Footwear Market Projected To Raise At USD 269.9 Billion By 2025 : Grand View Research Inc.
San Francisco, 24 October 2019: The Report Footwear Market Size, Share & Trends Analysis Report By Type (Athletic, Non Athletic), By End User (Men, Women, Children), By Region (North America, MEA, APAC, Europe, Central & South America), And Segment Forecasts, 2019 – 2025 The global footwear market size is expected to reach USD 269.9 billion by 2025 registering a CAGR of 3.8%, according to a new report by Grand View Research, Inc. Rising demand for fancy, convenient, and comfortable footwear is the major factor driving the market growth. Another factor driving the market is rising number of working individuals across the globe, which leads to increased sales of formal and semi-formal footwear. Companies are launching innovative products to increase customer engagement. For instance, in April 2019, Adidas America, Inc. introduced Game of Thrones sneakers. Women end user segment is expected to register the fastest CAGR of 4.3% from 2019 to 2025. Average spending on pers