Global Shoe Insoles Market is valued at approximately USD 5.38 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 4.6% over the forecast period 2022-2028.
The Shoe Insoles are inside of the soles that are worn and torn in the long run. Thus, rising demand for cost-effective and non-invasive foot treatment and increasing prevalence of sports injuries are factors contributing to the market growth. For instance: according to Insurance Information Institute, basketball injuries were 214,847 units, football injuries were 122,181 units, soccer injuries were 81,452 units in the USA. However, variations in the raw-material prices impede the growth of the market over the forecast period of 2022-2028. Also, rising growth of the footwear industry and innovations in the products are likely to increase the growth of the market in the forecasting period.
The regional analysis of global Shoe Insoles market includes Asia Pacific, North America, Europe, Latin America and Rest of the World for analysis and estimation. Asia Pacific is the leading region across the world in terms of market share owing to changing lifestyles. Whereas, North America is also anticipated to exhibit the highest growth rate over the forecast period 2022-2028. Increasing back pain and joint pain would create lucrative growth prospects for the Shoe Insoles market across North American region.
Major market players included in this report are:
FootBalance System
Bauerfeind AG
Bayer Healthcare AG
Foot Science International
Peacock Medical Group
Powerstep
SOLO Laboratories Inc
Spenco Medical Corporation
Superfeet Worldwide Inc
Texon International Group
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Material:
Foam
Gel
Rubber
By Application:
Casual
Athletic
Orthotics
By End-User:
Men
Women
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019,2020
Base year - 2021
Forecast period - 2022 to 2028
Target Audience of the Global Shoe Insoles Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors