Global Market Study on Footwear Sole Material: Non-Athletic Product Type Segment Anticipated to Show Steady Progress in Terms of Value Through 2024


Footwear Sole Material Market
  • Published On : Mar-2017 |
  • Pages : 268 Pages |
  • Format :

Persistence Market Research analyzes the global footwear sole material market in a new publication titled “Footwear Sole Material Market: Global Industry Analysis and Forecast, 2016–2024”. This study provides data for 2015 along with a comprehensive forecast for the period 2016–2024. The main objective of the report is to identify dynamics in the market and provide recent updates and insights affecting various segments of the global footwear sole material market. To provide better understanding of the market, the report also includes an analysis of drivers, restraints, trends on all five regions namely, Asia Pacific, North America, Europe, Latin America and the Middle East & Africa which influence the current market scenario and future status of the global footwear sole material market over the forecast period.

Global Footwear Sole Material Market: Segmentation

Material Type

Component

Product type

Gender type

Distribution Channel

Region

  • Leather
  • Rubber
    • Natural
    • Synthetic
  • Plastics
    • EVA
    • PU
    • PVC
    • Others
  • Other Materials
  • Mid sole
  • Unit sole
  • In sole
  • Out sole
  • Athletic
    • Running shoes
    • Soccer shoes
    • Basketball shoes
    • Tennis shoes
  • Non Athletic
    • Casual footwear
    • Fashion footwear
    • Military boots
  • Men
  • Women
  • Kids
  • Shoe stores
  • Retail stores
  • Supermarkets
  • Online
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Report Structure

To understand and assess market opportunities and trends, the global footwear sole material market report is categorically split into different sections based on market segmentation – by material type, by product, by component, by gender, by distribution channel and by region. The report starts with a market overview and provides market definition and taxonomy along with the value chain, region wise pricing analysis, drivers, restraints, and trends in the global footwear sole material market. The sections that follow include global footwear sole material market analysis – by material type, component, product, gender, distribution channel and regional/country level analysis. All the above sections evaluate the market on the basis of various factors affecting the global footwear sole material market. Each section discusses the qualitative and quantitative aspects of the global footwear sole material market. To give a brief idea about revenue opportunities from the various segments, the report also provides volume (Tonnes) data, absolute $ opportunity, and total incremental opportunity for each segment over the forecast period (2016-2024).

The final section of the report provides the global footwear sole material market structure and a detailed competition landscape with company market share and performance, to provide report audiences with a dashboard view of key players operating in the global footwear sole material market along with their business strategies. This section is intended to enable clients to assess strategies deployed by market leaders and help them develop effective strategies accordingly.

Research Methodology

For market data analysis, the report considers 2015 as the base year, with market numbers estimated for 2016 and forecast made for 2017–2024. To calculate the market size, the report considers the weighted average price of material across key geographies on a regional basis. To deduce market volume size, consumption of material has been considered. In order to provide an accurate forecast, the report starts by sizing up the current market, which forms the basis of how the global footwear sole material market is expected to develop in the future. Critical market data, including the base number and segmental splits, has been devised through in-depth secondary research. This data is then triangulated on the basis of different verticals, considering both supply side and demand side drivers and other dynamics of the various regional markets, along with primary interviews of manufacturers and industry experts operating in the global footwear sole material market. The forecast presented in the report evaluates the actual use of material and expected consumption in the global footwear sole material market over the forecast period.

The report also analyzes the different segments of the global footwear sole material market in terms of basis point share (BPS) to understand individual segments’ relative contribution to market growth. This detailed level of information is important for identifying the various key trends governing the global footwear sole material market. The report also analyzes the global footwear sole material market based on the absolute dollar opportunity. This usually overlooked while estimating the market forecast. However, from a sales perspective, it is essential to identify absolute dollar opportunity to identify potential resources in the global footwear sole material market. Persistence Market Research has developed a market attractiveness index to understand the key segments in terms of their performance and growth in the global footwear sole material market. This market attractiveness index would help clients identify real market opportunities in the global footwear sole material market.

Footwear can be of various types including boots, shoes, sandals, slippers, sneakers, etc. It can be made from different materials such as leather, rubber, plastic and textiles. Rubber can be classified into natural rubber and synthetic rubber. Plastic, on the other hand, can be classified into Ethyl Vinyl Acetate (EVA), Polyvinyl Chloride (PVC) and Polyurethane, among others. The global volume of footwear sole material was estimated to be approximately 4,258,566.4 Tonnes in 2015. The global footwear sole material market is estimated to register a CAGR of 4.1% between 2016 and 2024 and be valued in excess of US$ 20 Bn by 2024 end.

Factors influencing the global footwear sole material market growth

Growth of the footwear industry, especially in emerging economies such as India, China and ASEAN countries, is expected to be the key factor driving the demand for footwear. The increase in average salary in developing countries suggests that the proportion of the world population that makes the middle class category is increasing. This rise of middle class population is expected to fuel the global footwear industry. Consumers are in constant need of trendy and fashionable footwear. The need for comfortable, trendy and branded footwear among all age groups will propel the global footwear market. These factors will consequently boost the consumption and revenue growth of the global footwear sole material market.

Global Footwear Sole Material Market Analysis, by Product Type

Among the product types, the athletic footwear segment is expected to dominate the global footwear sole material market in terms of market volume by the end of 2024. The athletic footwear segment held significant share in the global footwear sole material market in 2015 and the segment is forecast to account for a little over 50% market value share by the end of 2024, with an increase of 80 basis points over the forecast period. The growth of the segment is largely attributed to the growing participation of people in sports and fitness related activities, necessitating the need to use athletic footwear. Fascination towards outdoor activities like running, hiking and cycling is expected to spur the growth of the athletic footwear segment. The athletic footwear segment is anticipated to witness 1.5 times growth in terms of value over the forecast period. The athletic footwear segment is estimated to be valued at more than US$ 8,500 Mn in 2017 and is projected to increase to over US$ 10000 Mn by the end of the forecast period, registering a CAGR of 4.3% in terms of value. This segment is anticipated to create incremental $ opportunity of more than US$ 3,300 Mn between 2016 and 2024.

Among the various sub-segments of the athletic footwear segment, the soccer shoes segment is slated to witness nearly 1.5 times growth in terms of value between 2016 and 2024 while the running shoes segment is expected to dominate the market in terms of value during the forecast period. The soccer shoes segment is projected to grow at a CAGR of 4.1% over the forecast period. The running shoes segment is estimated to be the largest sub-segment and is expected to retain its dominance during the forecast period, expanding at a CAGR of 4.6% in terms of value. The non-athletic footwear segment is anticipated to show steady progress over the forecast period, owing to a rise in demand for casual and fashionable footwear. The non-athletic segment is slated to be valued at more than US$ 10 Bn by 2024 end, creating incremental $ opportunity of over US$ 3,000 Mn between 2016 and 2024 and is expected to expand at a CAGR of 3.9% during the period of forecast.

footwear sole material market

Company Profiles

  • Nike Inc.
  • Adidas AG
  • Bata Limited
  • Puma SE
  • Columbia Sportswear Company
  • The Dow Chemical Company
  • Hunstman Corporation
  • BASF SE
  • Others.
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