The Platform Shoes Market is estimated at USD 142.7 million in 2022 and is projected to reach USD 205.1 million by 2032, at a CAGR of ~3.7% from 2022 to 2032.
With the world narrowing due to significant technology improvements in air, ocean, and land routes, the path ahead for the platform shoes market is packed with hope. With rapid global development and an increase in the adoption of Western culture, the growth of the platform shoes industry appears to be unavoidable for the time being.
Furthermore, the expansion of E-Commerce platforms is likely to boost demand for platform shoes during the projection period. The nice thing about E-Commerce retailers is that they are recognised for offering big discounts on the retail prices, making platform shoes relatively affordable on this platform.
Additionally, prominent players are focusing their attention on lowering environmental consequences through reducing product replacement and, as a result, environmental footprint. Secondly, the objective of the players is to count the days and focus on the long term, rather than creating attention for the next hour.
Key Takeaways from the Platform Shoes Market Study
- E-commerce is expected to be the leading sales channel during the forecast period. As customer preferences shift, more individuals prefer internet retailing to traditional brick-and-mortar establishments. As a result, companies are expanding their online market presence. One of the primary aspects driving the growth of the online sales channel is the availability of a diverse assortment of platform shoes.
- The start-ups are focusing on producing eco-friendly footwear in order to have a good impact on the environment. This is an important step toward being carbon negative. For instance, Neeman’s was founded in 2016. It is a private label brand of footwear. Their portfolio includes sneakers, joggers, and loafers. The products are made from natural fibre of Merino wool.
- Rubber is the most commonly utilised material since it is used to prepare the soles of practically all platform boots. The platform boots are particularly comfortable due to the use of rubber.
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“People are getting very conscious about their style while companies taking sincere efforts to come up with innovative designs and features will help the growth of platform shoes market.” Says an FMI Analyst.
Who is winning?
Leading players operating in the Platform Shoes market are Bottega Veneta, H&M, F21 IPCo, LLC, Pull & Bear, Alexander McQueen, ASOS, GANNI, Stella McCartney, Carvela Ltd, The Row among others.
Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of the platform shoes market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on Platform Shoes Market By Material (Synthetic, Fabric, Leather, Others) By Consumer Orientation (Men, Women) By Width (Medium, Wide) By Closure Type (Laces, Velcro, Straps, Zippers, Others) By Sales Channel (Hypermarket/Supermarket, Wholesalers/Distributors, Specialty Stores, Multi-brand Stores, Independent Small Stores, Online Retailers, Other Sales Channel) & Region – Forecast to 2022-2032.
Platform Shoes Market by Category
By Material:
- Synthetic
- Fabric
- Leather
- Others
By Consumer Orientation:
- Men
- Women
By Width:
- Medium
- Wide
By Closure Type:
- Laces
- Velcro
- Straps
- Zippers
By Sales Channel:
- Hypermarket/Supermarket
- Wholesalers/Distributors
- Specialty Stores
- Multi-brand Stores
- Independent Small Stores
- Online Retailers
- Other Sales Channel
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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