An Incisive, In-depth Analysis on the Shoe Insert Market
This study offers a comprehensive, 360 degree analysis on the Shoe Insert market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Shoe Insert market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
From an estimated market size of US$ 36,287.4 Mn in 2019, the value sales of the shoe insert market are expected to reach US$ 53,137.9 Mn by 2027, expanding at a CAGR of 4.9%
The global footwear industry is being considered to be a vast and established industry in the global market. Over the years, the industry has witnessed a tremendous rate of transformation in terms of product offerings, which have been varying as per the changing trends and perceptions of customers across the globe, owing to which various shoe manufacturers have been taking steps to cater to the needs of target customers. Personal hygiene and healthcare are the two main factors that customers take into serious consideration when it comes to buying and wearing any kind of footwear. Shoe inserts are an integral part of any kind of shoes since they provide comfort to users. Hence, customers consider buying shoe inserts that match up to their preference and comfort for daily use. Various types of shoes inserts have been gaining traction in the global market, which include sports shoe inserts, casual shoe inserts, orthotic as well as safety shoe inserts. Orthotic shoe inserts promote various health benefits to customers.
Rise in the global demand for orthotic shoe inserts
Orthotic shoe inserts are witnessing higher demand in the global pharmaceutical and healthcare industry. Orthotic shoe inserts provide therapy for various types of common foot problems such as heel pain, arch pain or ball of foot pain. Moreover, orthotic shoe inserts help realign the feet and ankles to restore the full function of the feet. The consumers of today seek products that promote health benefits in terms of the food that they consume, their clothes, as well as the type of footwear and shoe inserts. Convenience is another major factor that consumers seek when it comes to buying these products. Orthotic shoe inserts fulfil the above-mentioned preferences and requirements of consumers, which has led to the high global demand for shoe inserts.
Performance-enhancing sports shoe inserts are witnessing higher demand among athletes and other sports personnel
Athletes and other sports personnel always seek products that facilitate high performance and, at the same time, incur less tiredness. Sports shoe inserts have been gaining attention among these sports personnel for all the good reasons. Sports shoe inserts help protect one’s feet, which creates a strong barrier between the foot and the ground. Sports shoe inserts provide arch support, which offers support to athletes to run faster or make any agile turns while playing any sport. Due to these reasons, sports shoe inserts have been witnessing high demand in the world of sports.
The availability of innovative shoe inserts
IoT (Internet of Things) is being implemented in the manufacture of various types of traditional consumer goods, which include shoe inserts, to promote ease of use. The evolution of shoe inserts has gone above and beyond the convenience of consumers. In 2018, NWTNLabs, one of the key players in the global shoe insert market, launched the RUNVI smart shoe insert that measures and provides various critical parameters to users. The RUNVI shoe insert enables users to track their running technique and the distance covered.
Online platforms are driving the global shoe insert market in terms of value sales
Internet penetration has been surging year-on-year in various parts of the globe. It enables customers to gain easy access to information about the various shoe inserts available in the market. This factor has encouraged various manufacturers of shoe inserts to promote and sell their products through various e-commerce and social media sites.
Multinational players are relatively highly concentrated on a global scale as compared to the local & regional manufacturers of shoe inserts
The global shoe insert market is primarily characterised by the presence of a large number of regional and multinational companies. The detailed profiles of the companies in the shoe insert market have also been included in the global shoe insert market report for the evaluation of their key product offerings, strategies and recent developments. Some of the key players profiled in the global shoe insert market study include ALINE Systems, Inc.; Implus LLC; Aetrex Worldwide, Inc.; SUPERFEET WORLDWIDE, INC.; Bauerfeind; Foot Science International; Peacocks Medical Group; ARNEPLANT, S.L.; currex GmbH; AF Group; Ottobock Holding; Texon International Group Limited; Sorbothane, Incorporated; Footbalance System Ltd.; RSscan Lab Ltd.; Diafarm Laboratories (Noene); Birkenstock USA, LP; Wiivv Wearables Inc.; Guangzhou Shunyang SM Co Ltd. and Reckitt Benckiser (Scholl).
This report provides forecast and analysis of the global shoe insert market. It provides analysis on the basis of historical data and forecast from 2019 to 2027 in terms of revenue (US$ Mn). The report reveals the shoe insert market dynamics in seven geographic segments, along with market analysis for the current and future scenario. In addition, it includes the drivers, restraints and recent trends of the shoe insert market. The shoe insert report also comprises opportunities for the manufacturers of shoe inserts and highlights the value chain analysis in detail. The study demonstrates the market dynamics and trends across regions that are expected to influence the current status and future prospects of the shoe insert market.
The report studies the global shoe insert market for the period 2019–2027. The prime objective of this report is to offer quantitative and qualitative insights and study the key market trends pertaining to the global shoe insert market that gradually help transform businesses.
The market numbers have been assessed by carefully scrutinising the shoe insert spending of countries in all the seven key regions for the current year, as well as the historical performance of the market. The market size and forecast for each segment in the shoe insert market has been provided in the context of regional markets. All the segmentation of the shoe insert market has been considered after appropriate secondary research and the revalidation of the data obtained through interviews with key thought leaders and industry experts. The market has been forecast based on constant currency rates. The report includes the revenue generated from the sales of shoe inserts across all the regional economies.
The report begins with an executive summary intended to provide a clear perspective about the shoe insert market to the reader. It is then followed by an overview of the shoe insert market and provides the definition of the shoe insert market, along with an analysis about the drivers, restraints, opportunities and key trends in the market. The sections that follow includes the global shoe insert market analysis by product type, source, end use, sales channel and a country-level analysis.
On the basis of product type, the global shoe insert market is segmented into casual insoles, sports insoles, orthotic, safety insoles and pair formats. On the basis of end user, the global shoe insert market is segmented into men, women and kids. The global shoe insert market is further segmented on the basis of base materials, i.e. polymer, plastic, rubber, carbon fibre and silicone. On the basis of sales channel, the global shoe insert market is segmented into supermarket/hypermarkets, specialty stores, franchise stores and online stores.
All the above sections evaluate the shoe insert market on the basis of the various factors affecting the market, which cover the present scenario and future prospects. For market data analysis, the report considers 2016 as the base year, with market numbers estimated for 2017 and forecast made for 2017–2027. All the segmentation of the shoe insert market has been considered after appropriate secondary research and the revalidation of the data obtained through interviews with key thought leaders in the industry. The market has been forecast based on constant currency rates.
The next section of the report highlights the market by region and provides the market outlook for 2017–2027. The study investigates the regional Year-On-Year (Y-o-Y) growth of the shoe insert market. The key regions assessed in this report include North America, Latin America, Europe, Asia Pacific Excluding Japan, Middle East & Africa and Japan. The shoe insert market report evaluates the present scenario and growth prospects of the regional market for 2017–2027.
The shoe insert market numbers have been assessed based on sales and weighted average pricing by nature and product type. The aggregate revenue is derived through the weighted average country pricing trends. The shoe insert market size and forecast for each segment has been provided in the context of the country. The shoe insert market has been analysed based on the expected demand and current spending scenario. The prices considered for the calculation of revenue include the average country prices obtained through primary quotes from numerous regional shoe insert manufacturers, suppliers and distributors. All the key product types have been considered on the basis of secondary sources, i.e. OECD, UN data and feedback from primary respondents. The country-wise demand patterns have been considered while estimating the consumption of shoe inserts across various regions. Shoe insert market numbers for all the regions by product type, base material, end use and distribution channel have been derived using the bottom-up approach, which is cumulative of each country’s demand. The company-level share of the shoe insert market has been derived on the basis of revenues reported by key manufacturers. The shoe insert market has been forecast based on constant currency rates. Given the characteristics of the market, we have triangulated the outcome on the basis of three different types of analysis: based on supply side, demand side analysis for shoe inserts and the impact of macro-economic factors on the shoe insert market. In addition, it is imperative to note that, in a fluctuating global economy, we not only conduct market forecasts in terms of Compound Annual Growth Rate (CAGR), but also analyse the market based on key parameters, such as Y-o-Y growth rates, to understand the predictability of the shoe insert market and identify the right opportunities for players.
The segments of the global shoe insert market have been analysed in terms of Basis Point Share (BPS) to understand the relative contributions of each segment to market growth. This detailed level of information is important for identifying the various key trends in the shoe insert market. Another key feature of this report is the analysis of the market in terms of the absolute dollar opportunity represented by the sales of shoe inserts. The absolute dollar opportunity is critical for evaluating the scope of opportunity that a provider can look to achieve as well as to identify the lucrative segments. The overall absolute dollar opportunity represented by the shoe insert market is mentioned in the report. To understand the key growth segments in terms of the growth and adoption for shoe inserts in the global market, FMI has developed the market ‘Attractiveness Index.’ The resulting index is expected to help providers identify the real market opportunities. A number of primary and secondary sources were referred during the course of the study. Some of the secondary sources include IMF, World Bank, Hoovers, Factiva, the annual reports of companies and government associations & publications.
In the final section of the report on the shoe insert market, a ‘dashboard view’ of the companies is provided to compare the current industrial scenario and their contribution to the overall shoe insert market. Moreover, it is primarily designed to provide clients an objective and detailed comparative assessment of the key providers specific to a segment in the shoe insert market. Report audiences can gain segment-specific manufacturer insights to identify and evaluate the key competitors in the shoe insert market. The detailed profiles of companies are also included in the report to evaluate their strategies, key product offerings and recent developments. Some of the key players of the global shoe insert market include Implus LLC; ALINE Systems, Inc.; Aetrex Worldwide, Inc.; Bauerfeind; Foot Science International; SUPERFEET WORLDWIDE, INC.; ARNEPLANT, S.L.; Peacocks Medical Group; currex GmbH; AF Group; Texon International Group Limited; Ottobock Holding; Sorbothane, Incorporated; Footbalance System Ltd.; RSscan Lab Ltd.; Birkenstock USA, LP; Diafarm Laboratories (Noene); Wiivv Wearables Inc.; Reckitt Benckiser (Scholl) and Guangzhou Shunyang SM Co. Ltd.
Shoe Insert Market Reports - Table of Contents
1. Global Shoe Insert Market - Executive Summary
11. Research Methodology
12. Secondary and Primary Sources
13. Assumptions and Acronyms