Strap Footwear Market Key Players, Trends, Growth
Opportunities and Industry Forecast till 2022
“Factors responsible for driving the market growth, in the
recent years, include burgeoning demand for designer
footwear, increase in per capita income in both developed
and developing economies, high-end clientele, and growing
popularity of the strap footwear among men.”
The global strap footwear market is expected to display higher growth rate over the next five years. Rapid surge
in the strap footwear market is credited to growing demand for trendy as well as comfortable strap footwear
among all age groups across the globe. Factors responsible for driving the market growth, in the recent years,
include burgeoning demand for designer footwear, increase in per capita income in both developed and
developing economies, high-end clientele, and growing popularity of the strap footwear among men.
Additionally, robust growth in the fashion industry, rising demand for latest and improved footwear designs
across the globe, and large-scale production in the Asia Pacific region are expected to fuel market growth of
footwear market in the upcoming years. Globally, market is predicted to generate massive revenue over next
five years, providing numerous opportunities for industry participants to invest in research and development of
this market.
In addition, various e-commerce retailers are adopting new techniques to understand customers buying
behavior, thus vastly gaining competitive edge over their counterparts. However, increase in the number of
local manufacturers and large-scale production, thereby increasing competitiveness are expected to limit
market progress to a certain extent. Commonly, strap footwear industry majorly consists of men, women and
children’s shoes. The strap footwear industry also comprises various types of outdoor and indoor shoes
manufactured with the help of materials such as leather, plastic, and rubber.
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