Shoe with Knit Upper Market Top Products Mapping, Competitive Landscape and Key Developments
PORTLAND, OREGON, USA, September 28, 2022 /EINPresswire.com/ — According to a new report published by Allied Market Research, titled “Shoe with Market mesh upper By Type and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2018 – 2025, “The global Knitted Upper Footwear market size was $2,031.0 million in 2017 and is projected to reach $3,195 $.1 million in 2025, growing at a CAGR of 5.9% during the forecast The casual footwear segment dominated the global knitted upper footwear market in 2017 and is expected to maintain its dominance throughout the forecast period of the knitted upper shoes market.Knitted upper shoes are shoes in which the upper part of the shoe is made from machine-knitted fabric.These shoes provide sock-like comfort and maintain a look both fashionable and athletic.The knit upper shoe has become more and more popular among the young generation due to the strong influence of sports.The knit upper shoe neces ssite very little manual labor during manufacturing, allowing shoe manufacturers to bring production closer to their larger markets, lowering shipping costs and tariffs.
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By shoe type, the running shoes segment is expected to grow at the highest CAGR of 7.1% during the forecast period, driven by the increase in the number of children inspired by sports and the taking growing awareness of health and fitness around the world. However, the casual footwear segment generated nearly half of the overall revenue in 2017 and is expected to maintain its dominance through 2025, due to aggressive advertising and rising consumer disposable income.
By distribution channel, the e-commerce segment is expected to register the highest CAGR of 8.0% from 2018 to 2025, owing to the increasing penetration of internet and smartphones globally that facilitate online shopping. However, the specialty store segment is poised to continue dominating the global market due to its massive popularity and being perceived as a safer option by consumers.
Regionally, Asia-Pacific would continue to dominate the global market and occupy approximately three quarters of the global shares by 2025. This is attributed to the increase in the number of children inspired by sports in the region and the increasing precautions regarding foot health and injury. However, LAMEA is expected to grow at the fastest CAGR of 7.8% over the forecast period, owing to the growing adoption of sports and increasing disposable income of people.
Key takeaways from the Knitted Upper Shoe Market:
On the basis of type, the casual footwear segment has been the largest contributor to the growth of the knitted upper footwear market and is expected to grow at a CAGR of 5.0%, from 2018 to 2025.
Based on distribution channel, the specialty store segment was the largest contributor to the knitted upper footwear market by value in 2017 and is expected to grow at a CAGR of 4.4% from 2018 to 2025.
Based on type, the running shoes segment is expected to grow at the highest CAGR of 7.1% from 2018 to 2025.
Based on distribution channel, the e-commerce segment accounted for less than a third of the knitted upper footwear market share in 2017 and is expected to grow at a CAGR of 8.0%.
Based on the distribution channel, the other accounts segment is expected to grow at the higher CAGR of 6.2% during the forecast period.
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The major players analyzed in the report are Adidas AG, ASICS Corporation, K-Swiss, Nike, Inc., PUMA, and Skechers USA, Inc. They have adopted different strategies including collaborations, joint ventures, partnerships, expansions, mergers and acquisitions, and others to gain a strong position in the industry.
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