Shoe With Knitted Upper Market Outlook - 2025
The shoe with knitted upper market size was valued at $2,031.0 million in 2017 and is expected to grow at a CAGR of 5.9% to reach $3,195.1 million by 2025. Knitted upper refers to the upper material of shoe that is manufactured using knitting machine. With the improvement of living standards, higher demand has been witnessed for comfort of sportswear and athleisure such as lightweight, functional, and other aesthetic effects. Knitted technology can be directly used with dyed yarn without any dying process, and can be used with various colors. These shoes provide sock-like comfort and maintain a trendy yet athletic look. The shoe with knitted upper has become increasingly popular among the younger generation owing to the high influence of sports. The knitted upper shoe requires little to no manual labor while manufacturing and the only labor required is to fix the knitted part to the shoe. This allows footwear manufacturers to move production closer to their larger markets, which reduces or possibly eliminates the costs of shipping and tariffs.
Increase in trend of sedentary lifestyle and resultant health issues caused by it, such as overweight and obesity problems, influence people to actively take part in both indoor and outdoor physical activities. Overweight and obesity are defined as abnormal or excessive fat accumulation that may impair health. The illness can lead to multiple health problems, including diabetes and cardiac diseases. These diseases can be caused through variety of pathway that include carrying extra pounds of weight and some involving complex changes in hormones and metabolism. However, in the recent years, due to rise in awareness toward the ill effects of obesity and overweight, people participate in jogging and other exercises. This in turn has fueled the demand for shoe with knitted uppers, thereby boosting the growth of the global market. Rise in the living standards along with increase in disposable income of people around the globe drive the market growth. The surge in demand for this product is also attributed to the functional benefits of being lightweight and comfortable; which also supports the market growth. Moreover, rise in the number of sports inspired children and increase in concerns about foot health among customers also boost the growth of the shoe with knitted upper in the global market. However, strict implementations of government regulations toward footwear industries majorly restrict the growth of the shoe with knitted upper industry. The upsurge in the e-commerce is expected to provide ample opportunities for this market in the future.
Shoe with knitted upper market has been segmented based on type, distribution channel, and region. Based on type, the market is segmented into casual shoes, sports shoes, and running shoes. Based on the distribution channel, the market is divided into supermarkets & hypermarkets, specialty stores, e-commerce, and others. By region, the market has been studied across North America, Europe, Asia-Pacific, and LAMEA.
In 2017, the casual shoe segment contributed the highest in the shoe with knitted upper market. This is attributed to the increase in the disposable income of consumers all over the globe. Moreover, social media and aggressive advertising has encouraged people to spend more on consumer goods such as clothes and shoes, which has further added to the growth and of this segment. The running shoe is the fastest growing segment in the shoe type segment owing to the rise in number of sport-inspired children as well as growth in trend of health and fitness among consumers all around the world.
In 2017, the specialty store segment dominated the distribution channel segment in the market owing to the factor of immediate gratification. Also, the specialty stores is perceived as safer option by consumers owing to it being a physical store, which further boosts its popularity and drives the growth of this segment. The e-commerce segment is expected to witness the highest growth rate during the forecast period. This is because of the increase in penetration of internet and smartphones all around. Furthermore, online shopping offers added benefit of comparison and choice, which makes it very popular and hence works as the driving factor for the specialty store segment.
In 2017, Asia-Pacific consist highest market share and is expected to continue this shoe with knitted upper market trends throughout the forecast period. The Asia-Pacific shoe with knitted upper market is driven by the rise in the number of sport-inspired children and increase in precautions about foot health and injury prevention among consumers in this region. LAMEA is the fastest growing shoe with knitted upper market and is expected to grow at the highest CAGR throughout the forecast period. The LAMEA market is driven by the increase in adoption of sports and rise in disposable income of people in this region. Moreover, surge in the number of sport-inspired children in LAMEA further supplements the growth of the shoe with knitted upper.
The key players in the shoe with knitted upper market focus on new product launch as the prominent strategy to improve product portfolio, overcome competition, and maintain or improve their shoe with knitted upper market in the global market. The key players profiled in the report include Adidas AG, Asics Corporation, FILA Korea ltd., Jack Wolfskin GmbH & Co. KGaA, K-SWISS (E. Land World Company, ltd.), New Balance, Nike, Inc., Puma SE (Kering), Skechers USA, Inc. and VF Corporation (VFC).
Key Benefits for shoe with knitted upper market:
- The report provides an in-depth analysis of the current trends, drivers, and dynamics of the shoe with knitted upper market to elucidate the prevailing opportunities and tap the investment pockets.
- It offers qualitative trends and quantitative analysis of the global shoe with knitted upper market share from 2018 to 2025 to assist stakeholders to understand the market scenario and Shoe with Knitted Upper Market Forecast.
- In-depth analysis of the key segments demonstrates the types of shoe with knitted upper available.
- Competitive intelligence of the Shoe with Knitted Upper industry highlights the business practices followed by key players across geographies and the prevailing shoe with knitted upper market Opportunity.
- Key players and their strategies and developments are profiled to understand the competitive outlook of the shoe with knitted upper market analysis.
shoe with knitted upper Key Market Segments:
- Casual Shoes
- Sports Shoes
- Running Shoes
By Distribution Channel
- Supermarkets & Hypermarkets
- Specialty Stores
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA
Shoe with Knitted Upper Market Report Highlights
By SHOE TYPE
By DISTRIBUTION CHANNEL
Key Market Players
ASICS CORPORATION, SKECHERS USA, INC, NIKE, INC, VF CORPORATION (VFC), FILA KOREA LTD, PUMA SE (KERING), JACK WOLFSKIN GmbH & Co. KGaA, K-SWISS (E. LAND WORLD COMPANY, LTD.), ADIDAS AG (ADIDAS), NEW BALANCE
Shoe with knitted upper are footwear in which the upper part of the shoe is made using machine knitted fabric.
Based on the interviews of various top-level CXOs of leading companies, the rise in the disposable income and improvements in the living standard has been the major factor driving the growth of the market. This rise in demand for this product is also attributed to the functional benefits such as the lightweight and comfort, which also supports its growth in the global market.
Furthermore, rise in the number of sports inspired children and rise in concerns about foot health among customers also boost the growth of the global shoe with knitted upper market. However, implementation of government regulations toward footwear industries majorly restricts the market growth.