The global shoe dryer market is currently valued at more than USD 54 million and is expected to surpass USD 61 million by 2021, says Technavio.
Technavio has announced its latest market research report on the global shoe dryer market. This industry analysis discusses the major drivers and key emerging trends and offers an analysis of key vendors such as PEET Shoe Dryer and IMPLUS.
According to Abhay Sinha, a lead analyst at Technavio, “Owing to increasing health consciousness and need to stay fit and healthy, a growing number of people are showing interest in alternative physical activities like outdoor and adventure sports like camping, rafting, rock climbing, trekking, bird watching, scuba diving, leaf peeping, and hiking.”
The popularity of adventure sports is on the rise as the need for leisure is growing with increasing hectic lifestyle of today’s global population, especially in the urban areas. This is especially evident among people in the 25-44 years’ age group on a global scale.
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Rise in online retailing
Increased internet penetration, easy access to smartphones, and rise in the use of e-banking systems is propelling the sales of camping equipment through the online channels. Low prices and discounts offered through the online shopping venues are yet another factor for the preference of shopping through these platforms. Campmor, Outdoor Travel & Sports Gear, WildEarth, Adventure 18, and Backcountry Gear are popular vendors selling camping equipment online.
Introduction of innovative shoe dryer
Manufacturers are trying to introduce innovative shoe dryers in terms of their design and usability. For instance, Thanko Global Technology, a Tokyo-based company has introduced USB-powered shoe dryer that can be placed inside the shoes after attaching it to the USB port of any device.
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This new market research includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Shoe Dryer Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Athletic Footwear Market in the US 2016-2020
- Global Hiking Gear and Equipment Market 2016-2020
- Global Foot Insoles Market 2017-2021
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