According to the latest report from the IMARC group, “GCC Footwear Market: Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027”, the GCC footwear market reached a value of US$4.3 billion in 2021. Looking ahead, IMARC Group expects the market expected to reach $5.6 billion by 2027, posting a CAGR of 4.27% during the period 2022-2027. Footwear, typically made from leather, plastic, jute, rubber, canvas, wood, and fabric, refers to the protective coverings worn on the feet. It includes sneakers, sandals, loafers, boots, flip flops, high heels, slippers, clogs, and shoes as standard product variants. Shoes help improve an individual’s physical posture, provide stability, prevent foot problems or pain, and provide optimal comfort. As a result, it is widely worn by individuals for fashion purposes and to protect against various ground textures, temperatures, and gravels.
Impact of COVID-19:
We regularly monitor the direct effect of COVID-19[feminine] in the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
Request a free sample report: https://www.imarcgroup.com/gcc-footwear-market/requestsample
Market Trends and Drivers:
Growing demand for practical, comfortable and premium footwear to enhance appearance is majorly driving the growth of the market in the GCC region. This is further supported by rising disposable incomes and changing consumer preferences.
Additionally, the use of specialized leather processing by manufacturers, resulting in increased production and export of leather products, complements the market growth in the region. Moreover, the launch of luxury shoes by brands and the extensive use of eco-friendly and recycled raw materials, including car tires, carpet padding, organic cotton and vegetable-dyed leather to produce shoes, are driving the market growth.
Additionally, the growing Internet penetration and continued use of e-commerce platforms buying goods during the COVID-19 pandemic promotes market growth. Additionally, the implementation of aggressive advertising strategies and growing consumer engagement in various sports and sports activities are fueling the growth of the market in the region.
Competitive Analysis and GCC Footwear Market Segmentation:
Competitive landscape with key players:
The competitive landscape of the GCC Footwear Market has been studied in the report along with the detailed profiles of key players operating in the market.
Key Market Segmentation:
The report has segmented the GCC footwear market on the basis of product, material, distribution channel, price, end-user, and country.
Breakdown by product:
- Non-athletic shoes
- Sport shoes
Breakdown by material:
Breakdown by distribution channel:
- Footwear specialists
- Supermarkets and Hypermarkets
- Departmental stores
- Clothing stores
- Online sales
Breakdown by price:
Breakdown by end user:
Breakdown by country:
- Saudi Arabia
- United Arab Emirates
Explore the full report with table of contents and list of figures: https://www.imarcgroup.com/gcc-footwear-market
Main highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market trends
- Market drivers and success factors
- Impact of COVID-19
- Value chain analysis
- Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we will provide it to you as part of the customization.
The IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all industries and geographies to identify their most important opportunities, address their most critical challenges and transform their businesses.
IMARC’s information products include major business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverages, travel and tourism, nanotechnology and new processing methods are at the top of the list. company expertise.
30 N Gould St, Ste R
Sheridan, WY 82801, United States
E-mail: [email protected]
Americas: +1-631-791-1145 | Europe and Africa: +44-753-713-2163 | Asia: +91-120-433-0800