Global Online Footwear Market 2019-2023
About Online Footwear
Online footwear involves the retail sales of athletic and non-athletic footwear through online distribution channels that Internet services support.
Technavio’s analysts forecast the Global Online Footwear Market to grow at a CAGR of 4.98% during the period 2019-2023.
Covered in this report
The report covers the present scenario and the growth prospects of the global online footwear market. To calculate the market size, the report considers the revenue generated from the sales of footwear products through online channels.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Online Footwear Market 2019-2023
Technavio recognizes the following companies as the key players in the global online footwear market: adidas, Amazon, ASICS, eBay, and Nike.
Commenting on the report, an analyst from Technavio’s team said: “One trend affecting this market is increasing adoption of omnichannel retailing.” The purchase volume of footwear products through both online and offline channel is increasing.
According to the report, one driver influencing this market is the growth of e-commerce and m-commerce as online retail sales channel. Since the e-commerce industry has been recording an exponential growth rate during the forecast period, a large volume of footwear products is being sold through online channels.
Further, the report states that one challenge affecting this market is the sluggish Internet connectivity of devices hampering sales operations. The interconnectivity issues in the Internet infrastructure can hinder business performance.