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Wednesday, November 15, 2023

Lucintel Forecasts Global Footwear Manufacturing Machinery Market to Reach $6 billion by 2030

According to a market report by Lucintel, the future of the global footwear manufacturing machinery market looks promising with opportunities in the designer and commercial markets. The global footwear manufacturing machinery market is expected to reach an estimated $6 billion by 2030 with a CAGR of 4.8% from 2024 to 2030.

The major drivers for this market are rising sales of high-end footwear, increasing demand for recyclable and plant materials based footwears, and widespread availability of footwear across e-commerce platforms.

A more than 150–page report is developed to understand trends, opportunity and forecast in footwear manufacturing machinery market to 2030 by solutions (product and services), machine type (manual, automatic, and semi-automatic), end use industry (designer and commercial), and region (North America, Europe, Asia Pacific, and the Rest of the World).

In this market, manual, automatic, and semi-automatic are the major segments of footwear manufacturing machinery market by machine type.

Lucintel forecasts that automatic is expected to witness highest growth over the forecast period due to its substantial use in footwear manufacturing facilities to speed up production, increase production capacity, and reduce production time.

Within this market, commercial will remain the largest segment due to growing demand for footwear production equipment in this sector to boost affordability and reduce reliance on labor.

APAC is expected to witness highest growth over the forecast period due to booming e-commerce sector, rising population demand for footwear of the finest quality, and presence of key footwear manufacturing hubs in the region. 

ALC Tecnologie Adesive, Atom, Brustia Alfameccanica, Comelz, Dongguan Kingstone Shoe-Making Machinery, Gusbi, Kou Yi Iron Works, Orisol, and True Ten Industrial are the major suppliers in the footwear manufacturing machinery market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email:
roy.almaguer@lucintel.com
Tel. 972.636.5056

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