Hands-Free Shoes Market
Hands-Free Shoes Market - Global Industry Analysis 2016 - 2020 and Opportunity Assessment 2021 - 2031
Hands-Free Shoes Market Segmented By Men and Women in Hypermarkets/Supermarkets, Specialty Stores, Multi-Brand Stores, Wholesalers/Distributors, Online Retailers, Direct Sales
Hands-Free Shoes Market Forecast and CAGR of ~11.1% - 11.9%
According to latest research by Persistence Market Research, hands-free shoes market is set to witness steady growth during 2021-2031. Growing awareness regarding health and fitness has led to an increase participation in physical activities and sports, which is driving the demand for the product. As a result, the hands-free shoes market is set to witness a CAGR of 11.1%-11.9%.
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What is Driving Demand for Hands-Free Shoes Market?
Increased awareness of fitness and health has resulted in a surge in the number of people participating in physical and sports activities, indicating positive market growth. Additionally, rising shoes innovation, such as increased functionality and lightweight running shoes, will have a positive impact on the market growth.
Furthermore, increasing purchasing power and income of consumers have fueled the growth of the hands-free shoe market. With rising income, people are willing to pay more for certain performance characteristics like moisture management, friction regulation, and waterproofing. In addition, the market is expected to gain traction in the coming years as the number of retail outlets, hypermarkets, and supermarkets grows.
However, due to the COVID-19 outbreak, major sports events like FIFA, Olympics and other scheduled in 2020 were cancelled or postponed. Moreover, major clubs, colleges, sports academics were shut down in response to government regulations, which has severely impacted the hands free shoes market.
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People to Have Access to Style, Regardless of Cognitive and Physical Ability is Complementing the Sales of the Product
Leading manufacturers are focusing on developing innovative products to meet the requirement of one billion people with some form of disability. Nike has designed a hands-free shoes, while Tommy Hilfiger has an exclusive range of the product.
It's a welcoming attitude from a brand that is closely associated with world-class athletes at the pinnacle of their physical disabilities. The company appears to be taking its mission statement seriously, as evidenced by the unveiling of the latest iteration of a shoe designed to be accessible to all.
The FlyEase by Nike is a laceless shoe. A shoe that one can literally walk into and out of without using your hands. This is especially good news for the millions of people who find tying their shoelaces a difficult task. Tying shoelaces can be difficult for people with a variety of disabilities, including autism, dyspraxia, cerebral palsy, hemiplegia, and many others. Thus paving the sales.
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US and Canada Hands-Free Shoes Market Outlook
North America holds a major share in the hands-free shoes market, owing to the growing popularity of sports and similar activity. Large number of people are participating the outdoor sports and adventurous activity which is likely going to have a positive impact on the market.
Moreover, presence of major player in the market like Nike in the region is fueling the demand for hands free shoes in the market.
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Europe Demand Outlook for Hands-Free Shoes Market
The demand for hands-free shoes in the European market is estimated to grow significantly in the upcoming years. The booming growth of e-Commerce businesses propelling the purchase of the product is likely to fuel demand.
Further, in countries like U.K, Germany, the proportion of women participating in sports events at national and international level is gradually catching up the pace, thereby providing growth opportunity for the manufacturers in the coming year.
Who are the Key Manufacturers of Hands-Free Shoes Market?
Some of the major manufacturers of hands-free shoes market include
- Nike Inc.
- Open Style Lab
- Tommy Hilfiger licensing LLC
- KIZIK Design LLC
- HANDS-FREE Inc.
- Among others.
By End User
By Sales Channel
- Specialty Stores
- Multi-Brand Stores
- Online Retailers
- Direct Sales
- Other Sales Channel
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Hands-Free Shoes Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.