Driving footwear are durable and comfortable shoes that are intended for sportscar enthusiasts. It has a slip-on moccasin-Distribution Channel with rubber soles and grommets that cover the back of the heel. Such footwear aid in better grip and pedal traction and provide an axis point to move the foot to and fro from the brake to the accelerator.
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Market Dynamics
Rising enthusiasm and awareness about the health benefits of sports activities, the booming retail e-commerce sector globally, and the rising disposable income of consumers are certain factors that are driving the demand for driving footwear globally. Moreover, the youngsters are getting willing on adopting a healthy lifestyle and are hence contributing actively to sports and other related activities. Urbanization is a key factor that impacts consumer lifestyle. As per the Department of Economic and Social Affairs, Population Division of the United Nations, around of the world’s population dwelled in urban areas in which is expected to reach 66% of the world’s population by Western Europe and North America are among the highly urbanized regions having a huge consumer base and emerging fashion trends in sportswear. Moreover, the changing consumer lifestyle is expected to boost the demand for driving footwear in the coming years.
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Segment Analysis
Based on the distribution channel, the driving footwear market has been classified into e-commerce and retail The online segment is projected to with high CAGR during the forecast period.E-commerce, which involves buying and selling products through electronic channels increasing globally. Online shopping has simplified the purchasing process for consumers by getting it easier and convenient. Online shopping is more prevalent in developed nations, such as Japan and America, compared with emerging countries such as India and China. The industry has a huge opportunity due to the development of e-commerce, which makes shopping easier, simpler, and more convenient.
Competitive Landscape
The driving footwear market is highly competitive, owing to the presence of big food brands. The key driving footwear players which are contributing to the growth of the global market include Puma SE, Adidas AG, Alpinestars S.p.A, Dainese S.p.A, Fox Head Inc., SCOTT Sports SA, Lemans Corporation, Gianni Falco Srl, Sparco S.p.A, and Piloti Inc., Xiamen Youguang Technology Co., Ltd., Guangzhou Yuexiu District Yike Shoes Firm, Jinjiang Zhundu Shoes & Garments Co., Ltd., Wenzhou Jitai Shoes Co., Ltd. The major players are adopting new product launch and expansion strategies for global growth in the driving footwear market.
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