Self-lacing shoes are shoes with technology that tighten themselves automatically once you put them on. Self-lacing shoes are sometimes known as power laces or self-tying shoes. In addition, these shoes have capabilities like self-tightening, heating, and shock-absorbing shoes. Professional athletes, basketball players, and those with disabilities are the most likely to buy self-lacing shoes.
MARKET DYNAMICS
During the forecast period, the lack of awareness regarding self-lacing shoes in various emerging nations around the world is expected to limit the growth of these shoes. In terms of price, the product is extremely costly. In addition, it is not available in specialised stores or multi-brand retail outlets in a number of growing markets. In various places of the world, these variables have a detrimental impact on the selling of self-lacing shoes. Furthermore, corporations invest much in research and development to assure advancements in self-lacing shoe technology, which is expected to raise the overall cost of manufacture of these shoes.
MARKET SCOPE
The "Global Shoelaces Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the shoelaces market with detailed market segmentation by application, distribution channel and type. The global shoelaces market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading shoelaces market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global shoelaces market is segmented into application, distribution channel and type. By application, the shoelaces market is classified into sports shoes, casual shoes, leather shoes and others. By distribution channel, the shoelaces market is classified into supermarkets and hypermarkets, specialty stores, online retail and others. By type, the shoelaces market is classified into Sports Shoes, Casual Shoes, Leather Shoes and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global shoelaces market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The shoelaces market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the shoelaces market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the shoelaces market in these regions.
MARKET PLAYERS
The report covers vital developments in the shoelaces market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the shoelaces market are anticipated to witness lucrative growth opportunities in the future with the rising demand for shoelaces in the global market. Below mentioned is the list of few companies engaged in the shoelaces market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the shoelaces market. Besides, the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.
- OrthoStep
- Nathan
- Ronhill
- Converse
- Dr. Martens
- HICKIES
- LOCK LACES
- New Balance
- NIKE
- Timberland