Canvas Shoes Manufacturing Industry. Production of Vulcanized Rubber Canvas Shoes. Profitable Business Opportunities in Footwear Industry
Canvas shoes are flat shoes with a lower white lines & with the basic shoes laces, Canvas shoes are the shoe modules which are also used as a part of uniforms because of their very basic looks.
Canvas shoes are a casual wear item and are extensively used by armed forces personnel, police, Home guards, NCC and civilian personnel. In the present age of health consciousness these are also utilized for jogging, aerobic exercises. These shoes are very popular amongst students and children. As the name suggests the shoes are made of canvas cloth. The shoe upper is of canvas while the base is moulded rubber. Its cheapness as well as its comfort is the main reasons for its popularity.
Market Outlook
Rise in demand for canvas from footwear industry for manufacturing canvas shoes owing to low production cost and low maintenance is expected to drive market growth. Furthermore, rising demand for canvas for manufacturing products including backpacks, handbags and electronic device cases is also anticipated to augment market growth over the next seven years.
Canvas shoes are one of the cheapest available for the purpose. Although shoes made from other material such as leather, PVC etc. are also available in the market but, are many times costly. Canvas shoes are also a popular sportswear and are preferred foe children. These shoes are extensively used by labourers, industrial workers, farmers, and roadside vendors. There is a good demand for such shoes as such a number of renowned shoe makers are in the field.
Global Footwear Market is expected to garner $371.8 billion by 2020, registering a CAGR of 5.5% during the forecast period 2015 - 2020. Footwear industry is growing at a steady pace since the past few years. The rising demand for fancy, trendy yet comfortable footwear among all age groups is a key factor driving the global footwear industry. The global footwear market is segmented by type of footwear, end users of footwear, various platforms for sale of footwear, material used, and their sales across various geographies. Asian countries, such as China and India are major exporters of leather footwear across developed countries (UK and US). The report explains material used for manufacturing footwear, which includes leather and non-leather; and analyzes the market for both types of footwear.
The global footwear market is rising expeditiously as footwear is increasingly becoming a fashion accessory. Not only this, the increasing demand for trendy, yet comfortable footwear among all age groups a key factor driving the global footwear market. With increasing participation in sporting activities and changing lifestyle, there is a massive demand for athletic shoes among non-sportspersons as well. Manufacturers are continuously focused on expanding their product portfolio in order to gain competitive advantage in this market.
By product type, the global footwear market is segmented into non-athletic footwear and athletic. Athletic footwear is further divided into soccer/football shoe, running and cross training/tennis shoe, golf shoe, hiking shoe, basketball shoe, baseball shoe, and others. On the other hand, non-athletic is sub-segmented into casual footwear, military boots, dress evening footwear, lite hiking outdoor sandal, and others.
On the basis of end-use, the footwear market is classified into men’s footwear, women’s footwear, and kid’s footwear. Among these, women’s footwear accounts for the leading contribution in terms of both revenue and volume. Women’s footwear remains a dynamic category with the presence of several brands, huge increase in points of sale, and significant budgets for marketing and advertising campaigns.
The global market is segmented based on type, mode of sale, gender, material, and geography. Increasing health awareness is generating higher demand for athletic footwear among individuals worldwide. In addition, changing lifestyles and rising number of working professionals are leading the demand for non-athletic footwear segment. The mode of sale segments the market into retail and online sale.
Key players in the global footwear market include Adidas AG, Nike Inc., New Balance Inc., Puma SE, Asics Corp. Bata Limited, Deichmann SE, Skechers USA Inc., VF Corp., W.L. Gore & Associates Inc., Sympatex Technologies GmbH, Kathmandu Holdings Limited, Columbia Sportswear Company, New Balance Inc., The Aldo Group Inc., VF Corp., and Jack Wolfskin,
Footwear Industry in India
India is the second largest producer of footwear globally, accounting for 13 percent of the global footwear production, next to China, which dominates the global footwear industry accounting for close to 67 per cent of the market.
Indian footwear industry is mainly driven by men’s footwear segment, which has been booming with the rise in the purchasing power and the growth of image consciousness among the youngsters. Furthermore, with the rising younger working class population, the demand for formal footwear has also seen significant increase.
The footwear market in India is now dominated by men’s footwear which contributes close to 58% of the total Indian footwear retail market and is expected grow at a CAGR of 10% by 2020. The women’s footwear segment, however, is projected to grow at a much faster CAGR of 20%. In term of product type, casual footwear is the largest product segment in India’s footwear market that contributes approximately 67% of the total footwear retail market. Moreover, Non-leather footwear accounts for 56% of the overall footwear market in India. While the industry is currently dominated by the unorganized domestic SME footwear manufacturers, but with changing consumer behavior and modern lifestyle, the footwear products made by those medium and large brands are likely to witness a bigger sales in the near future.
The Indian footwear market is likely to drive more by the rising fashion consciousness among the young generation and growing consumer’s preference to their lifestyles. Moreover, the improvement in the footwear retail sector, as well as the growing e-commerce market in India are also expected to further boost the performance of India’s footwear industry in future.
Over the past decade, India has been witnessing a rising trend of consumer orientation towards health and wellness. The rapid urbanization is responsible for a hectic lifestyle which has led to rise in the incidence of lifestyle diseases. Voluntarily and mandated by their physicians, the consumers have become more health conscious and have imbibed various physical activities into their lifestyle.
Currently, some of the largest footwear manufacturers in India include Bata India Limited, Liberty Shoes Limited, Paragon Group, Relaxo Footwears Limited, Adidas AG, PUMA, Geox S.p.A., Skechers USA, Incorporation, Nike Incorporation, and Under Armour Inc. While the major footwear producing states in India are: Tamil Nadu, New Delhi, Uttar Pradesh, Punjab, Haryana, Maharashtra, West Bengal, Rajashtan, and Kerala.
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