The Global Market for Footwear is Forecast to Reach US$430.5 Billion by 2024
Rising Household Disposable Incomes and Footwear Design Innovations Drive the Global Footwear Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size, and demand forecasts on the global Footwear market. The global market for Footwear is forecast to reach US$430.5 billion by 2024 , driven by expanding urban population and rise in household disposable incomes, innovative technologies for novel shoes, and emergence of new design and fashion trends. The demand for footwear is expanding globally as it is considered an essential accessory by consumers of various age groups who have been seeking a range of footwear styles to match their apparel. The continuously changing fashion in clothing is therefore making an impact on the footwear market with retailers making efforts to reflect changing attire fashions in their footwear collection. The ability of footwear to transfor...