Custom shoes allow customers to design and order shoes to their desired taste and specifications like specifications of material, color, design and style. This offers a wide range of specifications and customization options for customers who want shoes that perfectly fits their personality, interests or needs. Custom shoes offer premium quality and comfort and are considered a status symbol.
The global Custom Shoes Market is estimated to be valued at US$ 5.03 Bn in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The evolving fashion trends have accelerated the growth of the custom shoes market over the past few years. Young customers are increasingly opting for customized shoes to flaunt their personality and unique taste in footwear fashion. Also, various brands are innovating with new lightweight, breathable and comfortable materials for customized shoes which have found wide acceptance among sports enthusiasts and athletes. Further, the rising popularity of online customization platforms have made it convenient for customers to design and order customized shoes from the comfort of their homes driving the market growth.
Segment Analysis
The global custom shoes market is segmented into athletic shoes and non-athletic shoes. The athletic shoes segment currently dominates the market and accounts for around 60% share. This is because custom athletic shoes offer enhanced comfort, support and performance to athletes. Custom shoes are tailored specifically based on the foot characteristics, activity level and biomechanics of each individual which helps improve their performance.
Key Takeaways
The Global Custom Shoes Market Demand is expected to witness high growth over the forecast period of 2023 to 2030 supported by the increasing demand for personalized products. The global Custom Shoes Market is estimated to be valued at US$ 5.03 Bn in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023 to 2030.
Regional analysis
North America dominates the custom shoes market with over 35% share owing to high disposable incomes and growing individualization trends in the region. The Asia Pacific region is expected to be the fastest growing market for custom shoes driven by the increasing health awareness and participation in sports in countries like China and India.
Key players
Key players operating in the custom shoes market are Aireon LLC, Spider Tracks Limited, BLUE SKY NETWORK, SKY TRAC SYSTEMS LTD, FLYHT Aerospace Solutions Ltd., Rockwell Collins, Garmin International Inc., and Honeywell International Inc. Aireon LLC offers satellite-based air traffic surveillance for oceanic, remote and polar regions. Spider Tracks Limited provides custom footwear manufacturing services including 3D foot scanning, CAD design and production.
Get More Insights Here
https://www.newswirestats.com/custom-shoes-market-size-share-growth-outlook-2023/
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