MarketLineIC_Canada Footwear_170922.pdf

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1、 MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIEDPage|1MarketLine Industry ProfileFootwear in CanadaJuly 2021ReferenceReference Code:Code:0070-06190070-0619PublicationPublication Date:Date:JulyJuly 20212021PrimaryPrimary NAICS:NAICS:448210448210WWW.MARKETLINE.COMWWW.MARKETL

2、INE.COMMARKETLINE.THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED Footwear in CanadaIndustry Profiles MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIEDPage|21.Executive Summary1.1.Market valueThe Canadian footwear market shrank by 28.8%in 2020 to reach a valu

3、e of$4,086.7 million.1.2.Market value forecastIn 2025,the Canadian footwear market is forecast to have a value of$6,009.2 million,an increase of 47%since 2020.1.3.Category segmentationWomens footwear is the largest segment of the footwear market in Canada,accounting for 54.1%of the markets total val

4、ue.1.4.Geography segmentationCanada accounts for 5.2%of the Americas footwear market value.1.5.Market rivalryCompetition is increasing as foreign retailers and footwear specialists are entering the domestic market and introducing more styles and brands.The presence of many players often leads to int

5、ense rivalry on price.Moderate growth in the coming years will alleviate the degree of rivalry between players somewhat and reduce the likelihood of a zero-sum game.The retail sector has encountered a difficult period,with many stores closing in response to the COVID-19 outbreak in 2020.Competition

6、from online stores is expected to intensify rivalry.1.6.Competitive LandscapeThe Canadian footwear market has experienced healthy growth in recent years,a similar level of growth is projected over the forecast period.The Canadian market has been boosted by the presence of several large,home grown pl

7、ayers that have managed to manufacture and retail new and exclusive footwear,which has resonated strongly with buyers in the Canadian market.Companies such as Outclass and Naked&Famous Denim have started making skate inspired trainers or retro low-tops which have caught the attention of young Canadi

8、an buyers.Players such as Dayton and Viberg make boots that are suitable for Canadas weather and geography,increasing their appeal.Footwear in CanadaIndustry Profiles MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIEDPage|3Footwear in Canada Industry Profiles MARKETLINE THIS

9、PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIEDPage|4TABLE OF CONTENTS1.Executive Summary21.1.Market value.21.2.Market value forecast.21.3.Category segmentation.21.4.Geography segmentation.21.5.Market rivalry.21.6.Competitive Landscape.22.Market Overview82.1.Market definition.82.2.Market

10、analysis.83.Market Data103.1.Market value.104.Market Segmentation114.1.Category segmentation.114.2.Geography segmentation.124.3.Market distribution.135.Market Outlook145.1.Market value forecast.146.Five Forces Analysis156.1.Summary.156.2.Buyer power.166.3.Supplier power.176.4.New entrants.196.5.Thre

11、at of substitutes.216.6.Degree of rivalry.227.Competitive Landscape24Footwear in Canada Industry Profiles MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIEDPage|57.1.Who are the leading players?.247.2.what strategies to leading players follow?.247.3.How have online retailers

12、affected traditional brick and mortar stores?.267.4.What impact has Covid-19 had on leading players?.268.Company Profiles288.1.Aldo Group Inc.288.2.NIKE Inc.308.3.Belle International Holdings Ltd.358.4.C&J Clark International Ltd.379.Macroeconomic Indicators399.1.Country data.39Appendix41Methodology

13、.419.2.Industry associations.429.3.Related MarketLine research.42About MarketLine.43Footwear in Canada Industry Profiles MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIEDPage|6LIST OF TABLESTable 1:Canada footwear market value:$million,20162010Table 2:Canada footwear market

14、category segmentation:$million,202011Table 3:Canada footwear market geography segmentation:$million,202012Table 4:Canada footwear market distribution:%share,by value,202013Table 5:Canada footwear market value forecast:$million,20202514Table 6:Aldo Group Inc:key facts28Table 7:Aldo Group Inc:Key Empl

15、oyees29Table 8:NIKE Inc:key facts30Table 9:NIKE Inc:Annual Financial Ratios32Table 10:NIKE Inc:Key Employees33Table 11:NIKE Inc:Key Employees Continued34Table 12:Belle International Holdings Ltd:key facts35Table 13:Belle International Holdings Ltd:Key Employees36Table 14:C&J Clark International Ltd:

16、key facts37Table 15:C&J Clark International Ltd:Key Employees38Table 16:Canada size of population(million),20162039Table 17:Canada gdp(constant 2005 prices,$billion),20162039Table 18:Canada gdp(current prices,$billion),20162039Table 19:Canada inflation,20162039Table 20:Canada consumer price index(ab

17、solute),20162040Table 21:Canada exchange rate,20162040Footwear in Canada Industry Profiles MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIEDPage|7LIST OF FIGURESFigure 1:Canada footwear market value:$million,20162010Figure 2:Canada footwear market category segmentation:%shar

18、e,by value,202011Figure 3:Canada footwear market geography segmentation:%share,by value,202012Figure 4:Canada footwear market distribution:%share,by value,202013Figure 5:Canada footwear market value forecast:$million,20202514Figure 6:Forces driving competition in the footwear market in Canada,202015

19、Figure 7:Drivers of buyer power in the footwear market in Canada,202016Figure 8:Drivers of supplier power in the footwear market in Canada,202017Figure 9:Factors influencing the likelihood of new entrants in the footwear market in Canada,202019Figure 10:Factors influencing the threat of substitutes

20、in the footwear market in Canada,202021Figure 11:Drivers of degree of rivalry in the footwear market in Canada,202022Footwear in Canada Industry Profiles MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIEDPage|82.Market Overview2.1.Market definitionThe footwear market consists

21、 of the total revenues generated through the sale of all types of mens,womens and childrens shoes.It includes all footwear categories for men,women,boys and girls,but excludes sports-specific footwear.All market data and forecasts are represented in nominal terms(i.e.,without adjustment for inflatio

22、n)and all currency conversions used in the creation of this report have been calculated using constant 2020 annual average exchange rates.For the purposes of this report,the global market consists of North America,South America,Europe,Asia-Pacific,Middle East,South Africa and Nigeria.North America c

23、onsists of Canada,Mexico,and the United States.South America comprises Argentina,Brazil,Chile,Colombia,and Peru.Europe comprises Austria,Belgium,the Czech Republic,Denmark,Finland,France,Germany,Greece,Ireland,Italy,Netherlands,Norway,Poland,Portugal,Russia,Spain,Sweden,Switzerland,Turkey,and the Un

24、ited Kingdom.Scandinavia comprises Denmark,Finland,Norway,and Sweden.Asia-Pacific comprises Australia,China,Hong Kong,India,Indonesia,Kazakhstan,Japan,Malaysia,New Zealand,Pakistan,Philippines,Singapore,South Korea,Taiwan,Thailand,and Vietnam.Middle East comprises Egypt,Israel,Saudi Arabia,and Unite

25、d Arab Emirates.2.2.Market analysisSignificant growth has been absent from the Canadian footwear since 2017 and a sharp 28.8%decline in value in 2020 brought the total growth down during the historic period.The market is expected to rebound with strong growth in 2021 and 2022 and moderate growth thr

26、oughout the rest of the forecast period.Consumer spending has been the main driver of the Canadian economy in recent years.The growing popularity of sports footwear is driving growth in the market,thanks to the athleisure trend which has swept across the world.The demand for casual footwear designed

27、 to be worn both for exercising and for general use has benefited players in the footwear market,such as Foot Locker and Nike,which have seen sneaker sales rise in recent years.The cultural shift of athletic footwear being repurposed as everyday wear has changed the dynamics of the footwear market.T

28、he Canadian footwear market had total revenues of$4.1bn in 2020,representing a compound annual rate of change(CARC)of-7%between 2016 and 2020.In comparison,the US and Mexican markets declined with compound annual rate of change(CARC)s of-6.4%and-3%respectively,over the same period,to reach respectiv

29、e values of$60.1bn and$4.5bn in 2020.The COVID-19 pandemic created unprecedented market conditions in 2020 which caused consumers to spend less on non-essential products.Prices for clothing and footwear fell at record pace between March and April,contributing significantly to the month-over-month de

30、cline in Consumer Price Index(CPI).Online retail has helped offset declines of in-store purchases.Canadian retailers finished 2020 with$606bn in sales,down 1.4%from 2020.This was the largest annual decline since the 2009 recession.Sales at clothing and clothing accessories stores declined by over on

31、e-quarter(-25.8%)in 2020falling to their lowest level since 2011.Much of this decline was attributable to restrictions on in-store shopping at malls.However,the onset of COVID-19 prompted many Canadian retailers to open or expand their e-commerce presence,quickly changing the retail landscape.As a r

32、esult,retail e-commerce sales increased 70.5%in 2020.Footwear in Canada Industry Profiles MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIEDPage|9The growing popularity of sports footwear is driving growth in the market,thanks to the athleisure trend that has swept across the

33、 world.The demand for casual footwear designed to be worn both for exercising and for general use has benefited players in the footwear market,such as Adidas and Nike,which have seen sneaker sales rise in recent years.The cultural shift of athletic footwear being repurposed as everyday wear has chan

34、ged the dynamics of the footwear market.The womens footwear segment was the markets most valuable in 2020,with total revenues of$2.2bn,equivalent to 54.1%of the markets overall value.The mens footwear segment contributed revenues of$1.0bn in 2020,equating to 25.7%of the markets aggregate value.The p

35、erformance of the market is forecast to accelerate,with an anticipated CAGR of 8%for the five-year period 2020-2025,which is expected to drive the market to a value of$6.0bn by the end of 2025.Comparatively,the US and Mexican markets will grow with CAGRs of 6.3%and 6.4%respectively,over the same per

36、iod,to reach respective values of$81.7bn and$6.1bn in 2025.The long-term economic impact of the Covid-19 pandemic will weaken future growth predictions.The pandemic has reduced employment rates and caused economic recession which is expected to reduce consumer spending resulting in weaker footwear s

37、ales.Online sales will continue to drive market growth over the forecast even when lockdown restrictions are eased,and physical points of sale are re-opened.The return of economic activity will fuel the markets recovery with growth expected to return as vaccines are rolled out nationwide and lockdow

38、n conditions alleviated.Footwear in Canada Industry Profiles MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIEDPage|103.Market Data3.1.Market valueThe Canadian footwear market shrank by 28.8%in 2020 to reach a value of$4,086.7 million.The compound annual rate of change of the

39、 market in the period 201620 was-7%.TableTable 1 1:CanadaCanada footwearfootwear marketmarket value:value:$million,million,20162016 2020Year$millionC$million million%Growth20165,470.97,335.24,793.920175,725.87,677.05,017.34.7%20185,764.77,729.15,051.30.7%20195,743.17,700.25,032.5(0.4%)20204,086.75,4

40、79.33,581.0(28.8%)CAGR:201620(7.0%)SOURCE:SOURCE:MARKETLINE M A R K E T L I N EFigureFigure 1 1:CanadaCanada footwearfootwear marketmarket value:value:$million,million,20162016 2020 SOURCE:SOURCE:MARKETLINE M A R K E T L I N EFootwear in Canada Industry Profiles MARKETLINE THIS PROFILE IS A LICENSED

41、 PRODUCT AND IS NOT TO BE PHOTOCOPIEDPage|114.Market Segmentation4.1.Category segmentationWomens footwear is the largest segment of the footwear market in Canada,accounting for 54.1%of the markets total value.The Mens footwear segment accounts for a further 25.7%of the market.TableTable 2 2:CanadaCa

42、nada footwearfootwear marketmarket categorycategory segmentation:segmentation:$million,million,20202020Category2020%Womens Footwear2,210.654.1%Mens Footwear1,049.325.7%Childrens Footwear826.820.2%Total4,086.7100%SOURCE:SOURCE:MARKETLINE M A R K E T L I N EFigureFigure 2 2:CanadaCanada footwearfootwe

43、ar marketmarket categorycategory segmentation:segmentation:%share,share,byby value,value,20202020 SOURCE:SOURCE:MARKETLINE M A R K E T L I N EFootwear in Canada Industry Profiles MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIEDPage|124.2.Geography segmentationCanada account

44、s for 5.2%of the Americas footwear market value.The United States accounts for a further 76.8%of the Americas market.TableTable 3 3:CanadaCanada footwearfootwear marketmarket geographygeography segmentation:segmentation:$million,million,20202020Geography2020%United States60,093.076.8Mexico4,473.75.7

45、Canada4,086.75.2Rest Of The Americas9,558.912.2Total78,212.399.9%SOURCE:SOURCE:MARKETLINE M A R K E T L I N EFigureFigure 3 3:CanadaCanada footwearfootwear marketmarket geographygeography segmentation:segmentation:%share,share,byby value,value,20202020 SOURCE:SOURCE:MARKETLINE M A R K E T L I N EFoo

46、twear in Canada Industry Profiles MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIEDPage|134.3.Market distributionClothing,Footwear And Accessories Specialists form the leading distribution channel in the Canadian footwear market,accounting for a 56.7%share of the total marke

47、ts value.Department Stores accounts for a further 14.2%of the market.TableTable 4 4:CanadaCanada footwearfootwear marketmarket distribution:distribution:%share,share,byby value,value,20202020Channel%ShareClothing,Footwear And Accessories Specialists56.7%Department Stores14.2%Online Specialists11.2%H

48、ypermarkets,Supermarkets And Hard Discounters2.6%Other15.3%Total100%SOURCE:SOURCE:MARKETLINE M A R K E T L I N EFigureFigure 4 4:CanadaCanada footwearfootwear marketmarket distribution:distribution:%share,share,byby value,value,20202020 SOURCE:SOURCE:MARKETLINE M A R K E T L I N EFootwear in Canada

49、Industry Profiles MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIEDPage|145.Market Outlook5.1.Market value forecastIn 2025,the Canadian footwear market is forecast to have a value of$6,009.2 million,an increase of 47%since 2020.The compound annual growth rate of the market i

50、n the period 202025 is predicted to be 8%.TableTable 5 5:CanadaCanada footwearfootwear marketmarket valuevalue forecast:forecast:$million,million,20202020 2525Year$millionC$million million%Growth20204,086.75,479.33,581.0(28.8%)20215,076.76,806.64,448.524.2%20225,581.77,483.84,891.19.9%20235,751.37,7