The Global Custom Shoes Market Growth Accelerated By Adoption In Fashion Industry

 

Custom shoes are personalized footwear designed as per the specific requirements of customers in terms of style, size, design and functional aspects. Custom shoes offer improved comfort, support and fit as compared to standard shoes. Growing demand for unique and personalized products from fashion conscious consumers is fueling adoption of custom shoes. The global Custom Shoes Market is estimated to be valued at US$ 5.03 Bn in 2023 and is expected to exhibit a CAGR of 24% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The growing adoption of custom shoes in the fashion industry has accelerated the market growth over the past few years. Designers and manufacturers are increasingly leveraging 3D printing and computer-aided design technologies to produce custom shoes with intricate designs and patterns as per the customer demands. 3D printing allows customization of individual shoe parts as well as the entire shoe design. It has simplified the process of producing personalized shoe sizes, designs and colors. The rapid advancements in 3D printing technologies are expanding the capabilities of producers to cater to highly customized demands, thereby driving the custom shoes market.

Segment Analysis
The global custom shoes market is dominated by formal shoes sub segment. Formal shoes contribute around 45% of the total custom shoes market. The dominance of this sub segment can be attributed to rapid growth in corporate sector globally. Custom formal shoes are increasingly preferred by professionals and corporate employees as they provide enhanced comfort and look more premium than ready made formal shoes.

Key Takeaways
The Global Custom Shoes Market Size is expected to witness high growth over the forecast period of 2023 to 2030. The market is projected to grow at a CAGR of around 24% during this period. By 2030, the market size is estimated to reach around US$ 32.71 Bn.

Regional analysis
North America region currently dominates the global custom shoes market. The region accounts for around 35% share of the total market. Growing trend of personalized fashion and high disposable income levels in countries like United States and Canada have been driving growth of custom shoes market in North America. Asia Pacific region is expected to witness fastest growth and emerge as the largest market during forecast period. Improving lifestyle and fashion trends along with expanding middle class population is boosting demand for customized shoes in Asia Pacific countries like China, India and Japan.

Key players
Key players operating in the custom shoes market are Softdel (A UNIDEL Company), ABB Ltd., Hitachi Ltd., Honeywell International, Avnet Inc., Siemens AG, Legrand SA, Schneider Electric SE, Johnson Controls Inc., Huawei Technologies Co. Ltd., Cisco Systems, and IBM Corporation. Softdel dominates the market owing to its large distribution network and broad portfolio of formal as well as casual custom shoes. However, new entrants are introducing advanced technologies like 3D printing and AI enabled personalization which can challenge established players.

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