Global Shoelace Market Size By Type (Polyester Fibers, Cotton), By Application (Sports Shoes, Casual Shoes), By Geographic Scope And Forecast

Shoelace Market Size And Forecast

Shoelace Market size was valued at USD 1.13 Billion in 2022 and is projected to reach USD 1.37 Billion by 2030, growing at a CAGR of 2.54% from 2023 to 2030.

The Shoelace market has noticed a massive increase in the last past few years due to the increasing demand for sports, casual, and leather shoes. The growing population and increasing income levels are also contributing to the development of the global shoelace market. The report thoroughly analyzes critical segments, restraints, drivers, trends, competitive landscape, and factors that play an essential role in the market.

Global Shoelace Market Definition

Shoelaces! They're those cords or strings – you know, made from stuff like cotton, nylon, leather, or polyester – that we use to keep our shoes from flopping off our feet. You usually thread them through those little eyelets (or other holes) on the shoe and then tie them up tight. Shoelaces are super customizable! They come in all sorts of lengths, widths, colors, and patterns. Some even have reflective bits to help you be seen in the dark. Others are built for sports, with cool stuff like moisture-wicking and anti-slip features. Believe it or not, people have been using shoelaces for ages! They've been around since ancient times. These days, they're still essential for tons of shoes – sneakers, boots, even dress shoes and sandals. You can find them in just about any style and material you can imagine!

Global Shoelace Market Overview

Hey, you know how everyone's getting into cool shoes? Well, the Shoelace Market is blowing up because people are really into customized and designer shoelaces! It's all about adding a personal touch to your footwear. After all, who doesn't love unique and personalized stuff that shows off your own style? You can get shoelaces in custom colors, patterns – even add your own logos! Lots of companies now have online tools that let you design your own unique laces, which is super popular with younger folks who want to express themselves through fashion. Plus, it's not just customization; designer shoelaces are becoming a big deal too. High-end brands are making shoelaces as part of their collections, using cool designs, materials, and colors to add a little luxury to your look.

Beyond the basics, more people are getting into sports and fitness, which is creating a buzz for specialized shoelaces perfect for athletic shoes. The rise of e-commerce and the shift towards eco-friendly options like recycled polyester and organic cotton are also big factors boosting the market. But, let's be real, cheaper options like slip-ons and sandals could slow things down a bit. And if the price of materials like cotton, nylon, and polyester goes up and down too much, it could hit shoelace companies in the wallet. On the bright side, building out online stores lets shoelace makers reach more customers and sell more stuff. Plus, imagine smart shoelaces with GPS or self-tying features! That kind of innovation could really set some brands apart.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in The Shoelace Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in Global Shoelace Market gauge the attractiveness of a certain sector, and assess investment possibilities.

Global Shoelace Market Segmentation Analysis

The Global Shoelace Market is Segmented on the Basis of Type, Application, And Geography.

Shoelace Market, By Type

• Polyester Fibers
• Cotton
• Others

Depending on Type, the market is segmented into Polyester Fibers, Cotton, and Others. The Polyester Fibers segment accounted for the largest revenue share in 2021. Polyester fibers are man-made, synthetic fibers belonging to the thermoplastic polymers class. The polymerization of adipic acid produces them and has high strength, low melting points, and excellent heat resistance. The product is widely utilized in apparel & apparel such as socks, hosiery & stockings due to its comfort features along with its durability.

Shoelace Market, By Application

• Sports Shoes
• Casual Shoes
• Leather Shoes
• Others

Based on Application, the market is segmented into Sports Shoes, Casual Shoes, Leather Shoes, and Others. The Sports Shoes segment accounted for a significant revenue stake in the Shoelace market in 2021. The growth can be attributed to increasing demand from athletes and fitness enthusiasts, among other consumers. Casual shoe application is expected to grow at a significant CAGR owing to increasing acceptance among the working class population, including professionals, managers, and service providers in developed economies such as U.K., U.S., Germany, etc.

Shoelace Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

On the basis of Geography, the Global Shoelace Market is classified into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. During the prediction time, the Asia Pacific region is expected to maintain a major stake in the Global Shoelace Market due to growing product demand from developing countries such as India, China, Indonesia, Vietnam, and Thailand. The increasing population and rising disposable income levels will also favorably impact industry growth.

North America is also projected to witness substantial growth during the projection period due to growing consumer awareness regarding sports activities in countries such as the U.S., Canada, and Mexico, which will drive industry growth over the next seven years. Europe has been one of the most attractive areas for global shoe manufacturers due to the existence of well-established distribution channels along with a high purchasing power parity ratio compared to other developing economies across the globe, which makes it a perfect manufacturing base for global brands operating globally including Adidas.

Key Players

The “Global Shoelace Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Mr Lacy, Starks, Aventure, OrthoStep, Nathan, Ronhill, Converse, Dr. Martens, HICKIES, LOCK LACES, New Balance, NIKE, Timberland, Miscly, BIRCH, YFINE, Tinksky, BCB Wear, Benchmark Basics, AOMIDI.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

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