Wilmington, Delaware, August 14, 2024 (GLOBE NEWSWIRE) – Allied Market Research published a report titled: “Shoe with knitted upper Market by type (casual shoes, sports shoes and running shoes) and distribution channel (supermarkets and hypermarkets, specialty Stores, E-Commerce and Others): Global Opportunity Analysis and Industry Forecast, 2024-2033″According to the report, the knitted upper footwear market was valued at $2.7 billion in 2023 and is estimated to reach $4.5 billion by 2033, growing at a CAGR of 5.4% between 2024 and 2033.
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Key growth factors
The main factors driving growth in the knitted upper footwear market are multi-faceted and interrelated. A key driver is the increasing consumer demand for comfort and functionality in footwear. Knitted uppers offer superior flexibility, breathability and a tailored fit, thereby meeting modern preferences for casual and sportswear. This growing focus on comfort is particularly evident in the rising popularity of athleisure and casual footwear, where knitted designs are increasingly preferred due to their performance and style.
Technological advances in knitting techniques are also playing a crucial role. Innovations such as 3D knitting and seamless construction are improving the design possibilities and functionality of knitted uppers, leading to more durable and high-performance footwear options. In addition, the trend towards sustainability is significantly influencing market growth. Consumers are increasingly looking for environmentally friendly products, and the use of recycled materials and sustainable production methods in knitted upper footwear is meeting this demand and contributing to their increasing appeal.
Report scope and details:
| Report coverage | Details |
| Forecast period | 2024–2033 |
| Base year | 2023 |
| Market size in 2023 | 2.7 billion US dollars |
| Market size in 2033 | 4.5 billion US dollars |
| CAGR | 5.4% |
| Number of pages in the report | 270 |
| Segments covered | Type, distribution channel and region. |
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Get the full report (288 pages PDF with findings, charts, tables and figures): https://tinyurl.com/4vtnycps
Segment highlights
The casual shoes segment is in high demand in the knitted upper shoes market. The knitted upper casual shoes segment is in high demand due to several compelling factors. Knitted uppers offer exceptional comfort and flexibility, creating a comfortable yet adaptable fit that makes everyday wear easier. Their versatility and modern style make them suitable for a wide range of casual activities and outfits, appealing to consumers seeking both fashion and functionality. The breathable and lightweight nature of knitted uppers keeps feet cool and dry, making them ideal for extended wear in different climates. Additionally, easy maintenance—many of which are machine washable or easy to wipe down—adds to their practicality. Advances in knitting technology also enable innovative designs and patterns, attracting consumers looking for unique and trendy casual shoes. These combined properties contribute to the strong demand for knitted upper casual shoes.
The specialty store segment is in high demand in the knitted upper footwear market. These stores offer extensive expertise and product knowledge, enabling them to provide detailed information and personalized recommendations, which enhances the shopping experience and builds consumer confidence. They also offer a curated selection of high-quality and innovative knitted upper footwear, allowing customers to find unique and fashionable options that are not always available in general retail. The enhanced shopping experience, including the ability to try on different styles and receive expert advice, appeals to consumers looking for specialized footwear solutions. Additionally, specialty stores often carry exclusive collections or brands, which drives demand as consumers look for distinctive and trendy products.
Regional outlook
Asia Pacific dominates the knitted upper footwear market for several key reasons that underscore its leadership in the industry. The region benefits from a robust and rapidly growing manufacturing base, with advanced textile and knitting technologies driving production efficiency and innovation. Countries such as China, Vietnam, and India are major producers of knitted upper footwear, leveraging their extensive manufacturing infrastructure to meet the growing demand. In addition, Asia Pacific has a large and diverse consumer base with varied preferences and a growing middle class that is increasingly investing in fashionable and comfortable footwear. This demographic shift is driving the high demand for knitted upper footwear that offers both style and functionality.
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Players: –
- Jack Wolfskin GmbH & Co.
- K-SWISS (E. Land World Company, Ltd.)
- VF Corporation (VFC).
The report offers a detailed analysis of these key players in the global Wireless Stereo Headsets market. These players have adopted different strategies such as new product launch, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable as it highlights the business development, business segments, product portfolio, and strategic moves of the market players to present the competitive scenario.
Recent developments
- In September 2021, New Balance collaborated with Stone Island to release its first 3D knit upper in a stripped-down look using 3D technology. Design details include the left foot with the Stone Island compass logo and the right foot with bold New Balance graphics.
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