IMARC Group has recently released a new research study titled “GCC Footwear Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. 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.
How big is the GCC footwear market?
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.
Industry Overview:
Footwear refers to garments worn on the feet, primarily for protection against environmental hazards, but also for comfort and aesthetic appeal. They come in various types, including athletic shoes, formal shoes, casual wear, and specialized footwear like orthopaedic or safety shoes.
Key characteristics of quality footwear include durability, comfort, and proper fit. Advanced materials such as leather, synthetic polymers, and rubber are commonly used in their construction. Modern footwear often incorporates technology, such as cushioning systems for better support and shock absorption, as well as breathable materials for improved ventilation. Some even feature smart technologies like GPS tracking and health monitoring capabilities. The industry places great emphasis on craftsmanship and design, often adhering to rigorous testing protocols and quality standards to ensure both functionality and style.
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GCC Footwear Industry Trends and Growth Drivers:
The rising consumer affluence in the GCC countries and the increasing trend toward fashion-consciousness represent significant drivers for market growth. Moreover, the growing awareness about the importance of proper footwear for overall health and posture is catalysing advancements in the footwear sector, thereby propelling market growth. The integration of cutting-edge technologies like 3D printing and smart tracking features adds another layer of appeal, targeting both fashion-forward consumers and those with specific health concerns.
Regulatory bodies in the GCC are also putting stringent quality and safety standards in place for footwear manufacturing, boosting consumer confidence and contributing to market integrity. Additionally, collaborations between local designers and international brands are fueling innovation in the GCC footwear market. These partnerships create a symbiotic relationship that allows for a blending of regional preferences with global trends, thereby accelerating the market growth.
Furthermore, sustainability is becoming increasingly important in the GCC region, prompting the industry to explore eco-friendly materials and production methods. This aligns with global sustainability goals and is creating a positive market outlook across GCC.
Market Segmentation:
The report has segmented the market into the following categories:
Breakup by Product:
- Non-Athletic Footwear
- Athletic Footwear
Breakup by Material:
- Rubber
- Leather
- Plastic
- Fabric
- Others
Breakup by Distribution Channel:
- Footwear Specialists
- Supermarkets and Hypermarkets
- Departmental Stores
- Clothing Stores
- Online Sales
- Others
Breakup by Pricing:
- Premium
- Mass
Breakup by End User:
- Men
- Women
- Kids
Breakup by Country:
- Saudi Arabia
- UAE
- Qatar
- Oman
- Kuwait
- Bahrain
Speak to Analyst: 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.
About US:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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