Moderate growth in footwear market in 2021-2031

The global footwear market surpassed $410 billion in 2020, and is poised to reflect a moderate growth rate between 2021 and 2031, according to a study by Fact.MR, which said the market is estimated to register a 0.1 per cent growth in 2021 compared to last year. The market’s outlook remains steady over the coming years and will register a 4.5 per cent compounded annual growth rate (CAGR) till 2031.