Shoe Care Market – Emerging Trends and Growth Forecast by sarajames · October 23 Wholesale Jake Fisher Jersey , 2019
The global聽Shoe Care Market聽size is expected to reach USD 6.0 billion by 2025, according to a new report by Grand View Research, Inc. Wholesale Cedric Ogbuehi Jersey , expanding at a CAGR of 3.9% over the forecast period. Growing popularity of premium footwear products including Oxford shoes and Bl眉cher among working class professionals on a global level is expected to expand the scope of various types of polishes and cleaners. Furthermore, increasing number of educational institutes and corporate organizations in the developing nations including China and India is expected to expand the scope of formal footwear. This, in turn Wholesale Josh Malone Jersey , will prompt the scope of shoe care products.
Shoe cleaning products including soaps and deodorizers are expected to account for 29.5% share of global revenue in 2025. For instance, shoe deodorizers have gained significant popularity among consumers. In September 2018, Panasonic Corporation launched MS-DS100 deodorizer. The product has the original ion particles Wholesale Carl Lawson Jersey , 鈥渘anoe X鈥?that removes unpleasant odors from footwear and spreads through its six outlets. This deodorizer can also be operated on a mobile battery. Japan based Panasonic Corporation planned to produce 1,000 units of these deodorizers per month.
Expanding corporate and education sectors in developing economies including China and India is anticipated to open new avenues for the market. In addition, increasing awareness regarding health and fitness is fueling the sales of sports footwear in this region. As a result Wholesale Jordan Willis Jersey , demand for sneaker care products has increased significantly.
Furthermore, increasing number of women professionals in developing countries including India and Thailand is expected to promote the demand for the product in these economies. Leading brands including Kiwi have expanded their product portfolio in order to cater to the demand of women over the last few years. Key competitors of this industry include Caleres Inc.; S. C. Johnson & Son, Inc.; Grangers International; Payless; Implus LLC; Shinola; Charles Clinkard; Salamander; and Griffin.
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Further key findings from the study suggest:
North America is expected to generate a revenue of USD 2.0 billion by the end of 2025 Asia Pacific generated a revenue of more than USD 990.0 million in 2018 Online distribution channel for shoe care market is expected to register the fastest CAGR of 5.9% from 2019 to 2025 By product Wholesale Nick Vigil Jersey , the polish segment dominated the market in 2018, accounting for more than 60.0% share of the global revenue In terms of application, the formal segment held the largest share of 53.1% in 2018.
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