The global footwear market could reach $2030 billion in 220
According to the forecast of the American marketing agency IndexBox, the volume of the global footwear market by 2030 may reach $220 billion, against $163,2 billion in 2022. Thus, the annual increase will be 3,8%, writes Fashion Network.
According to analysts, sports shoes will become the main driver of growth, their sales in 2025 could reach $100 billion.
IndexBox notes that Nike sold 2019% of global footwear sales in 31,6, while Adidas accounted for 21,7% in the same year.
It is assumed that the female market should grow faster than the male market due to the constant growth in the number of working women. China will remain the world's largest footwear manufacturer.
Economic instability and inflation will put pressure on consumers' budgets and encourage producers to be competitive on pricing, pushing the industry to develop new ways of producing.
According to the forecast of the American marketing agency IndexBox, the volume of the global footwear market by 2030 may reach $220 billion, against $163,2 billion in 2022. So the annual growth...
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Retail Arithmetic
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How to fire a worker without tears, scandal and trial
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