Frequently Asked Questions
The global COVID-19 epidemic has had a negative impact on various businesses, notably the footwear market. Given the combined effect of outlet closures and frugality as a result of the rapidly deteriorating economic situation, the discretionary nature of footwear made it one of the most severely affected industries by the pandemic.
Asia Pacific will be the largest regional market in the forecast period. This is primarily due to the rising demand for fashionable and comfortable footwear.
The growing interest in health and fitness is driving up demand for Athletic footwear.
In terms of market share, the women segment dominated in 2019 and is likely to maintain its dominance throughout the projection period.