IMARC Group has recently released a new research study titled “GCC Footwear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, 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. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Footwear refers to any type of garment or accessory that is worn on the feet for protection, comfort, or fashion. Footwear can be classified into various categories, including shoes, sandals, boots, and slippers. These products are made from a range of materials, such as leather, rubber, textiles, and synthetic materials, and come in different styles and designs to suit different preferences and occasions. Footwear plays a critical role in protecting the feet from injuries, providing comfort and support, and enhancing the overall appearance of an individual.
GCC Footwear Market Trends and Opportunities:
The increasing demand for athletic footwear represents a significant factor driving the market growth across the GCC region. In line with this, the increasing instances of lifestyle-related health issues including stress and obesity, are driving the rising number of people to engage in fitness and sports activities, which, in turn, is facilitating the product demand. In addition to this, aggressive promotions and advertising by footwear brands are acting as another major growth-inducing factor. Other factors, such as the easy product availability, strong consumer expenditure capacities, proliferating online and offline retail channels offering a wide range of products at affordable price points, and changing fashion trends, are creating a positive outlook for 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:
Breakup by Distribution Channel:
- Footwear Specialists
- Supermarkets and Hypermarkets
- Departmental Stores
- Clothing Stores
- Online Sales
Breakup by Pricing:
Breakup by End User:
Breakup by Country:
- Saudi Arabia
Explore Report Description with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=2912&flag=C
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the 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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