North America Driving Footwear Market, By Material Type (Leather, Natural Fibers, Synthetic and Others), Product Type (Shoes, Boots and Others), Vehicle Type (Four Wheeler and Two Wheeler), Sole Type (Rubber Sole, Anti-Slip Flexible Sole, PVC Sole and Others), Price Range (Mid-Range, Premium and Economic), Consumer Group (Men and Women), Distribution Channel (Offline and Online), Country (U.S., Canada and Mexico) Industry Trends and Forecast to 2028.
Market Analysis and Insights of Driving Footwear Market
The driving footwear market is expected to be growing at a growth rate of 4.50% in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the factors responsible for fostering the growth of driving footwear market. This rise in driving footwear market value can be attributed to the various factors such as increased focus of the product manufacturers on product innovations, surging number of passenger vehicles on the roads especially in the developing economies, growing demand for expensive and luxury cars, growing popularity of e-commerce platforms especially in the developing economies and increasing personal disposable income. Therefore, the market value, which was USD 1,6200 million in 2020, would rocket up to USD 23,038.02 million by 2028.
From the name itself, it is clear that driving footwear is the footwear that is specifically designed to be worn by the vehicle drivers. Driving footwear refers to the shoes that are made using rubber at the back of them which in turn protects the soft skin of the foot against hard and rough surface of the pedals. Driving footwear is comfortable for the drivers and enables smooth driving.
Rising modernization and globalization are the major factors fostering the growth of the market. Growing shift in consumer buying trends, rise in the research and development activities and surge in the trend of taxi services across the globe are some other indirect market growth determinants. Growing penetration of e-commerce platforms, increasing number of billionaires is leading to an increase in demand for luxury cars, and rising demand for fashionable, trendy, yet comfortable footwear across age groups will also create lucrative and remunerative market growth opportunities in the long run.
On the flip side, fluctuations in the prices of raw materials will pose a major challenge to the growth of market in the long run. Availability of counterfeit footwear in the market will further derail the market growth rate. Also, intense pricing pressure among the vendors and disruptions in the supply chain will yet again hamper the market growth rate.
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 localised 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.
North America Driving Footwear Market Scope and Market Size
The driving footwear market is segmented on the basis of material type, vehicle type, product type, sole type, price range, consumer group and distribution channel. The growth amongst these segments will help you analyse 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.
- Based on material type, the driving footwear market is segmented into leather, natural fibers, synthetic and others.
- On the basis of vehicle type, the driving footwear market is segmented into two-wheeler and four-wheeler.
- On the basis of product type, the driving footwear market is segmented into boot, shoes and others.
- On the basis of sole type, the driving footwear market is segmented into rubber sole, anti-slip flexible sole, PVC sole and others.
- Based on price range, the driving footwear market is segmented into economic, mid-range and premium.
- On the basis of consumer group, the driving footwear market is segmented into men and women.
- The distribution channel segment of the driving footwear market is segmented into online and offline.
North America Driving Footwear Market Country Level Analysis
The driving footwear market is analysed and market size insights and trends are provided by country, material type, vehicle type, product type, sole type, price range, consumer group and distribution channel as referenced above.
The countries covered in the driving footwear market report are U.S., Canada and Mexico.
U.S. in North America region dominates the driving footwear market and will continue to excel its trend of dominance during the forecast period owing to the growing demand for luxury cars and the presence of various multi-national companies within the region.
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 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 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, 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 driving footwear market.
The major players covered in the driving footwear market report are PUMA SE, adidas AG, Alpinestars S.p.A, Dainese S.p.A, FOX, SCOTT Sports SA., GIANNI FALCO S.R.L., SPARCO S.P.A., Piloti Inc., Guccio Gucci S.p.A., Tommy Hilfiger, Nike, Inc., ZARA, RUOSH, C&J Clark International, Hush Puppies, Steve Madden, LVMH Moët Hennessy – Louis Vuitton, among other. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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