The global demand for Shoelace Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Shoelaces are a pair of strings used to secure shoes, boots, and other footwear. Shoelaces always come in a pair, one for each shoe, and have stiff ends. Each shoelace passes through a series of holes called eyelets on either side of a shoe. These shoe strings are tied in different shapes, but most commonly, a simple bow. Modern shoelaces are made of synthetic fibers and have a less rough appearance. They have a longer shelf life than traditional ones since they suffer less wear due to friction and are not very susceptible to rotting from moisture. Special fibers like flame-resistant Nomex are used to make laces for safety boots worn by firefighters. The length of a shoelace varies according to the type of lacing and the type of lace. Shoestrings are available in many colors and widths as well as there are many accessories available for use with shoelaces.
Market Dynamics
The rising awareness about the benefits of wearing proper-fitting shoes among the global population is the primary stimulant for the shoelaces market's growth. High disposable income and shoes becoming an integral part of every wardrobe will benefit market growth. The increasing importance of safety shoes in construction sites, places where lifting of machinery or goods takes place, and high voltage areas as protective equipment will boost the market growth. The changing lifestyles and adoption of physical activities or sports as part of the daily routine among health-conscious urban communities will be a market booster. Mushrooming of online and retail outlets will further propel market growth. The main challenge faced by this market is that improper lacing can cause foot problems.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of shoelace. The growth and trends of shoelace industry provide a holistic approach to this study.
Market Segmentation
This section of the shoelace market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Polyester Fibers
- Cotton
- Others
By Application
- Sports Shoes
- Casual Shoes
- Leather Shoes
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Shoelace market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Shoelace Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the shoelace market include OrthoStep, Nathan, Ronhill, Converse, Dr. Martens, HICKIES, LOCK LACES, New Balance, NIKE, Timberland, Miscly, BIRCH, YFINE, Tinksky, BCB Wear, Benchmark Basics, AOMIDI. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
METHODOLOGY:
This market research report has been produced by gathering information based on primary and secondary research. Secondary research has been done using various sources, including (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. Additionally, our team conducts extensive primary research with key industry participants to gather first-hand data. The data is then analyzed and validated by industry experts.
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