Latin America, Middle East & Africa Men Formal Shoes Market By Shoe Type (Oxford Shoe, Derby Shoe, Loafer Shoe, Boots Shoe), Leather Type (Patent Leather, Pebble & Full grain Leather, Top Grain Leather)
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Men formal shoe also known as dress shoe is one of the important part of office?s wears. 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. These shoes give a nice and formal look to the attire. Men formal shoe have become one of the essential fashion statement. Shoes that complement the outfits are high in demand. Innovative designs and better quality of the product adds more value to it. Shoes that give perfect shine and unique look is what a person searching for. Individuals are preferring shoe that are more in trend. Last year, Cole Haan launched its new ranges of products with latest innovation: Grand Revolution line. It includes the mens all new innovative oxford shoes, which combine classic style with comfort like sneakers. The product has been liked by many people due to its comfort with style. Other market players are also launching innovate design that gives perfect style with more comfort. Hence, the factor is expected to grow the demand of men formal shoes.
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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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.