11.6.4 KEY DEVELOPMENTS 91
11.6.5 KEY STRATEGIES 91
11.7 HUSH PUPPIES 92
11.7.1 COMPANY OVERVIEW 92
11.7.2 FINANCIAL OVERVIEW 92
11.7.3 PRODUCTS OFFERED 92
11.7.4 KEY DEVELOPMENTS 92
11.7.5 KEY STRATEGIES 92
11.8 STEVE MADDEN LTD 93
11.8.1 COMPANY OVERVIEW 93
11.8.2 FINANCIAL OVERVIEW 93
11.8.3 PRODUCTS OFFERED 94
11.8.4 KEY DEVELOPMENTS 94
11.8.5 KEY STRATEGIES 94
11.9 KENNETH COLE PRODUCTION, INC. 95
11.9.1 COMPANY OVERVIEW 95
11.9.2 FINANCIAL OVERVIEW 95
11.9.3 PRODUCTS OFFERED 95
11.9.4 KEY DEVELOPMENTS 95
11.9.5 KEY STRATEGIES 95
11.10 ROUSH 96
11.10.1 COMPANY OVERVIEW 96
11.10.2 FINANCIAL OVERVIEW 96
11.10.3 PRODUCTS OFFERED 96
11.10.4 KEY DEVELOPMENTS 97
11.10.5 KEY STRATEGIES 97
12 REFERENCES 98
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