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Shoe Insole Market Share
Major players like Aetrex, Bauerfeind, FootBalance System Ltd., and New Balance Athletics, Inc. leverage their brand recognition and established distribution networks to maintain a strong market presence. These brands together make up for about 40% of the market share. These prominent players are proactively involved in strategic endeavors like mergers & acquisitions, facility expansions, and collaborations to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position. These enterprises consistently allocate resources to research and development, aiming to enhance their designs and integrate cutting-edge technologies, ensuring they maintain a competitive edge.
Shoe Insole Market Companies
Major players operating in the shoe insole industry include:
- Aetrix Worldwide Inc.
- Bauerfeind AG
- FootBalance System Ltd.
- New Balance Athletics, Inc.
- Superfeet Worldwide, Inc.
Why is the demand for polymer shoe insoles rising?
Polymer segment accounted for 31.5% revenue share in 2023 and is likely to witness high demand through 2032 for various applications, including everyday wear, athletic activities, and orthotics due to its excellent cushioning and shock absorption properties.
What is the size of the shoe insole market?
Shoe insole industry size reached USD 5.64 billion in 2023 and is projected to record over 4.7 % CAGR from 2024 to 2032 driven by the rising consumer demand for comfort, foot health, and customization in their footwear.
How big is the Asia Pacific shoe insole market?
Asia Pacific held 44% revenue share of the shoe insole industry in 2023 and is estimated to depict robust growth through 2032 attributed to the significant increase in the elderly population encountering various foot-related challenges.
Who are the major shoe insole manufacturers?
Some leading firms operating in the shoe insole industry are Aetrix Worldwide Inc., Bauerfeind AG, FootBalance System Ltd., New Balance Athletics, Inc., and Superfeet Worldwide, Inc.