Middle East and Africa Driving Footwear Market, By Material Type (Leather, Natural Fibers, Synthetic, Others), Product Type (Shoes, Boots, Others), Vehicle Type (Four Wheeler, Two Wheeler), Sole Type (Rubber Sole, Anti-Slip Flexible Sole, PVC Sole, Others), Price Range (Mid-Range, Premium, Economic), Consumer Group (Men, Women), Distribution Channel (Offline, Online), Country (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 of Driving Footwear Market
The driving footwear market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to reach at an estimated value of USD 4,510.7 million by 2028 and to grow at a CAGR of 4.80% in the above-mentioned forecast period.
Driving footwear (also known as drivers or driving loafers) are the type of shoes which are being basically designed with rubber at the back of them to keep the movement smooth and easy within the pedals of the car. They are generally do not have laces and are easy to wear and can be used with or without socks which generally provides the same level of comfort, traction and flexibility.
The increasing number of billionaires is leading to an increase in demand for luxury car across the world, which is one of the major factors fostering the growth of the market. Additionally, the surging demand for trendy, comfortable and fancy footwear, growing preference to adopt a western lifestyle rising disposable incomes and the proliferation of e-commerce, smartphones and mobile internet connectivity among consumer also further carve the way for the growth of market. However, the various trade barriers imposed as well as the heavy taxes or duties charged on these imported products might impede the growth of market within the forecast period.
The increasing popularity of trendy, comfortable and fancy footwear and the various innovative advancements by manufacturers are expected to generate numerous growth opportunities in the long run. The presence of various counterfeits products in the market pose as a challenge for the market.
This driving footwear 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, geographic expansions, technological innovations in the market. To gain more info on driving footwear market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Middle East and Africa Driving Footwear Market Scope and Market Size
The driving footwear market is segmented on the basis of material type, product type, vehicle type, sole type, price range, consumer group and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of material type, the market is segmented into leather, natural fibers and others.
- On the basis of product type, the driving footwear market is segmented into boot, shoes and others.
- On the basis of vehicle type, the market is segregated into two-wheeler and four-wheeler.
- On the basis of sole type, the driving footwear market is segmented into anti-slip flexible sole, PVC sole, rubber sole and others.
- On the basis of price range, the market is segmented into economic, mid-range, premium.
- On the basis of consumer group, the market is bifurcated into men and women.
- On the basis of distribution channel, the driving footwear market is segmented into online and offline.
Driving Footwear Market Country Level Analysis
The driving footwear market is analyzing and market size insights and trends are provided by material type, product type, vehicle type, sole type, price range, consumer group and distribution channel as referenced above.
The countries covered in the driving footwear market report are 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).
The country section of the driving footwear market 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 Middle East and Africa 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 Driving Footwear Market Share Analysis
The driving footwear 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, Middle East and Africa 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 driving footwear market.
The major players covered in the driving footwear market report are PUMA SE, adidas AG, Alpinestars, Dainese S.p.A, SCOTT Sports SA., GIANNI FALCO S.R.L., SPARCO S.P.A., Piloti Inc., Guccio Gucci S.p.A., Tommy Hilfiger Licensing, LLC, Nike, Inc., ZARA, RUOSH, C&J Clark International, Hush Puppies, Steve Madden, LVMH among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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