Europe Footwear Sole Material Market, By Product (Non-Athletic, Athletic), Soling Material (Rubber, Polyurethane, EVA, PVC, Bio-Materials), Sole Component (Outsole, Inner Sole), Sole Type (Repair Soles, New Soles), Distribution Channel (Direct Sale/B2B, Specialty Store, E-Commerce, Others), End-user (Men, Women, Kids), Country (Germany, France, U.K., Turkey, Russia, Switzerland, Italy, Spain, Portugal, Belgium, Netherlands and Rest of Europe), Industry Trends and Forecast to 2029
Market Analysis and Insights: Europe Footwear Sole Material Market
Europe Footwear Sole Material Market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing at a CAGR of 5.5% in the forecast period of 2022 to 2029 and is expected to reach USD 6,949,606.20 thousand by 2029.
Shoe soles are made from a variety of materials, including natural rubber, leather, polyurethane, and PVC compounds. The materials consist of natural and synthetic materials, including leather and polymers, among others, finding application in the manufacture of footwear soles. Numerous materials are employed for the manufacture of footwear soles depending on the type of footwear, its application, and environment in which it is utilized. Some of the major materials include rubber, daintier and thermoplastic polyurethane. These materials are flexible, strong, and offer ultimate comfort to the wearer’s feet.
Growth in the regional markets has been and continues to be encouraged by the fact that many people now regard footwear to be a fashion item, as well as strong demand for creative and original footwear. Rising consumer acceptance of comfortable and stylish footwear across all age groups is also boosting demand in these regions. Rising interest and involvement in numerous sports, as well as changing lifestyles, are driving the adoption of athletic footwear, even among non-athletes. However, producers' carelessness in utilizing low-quality raw materials is also limiting the market.
This footwear sole material market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Europe Footwear Sole Material Market Scope and Market Size
The Europe footwear sole material market is categorized into six notable segments which are product, soling material, sole component, sole type, distribution channel and end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the Europe footwear sole material market is segmented into athletic and non-athletic.. In 2021, in Europe, the non-athletic segment is expected to dominate due to the large number of manufacturers of non-athletic shoes present in the region.
- On the basis of the soling material, the Europe footwear sole material market is segmented into polyurethane, rubber, EVA, PVC, bio-materials and others. In 2021, in Europe, rubber is expected to dominate the market due to cheap rubber manufacturing cost available in the region.
- On the basis of sole component, the Europe footwear sole material market is segmented into outsole and innersole. In 2021, in Europe, outsoles dominate the market due to the affinity for various fashionable outsole manufactured in the regions such as Paris.
- On the basis of sole type, the Europe footwear sole material market is segmented into new soles and repair soles. In 2021, in Europe, the new soles segment is expected to dominate the market due to the culture and living standard of majority of the region
- On the basis of distribution channel, the Europe footwear sole material market is segmented into direct sale/B2B, e-commerce, specialty stores and others. In 2021, in Europe, the retail/B2B segment is expected to dominate the market due to the large number of direct brand stores present in the market.
- On the basis of end-user, the market is segmented into men, women and kids. All the three segments are sub-segmented into non-athletic and athletic based on product. In 2021, in Europe, women segment is expected to dominate due to the launch of variety of women’s footwear in the region
Europe Footwear Sole Material Market Country Level Analysis
The Europe footwear sole material market is categorized into six notable segments which are product, soling material, sole component, sole type, distribution channel and end-user.
The countries covered in Europe Footwear Sole Material Market report are Germany, France, U.K., Turkey, Russia, Switzerland, Italy, Spain, Portugal, Belgium, Netherlands, and Rest of Europe. Germany has been dominationg the Europe footwear sole material market due to the rising demand for footwear soles for daily wear in the country.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Europe brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Increase demand in sports activities
With the growth in sports and leisure activities in the nations, there is a greater need for various types of shoes with different types of soles. The lightweight sole provides flexibility and allows the athlete to use the footwear in rough and difficult circumstances. Sports shoes make feet more breathable and give a comfortable walking experience for both men and women. The international footwear industry is seeing an increase in demand for various types of sports shoes, including numerous manufacturers who export light weight sole sports shoes to other nations.
Competitive Landscape and Footwear Sole Material Market Share Analysis
Europe footwear sole material market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to Europe Footwear Sole Material Market.
The major market players engaged in the Europe Footwear Sole Material Market are Huntsman International LLC, INOAC CORPORATION, Allbirds, Inc., Soles by MICHELIN, Vibram Commerce LLC, Unisol India, The Goodyear Tire & Rubber Company, Pirelli & C. S.p.A., Hankook Tire & Technology Co.,Ltd., Aloft – Soles for Technical Footwear, Asahi Kasei Corporation, Solvay, Dow, Aybroad Sports Company LTD, Xiamen KON Technology Co.,Ltd, Kingseason, Resimol Shoe Soles, Joaquín Gallardo e Hijos S.L., JH SHOE SOLE CO., Ltd, FOUNDATION WELLNESS, and QUANZHOU MOR RUBBER&PLASTIC CO.,LIMITED among others.
For instance,
- In March, 2021, Aloft- Soles for technical wear, launched its first products using production waste, creating solutions in the technical, professional and firefighter footwear that meet the standards and that integrate recycling and sustainability solutions from the ground up. This product was launched to bring new variety in their product portfolio in terms of environmental concerns.
- In February, 2020, The Goodyear Tyre & Rubber Company collaborated with SKECHERS on footwear in utilization of Goodyear rubber technology in custom Skechers outsoles that will deliver increased grip, stability and durability. This partnership was made to bring variety in the product portfolio range of the footwears.
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