Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.5% and 2.4% respectively over the 2020-2027 period. China, the world`s second largest economy, is forecast to reach a projected market size of US$57.4 Billion by the year 2027 trailing a CAGR of 4.5% over the analysis period 2020 to 2027. is estimated at US$68.8 Billion in the year 2020. Market is Estimated at $68.8 Billion, While China is Forecast to Grow at 4.5% CAGR Taking into account the ongoing post pandemic recovery, growth in the Athletic segment is readjusted to a revised 2.9% CAGR for the next 7-year period. Casual, one of the segments analyzed in the report, is projected to record a 3% CAGR and reach US$213.7 Billion by the end of the analysis period. In the changed post COVID-19 business landscape, the global market for Footwear estimated at US$349 Billion in the year 2020, is projected to reach a revised size of US$427.4 Billion by 2027, growing at a CAGR of 2.9% over the analysis period 2020-2027. Global Footwear Market to Reach $427.4 Billion by 2027 Online interactive peer-to-peer collaborative bespoke updatesĪccess to our digital archives and MarketGlass Research Platform 10, 2022 (GLOBE NEWSWIRE) - announces the release of the report "Global Footwear Industry".
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