LONDON–(BUSINESS WIRE)–The premium footwear market is expected to grow by $7.89 billion between 2020 and 2024, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the Premium Footwear market under optimistic, probable and pessimistic forecast scenarios.
Businesses will go through response, recovery and renewal phases. Download a free sample COVID-19 report
The high-end footwear market will witness a positive impact during the forecast period due to the widespread growth of the COVID-19 pandemic. According to Technavio’s pandemic-focused market research, market growth is expected to increase from 2019.
With the continued spread of the novel coronavirus pandemic, organizations around the world are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through phases of response, recovery and renewal. Building business resilience and enabling agility will help organizations move forward on their journey from the COVID-19 crisis to the next normal.
This post-pandemic business planning research will help clients:
- Adjust their strategic planning to move forward once business stability sets in.
- Build resilience by make efficient choices about resources and investments for individual business units, products and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
Download the post-pandemic business planning framework. Click here
Key Considerations for Market Forecast:
Impact of lockdowns, supply chain disruptions, demand destruction and changing customer behavior
Optimistic, probable and pessimistic scenarios for all markets as the impact of the pandemic unfolds
Market estimates before and after COVID-19
Quarterly impact analysis and updates on market estimates
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Top Three Players in the Premium Footwear Market:
Amer Sports Corp.
Amer Sports Corp. operates the business through various segments such as outdoor, ball sports and fitness. The main products offered by the company include SENSE FEEL GTX and SPEEDCROSS 5 GTX.
ASICS Corp. operates the business through various segments such as sports footwear, sportswear, sports equipment. The main products offered by the company include GEL-KAYANO 26 running shoes for men and women.
New Balance Athletics Inc.
New Balance Athletics Inc. operates the business through various segments such as women, boys and girls. The main products offered by the company include Fresh Foam Roav Knit running shoes for men and women.
If you purchase an updated report within the next 60 days, we’ll send you the new edition and data extract FREE! Get a preview of the report here to get a detailed market share analysis of market players during the COVID-19 lockdown: https://www.technavio.com/report/premium-shoes-market-industry-analysis
High-end footwear market 2020-2024: segmentation
The high-end footwear market is segmented as follows:
The high-end footwear market is driven by the growth of product customization. Additionally, other factors such as the adoption of various marketing and promotion strategies such as hiring celebrities to endorse the product are expected to drive the high-end footwear market to witness a CAGR of almost 3 % over the forecast period.
Get more insights on global trends impacting the future of the premium footwear market, request a free sample @ https://www.technavio.com/talk-to-us?report=IRTNTR43158
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Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.