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Global Customized Footwear Market to Grow With Entry of Big Players

According to Goldstein Research, global customized footwear market is expected to reach USD 92 Billion by 2024from USD 60 Billion for 2016, growing at a CAGR of 5.5% over the forecast period 2016-2024.Growing frequency of fashion fads and rapid world wide urbanization where 54% of the global population residing in urban areas tends to have higher per capita expenditure on clothing and accessories is thus set to be the key driving force for the emerging customized footwear market. Customized footwear market segmentation has been carried out on the basis of product type, distribution channel and end user. The non-athletic customized footwear segment is expected to grow at a faster pace than customized athletic footwear, as customers try to keep pace with the current fashion trends. Global customized footwear market is dominated by North America and Europe in terms of revenue, as these regions are characterized by high incomes and high spending on clothing and footwear. Asia Pacific is t...