Valued at $ 202.8 billion by 2026, leather shoes are expected to experience robust growth globally

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FACTS AT A GLANCE
Editing: 5; Posted: April 2021
Executive pool: 1063
Companies: 1591 – Players covered include Adidas; Allen Edmonds; Bruno Magli; Stalls; Cole haan; Crockett & Jones; Genesco Inc .; Kering SA; LVMH; Nike; Prada Holding BV.; Puma; Reebok; Salvatore Ferragamo SpA. and others.
Blanket: All major geographies and key segments
Segments: Group (Man, Woman, Children); Distribution channel (offline, online)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; Spain; Russia; and rest of Europe); Asia Pacific (Australia; India; South Korea; and rest of Asia Pacific); Latin America (Argentina; Brazil; Mexico; and rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and rest of Middle East); and Africa.

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ABSTRACT-

Global Leather Footwear Market To Reach $ 202.8 billion by 2026
In the midst of the COVID-19 crisis, the global leather footwear market is estimated at US $ 170.1 billion in 2020, is expected to reach a revised size of 202.8 billion US dollars by 2026, with a CAGR of 3% during the analysis period. Men, one of the segments analyzed in the report, are expected to register a CAGR of 3.3% and reach US $ 123.1 billion at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the women’s segment is readjusted to a revised CAGR of 2.5% for the next 7-year period.

The US market is estimated at $ 47 billion in 2021, when China is expected to reach $ 38.7 billion by 2026
The market for leather footwear in the United States is estimated at US $ 47 billion in 2021. China, the world’s second-largest economy, is expected to reach a projected market size of 38.7 billion US dollars by 2026, with a CAGR of 4.8% over the analysis period. Other notable geographic markets include Japan and Canada, each projects growth of 1.8% and 2.5% respectively over the analysis period. In Europe, Germany is expected to grow by about 2.3% CAGR.

Segment of children to be reached US $ 9.5 billion by 2026
In the global children’s segment, United States, Canada, Japan, China and Europe will lead to the estimated 2.1% CAGR for this segment. These regional markets representing a combined market size of US $ 6.3 billion in 2020 will reach a projected size of 7.3 billion US dollars before the end of the analysis period. China will remain among the most dynamic of this group of regional markets. Following

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