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Top Five Shoe Companies in the World

Thanks to the dramatic increase in customer purchasing habits and a shift in consumer perspective that places style on the same footing as comfort, the global footwear market has been rising by leaps and bounds over the past few decades. Global shoe companies are witnessing phenomenal sales growth on the edge of a retail revolution in a fast-changing retail environment. It is doubtful that the global footwear industry will slow down any time soon, with global footwear demand rising at an impressive pace.

Business Review of Global Footwear

In view of the booming sales of a broad variety of footwear items across both online and offline distribution channels, market analysts have projected that by 2022, the footwear market would generate revenues of approximately $353 billion, while the global footwear market size has the potential to rise by $42.06 billion between 2020 and 2024, with a steady CAGR of over 2% during that time. Owing to the introduction of revolutionary designs and advanced technological fabrication by the world’s leading shoe firms, the market for premium footwear products is staggering. In fact, this is triggering the growth of the global demand for footwear. For their revolutionary offerings, leading footwear companies such as Adidas, ASICS, and Nike are well known.

World’s Top 05 Shoe Companies in 2020

Nike

Nike has always been at the forefront of creativity, technological growth, and cutting-edge marketing strategies as one of the world’s largest shoe shoe brands, helping it overtake other brands in terms of success and sales. The ad campaign of Nike ‘Just Do It’ featuring Colin Kaepernick has proved to be successful for the brand as it helped to boost their online sales of footwear items worldwide. Nike, the largest brand of sports footwear in the world, is reinventing itself for the digital age. The organization is taking several steps towards its goal of being a retail technology business and some of these initiatives already seem to be working. With shoes such as Nike Air Max 270, ZoomX, React, and VaporMax, Nike is also getting its flagship products right.

nike shoes

Adidas

Adidas, with its origins in Germany, has become one of the world’s top shoe brands. With independent manufacturing partners around the world, the company manufactures more than 900 million sports and leisure products. In 2019, it produced revenues of approximately $25 billion, and these staggering figures are a testimony to what has become a massive and multifaceted adidas company. The shoe company has soared to extreme heights of popularity with more than 1000 stores around the globe. Not only has Adidas become an icon of sports fashion, but through its impressive marketing techniques, it has also presented a collective picture of street, pop culture, music, sports, and other fashion statements, defining its life.

adidas shoes

New Balance

The Boston-based multinational business New Balance shuns celebrity sponsorship, unlike many of its competitors. By highlighting lesser-known athletes, the firm claims to prioritize substance over style. New Balance sells fitness clothing and accessories for children and operates shoemaker Dunham, in addition to producing men’s and women’s shoes for basketball, soccer, golf, hiking, running, and cross training. Aravon shoes for comfort, Warrior hockey apparel, PF Flyers boots, and Brine, a pioneer in field hockey, lacrosse, soccer, and volleyball, are all part of the company’s product range. The business is striving to grow beyond the US and has recently opened its first UK shop on Oxford Street in London.

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ASICS

ASICS is one of the largest shoe businesses in Japan and a provider of other equipment. ASICS has been a global footwear company dedicated to nurturing youth around the world through sports since its founding in 1949. The company has produced its own goods for more than six decades while making improvements in the social climate. ASICS recently announced the launch of its new tennis footwear ‘Solution Pace’ product, which is designed to improve agility and speed during the game. Three of the company’s advanced technologies include the Solution Speed shoe: Court Specific FlyteFoam, TWISTRUSS, and FLEXION FIT.

asics shoes

Kering (PUMA)

In clothing and accessories, Kering is a global pioneer. It produces an ensemble of influential brands such as Gucci, Bottega Veneta, Volcom, and Puma, including luxury, fashion, and sports. The Puma brand offers an impressive and flexible range of shoes, clothes and accessories. Puma has consistently grown over the past few decades to launch a diversified range of products that includes Puma Suede, Basket, Roma, Easy Rider, and many more. With pioneers such as Ducati and Ferrari, Puma’s motorsports line includes co-branded shoes. The technologically advanced sneaker of this brand, Faas, is endorsed by the world’s fastest man, Usain Bolt.

puma shoes

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