NEW YORK, Oct. 7, 2022 /PRNewswire/ — The “Global Children’s Footwear Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026” report has been added to Technavio’s offering. The report expects the market size to grow by USD 17.53 billion between 2021 and 2026. However, the growth momentum is expected to decelerate at a CAGR of 8.12% during the forecast period. The report provides a detailed analysis of the factors impacting market size, the latest trends, key segments to invest in over the forecast period, and regional growth opportunities. Download PDF Report Sample
The market is driven by product premiumization led by design and material innovation. The continuous changes in the fashion industry coupled with evolving consumer demands are driving vendors to constantly innovate and introduce new footwear patterns and designs. They are regularly expanding their brand and product lines. Besides, vendors are increasing the availability of premium products that offer luxury appeal and can also be used as party wear. The introduction of such products is crucial in attracting consumer interest. Also, the high demand and premiumization allow manufacturers to increase the prices of their products. As a result of these factors, market growth is expected to accelerate over the forecast period.
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