Market Overview:
The global shoe rack market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for organized storage solutions, rising disposable income, and growing awareness about the benefits of using shoe racks. The global shoe rack market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into wooden, metal, plastic, and other types. The wooden segment dominates the global shoe rack market in terms of revenue share followed by metal and plastic segments respectively. On account of their durability and aesthetic appeal wood-based products are preferred by consumers over other materials such as metal or plastic for making shoe racks.
Product Definition:
A shoe rack is a piece of furniture used to store shoes. It can be as simple as a wooden box with several compartments, or it can be an elaborate structure with multiple shelves and racks. A shoe rack is often placed near the door so that people can easily put their shoes on and take them off.
Wooden:
Wooden shoe rack is a product that is made up of wood and it's usage in the market can be seen in both residential as well as commercial places. In the shoe rack industry, there are two types of wooden products which are made up of solid wood and plywood.
Metal:
Metal is a strong, rigid material that can be used for manufacturing various types of products. It has a high strength-to-weight ratio and provides better support to heavy loads compared to other materials such as wood and plastic. Metal is corrosion resistant, which makes it suitable for use in outdoor settings such as shoe rack market.
Shoe rack made up of metal are more durable than those made from plastic or wood; hence they last longer even under harsh conditions such as extreme temperature.
Application Insights:
The commercial application segment dominated the global shoe rack market, accounting for more than 60.0% share of the total revenue in 2017. The growth can be attributed to an increase in footfall of retail stores and rapid expansion of shopping malls across various regions, including Asia Pacific and Middle East & Africa. For instance, as per a media release issued by Taqdeer Real Estate Company Ltd., there were over 544 million visitors to retail stores and shopping complexes in 2016 across Europe which represented a significant growth from previous years. Moreover, according to data published by Global Retail Properties Inc., around USD 1 trillion worth of construction work is expected to be carried out globally over the next 10 years which is likely to result in increased demand for commercial buildings & spaces where shoes can be stored appropriately while waiting for their owners.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its dominance over the forecast period as well. This can be attributed to growing product demand for residential and commercial applications in countries, such as U.S., Canada, and Mexico. Moreover, increasing number of shopping malls across these countries will drive regional growth further.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to rising product adoption in commercial applications including hotels, restaurants, hospitals/clinics/ambulatory care centers among others located throughout Asia Pacific Economic Cooperation (APEC) nations including China.
Growth Factors:
- Increasing demand for organized storage spaces in residential and commercial areas.
- Rising popularity of online shopping and home delivery services, which is leading to an increase in the demand for shoe racks.
- Growing awareness about the importance of footwear hygiene among consumers, which is driving them to invest in shoe racks.
- Proliferation of affordable and stylish shoe rack designs that are suitable for a variety of decors and budgets.
Scope Of The Report
Report Attributes
Report Details
Report Title
Shoe Rack Market Research Report
By Type
Wooden, Metal, Plastic, Other
By Application
Residential, Commercial
By Companies
OxGord, pro-mart, Whitmor, home-complete, Seville Classics, Honey-Can-Do, SONGMICS, Rolex Furniture, Adarsh, Nova, officefurnitureinindia, SS Equipment, Nexon
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
185
Number of Tables & Figures
130
Customization Available
Yes, the report can be customized as per your need.
Global Shoe Rack Market Report Segments:
The global Shoe Rack market is segmented on the basis of:
Types
Wooden, Metal, Plastic, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- OxGord
- pro-mart
- Whitmor
- home-complete
- Seville Classics
- Honey-Can-Do
- SONGMICS
- Rolex Furniture
- Adarsh
- Nova
- officefurnitureinindia
- SS Equipment
- Nexon
Highlights of The Shoe Rack Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Wooden
- Metal
- Plastic
- Other
- By Application:
- Residential
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Shoe Rack Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A shoe rack is a piece of furniture that is used to store shoes. It can be a stand-alone piece of furniture, or it can be attached to an existing wall or door.
Some of the major companies in the shoe rack market are OxGord, pro-mart, Whitmor, home-complete, Seville Classics, Honey-Can-Do, SONGMICS, Rolex Furniture, Adarsh, Nova, officefurnitureinindia, SS Equipment, Nexon.
The shoe rack market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Shoe Rack Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Shoe Rack Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Shoe Rack Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Shoe Rack Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Shoe Rack Market Size & Forecast, 2018-2028 4.5.1 Shoe Rack Market Size and Y-o-Y Growth 4.5.2 Shoe Rack Market Absolute $ Opportunity
Chapter 5 Global Shoe Rack Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Shoe Rack Market Size Forecast by Type
5.2.1 Wooden
5.2.2 Metal
5.2.3 Plastic
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Shoe Rack Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Shoe Rack Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Shoe Rack Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Shoe Rack Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Shoe Rack Analysis and Forecast
9.1 Introduction
9.2 North America Shoe Rack Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Shoe Rack Market Size Forecast by Type
9.6.1 Wooden
9.6.2 Metal
9.6.3 Plastic
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Shoe Rack Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Shoe Rack Analysis and Forecast
10.1 Introduction
10.2 Europe Shoe Rack Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Shoe Rack Market Size Forecast by Type
10.6.1 Wooden
10.6.2 Metal
10.6.3 Plastic
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Shoe Rack Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Shoe Rack Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Shoe Rack Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Shoe Rack Market Size Forecast by Type
11.6.1 Wooden
11.6.2 Metal
11.6.3 Plastic
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Shoe Rack Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Shoe Rack Analysis and Forecast
12.1 Introduction
12.2 Latin America Shoe Rack Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Shoe Rack Market Size Forecast by Type
12.6.1 Wooden
12.6.2 Metal
12.6.3 Plastic
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Shoe Rack Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Shoe Rack Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Shoe Rack Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Shoe Rack Market Size Forecast by Type
13.6.1 Wooden
13.6.2 Metal
13.6.3 Plastic
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Shoe Rack Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Shoe Rack Market: Competitive Dashboard
14.2 Global Shoe Rack Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 OxGord
14.3.2 pro-mart
14.3.3 Whitmor
14.3.4 home-complete
14.3.5 Seville Classics
14.3.6 Honey-Can-Do
14.3.7 SONGMICS
14.3.8 Rolex Furniture
14.3.9 Adarsh
14.3.10 Nova
14.3.11 officefurnitureinindia
14.3.12 SS Equipment
14.3.13 Nexon