ID: MRFR/CR/6610-HCR | February 2021 | Region: Global | 90 pages
Global Shoe Care Products Market Size is projected to grow at a rate of 4.6% from 2019 to 2024 and reach a market value of USD 6.13 Billion by the end of 2024. Shoe care products widely consist of shoe brushes, shoe polishes, shoe colors and dyes, and protection sprays which help in maintaining the proper condition of the footwear. Shoe care products assist in maintaining shoe hygiene and the aesthetic appeal of the footwear. New innovative products such as shoe refreshers and deodorizers are also gaining the attention of the consumers, which is further boosting the growth of the market. Increase in sales of shoes and growth of the footwear industry are the major factors fuelling the growth of the global shoe care products market. Moreover, the demand for sports footwear is on the rise, which is expected to support the growth of the global market. However, an increasing number of counterfeit products and harmful ingredients used in shoe care products are the factors that are expected to hamper the growth of shoe care products market during the forecast period.
The global shoe care products market has been segmented based on type, distribution channel, and region.
Based on type, market has been classified into brushes and buffing cloths, polishing creams, waxes and liquids, colors and dyes, protection sprays, and others.
Based on distribution channel, market has been segmented into store-based and non-store-based. The store-based segment has been further classified as supermarkets and hypermarkets, specialty stores, and others.
The global shoe care products industry has been analyzed for four key regions—North America, Europe, Asia-Pacific, and the rest of the world.
The North American market has further been segmented into the US, Canada, and Mexico.
The European market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe.
Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific.
The shoe care products industry in the rest of the world has been segmented into South America, the Middle East, and Africa.
Regional Market Summary
Global Shoe Care Products Market Share (%), by Region, 2018
Source: Secondary Sources and MRFR Analysis
The market in Europe is expected to dominate the global shoe care products market during the forecast period. Higher per capita disposable incomes and opulent lifestyles are the main factors responsible for the large market share of the European market across the globe. The market in North America is expected to be the second-largest market in the global shoe care products market. However, the Asia-Pacific shoe care products market is expected to register the highest CAGR during the forecast period due to increasing per capita disposable incomes of the consumers. Moreover, increasing population and changing fashion trends are also projected to drive the market growth of this region.
Global Shoe Care Products Market, by Type
Global Shoe Care Products Market, by Distribution Channel
Global Shoe Care Products Market, by Region