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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

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

Related Reports:
The skating shoes market size is estimated to grow at a CAGR of 3.56% between 2022 and 2027. The market size is forecast to increase by USD 1,023.02 million. 

The trail running shoes market size is estimated to grow at a CAGR of 7.19% between 2022 and 2027. The market size is forecast to increase by USD 2,811.36 million. 

Premium Shoes Market Scope

Report Coverage

Details

Historic period

2017-2021

Growth momentum & CAGR

Accelerate at a CAGR of 7.38%

YoY growth 2022-2023 (%)

7.18

Regional analysis

Europe, North America, APAC, South America, and Middle East and Africa

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

About US

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact US:

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

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

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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