The Global Custom Shoes Market Growth Accelerated By Increasing Demand For Customized Footwear Options
Custom shoes are specialty
footwear custom made or tailored to fit an individual's needs or preferences.
The increasing popularity of customized options is allowing consumers to
personalize their shoes as per their lifestyle and requirements. This has
boosted the demand for custom shoes that cater to foot issues like diabetic
conditions or provide extra support for sports activities.
The Global
Custom Shoes Market Size is estimated to be valued at US$ 5.8 Mn in 2024 and is expected to
exhibit a CAGR of 5.5% over the
forecast period 2024 to 2031, as highlighted in a new report published by
Coherent Market Insights.
Market key trends:
The demand for custom shoes has seen strong growth due to the rising popularity
of personalized footwear options. Custom shoes allow individuals to select
different designs, styles, colors and materials as per their unique
requirements and preferences. This has driven many consumers to choose custom
shoes that are tailored exactly to their needs. The trend is gaining traction
globally with more consumers now willing to pay extra for footwear that offers
enhanced comfort levels and a customized fit. Innovation in 3D printing and CAD
technology has also supported this trend by enabling easier production of
customized shoe designs at scale. This has accelerated the growth of the custom
shoes market over the recent years.
Segment Analysis
The custom shoes market is segmented by type, end user, and geography. By type,
the casual shoes segment dominated the market in 2022 with a share of around
40% as they are worn daily and available in variety of designs and colors. By
end user, the men segment accounted for largest share as shoes are considered a
style statement for men and they prefer unique design and colors.
Key Takeaways
The global custom shoes market is expected to witness high growth over the
forecast period. The global Custom Shoes Market is estimated to be valued at US$ 5.8 Mn in 2024 and is expected to
exhibit a CAGR of 5.5% over the
forecast period 2024 to 2031.
North America currently
dominates the market due to rising health consciousness among consumers in
countries like US and Canada. Consumers in the region are willing to pay
premium for tailored fit and unique designs in shoes. USA holds majority share
due to large customer base and high fashion consciousness. Growing health
awareness and rising incomes have propelled growth of tailored shoes market.
Key players
Key players operating in the custom shoes market are Aireon LLC, Spider Tracks
Limited, BLUE SKY NETWORK, SKY TRAC SYSTEMS LTD, FLYHT Aerospace Solutions
Ltd., Rockwell Collins, Garmin International Inc., and Honeywell International
Inc. Aireon LLC a major player with wide service portfolio while BLUE SKY
NETWORK specializes in tailored kids shoes segment.
Get
More Insights Here: https://www.ukwebwire.com/custom-shoes-market-demand-growth-and-regional-outlook-by-2030/
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