The global shoe rack market is anticipated to grow at a CAGR of 6.2% during the forecast period (2022-2028). The market is expected to develop further as the footwear industry continues to expand, resulting in more people owning numerous types of shoes. Hence, due to the fact that athletes’ changing rooms usually have a shoe rack for sportsmen, there is a growing need for the product in numerous sports areas. Also, research institutions that follow a tight routine for keeping hygiene when it comes to footwear have shown an increase in the use of the shoe rack. Nowadays, individuals are becoming more conscious of the benefits of using a shoe rack to assist organize footwear and preventing them from being damaged. The benefits of using the product include keeping the floor clean, helping to maximize space, and helping to keep the shoe in good shape. The increasing demand for a changing room with a shoe rack has been fueled by the growing number of health and fitness clubs throughout the globe. Furthermore, increased demand for the product in hotels around the globe is expected to drive up demand.
By shifting customer preferences toward urban lifestyles, the increasing incidence of urbanization has spurred market expansion for shoe rack items. A change in lifestyle needs the proper arrangement of high-quality furniture and furnishings. Consumers now have access to a bigger market as a result of globalization, making it easier to find a variety of products through many distribution channels. Additionally, the rise of the interior design industry has paved the way for lavish and high-end shoe rack goods that create a memorable experience for guests. These luxurious and high-end products add to the occupants’ spiritual and visual satisfaction as well as their sophistication
Some major players in the market include Ethan Allen Global, Inc., Godrej Industries Ltd, IKEA Group Corp, Kartell P.I., and Williams-Sonoma Inc, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market.
IKEA Group Corp offers the HEMNES shoe cabinets to provide great shoe storage while taking up very little room on the floor. The little TRONES shoe cabinets can be stacked and combined to offer as much or as little storage as the user desires. The TJUSIG bench, on the other hand, provides a space to sit and put on shoes. The consumer can even store their shoes under the bench on the open shelves.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By End-User
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Ethan Allen Global, Inc., Godrej Industries Ltd, IKEA Group Corp, Kartell P.I., Williams-Sonoma Inc,among others.
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Global Shoe Rack Market Report by Segment
By Type
- Wood
- Steel
- Aluminum
- Plastic
By End-User
- Residential
- Commercial
By Distribution Channel
- E-Commerce Store
- Retail Store
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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