In-Depth Exploration of the Loafers Market: Enriching Industry Understanding, Envisioning Trends, Evaluating Growth Catalysts, and Forecasting Advancements from 2023 to 2030.
Report Ocean has recently released a comprehensive research report on the global Loafers Market. The report offers a detailed analysis of various market characteristics, such as size, growth, segmentation, regional and country breakdowns, competitive environment, market shares, trends, and strategies. It also provides insights into the impact of the COVID-19 pandemic on the market.
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.
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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. 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.
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
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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
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
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This report covers several key questions related to the global Loafers market, including:
- What can be expected for the Loafers market in the next decade?
- What are the primary drivers of growth in the global Loafers market?
- Which technologies are likely to experience the most rapid growth, both by market and region?
- How do opportunities within the Loafers market vary based on the size of the end market?
- What is the breakdown of Loafers by type and application?
- How have recent events such as the COVID-19 pandemic and the Russia-Ukraine conflict impacted the Loafers market?
The Key Points Covered in the Table of Contents:
Overview: This section provides a concise summary of the report, offering a high-level understanding of the global Loafers Market. It serves as an introduction, providing insights into the nature and contents of the research study.
Market Analysis: The research study accurately and reliably forecasts the market share of key segments within the Loafers Market. This analysis enables industry participants to make strategic investments in the significant growth areas of the Food Container Market.
Analysis of Leading Players’ Strategies: Market participants can utilize this report to gain a competitive advantage over their rivals in the Loafers Market. It offers an in-depth analysis of the strategies employed by leading players, enabling others to develop effective strategies and stay ahead in the market.
Regional Growth Analysis: The report covers all major regions and countries relevant to the Loafers Market. The regional analysis facilitates market players in identifying untapped regional markets, devising unique regional strategies, and comparing the growth patterns across different regions.
Market Forecasts: Purchasers of this report gain access to precise and validated estimations of the overall market size in terms of both value and volume. The study also includes comprehensive forecasts for consumption, production, sales, and other pertinent factors related to the Loafers Market.
Our Loafers Market Report is a comprehensive analysis of the market, providing valuable insights for businesses looking to invest in this industry.
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