footwear manufacturing machinery market Overview:
The global footwear manufacturing machinery market is expected to reach $23,372.1 million by 2025, from $16,836.3 million in 2017, growing at a CAGR of 4.3% from 2018 to 2025. Footwear manufacturing machinery includes machines used for manufacturing & designing of shoe upper and insole parts, and it assembles and stabilizes these parts to form a finished shoe product. Companies such as Atom S.p.A, Brustia Alfameccanica S.r.l., Comec, and Comelz S.p.A are some of the leading players in the footwear manufacturing machines market.
The demand for footwear production is increasing rapidly, owing to change in lifestyle and fashion trends, which in turn boost the demand for footwear making machinery. Furthermore, the footwear making machinery simplifies the manufacturing process and increases production capacity and reduces operational time. These factors are majorly driving the demand for footwear making machinery. However, uncertainty in the manufacturing industry can hamper the growth of the footwear manufacturing machinery.
The global footwear manufacturing machinery market is segmented by solution, machine type, and region. The solutions segment includes various products and services related to the footwear manufacturing machinery. The product segment is further divided into cutting machine, lasting machine, shoe stitching machine, closing machines (upper assembly), bottoming machines, finishing machines, and others (insole making machine, managing & handling machine, and shoe repair machine). The service division is sub segmented into maintenance and repair services.
Based on machine type, the market is categorized into manual machine, semi-automatic machine, and automatic machine. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In 2017, Asia-Pacific accounted for the highest share in the footwear manufacturing machinery market and is anticipated to secure the leading position during the forecast period, owing to wide presence of footwear manufacturing companies and key presence of footwear making machinery manufacturers in Taiwan.
The key players analyzed in the report include ALC Tecnologie Adesive S.r.l., Atom S.p.A, Brustia Alfameccanica S.r.l., Comec, Comelz S.p.A, Dongguan Kingstone Shoe-making Machinery Co. Ltd., Elitron IPM S.r.l., Kou Yi Iron Works Co., Ltd., Orisol Taiwan Ltd., and True Ten Industrial Co., Ltd.
footwear manufacturing machinery Key Market Segments:
By Solutions
Product
Cutting machine
Lasting machine
Shoe stitching machine
Closing Machines (Upper Assembly)
Bottoming Machines
Finishing Machines
Others
Services
Maintenance
Repair
By Machine Type
Manual
Automatic
Semi-Automatic
By Geography
North America
U.S.
Canada
Mexico
Europe
Italy
Germany
Spain
Romania
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Players
ALC Tecnologie Adesive S.r.l.
Atom S.p.A
Brustia Alfameccanica S.r.l.
Comec
Comelz S.p.A
Dongguan Kingstone Shoe-making Machinery Co. Ltd.
Elitron IPM S.r.l.
Kou Yi Iron Works Co., Ltd.
Orisol Taiwan Ltd.
True Ten Industrial Co., Ltd.
The global footwear manufacturing machinery market is expected to reach $23,372.1 million by 2025, from $16,836.3 million in 2017, growing at a CAGR of 4.3% from 2018 to 2025. Footwear manufacturing machinery includes machines used for manufacturing & designing of shoe upper and insole parts, and it assembles and stabilizes these parts to form a finished shoe product. Companies such as Atom S.p.A, Brustia Alfameccanica S.r.l., Comec, and Comelz S.p.A are some of the leading players in the footwear manufacturing machines market.
The demand for footwear production is increasing rapidly, owing to change in lifestyle and fashion trends, which in turn boost the demand for footwear making machinery. Furthermore, the footwear making machinery simplifies the manufacturing process and increases production capacity and reduces operational time. These factors are majorly driving the demand for footwear making machinery. However, uncertainty in the manufacturing industry can hamper the growth of the footwear manufacturing machinery.
The global footwear manufacturing machinery market is segmented by solution, machine type, and region. The solutions segment includes various products and services related to the footwear manufacturing machinery. The product segment is further divided into cutting machine, lasting machine, shoe stitching machine, closing machines (upper assembly), bottoming machines, finishing machines, and others (insole making machine, managing & handling machine, and shoe repair machine). The service division is sub segmented into maintenance and repair services.
Based on machine type, the market is categorized into manual machine, semi-automatic machine, and automatic machine. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In 2017, Asia-Pacific accounted for the highest share in the footwear manufacturing machinery market and is anticipated to secure the leading position during the forecast period, owing to wide presence of footwear manufacturing companies and key presence of footwear making machinery manufacturers in Taiwan.
The key players analyzed in the report include ALC Tecnologie Adesive S.r.l., Atom S.p.A, Brustia Alfameccanica S.r.l., Comec, Comelz S.p.A, Dongguan Kingstone Shoe-making Machinery Co. Ltd., Elitron IPM S.r.l., Kou Yi Iron Works Co., Ltd., Orisol Taiwan Ltd., and True Ten Industrial Co., Ltd.
footwear manufacturing machinery Key Market Segments:
By Solutions
Product
Cutting machine
Lasting machine
Shoe stitching machine
Closing Machines (Upper Assembly)
Bottoming Machines
Finishing Machines
Others
Services
Maintenance
Repair
By Machine Type
Manual
Automatic
Semi-Automatic
By Geography
North America
U.S.
Canada
Mexico
Europe
Italy
Germany
Spain
Romania
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Players
ALC Tecnologie Adesive S.r.l.
Atom S.p.A
Brustia Alfameccanica S.r.l.
Comec
Comelz S.p.A
Dongguan Kingstone Shoe-making Machinery Co. Ltd.
Elitron IPM S.r.l.
Kou Yi Iron Works Co., Ltd.
Orisol Taiwan Ltd.
True Ten Industrial Co., Ltd.
Table of Contents
Chapter 1: Introduction
CHAPTER 2: Executive summary
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: Footwear manufacturing machines market, BY solution
CHAPTER 5: Footwear manufacturing machines market, BY Machine type
CHAPTER 6: Footwear manufacturing machines market, BY Region
CHAPTER 7: Company profiles
Executive Summary
According to this report titled 'Footwear Manufacturing Machines Market by Solution and Machine Type: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,' the footwear manufacturing machines market accounted for $16,836.3 million in 2017, and is expected to reach $23,372.1 million by 2025, growing at a CAGR of 4.3% from 2018 to 2025. In 2017, Asia-Pacific dominated the global market, in terms of revenue, accounting for about 82.0% share of the global market, followed by LAMEA.Footwear manufacturing machinery includes machines used for manufacturing & designing shoe upper and insole parts, and it assembles and stabilizes these parts to form a finished shoe product. The demand for footwear production is increasing rapidly, owing to change in lifestyle and fashion trends, which in turn boosts the demand for footwear making machinery. Furthermore, the footwear making machinery simplifies the manufacturing process and increases production capacity utilizing optimized time. These factors are majorly driving the demand for footwear making machinery. However, uncertainty in the manufacturing industry can hamper of growth of the footwear manufacturing machinery.
The product segment secured the highest share of about 86.0% in the footwear manufacturing market in 2017 and is expected to grow at a CAGR of 4.7% during the forecast period. In terms of machine type, semi-automatic machines are expected to account for the highest market share in the coming years, as production capacity of these machines is higher than manual machines, which reduces labor cost, and improves product quality.
Asia-Pacific secured the highest market share in 2017, owing to wide presence of key footwear manufacturing companies. Moreover, most of the key footwear making machines manufacturers are located in Taiwan. Furthermore, the countries such as China and India are growing rapidly in the footwear manufacturing industry, which is increasing demand for footwear manufacturing machines in region.
Key Findings of the footwear manufacturing machinery market:
In 2017, the product segment dominated the global footwear manufacturing machines market, in terms of revenue, and is projected to grow at a CAGR of 4.7% during the forecast period
The service segment is projected to grow at a CAGR of 1.2% during the forecast period
Asia-Pacific is projected as one of the most dominant regions in the footwear manufacturing market and is expected to witness notable growth rate.
The major players, such as ALC Tecnologie Adesive S.r.l., Atom S.p.A, Brustia Alfameccanica S.r.l., Comec, Comelz S.p.A, Dongguan Kingstone Shoe-making Machinery Co. Ltd., Elitron IPM S.r.l., Kou Yi Iron Works Co., Ltd., Orisol Taiwan Ltd., and True Ten Industrial Co., Ltd., have focused on strengthening their business capabilities in the market.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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