According to a market report by Lucintel, the future of the global shoe polish market looks promising with opportunities in the commercial and residential markets.. The global shoe polish market is expected to reach an estimated $14.6 billion by 2030 from $9.4 billion in 2024, at a CAGR of 7.6% from 2024 to 2030. The major drivers for this market are rising demand for enhancing longevity of shoes and other footwear to scale up, increased sales of shoes, along with growing number of working women and the requirement for shoes in the corporate environment to maintain a professional appearance.
A more than 150-page report to understand trends, opportunity and forecast in shoe polish market to 2030 by product type (cream-emulsion shoe polish, wax-based shoe polish, and liquid shoe polish), distribution channel (supermarkets/hypermarkets, specialty stores, online retail stores, and convenience stores), application (commercial and residential), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the product type category, cream-emulsion shoe polish segment is expected to witness the highest growth over the forecast period because it is easy to use in both formal and casual shoes.
Within the application category, residential is expected to witness higher growth due to widespread adoption of shoe polish in households.
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In terms of regions, APAC is expected to witness the highest growth over the forecast period due to rising expenditures on apparel and footwear in addition to the existence of important product producers in Bangladesh, China, Thailand, Indonesia, India, and other nations.
Cadillac Products, Tacco Products, Timpson Shoe Polish, Moneysworth & Best, Angelus Shoe Polish, Kiwi Brands, Cadillac Shoe Products, Fiebing, S. C. Johnson & Son, Lexol Products are the major suppliers in the shoe polish market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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