Ahsan BaigWhile BATA and Servis are cheering of the announcement of re-opening of schools as they had lost two seasons of two EIDs and sales which seasonally take place at the time of re-opening of School after summer holidays, but there is more to it.
According to a DUBLIN based global newswire and research agency which has been monitoring the leather boots market and which studied buyer behavior in the Covid-19 period and tried simulating it with post pandemic situation some 100 years ago has tipped that the Leather Boots Industry is poised to grow by $ 1.07 bn during 2020-2024 progressing at a CAGR of 1% during the forecast period.
The Boost market is driven by the product premiumization due to product line extension and increase in online retail sales of footwear. In addition, product premiumization due to product line extension is anticipated to boost the growth of the market as well.
The leather boots market analysis noted South Asia as strong end-user segment where sales are expected grow quite swiftly. A holistic analysis depicted substantial growth in the market verticals both in size and penetrations in terms of trends, and growth drivers which leads the Boots segment into a green zone.
The report noted that in case of India, a sudden surge of 2-3 percent is just the beginning and Bata India is expecting a steep growth in the sales of footwear in coming years as it eyes sailing-up its stores and online sales process which in turn shall boost profitability.
After registering a 2-3 per cent growth in sales volume, Bata India is expecting a surge in sales of footwear in the coming years as it eyes scaling up its store count and tapping more upcountry markets. The surge, in turn will boost profitability.
The news of re-opening of School is a definite plus for the show-makers who had lost the flourishing season of EIDs and opening of School after summer vacations where each house hold buys at-least two pairs of shows on each occasion and event.
Leather boots market and it is poised to grow by $ 1.07 bn during 2020-2024 progressing at a CAGR of 1% during the forecast period. The reports on leather boots market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
Syed Zaki Hussain
Add comment