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Global Loafers Market to reach USD 31.72 billion by 2028.

Global Loafers Market Size study, by Product (Leather, Fabric), By Distribution Channel (Specialty Stores, Online) and Regional Forecasts 2022-2028

Product Code: OIRCGS-70229244
Publish Date: 14-08-2022
Page: 200

Global Loafers Market is valued approximately USD 27.05 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 3.80% over the forecast period 2022-2028. Loafers are a type of footwear that is constructed from a range of materials. They come in a variety of colours and with and without design features. They also do not require lacing or tying, which is a great advantage for the elderly people who lack the agility to tie their shoelaces. These factors have raised demand for loafers and will drive market expansion throughout the projected period. Another element propelling the market ahead is the increased desire for comfortable and fashionable footwear. Furthermore, improving consumer living standards and improvements in online shopping platforms as a result of greater internet penetration in diverse places are fuelling worldwide demand for loafers. Loafers are becoming more popular as the middle-aged working population’s need for attractive and comfortable footwear grows. Loafers are popular among people of all ages since they are easy to put on and take off and are not too fitting in the heel. Millennials and Generation X tend to buy stylish, comfy, and elegant shoes. Leather shoes are often regarded as a premium product, and they account for a sizable market share. The rising quantity of fashion style films posted by fashion gurus on social media platforms and satellite television is projected to raise buyer knowledge. As a result, shoppers are projected to spend more on quality items such as canvas loafers and penny loafers as part of their fashion style. For example, in December 2018, the Landan-based business “Farfetch” finalised the USD 250 million acquisition of the New York-based startup “Stadium Goods.” Furthermore, new product launches of canvas loafers in developing countries such as China and India, aimed at the expanding millennial generation, are projected to open new doors in the coming years. The high cost of Loafers, on the other hand, stifles market expansion over the projection period of 2022-2028.

The key regions considered for the Global Loafers Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific has the biggest market share. Rising purchasing power among middle-class population groups in countries such as China, India, Bangladesh, and South Korea, who are investing in comfortable and trendy clothing and footwear goods, is projected to be a positive driver for industry growth. China is the world’s largest footwear manufacturer, with items exported to the United States, Canada, the United Kingdom, and Germany. The second-largest market was Europe. A prominent trend seen in this area is the growing prominence of fashionable footwear among customers in developed economies such as Germany and the United Kingdom.

Major market player included in this report are:
The Rockport Group
Wolf and Shepherd
Clark International
Lee Cooper
Hush Puppies
Relaxo Footwears Limited
Allen Edmonds Corporation
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 Product:
By Distribution Channel:
Supermarkets & Hypermarkets
Specialty Stores

By Region:
North America

Asia Pacific
South Korea
Latin America
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 Loafers 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

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Loafers Market, by Region, 2020-2028 (USD Billion)
1.2.2. Loafers Market, by Product, 2020-2028 (USD Billion)
1.2.3. Loafers Market, by Distribution Channel, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Loafers Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Loafers Market Dynamics
3.1. Loafers Market Impact Analysis (2020-2028)
3.1.1. Market Drivers Growing demand for comfortable and stylish footwear Rising living standards of consumers
3.1.2. Market Challenges High Cost of Loafers
3.1.3. Market Opportunities Enhancement in online shopping platforms
Chapter 4. Global Loafers Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Loafers Market, by Product
6.1. Market Snapshot
6.2. Global Loafers Market by Product, Performance – Potential Analysis
6.3. Global Loafers Market Estimates & Forecasts by Product 2018-2028 (USD Billion)
6.4. Loafers Market, Sub Segment Analysis
6.4.1. Leather
6.4.2. Fabric
6.4.3. Others
Chapter 7. Global Loafers Market, by Distribution Channel
7.1. Market Snapshot
7.2. Global Loafers Market by Distribution Channel, Performance – Potential Analysis
7.3. Global Loafers Market Estimates & Forecasts by Distribution Channel 2018-2028 (USD Billion)
7.4. Loafers Market, Sub Segment Analysis
7.4.1. Supermarkets & Hypermarkets
7.4.2. Specialty Stores
7.4.3. Online
Chapter 8. Global Loafers Market, Regional Analysis
8.1. Loafers Market, Regional Market Snapshot
8.2. North America Loafers Market
8.2.1. U.S. Loafers Market Product breakdown estimates & forecasts, 2018-2028 Distribution Channel breakdown estimates & forecasts, 2018-2028
8.2.2. Canada Loafers Market
8.3. Europe Loafers Market Snapshot
8.3.1. U.K. Loafers Market
8.3.2. Germany Loafers Market
8.3.3. France Loafers Market
8.3.4. Spain Loafers Market
8.3.5. Italy Loafers Market
8.3.6. Rest of Europe Loafers Market
8.4. Asia-Pacific Loafers Market Snapshot
8.4.1. China Loafers Market
8.4.2. India Loafers Market
8.4.3. Japan Loafers Market
8.4.4. Australia Loafers Market
8.4.5. South Korea Loafers Market
8.4.6. Rest of Asia Pacific Loafers Market
8.5. Latin America Loafers Market Snapshot
8.5.1. Brazil Loafers Market
8.5.2. Mexico Loafers Market
8.6. Rest of The World Loafers Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. The Rockport Group Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. Wolf and Shepherd
9.2.3. Clark International
9.2.4. Lee Cooper
9.2.5. Hush Puppies
9.2.6. PUMA
9.2.8. Relaxo Footwears Limited
9.2.10. Allen Edmonds Corporation
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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