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Formal Shoes are widely used in offices, meetings, and other formal events. Formal shoes give a complete look to the formal outfits. Variety of options in formal shoes is available in the market for different occasions like meetings, sports, casual events, and others. Formal shoes have also been categorized in different styles such as Derby, brogue, moccasin, boots, loafers and others. Formal shoes have witnessed the prominent growth in the recent years in European region. The rapid adoption of online retailing has become advantageous for market competitors. Well-known brands are launching hundreds of new products online. European regions are some of the top leading regions getting involved into the online retailing.
E-commerce has also made it easier for the export and import of the goods. Few websites also provide goods on the wholesale basis. In addition to this, discounts and offers provided by different websites have also contributed in the demand of internet retailing. In coming years, online retailing is expected to bring great opportunities for growth of men formal shoes market. Dessert Boots are trending now-a-days. The most recent designs in dessert boots have attracted lots of consumers. Clarks have recently launched its new range of shoe in dessert boots which is inspired by chukka boots. Additionally, brogues are also becoming one of the major trends in men formal shoes market. Traditionally, the shoes are made up of suede and smooth leather.
The brogues come in shoe and boot variety. The features add more value to its rising demand. Therefore, the varieties of brogues and oxford shoes have been gaining popularity among the population Germany, UK, France, Russia, Spain, Italy, and Rest of Europe. The Men Formal Shoes Market has been segmented on the basis of shoe type, leather type, and Country. Based on Shoe Type, the market is segmented into Derby, Loafers, Oxfords, Boots, and Others. Based on Leather Type, the market is segmented into Patent leather, Top grain, Pebble & full grain, and Suede leather.
Based on Country, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe. The key players operating in the men formal shoe market are Kering, Cole Haan, Burberry Group Plc, LVMH, Prada S.P.A., PVH (Calvin Klein, Inc.), Hugo Boss AG, and C &J. Clark International Ltd.