Global Loafers Market
Global Loafers Market was valued at US$ 27.23 Billion in 2021, estimated to reach US$ 33.49 Billion in 2027, with a CAGR 2.86% from 2022-2027.
A type of footwear without laces which can be easily slipped on or off are called as Loafers. They are commonly used as casual and informal shoes, worn for work and ease. Loafers are also known as slip-ons as they do not use a fastening or lacing system and are instead simply slipped on the foot.
Market Drivers
The growing demand for fashionable and comfortable footwear is helping in the development of the loafer’s market.
Moreover, the rising living standards of consumers and development in online platforms because of growing internet penetration in different areas is driving the demand for loafers worldwide.
Loafers are made with a variety of materials, and are available in different colors, with or without embellishments and they are not overly fitted in the heel and therefore can simply get on and off the foot.
Market Restraints
Loafers have many advantages but also have few restraining factors like high cost and difficulty in maintenance. Similarly, suede has not good resistance to dust and dirt.
Market Segmentation
Loafers Market is segmented into major 4 categories. Based on Product, the market is divided into Leather, Fabric, Others. Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, Specialty Stores, online. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East.
Regional Analysis
Asia Pacific is anticipated to be the fastest-growing region in forecast period owing to the Increasing spending capacity amongst middle-class population groups, who are investing in comfortable and stylish apparel and footwear products, in countries including China, India, Bangladesh, and South Korea.
Europe is the second-largest market, in forecast period due to the growing importance of stylish footwear among the consumers of developed economies like Germany and the U.K. in this region.
Market Key Players
Some of the key players operating in Global Loafers Market are Allen Edmonds Corporation, Relaxo Footwears Limited, Hush Puppies, Wolf and Shepherd, BACCA BUCCI FASHIONS PVT. LTD., WOODLAND, Lee Cooper, Clark International, PUMA, and The Rockport Group.
Industry development
In December 2018, Londan based company “Farfetch” completed the acquisition of New York-based startup “Stadium Goods” in USD 250 million. Additionally, new product launches in terms of canvas loafers in developing economies including China and India, targeting the growing millennial population, is expected to open new avenues over the next few years.
Global Loafers Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Feedstock Types
3 Executive Summary
4 Global Loafers Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Loafers Market, By Product
5.1 Y-o-Y Growth Comparison, By Product
5.2 Global Loafers Market Share Analysis, By Product
5.3 Global Loafers Market Size and Forecast, By Product
5.3.1 Leather
5.3.2 Fabric
5.3.3 Others
6 Global Loafers Market, By Distribution Channel
6.1 Y-o-Y Growth Comparison, By Distribution Channel
6.2 Global Loafers Market Share Analysis, By Distribution Channel
6.3 Global Loafers Market Size and Forecast, By Distribution Channel
6.3.1 Supermarkets & Hypermarkets
6.3.2 Specialty Stores
6.3.3 Online
7 Global Loafers Market, By Region
7.1 Global Loafers Market Share Analysis, By Region
7.2 Global Loafers Market Share Analysis, By Region
7.3 Global Loafers Market Size and Forecast, By Region
8 North America Global Loafers Market Analysis and Forecast (2022 – 2027)
8.1 Introduction
8.2 North America Global Loafers Market Share Analysis, By Product
8.3 North America Global Loafers Market Size and Forecast, By Distribution Channel
8.4 North America Global Loafers Market Size and Forecast, By Country
8.4.1 U.S.
8.4.2 Canada
8.4.3 Mexico
9 Europe Global Loafers Market Analysis and Forecast (2022 – 2027)
9.1 Introduction
9.2 Europe Global Loafers Market Share Analysis, By Product
9.3 Europe Global Loafers Market Size and Forecast, By Distribution Channel
9.4 Europe Global Loafers Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4. Rest of Europe
10 Asia Pacific Global Loafers Market Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 Asia Pacific Global Loafers Market Share Analysis, By Product
10.3 Asia Pacific Global Loafers Market Size and Forecast, By Distribution Channel
10.4 Asia Pacific Global Loafers Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11 Latin America Global Loafers Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Latin America Global Loafers Market Share Analysis, By Product
11.3 Latin America Global Loafers Market Size and Forecast, By Distribution Channel
11.4 Latin America Global Loafers Market Size and Forecast, By Country
11.4.1. Brazil
11.4.2. Rest of Latin America
12 Middle East Global Loafers Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Middle East Global Loafers Market Share Analysis, By Product
12.3 Middle East Global Loafers Market Size and Forecast, By Distribution Channel
12.4 Middle East Global Loafers Market Size and Forecast, By Country
12.4.1. Saudi Arabia
12.4.2. UAE
12.4.3. Egypt
12.4.4. Kuwait
12.4.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 Allen Edmonds Corporation
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 Relaxo Footwears Limited
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 Hush Puppies
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Wolf and Shepherd
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 BACCA BUCCI FASHIONS PVT. LTD.
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 WOODLAND
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Lee Cooper
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Clark International
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 PUMA
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 The Rockport Group
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
