According to a recent market study published by Growth Market Reports, titled, “Global Shoe with Knitted Upper Market by Form, By Application, By Distribution Channel, and By Region: Size, Share, Trends and Opportunity Analysis, 2015-2030”, the market was valued at US$ 3,667.9 Million in 2021 and is anticipated to expand at a growth rate of ~10,592.8% by 2030.

A shoe with a knitted upper refers to a type of footwear that features an upper portion made from a knitted fabric material. This design is often seen in athletic or casual shoes and has gained popularity in recent years. The adoption of designing and knitting technology, used in knit shoes offers temperature regulation, evaporation of sweat, permeability, and comfort.

Spacer fabric used in knit shoes is made using a single synthetic fiber type fabric. The consumption of spacer fabric in knitted shoes offers advantages such as a reduction in the processing cost of shoes and breathability. Spacer fabric, which is developed from the warp knitting machine, is used in the upper part of the knitted shoes. The hollow structure of the spacer fabric creates ventilation effects and adds an extract layer of comfort, foot protection, and resistance to abrasion in knitted shoes. The sports and leisure shoe industry offers several types of machines, which develop several types of knitted material made from wrap knitting machines single face tricot fabric, patterned spacer textiles, and engineered jacquard fabrics. The usage of knitted textiles for sports and leisure shoes thus boosts the demand for knitted shoes with uppers.

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The global Shoe with Knitted Upper Market has been segmented in terms of type, knitting machine type, distribution channel, and region. In terms of type, the global Shoe with Knitted Upper Market is split into casual shoes, running shoes, and sports shoes. Based on knitting machine type, the market is divided into weft knitting machines, and wrap knitting machines. On the basis of distribution channels, the market is fragmented into supermarkets, hypermarkets, specialty stores, e-commerce, and others. Considering regions, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

The unexpected advent of the coronavirus pandemic boosted the market. The long-term consequences of the pandemic are difficult to predict, as the world economy is grappling with this crisis, which is expected to have an influence on global trade and the supply chain. Supply for shoes with knitted uppers decreased during the pandemic, as manufacturing units shut down and lockdowns were enacted. This, in turn, hampered the market. The shoes with Knitted Upper market faced various challenges such as reduced demand due to COVID-19, a halt in international trade, and evolving trends to implement recycled fabrics to produce shoes.

Key Takeaways from the Study

  • Players in the global Shoe with Knitted Upper Market include ADIDAS AG, ASICS Corporation, Neeman's, Nike, Inc, PUMA SE, SKECHERS USA, Inc, New Balance, K-Swiss US, GREATS, and JACK & JONES. These players held a major share of the global Shoe with Knitted Upper Market in 2021.
  • Rising health concerns and technological advancements in knit shoes are key factors that drive the Shoe with Knitted Upper Market.
  • Investments and launch of products by key players is expected to create opportunities in the coming years.
  • Based on type, the market is segmented into casual shoes, running shoes, and sports shoes. The casual shoes segment is expected to hold a considerable share of the market during the forecast period. Casual shoes are a popular form of footwear. These shoes are designed for men and women, while some can be used by both genders. These are daily-use shoes and can be worn along with a wide array of apparel.
  • Based on knitting machine type, the market is fragmented into weft knitting machines, and wrap knitting machines. The weft knitting machines segment holds a key share of the market, as various companies are investing in R&D for the application of knitting fabric into various types of shoes. The weft knitting machine is further segmented into a circular knitting machine, straight bar, and flatbed.
  • Based on the distribution channel, the market is segmented into supermarkets, hypermarkets, specialty stores, e-commerce, and others. The specialty stores segment is anticipated to expand at a significant CAGR during the forecast period, as it focuses on a single class of products. This gives store managers and employees to develop expertise in marketing and sales of shoes with knitted uppers, which increases the frequency of consumer visits in the specialty stores.
  • Based on regions, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific accounted for a significant share of the market in 2021. The market in Europe is expected to grow at a rapid pace during the forecast period, due to the high investments by key players in the shoe and apparel industry. Companies from different countries in Europe are focusing on R&D to hold and strengthen their market position.

Report Scope

Report Metric

Details

Market Value in 2021

US$ 3,667.9 Million

Market Growth Rate (from 2021 to 2030)

13.05%

Historical Data

2015 & 2020

Base Year

2021

Forecast Period

2022 – 2030

Units Considered

Value (US$ Million)

Market Segments

By Type, By Knitting Machine Type, By Distribution Channel, and By Region

Key Companies Profiled

ADIDAS AG, ASICS Corporation, Neeman's, Nike, Inc, PUMA SE, SKECHERS USA, Inc, New Balance, K-Swiss US, GREATS, and JACK & JONES.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail of tailor-made purchase options to meet your research requirements.

Target Audience

  • Supply-side: Vendor, Manufacturer, Distributors, Supplier, Retailer.
  • Regulatory Side: Concerned government authorities, and other approved regulatory bodies.