Global Loafers Market, By Product Type (Leather, Fabric, Others), Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, E-commerce, Online), (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Loafers Market
Loafers market size is expected to grow at a compound annual growth rate of 4% for the forecast period of 2021 to 2028 and is likely to reach a value of USD 31,000 million by 2028. Loafers market report analyses the growth, which is currently being growing due to the adoption of loafers in aviation industry.
Loafers are kind of footwear which are slipped on to an individual’s feet and do not have laces or a fastening system. Most loafers generally have either low or no heels and so these shoes have become a fashionable footwear staple.
The rapid rise in demand for designer footwear is one of the major factors anticipated to drive the loafers market growth rate. Moreover, the rapid transformation in lifestyles and the high demand for luxurious, designer footwear amongst the working-class population are also expected to fuel the growth of the loafers market in the forecast period of 2021 to 2028. Additionally, the rise in the requirements of stylish and comfortable footwear among the middle-aged working population and the increase in the disposable income are also expected to highly impact the growth of the loafers market. While, the increase in the manufacturing of the product and rise in the exports of these products are also amongst the major factors expected to fuel the growth of the loafers market in the above mentioned forecast period.
- In addition, the easy availability of a wide range of loafers products, rise in the demand for stylish, premium footwear among consumers and rise in the popularity of e-commerce companies are expected to bring various opportunities that will lead to the growth of the loafers market in the above mentioned forecast period.
However, the high cost of the loafers and the presence of counterfeit products are expected to act as a major limiting factor for loafers market, whereas the, challenges for new entrants can challenge the growth of the loafers market in the forecast period of 2021 to 2028.
This loafers market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on loafers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Loafers Market Scope and Market Size
Loafers market is segmented on the basis of product type and distribution channel. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product type, the loafers market is segmented into leather, fabric and others.
- Based on distribution channel, the loafers market is segmented into supermarkets and hypermarkets, specialty stores, e-commerce and online.
Loafers Market Country Level Analysis
Loafers market is analyzed and market size, volume information is provided by country, product type and distribution channel as referenced above.
The countries covered in the loafers market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific leads the loafers market because of the high disposable income levels among the growing middle-aged and high demand for designer footwear. Europe is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the high demand for stylish, premium footwear among consumers, particularly from the U.K. and Germany.
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 consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Loafers Market Share Analysis
Loafers 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, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to loafers market.
The major players covered in the loafers market report are PUMA SE, ADIDAS AG, Alpinestars, Allen Edmonds Corporation, GIANNI FALCO S.R.L., Lee Cooper, Wolf & Shepherd, Guccio Gucci S.p.A., Tommy Hilfiger Licensing BV., FILA Luxembourg, S.a.r.l., Nike, Inc., ZARA, RUOSH, C&J Clark International, SKECHERS USA, Inc., BATA INDIA LIMITED, Hush Puppies, Relaxo Footwears Limited, Woodland Worldwide and Louis Vuitton Malletier SAS among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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