Shoe with Knitted Upper Market Size, Share & Industry | 2030
Shoe with Knitted Upper Market Size, Share & Industry | 2030
Segments - Shoe with Knitted Upper Market by Type (Casual Shoes, Running Shoes, and Sports Shoes), Knitting Machine Type (Weft Knitting Machine, and Wrap Knitting Machine), Distribution Channel (Supermarkets, Hypermarkets, Specialty Stores, E-commerce, and Others), and Regions (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2022-2030
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Report Description
Shoe with Knitted Upper Market Outlook
The global shoe with knitted upper market size was estimated at USD 3,667.9 Million in 2021 and is anticipated to reach USD 10,592.8 Million by 2030, expanding at a CAGR of 13.05% during the forecast period, 2022-2030.
A knitted upper is a material, made of strong, lightweight strands of yarn woven into a shoe. The knitted fabric is the upper part of the knit shoes made from different materials such as polyester, nylon, and spandex fibers. The shoes with Knitted Upper fabric offer several advantages, which include breathability, lightweight, form-fitting, comfortable, and ease to clean.
The upper part of the knit shoes is made from recyclable materials, which offer resistance to odor and reduces waste, reducing environmental pollution. The shoes with Knitted Upper are made using advanced knitting technology, that offers several benefits such as breathability, warmth, and performance benefits.
The demand for knit shoes is rising, as the upper part of the knit shoes is developed using knitting technology and recycling knit materials in the shoe manufacturing process. The design of knitted shoes with uppers is developed using a CNC knitting machine.
The knit machines are loaded with polyester, nylon, and spandex fibers. The upper materials of the knit shoes are developed from circular knitting machines, warp knitting machines, and others, which offer breathability and require less waste to clean.
Shoe with Knitted Upper Market Macro-economic Factors
Footwear Industry
Raw materials used in the manufacturing of shoes entail the high cost of the process and increase wastage. Mass customization in the footwear industry consumes time, increases labor, and boosts production costs.
The adoption of digital knitting technology in the mass production of knit footwear and reduces waste materials and labor costs. The flat knitted upper design of the knit shoes is resistant to abrasion and offers comfort and stretchability. The usage of bio-recyclable, knitted fabric, and knitting technology, offers convenience and benefits, which in turn, drives the market.
Increasing R&D Investments
The footwear industry is constantly improving design and adopting knitting technology for the manufacturing of sports shoes. The manufacturers of sports shoes focus on the introduction of circular knitting technology, which makes them breathable, odor resistant, and reduces wastage.
The adoption of circular knitting and flat knitting technology is rising in the market, as these are breathable, comfortable, require low production costs, and flexible. Rising awareness about the benefits associated with the use of knitted fabrics for manufacturing sports shoes is creating opportunities in the market.
Shoe with Knitted Upper Market Dynamics
Major Drivers
Rise in Number of Children Engaging in Sports
Sport-playing Individuals and professional athletes prefer wearing sports or athletic shoes, as it directly affects their performance. Manufacturers focus on the development of knit sports shoes, which enhances their performance while playing a sport. The demand for knitted fabric is rising in the textile industry, as it offers benefits and customization in the shoe-making process.
Adidas AG has developed a knit fabric called Prime knit for sports shoes, which has a unique design that reduces waste production and offers comfort to the sportsperson. The Nike Fly knit upper fabric adopted knitting technology and offers customization in the knit shoe production process, which enhances the performance of athletes, wearing the knitted shoes.
The Nike fly knit is customized with a micro-level precision-engineered design according to the structure of the foot and the comfort of the consumers. The rising number of consumers wearing sports or athletic shoes boosts the demand for knitted shoes with upper fabric.
Increase in Preference for Knitted Fabrics
The demand for upper materials of the knit shoes is increasing, as these shoes offers comfort, reduces abrasion, improves permeability, and decreases the wastage of materials. Knitted materials are use for making leisure and sports shoes, as they do not retain moisture properties, improve permeability, and offer comfort.
Sport knit shoes manufacturers adopt flat knitting technology while making knit shoes for athletes. Knit shoes made for athletes utilize eco-friendly materials such as recycled plastic from the ocean, recyclable fibers, and organic cotton.
Knit shoes manufacturers are using recycled plastic from the ocean, thus adopting 3D knitting technology, which is an efficient mode of production, which reduces the cost of production and wastage of materials. Thus, rising popularity of knitted fabrics and growing number of environmental consciousness and sustainability in the fabrics industry drive the market.
Existing Restraints
The government imposed many restrictions and bans on the import and export of the fabrics used in the manufacturing of knit shoes. For instance, Nike Inc announces allegations against Adidas AG's Prime knit shoes for copying the patented innovation of knitted fabric, which reduces waste without any loss in performance. The restrictions imposed by the US trade agency on the import of knitted fabric, negatively impact the sale of knitted shoes with the upper market.
Emerging Opportunities
Customization requires long time to production, labor, and inventory costs. The adoption of digital knitting technology offers convenience and satisfaction to consumers, owing to the benefits offered by the knitted shoes. The knitted technology and customization in the design of shoes, prevents foot-related health condition and reduces the wastage of material and labor costs.
Recyclable materials are used in the upper part of the knitted shoes, which reduces environmental pollution in the footwear industry. The automation adopted in the production of knit shoes, owing to the development of knit material through knitting machines.
The knitting machines use eco-friendly materials, which increases its sale on the e-commerce platform. Rising marketing initiatives and preference for online shopping, thus driving the demand for knitted shoes on e-commerce platforms.
Scope of Shoe with Knitted Upper Market Report
The report on the global Shoe with Knitted Upper Market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes |
Details |
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Report Title |
Shoe with Knitted Upper Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast |
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Base Year |
2021 |
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Historic Data |
2015–2020 |
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Forecast Period |
2022–2030 |
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Segmentation |
Types (Casual Shoes, Running Shoes, and Sports Shoes), Knitting Machine Type (Weft Knitting Machine, and Wrap Knitting Machine), Distribution Channel (Supermarkets, Hypermarkets, Specialty Stores, E-commerce, and Others) |
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Regional Scope |
Regions (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered |
ADIDAS AG, ASICS Corporation, Neeman's, Nike, Inc, PUMA SE, SKECHERS USA, Inc, New Balance, K-Swiss US, GREATS, and JACK & JONES. |
Shoe with Knitted Upper Market Segment Insights
Type Segment Analysis
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. Consumers prefer wearing casual shoes with knitted uppers to accomplish daily activities, as these shoes are comfortable to wear.
Knitting Machine Type Segment Analysis
On the basis of knitting machine type, the market is fragmented into weft knitting machines, and wrap knitting machines. The weft knitting machine 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.
Distribution Channels Segment Analysis
In terms of distribution channels, the market is classified as supermarkets, hypermarkets, specialty stores, e-commerce, and others. The specialty stores segment is anticipated to grow at a significant pace in the near future, 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.
Regional Analysis
Based on regions, the market is fragmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific accounted for a significant share of the market in 2021. Key market players such as Nike, Adidas, and Puma in Asia Pacific are launching shoes with Knitted Upper as casual wear. Companies in the region are entering into collaborations for advancements in industrial knitting machines.
Key Benefits for Industry Participants & Stakeholders
- In-depth Analysis of the Global Shoe with Knitted Upper Market
- Historical, Current, and Projected Market Size in Terms of Value
- Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
- Industry Drivers, Restraints, and Opportunities Covered in the Study
- Recent Industry Trends and Developments
- Competitive Landscape & Strategies of Key Players
- Neutral Perspective on Global Shoe with Knitted Upper Market Performance
Segments
Type
- Casual Shoes
- Running Shoes
- Sports Shoes
Knitting Machine Type
- Weft Knitting Machine
- Wrap Knitting Machine
Distribution Channel
- Supermarket
- Hypermarket
- Specialty Stores
- E-commerce
- Others
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Market Players Profiled in the Report
- ADIDAS AG
- ASICS Corporation
- Neeman's
- Nike, Inc.
- PUMA SE
- SKECHERS USA, Inc.
- New Balance
- K-Swiss US
- GREATS
- JACK & JONES
Competitive Landscape
Manufacturers operating in the global Shoe with Knitted Upper Market are ADIDAS AG, ASICS Corporation, Neeman's, Nike, Inc, PUMA SE, SKECHERS USA, Inc, New Balance, K-Swiss US, GREATS, and JACK & JONES.
Market players are pursuing strategies such as acquisitions, product launches, collaborations, and geographic expansion to leverage untapped opportunities in the global Shoe with Knitted Upper Market.
Frequently Asked Questions
The base year considered for the global Shoe with Knitted Upper Market report is 2021. The complete analysis period is 2015 to 2030, wherein, 2015 to 2020 are the historic years.
The forecasted year considered for the global Shoe with Knitted Upper Market report is 2030.
In addition to market size (in US$ Million), company market share (in % for the base year 2021), macroeconomic factors, and supply chain analysis.
The global shoe with the knitted upper market was negatively impacted by COVID-19. The impact was significant for the footwear industry. Many designing, manufacturing, and testing centers, especially in Asia Pacific reduced or even halted operations due to a shortage of labor.
Major manufacturers include ADIDAS AG, Nike, Inc., ASICS Corporation, PUMA SE, and SKECHERS USA, Inc.
Factors such as the footwear industry, increasing R&D investments, and environmental impact and sustainability are analyzed in the final report.
According to this Growth Market Reports report, the global shoe with knitted upper market size is likely to register a CAGR of 13.05% during the forecast period 2022-2030, with a projected valuation of USD 10,592.8 Million by the end of 2030.
The rise in the number of children engaging in sports, the increase in preference for knitted fabrics, and technological advancements in knit shoes are the factors expected to drive the market growth during the forecast period.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
Additional company profiles can be provided on request. For a discussion related to the above findings, click Speak to Analyst
Table Of Content
Chapter 1 Executive SummaryChapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Shoe with Knitted Upper Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Shoe with Knitted Upper Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Shoe with Knitted Upper Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Shoe with Knitted Upper Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Shoe with Knitted Upper Market Size & Forecast, 2016-2031
4.5.1 Shoe with Knitted Upper Market Size and Y-o-Y Growth
4.5.2 Shoe with Knitted Upper Market Absolute $ Opportunity
4.6 Pricing Analysis & Forecast, 2015-2030
4.7 Global Shoe with Knitted Upper Market: Impact Of Key Regulations
4.8 Environmental Impact/Sustainability data: Knit Upper Shoe Market
4.9 Consumer Behavior Analysis (Top of Mind Brands, Purchase Pattern & Preferences)
4.10 Current and Future Market Trends
4.11 Manufacturing Process of Knitted Shoe Overview
4.12 New Product Launches (Past 5 Years)
Chapter 5 Global Shoe with Knitted Upper Market Analysis and Forecast By Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Type
5.1.2 Basis Point Share (BPS) Analysis By Type
5.1.3 Absolute $ Opportunity Assessment By Type
5.2 Shoe with Knitted Upper Market Size Forecast By Type
5.2.1 Casual Shoes
5.2.2 Running Shoes
5.2.3 Sports Shoes
5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Shoe with Knitted Upper Market Analysis and Forecast By Knitting Machine Type
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities By Knitting Machine Type
6.1.2 Basis Point Share (BPS) Analysis By Knitting Machine Type
6.1.3 Absolute $ Opportunity Assessment By Knitting Machine Type
6.2 Shoe with Knitted Upper Market Size Forecast By Knitting Machine Type
6.2.1 Weft Knitting Machine
6.2.2 Wrap Knitting Machine
6.3 Market Attractiveness Analysis By Knitting Machine Type
Chapter 7 Global Shoe with Knitted Upper Market Analysis and Forecast By Distribution Channel
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities By Distribution Channel
7.1.2 Basis Point Share (BPS) Analysis By Distribution Channel
7.1.3 Absolute $ Opportunity Assessment By Distribution Channel
7.2 Shoe with Knitted Upper Market Size Forecast By Distribution Channel
7.2.1 Supermarket
7.2.2 Hypermarket
7.2.3 Specialty Stores
7.2.4 E-commerce
7.2.5 Others
7.3 Market Attractiveness Analysis By Distribution Channel
Chapter 8 Global Shoe with Knitted Upper Market Analysis and Forecast by Region
8.1 Introduction
8.1.1 Key Market Trends & Growth Opportunities by Region
8.1.2 Basis Point Share (BPS) Analysis by Region
8.1.3 Absolute $ Opportunity Assessment by Region
8.2 Shoe with Knitted Upper Market Size Forecast by Region
8.2.1 North America
8.2.2 Europe
8.2.3 Asia Pacific
8.2.4 Latin America
8.2.5 Middle East & Africa (MEA)
8.3 Market Attractiveness Analysis by Region
Chapter 9 Coronavirus Disease (COVID-19) Impact
9.1 Introduction
9.2 Current & Future Impact Analysis
9.3 Economic Impact Analysis
9.4 Government Policies
9.5 Investment Scenario
Chapter 10 North America Shoe with Knitted Upper Analysis and Forecast
10.1 Introduction
10.2 North America Shoe with Knitted Upper Market Size Forecast by Country
10.2.1 U.S.
10.2.2 Canada
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 North America Shoe with Knitted Upper Market Size Forecast By Type
10.6.1 Casual Shoes
10.6.2 Running Shoes
10.6.3 Sports Shoes
10.7 Basis Point Share (BPS) Analysis By Type
10.8 Absolute $ Opportunity Assessment By Type
10.9 Market Attractiveness Analysis By Type
10.10 North America Shoe with Knitted Upper Market Size Forecast By Knitting Machine Type
10.10.1 Weft Knitting Machine
10.10.2 Wrap Knitting Machine
10.11 Basis Point Share (BPS) Analysis By Knitting Machine Type
10.12 Absolute $ Opportunity Assessment By Knitting Machine Type
10.13 Market Attractiveness Analysis By Knitting Machine Type
10.14 North America Shoe with Knitted Upper Market Size Forecast By Distribution Channel
10.14.1 Supermarket
10.14.2 Hypermarket
10.14.3 Specialty Stores
10.14.4 E-commerce
10.14.5 Others
10.15 Basis Point Share (BPS) Analysis By Distribution Channel
10.16 Absolute $ Opportunity Assessment By Distribution Channel
10.17 Market Attractiveness Analysis By Distribution Channel
Chapter 11 Europe Shoe with Knitted Upper Analysis and Forecast
11.1 Introduction
11.2 Europe Shoe with Knitted Upper Market Size Forecast by Country
11.2.1 Germany
11.2.2 France
11.2.3 Italy
11.2.4 U.K.
11.2.5 Spain
11.2.6 Russia
11.2.7 Rest of Europe
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Europe Shoe with Knitted Upper Market Size Forecast By Type
11.6.1 Casual Shoes
11.6.2 Running Shoes
11.6.3 Sports Shoes
11.7 Basis Point Share (BPS) Analysis By Type
11.8 Absolute $ Opportunity Assessment By Type
11.9 Market Attractiveness Analysis By Type
11.10 Europe Shoe with Knitted Upper Market Size Forecast By Knitting Machine Type
11.10.1 Weft Knitting Machine
11.10.2 Wrap Knitting Machine
11.11 Basis Point Share (BPS) Analysis By Knitting Machine Type
11.12 Absolute $ Opportunity Assessment By Knitting Machine Type
11.13 Market Attractiveness Analysis By Knitting Machine Type
11.14 Europe Shoe with Knitted Upper Market Size Forecast By Distribution Channel
11.14.1 Supermarket
11.14.2 Hypermarket
11.14.3 Specialty Stores
11.14.4 E-commerce
11.14.5 Others
11.15 Basis Point Share (BPS) Analysis By Distribution Channel
11.16 Absolute $ Opportunity Assessment By Distribution Channel
11.17 Market Attractiveness Analysis By Distribution Channel
Chapter 12 Asia Pacific Shoe with Knitted Upper Analysis and Forecast
12.1 Introduction
12.2 Asia Pacific Shoe with Knitted Upper Market Size Forecast by Country
12.2.1 China
12.2.2 Japan
12.2.3 South Korea
12.2.4 India
12.2.5 Australia
12.2.6 South East Asia (SEA)
12.2.7 Rest of Asia Pacific (APAC)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Asia Pacific Shoe with Knitted Upper Market Size Forecast By Type
12.6.1 Casual Shoes
12.6.2 Running Shoes
12.6.3 Sports Shoes
12.7 Basis Point Share (BPS) Analysis By Type
12.8 Absolute $ Opportunity Assessment By Type
12.9 Market Attractiveness Analysis By Type
12.10 Asia Pacific Shoe with Knitted Upper Market Size Forecast By Knitting Machine Type
12.10.1 Weft Knitting Machine
12.10.2 Wrap Knitting Machine
12.11 Basis Point Share (BPS) Analysis By Knitting Machine Type
12.12 Absolute $ Opportunity Assessment By Knitting Machine Type
12.13 Market Attractiveness Analysis By Knitting Machine Type
12.14 Asia Pacific Shoe with Knitted Upper Market Size Forecast By Distribution Channel
12.14.1 Supermarket
12.14.2 Hypermarket
12.14.3 Specialty Stores
12.14.4 E-commerce
12.14.5 Others
12.15 Basis Point Share (BPS) Analysis By Distribution Channel
12.16 Absolute $ Opportunity Assessment By Distribution Channel
12.17 Market Attractiveness Analysis By Distribution Channel
Chapter 13 Latin America Shoe with Knitted Upper Analysis and Forecast
13.1 Introduction
13.2 Latin America Shoe with Knitted Upper Market Size Forecast by Country
13.2.1 Brazil
13.2.2 Mexico
13.2.3 Rest of Latin America (LATAM)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Latin America Shoe with Knitted Upper Market Size Forecast By Type
13.6.1 Casual Shoes
13.6.2 Running Shoes
13.6.3 Sports Shoes
13.7 Basis Point Share (BPS) Analysis By Type
13.8 Absolute $ Opportunity Assessment By Type
13.9 Market Attractiveness Analysis By Type
13.10 Latin America Shoe with Knitted Upper Market Size Forecast By Knitting Machine Type
13.10.1 Weft Knitting Machine
13.10.2 Wrap Knitting Machine
13.11 Basis Point Share (BPS) Analysis By Knitting Machine Type
13.12 Absolute $ Opportunity Assessment By Knitting Machine Type
13.13 Market Attractiveness Analysis By Knitting Machine Type
13.14 Latin America Shoe with Knitted Upper Market Size Forecast By Distribution Channel
13.14.1 Supermarket
13.14.2 Hypermarket
13.14.3 Specialty Stores
13.14.4 E-commerce
13.14.5 Others
13.15 Basis Point Share (BPS) Analysis By Distribution Channel
13.16 Absolute $ Opportunity Assessment By Distribution Channel
13.17 Market Attractiveness Analysis By Distribution Channel
Chapter 14 Middle East & Africa (MEA) Shoe with Knitted Upper Analysis and Forecast
14.1 Introduction
14.2 Middle East & Africa (MEA) Shoe with Knitted Upper Market Size Forecast by Country
14.2.1 Saudi Arabia
14.2.2 South Africa
14.2.3 UAE
14.2.4 Rest of Middle East & Africa (MEA)
14.3 Basis Point Share (BPS) Analysis by Country
14.4 Absolute $ Opportunity Assessment by Country
14.5 Market Attractiveness Analysis by Country
14.6 Middle East & Africa (MEA) Shoe with Knitted Upper Market Size Forecast By Type
14.6.1 Casual Shoes
14.6.2 Running Shoes
14.6.3 Sports Shoes
14.7 Basis Point Share (BPS) Analysis By Type
14.8 Absolute $ Opportunity Assessment By Type
14.9 Market Attractiveness Analysis By Type
14.10 Middle East & Africa (MEA) Shoe with Knitted Upper Market Size Forecast By Knitting Machine Type
14.10.1 Weft Knitting Machine
14.10.2 Wrap Knitting Machine
14.11 Basis Point Share (BPS) Analysis By Knitting Machine Type
14.12 Absolute $ Opportunity Assessment By Knitting Machine Type
14.13 Market Attractiveness Analysis By Knitting Machine Type
14.14 Middle East & Africa (MEA) Shoe with Knitted Upper Market Size Forecast By Distribution Channel
14.14.1 Supermarket
14.14.2 Hypermarket
14.14.3 Specialty Stores
14.14.4 E-commerce
14.14.5 Others
14.15 Basis Point Share (BPS) Analysis By Distribution Channel
14.16 Absolute $ Opportunity Assessment By Distribution Channel
14.17 Market Attractiveness Analysis By Distribution Channel
Chapter 15 Competition Landscape
15.1 Shoe with Knitted Upper Market: Competitive Dashboard
15.2 Global Shoe with Knitted Upper Market: Market Share Analysis, 2022
15.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
15.3.1 ADIDAS AG
15.3.2 ASICS Corporation
15.3.3 Neeman's
15.3.4 Nike, Inc.
15.3.5 PUMA SE
15.3.6 SKECHERS USA, Inc.
15.3.7 New Balance
15.3.8 K-Swiss US
15.3.9 GREATS
15.3.10 JACK & JONES
Methodology
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