Footwear is the daily necessity. Shoes are part of person’s daily life and require care to keep it in good shape. Shoe care products include brushes, polishes, protectors, and sprays. Different types of shoes need a different type of shoe care. The shoe care market is categorized on the basis of product, application, distribution channel, and region. Shoe care is mostly preferred by corporate employees and military personnel. Physical appearance is a factor that shows the person's behavior and personal hygiene. A clean and polished shoe can make an impression on other people in the corporate sector.
COVID-19 Scenario Analysis:
The footwear and accessories industry growth are hampered in 2020 due to the disruption of the logistic market caused by COVID-19.
There is a decrease in the demand and sale for footwear and shoe care products in the market.
China is the major exporter of footwear and accessories. Due to COVID-19, transportation is a restriction which has caused a decline in the export and import of goods from the country.
However, an increase in the usage of online platforms can be a factor that can increase the growth of the market in the future.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Rise in the fashion industry, boost in demand for footwear, and increase in population can be factors that can drive the growth of the global shoe care market. Apart from that, a rise in living standards and disposable income also drive the growth of the market. However, the rise in the cost and presence of duplicate products hinder the growth of the market. Contrarily, the rapid growth of e-commerce and growing footwear brands can be an opportunity for the growth of the global shoe market.
The global shoe care market trends are as follows:
Leather footwear needs more care as they can be damaged if proper care is not taken. Some companies have launched products like Saphir Omninettoyant cleaner or leather cleaner by R. K. William that make cleaning of leather shoes easy and make shoes look brand new.
People like to invest in good shoe care products that can help them maintain the properties of the shoe. Dust and dirt on the shoe are inevitable, so companies offer full shoe care kit according to the type of shoe material such as leather and casual shoes. Every footwear needs different types of shoe care products.
Key Benefits of the Report:
This study presents the analytical depiction of the global shoe care industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global shoe care market share.
The current market is quantitatively analyzed to highlight the global shoe care market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global shoe care market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the Shoe Care Market Research Report:
What are the leading market players active in the shoe care market?
What the current trends will influence the market in the next few years?
What are the driving factors, restraints, and opportunities in the market?
What future projections would help in taking further strategic steps?
Shoe care market by Product Report Highlights
By Distribution Channel
Key Market Players
Grangers International, Griffin Shoe Care, Payless ShoeSource Inc., Angelus Shoe Polish, Caleres Inc., Implus LLC, Salamander AG, S.C. Johnsons & Son Inc., Charles Clinkard Group, Shinola Shoe Polish Company