IMARC Group has recently released a new research study titled "GCC Footwear Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
How large is the GCC footwear industry?
The GCC footwear market size reached US$ 4.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.9 Billion by 2028, exhibiting a growth rate (CAGR) of 4.11% during 2023-2028.
Footwear is an essential item that is worn to provide comfort and protection to the feet. Manufactured with various materials, such as plastic, leather, jute, rubber, wood, and canvas, it forms an integral part of the fashion industry. With the shifting aesthetic preferences, there is an increasing preference for footwear that offers a style statement without compromising on the comfort quotient.
GCC Footwear Market Current Trends & Future Predictions
The rising demand for premium and high-quality footwear products represents one of the key factors driving the market growth across the region. Moreover, the increasing fashion consciousness and the rising demand for comfortable and durable footwear are contributing to the market growth. In addition to this, the product finds extensive utilization in the healthcare industry, primarily due to the rising need for comfortable and supportive shoes for healthcare professionals. Besides this, high purchasing power of consumers, coupled with the rising demand for branded products and the increasing establishment of various luxury footwear brands in the region, is contributing to the GCC footwear market growth. Other factors, such as the increasing expatriate population leading to shifting aesthetic preferences among consumers and the easy product availability through proliferating online and offline retail channels, are driving the market further across the region.
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Competitive Analysis and Segmentation:
Key Market Segmentation:
The report has segmented the market into the following categories:
Breakup by Product:
- Non-Athletic Footwear
- Athletic Footwear
Breakup by Material:
- Rubber
- Leather
- Plastic
- Fabric
- Others
Breakup by Distribution Channel:
- Footwear Specialists
- Supermarkets and Hypermarkets
- Departmental Stores
- Clothing Stores
- Online Sales
- Others
Breakup by Pricing:
- Premium
- Mass
Breakup by End User:
- Men
- Women
- Kids
Breakup by Country:
- Saudi Arabia
- UAE
- Qatar
- Oman
- Kuwait
- Bahrain
Explore Full Report Description At: https://www.imarcgroup.com/gcc-footwear-market
TOC for the GCC Footwear Market Research Report:
- Preface Scope and Methodology
- Executive Summary
- Introduction
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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About US:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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