By Credence Research, Inc. Global Footwear Market - Growth, Future Prospects and Competitive Analysis, 2018-2026,” the market was valued at US$ 222.4 Bn in 2017, expected to grow at the CAGR of 3.1% from 2018 to 2026. Market Insights Increasing demand for sports shoes and designer shoes are responsible for the major growth of the footwear market. Purchase of footwear has doubled over the past few decades and introduction of different designs and styles has helped in the retention of the customers and grabbed attention of the new customers as well. Rising demand for sports shoes among the health conscious consumers is one of the major factor driving the market growth of footwear. Busy work schedules and sedentary lifestyles results to chronic health problems such as diabetes, obesity among others. This influences people to take part in different physical activities and sports. Major sporting events such Cricket World Cup, Olympics, FIFA among others boost the demand f...
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