Global Loafers Market is valued approximately USD 27.05 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 3.80% over the forecast period 2022-2028. Loafers are a type of footwear that is constructed from a range of materials.
They come in a variety of colours and with and without design features. They also do not require lacing or tying, which is a great advantage for the elderly people who lack the agility to tie their shoelaces. These factors have raised demand for loafers and will drive market expansion throughout the projected period. Another element propelling the market ahead is the increased desire for comfortable and fashionable footwear. Furthermore, improving consumer living standards and improvements in online shopping platforms as a result of greater internet penetration in diverse places are fuelling worldwide demand for loafers.
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Loafers are becoming more popular as the middle-aged working population’s need for attractive and comfortable footwear grows. Loafers are popular among people of all ages since they are easy to put on and take off and are not too fitting in the heel. Millennials and Generation X tend to buy stylish, comfy, and elegant shoes. Leather shoes are often regarded as a premium product, and they account for a sizable market share.
The rising quantity of fashion style films posted by fashion gurus on social media platforms and satellite television is projected to raise buyer knowledge. As a result, shoppers are projected to spend more on quality items such as canvas loafers and penny loafers as part of their fashion style. For example, in December 2018, the Landan-based business “Farfetch” finalised the USD 250 million acquisition of the New York-based startup “Stadium Goods.” Furthermore, new product launches of canvas loafers in developing countries such as China and India, aimed at the expanding millennial generation, are projected to open new doors in the coming years. The high cost of Loafers, on the other hand, stifles market expansion over the projection period of 2022-2028.
The key regions considered for the Global Loafers Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific has the biggest market share. Rising purchasing power among middle-class population groups in countries such as China, India, Bangladesh, and South Korea, who are investing in comfortable and trendy clothing and footwear goods, is projected to be a positive driver for industry growth.
China is the world’s largest footwear manufacturer, with items exported to the United States, Canada, the United Kingdom, and Germany. The second-largest market was Europe. A prominent trend seen in this area is the growing prominence of fashionable footwear among customers in developed economies such as Germany and the United Kingdom.
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Major market player included in this report are:
The Rockport Group
Wolf and Shepherd
Clark International
Lee Cooper
Hush Puppies
PUMA
WOODLAND
Relaxo Footwears Limited
BACCA BUCCI FASHIONS PVT. LTD.
Allen Edmonds Corporation
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Leather
Fabric
Others
By Distribution Channel:
Supermarkets & Hypermarkets
Specialty Stores
Online
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
Here is an overview of the different factual statements covered by the study:
- The learn about consists of an area that breaks down strategic traits for the primary gamers in present and upcoming R&D, new product launches, collaborations, regional expansion, and mergers & acquisitions.
- The lookup focuses on essential market traits such as revenue, product cost, potential and utilization rates, import/export rates, supply/demand figures, market share and CAGR.
- The learn about is a series of analyzed records and a variety of barrels of house bought via a mixture of analytical equipment and an inside look up process.
- The Market can be divided into 4 areas in accordance to the regional breakdown: North American Markets, European Markets, Asian Markets and Rest of the World.
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